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Epic & Msn data
Epic EUA
Time: 07:55:45
Mid Price: 1.50
Change Today: 0.00
Change % Today: 0.00
Fifty Two Week High: 3.88
Fifty Two Week Low: 1.38
Market Capital: 2.12
Period & price data
Period Price
Now: 1.50
3 Months ago: 2.63
6 Months ago: 3.63
1 Year ago: 3.88
Additional information
Additional Information
Market: AIM
Sector: General Mining - Platinum Group Metals
Epic: EUA
News: Latest news
Web Site: Eurasia Mining
Other Articles: 08-10-200829-09-200820-08-2008

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Eurasia Mining

Eurasia Mining Plc is a minerals development company, listed on the Alternative Investment Market (AIM), currently operating in Russia. Eurasia's stated objective is to explore for platinum group of metals (PGMs) and gold on self-generated exploration targets and fund through joint venture partnerships with strategic operators and local partners. At present the company has two principal areas of operation in Russia, the Kola Peninsula and the Urals. Both are targets for PGM mineralization. In the Urals at West Kytlim, an alluvial platinum project is completing a bankable feasibility study and following successful permitting, going straight to mining. This is possible due to the low level of capital required for this type of operation and the suitability to scale up production in stages, funded from cash-flow. In Kola, the area consists of two exploration licences where good platinum and PGM grades have been obtained within bedrock targets. In 2008, both projects are being funded by Anglo Platinum in joint venture, earning a 40% interest in Kola by completing expenditure of $10 million and at West Kytlim, earning 50% by completing the bankable feasibility study. In addition to these PGM projects, work continues on targeting the acquisition of more advanced gold projects in Russia.

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Wednesday, October 08, 2008

Eurasia Mining awarded extension to West Kytlim licence

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Eurasia Mining (AIM: EUA), the platinum group metals (PGM) exploration and development company,  announced that it has been awarded a two year extension to its West Kytlim exploration licence in the Central Urals, Russia.  


West Kytlin is a alluvial platinum project, and is part of a Joint Venture agreement with Anglo Platinum, the world’s largest platinum producer, whereby Anglo are paying for all exploration work up to the completion of a bankable feasibility study.


Eurasia added that it also received approval for the first stage of its Russian Feasibility Study over the Bolshaya Sosnovka River within the West Kytlim licence.


“The Company is currently submitting a resource and reserve statement to the relevant authorities for approval and registration, as part of the process for obtaining a comprehensive mining licence,” the company said.


“Exploration drilling is continuing to expand the area of reserves and potential resources in a number of areas within the licence area. In addition, bulk samples have been processed as a check of grades obtained by drilling as well as for metallurgical test work.”
 

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