Additional Information
Market: AIM
Sector: General Mining - Platinum Group Metals
EPIC: EUA
Latest Price: 0.79p  (3.95% Ascending)
52-week High: 1.53p
52-week Low: 0.60p
Market Cap: 5.35M
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Eurasia Mining
www.eurasiamining.co.uk
Eurasia Mining Plc is an international mineral exploration company, listed on the Alternative Investment Market (AIM), currently operating in Russia.

Eurasia's stated objective is to explore for the platinum group of metals (PGMs) and gold through self-funded own exploration targets and joint venture partnerships with strategic operators and local partners. Operations are funded from the company's own equity funds and funded joint venture agreements. Projects are subject to an initial evaluation for viability and once this is established further exploration work is carried out to establish feasibility study level. It is then the company's intention to either proceed with developing the project to production or partnering the project with a suitable operator.
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Eurasia Mining awarded extension to West Kytlim licence

8th Oct 2008, 12:06 pm Eurasia Mining awarded extension to West Kytlim licence

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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