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Platinum group metals

Eurasia on track to produce first platinum this year

Christian Schaffalitzky Eurasia’s managing director, said he was delighted with the operational progress.

Eurasia Mining (LON:EUA) remains on progress for first platinum production this year from its alluvial project West Kytlim in Russia.

The contractor for the power line construction has started engineering and ecological studies to back up the planned route surveyed last month.

Surveying teams have completed all field work necessary for incorporation into an application for the Mining Allotment covering the initial production site at Malaya Sosnovka, while a survey of the next area scheduled for mining, at Kluchiki, is underway.

A technical design report for the full project is also underway, while the report for the initial diesel operation at Malaya Sosnovka is about to be completed.

Christian Schaffalitzky Eurasia’s managing director, said he was delighted with the operational progress.

“Production should deliver first revenues and operating margins for Eurasia after many years of build up and preparations.”

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