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Interims show Eurasia on track with Russian assets

Eurasia Mining continues to make strong progress with its PGM assets in Russia
Eurasia is looking to open up new areas to PGM production

At the end of June 2017 Eurasia Mining plc (LON:EUA) had just over £450,000 in cash.

The company’s interim results showed nominal revenue for the period of £26,000 and a loss before tax of just over £1.1 mln.

READ: Eurasia Mining on track for mining license at Monchetundra PGM project in Russia

There have been two subsequent small equity financings.

Eurasia took the opportunity to remind investors that Montechundra is nearing the end of feasibility, while progress at West Kytlim continues.

If Eurasia can make these mines work, it will be a rare London-listed junior with platinum production outside of Southern Africa.

Only Bezant (LON:BZT) has similar aspirations, and on a smaller scale. Eurasia’s Montechundra deposit boasts 1.9 mln ounces of palladium and platinum.

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Eurasia Mining plc Timeline

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