logo-loader
viewEurasia Mining PLC

Eurasia Mining says West Kytlim is now fully operational

"We are delighted at the continued progress made at our West Kytlim mine and indeed it is very satisfying to achieve full operational capacity.”

platinum
Ttotal raw platinum production amounted to 11.8 kilograms

Eurasia Mining plc (LON:EUA) has highlighted that the West Kytlim platinum mine is now fully operational.

The company, in a stock market statement, said that the project’s washplant achieved design capacity, of 130 cubic metres per hour over a minimum 18 hour operational day.

It said that total raw platinum production amounted to 11.8 kilograms by May 16 which suggested an average grade of 771mg per cubic metres.

READ: Eurasia Mining raises funds; updates on progress at West Kytlim

So far, processing of the first ore stockpile is now nearing completion and mining is underway to create further stockpiles.

Next month, the company’s contactor will assess the future development of the mine site including the Kluchiki area.

"We are delighted at the continued progress made at our West Kytlim mine and indeed it is very satisfying to achieve full operational capacity,” said Christian Schaffalitzky, executive chairman.

“Techstroy continue to meet our high expectations this year and we have excellent working relations now established.

"We look forward to the 2018 mining season with renewed excitement and shareholders can expect regular updates on progress at West Kytlim and other developments across the company."

Quick facts: Eurasia Mining PLC

Price: 7.2 GBX

AIM:EUA
Market: AIM
Market Cap: £196.18 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Eurasia Mining PLC named herein, including the promotion by the Company of Eurasia Mining PLC in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Eurasia Mining's Dmitry Suschov discusses 'strategic options' for its mining...

Eurasia Mining's (LON:EUA) Dmitry Suschov speak to Proactive London's Andrew Scott followingn the news they've engaged two banks as they consider the 'strategic options' for its Kola and Urals mining assets . He says VTB, an arm of Russia’s VTB Group, and CITIC, which is owned by the Chinese...

on 30/10/19

2 min read