Eurasia Mining plc (AIM:EUA) has received approval for its Monchetundra platinum group metals mine from the Russian Ministry of Economic Development (MOED).
The mine permit application, for the Monchetundra project, which contains more than two million PGM ounces, is now awaiting sign off at the Ministry of Natural Resources, before progressing to the office of Prime Minister Dmitry Medvedev for final approval.
WATCH: Eurasia Mining receives approval of Monchetundra mine permit application
The application process remains on track to be completed by late summer. A discovery certificate, confirming title for the contained reserves and resources at the Monchetundra project was issued in July of 2017.
“Another key milestone, and again sooner than expected,” said chief executive Christian Schaffalitzky.
“The process is now entering its final stages, in fact the final stage of approval before the anticipated signing at the office of the Prime Minister.”