viewEurasia Mining PLC

Mining at Eurasia’s West Kytlim project underway since first quarter, full scale production since second quarter

Knowledge gained from last year's season will be applied to this year's campaign

Eurasia is making a speciality of Russian platinum and palladium

Mining and stockpiling of ore at the West Kytlim platinum group metals mine owned by Eurasia Mining plc (LON:EUA) commenced in the first quarter of 2019.

This ore has been and will be continuously sampled during excavation to confirm the grades and acts as a buffer to ensure continuous feedstock for the onsite washplant. Full scale washing and production started in the second quarter.

READ: Eurasia Mining beginning to build scale in platinum group metals portfolio, helped by track record of competence in Russia

The ore stockpile currently stands at around 30,000 cubic metres and creates a buffer of material to ensure constant production.

“We are confident of a strong second year at West Kytlim in 2019 with mining ongoing since the first quarter and with the full scale production and washing started in  the second quarter,” said chairman Christian Schaffalitzky.

“Our own team and that of our contractor are building on their experience of last year with several modifications to the circuit aimed at further increasing efficiency and metal recovery. We will publish the improved grades and recovery numbers later this year, after these improvements are confirmed over a longer term production period.”

Quick facts: Eurasia Mining PLC

Price: 29 GBX

Market: AIM
Market Cap: £800.02 m

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