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(Alliance News) - Eurasia Mining PLC on Tuesday said an additional exploration license has been granted at its West Kytlim project in Russia.
The AIM-listed company applied for the license area in 2019.
The Russia-focused platinum group metals miner said the licensed area is adjacent to its current mining licence. Eurasia Mining said it aims to increase the resource available, potentially extending the life of mine at the West Kytlim project.
"Once again, we have demonstrated the capacity of our team to successfully obtain licenses and implement our strategy," noted Executive Chair Christian Schaffalitzky.
Eurasia Mining shares were trading 0.8% higher in London on Tuesday morning at 30.09 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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