IN BRIEF: Eurasia shares soar as projects make major developments

Eurasia Mining PLC - UK-based mining & mineral exploration company - Reports "significant developments" at West Kytlim mine in Russia as three washing plants now in operation and several open pit areas are being stripped. Joint venture partner Rosgeo confirms the licensing process for Nyud and Moroshkovoe open pit deposits is in an advanced state, block modelling and open pit optimisations are complete for six out of nine Rosgeo JV projects.

"The Monchetundra definitive feasibility study is in the final stages of its development further to the successful completion of geotechnical and other studies performed by Gipronickel, an engineering arm of Norilsk Nickel, as well as an audit by Wardell Armstrong International," adds Eurasia.

Also notes share price remains below 26.5 pence at which mid-May USD20 million private placement was priced.

Current stock price: 24.90 pence, up 34.6% today

Year-to-date change: down 26%

By Josie O'Brien; josieobrien@alliancenews.com

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