RE: RE: Down.5 Feb 2018 19:36
Is the new plan for 3 washplants for the 2018 season to go with the 3 planned mining sites?
Mining may progress to at least two open pit sites in 2018, to further manage the single asset risk: current plans are for two open pits to be mined under contract and another by Eurasia itself as owner operator. The reserves targeted at Malaya Sosnovka in the 2016 and 2017 trial mining seasons remain a focus for the 2018 season, as well as the Kluchiki and Bolshaya Sosnovka mine sites which are also ready for development. The reserves statement at Malaya Sosnovka will show a small net increase year on year, as a 15% increase in reserves which achieved state approval earlier in this year (see RNS dated 24 March 2017) offset depletion by 2017 production.
GLA