RE: Rns1 Sep 2021 08:15
Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are delighted that our hard work on Kola that started as a joint venture with Anglo American Platinum in 2005 and is finishing as a joint venture with Rosgeo, a much stronger partner for doing business in Russia, is coming to a successful conclusion with DFS, JORC reserves as well as the EPCF (engineering, procurement, construction and finance) contract already signed. The Board is committed to execute on the strategy as announced on 12 May 2021".
James Nieuwenhuys, CEO and Managing Director of Eurasia commented: "The Board members are encouraged that the DFS is advancing well for Monchetundra, while the CPR under the JORC Code is being finalised for our Rosgeo JV projects including Nyud and Moroshkovoe. The work has been done well ahead of schedules stipulated by our license agreements. We are executing on Kola as we have done in the Urals, successfully delivering on our promises".