Last checked at 24 May 2018 14:15
Eurasia Mining plc (AIM: EUA)
("Eurasia" or the "Company")
Communications Update
Eurasia Mining plc (AIM: EUA) ("Eurasia Mining" or the "Company") the PGMs (Platinum Group Metals) and Gold mining company is pleased to provide an update with regard to corporate communications activities.
West Kytlim Mine Information Video
The company has now prepared an Information video (blog) for shareholders covering current production activities at West Kytlim; our operational mine with the second largest alluvial platinum reserve in the world. The video was filmed over the course of a day on 16th May 2018 and details the entire mining process from extraction at open pit, washing of gravels, collection of platinum bearing sands and gravels from a sluice, and upgrade at the on-site laboratory to raw platinum product.
The video can be viewed on the company's website through the following link
https://www.eurasiamining.co.uk/operations/west-kytlim
And on the company's Vimeo channel at;
Vimeo.com/user71951711
Investors are invited to view the Company's Twitter feed @eurasiamining where links to the Company announcements will be provided.
Enquiries:
Eurasia Mining PLC Christian Schaffalitzky / Keith Byrne
| Tel: +44 (0)207 932 0418 |
WH Ireland Limited (Nominated Adviser & Broker) Katy Mitchell / James Sinclair-Ford
| Tel: +44 (0)161 832 2174
|
First Equity Limited (Joint Broker) | Tel: +44 (0)20 7374 2212 |
Jason Robertson |
|
About Eurasia Mining PLC (LSE: EUA)
Eurasia Mining is a long-established platinum and gold focused production and exploration company quoted on the London Stock Exchange AIM market, with an operating mine in the Ural Mountains and a USD$2 billion dollar valued in-situ multi-commodity deposit at Monchetundra. In addition, Eurasia maintain an interest in the Semonovsky Gold in Mine Tailings Project, an asset demonstrating potentially low-cost new-term gold production potential.
Eurasia's two core projects are:
The West Kytlim operating mine (of which the Company owns 68%), which is the second largest alluvial platinum reserve in the world currently, with 2,283 kilograms of raw platinum in reserves, with resources and resource potential to a further 10 tonnes of raw platinum;
The Monchetundra Project (of which the Company owns 80%), has state approved reserves and resources of 2 million ounces of palladium equivalent (predominantly palladium, and includes 28,124 tonnes of copper and 30,410 tonnes of nickel), resulting in a total in-situ metal value of approximately USD$2 billion, before metal recoveries and all costs. Eurasia has in place (signed October 2016) an EPCF (Engineering Procurement Construction and Financing) contract with Sinosteel, a state owned Chinese corporation focused on mining.