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2.70    0.20 (8.00%)
Bid:
2.60
Ask:
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Spread: 0.20 (7.692%)
Market Cap: £79.69m
EUA Live PriceLast checked at - London Stock Exchange

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Communications Update

24 May 2018 14:15

RNS Number : 2264P
Eurasia Mining PLC
24 May 2018
 

 

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

 

Twitter

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.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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