Last checked at 15 Jun 2017 12:02
Eurasia Mining plc (AIM: EUA)
("Eurasia" or the "Company")
Discovery Certificate application for Monchetundra Reserves officially submitted.
Further to the Company's announcement regarding state approval of Reserves and Resources at the Monchetundra palladium and platinum project (see RNS 31 May 2017), Eurasia is pleased to announce that a Discovery Certificate application has officially been lodged at Rosnedra. This certificate assigns mining rights for the associated Reserves to the holder.
This discovery certificate application is made regarding all Reserves and Resources which received approval at the Russian State Agency for Subsoil use ('Rosnedra').
As previously announced, global approved Reserves and Resources within the Monchetundra Project comprise Russian standard C1 and C2 categories of 55.9 tonnes ("t") (1.9 million ounces) palladium equivalent (palladium and platinum) with major additional gold and base metal credits, at two open pittable locations. The full Reserves and Resource Statement is set out in the announcement dated 31 May 2017.
In addition, Eurasia will be presenting at a Shares Magazine Investor evening on Wednesday 21 June 2017, at Novotel Tower Bridge, London EC3N 2NR. Interested parties may register for the event at the below website;
https://www.sharesmagazine.co.uk/events/event/shares-investor-evening-london-210617
This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
Enquiries:
Eurasia Mining Plc
Christian Schaffalitzky/Michael de Villiers
+44 (0)207 932 0418
WH Ireland Limited
Katy Mitchell/James Sinclair-Ford
+44 (0)161 832 2174
Beaufort Securities
Elliot Hance
+44 (0)207 382 8300
Blytheweigh
Tim Blythe/Camilla Horsfall
+44 (0)207 138 3204
Notes to Editors
Eurasia Mining Plc is a Platinum Group Minerals ("PGM") production, development and exploration company with an exciting portfolio of assets in Russia. It commenced its first full season (May until late October) of production from its West Kytlim mine this year. It is also continuing to develop its asset portfolio, with the Monchetundra project now at Mining Licence application stage.