EURASIA MINING PLC
("Eurasia" or the "Company")
Advancement to production update
Eurasia, the platinum development company operating in Russia, is pleased to provide an update on receiving all the permits at West Kytlim alluvial platinum project in the Urals.
Further to the announcement of 29 February 2016, the Company can confirm it has received notice that RostekhNadzor (the Federal Service for Ecological, Technological and Nuclear Supervision) has approved the Technical Design Report and the mine plan. Accordingly, the Company confirms that the "mining allotment" certificate has been issued permitting the carrying out of mining works at Eurasia's first area of development at Malaya Sosnovka. With this formality all the approvals for mining have been obtained.
Christian Schaffalitzky, Managing Director, commented: "We are very pleased with the steady progress to production in our West Kytlim project. Mining is still targeted to commence this summer with our preparatory work still on schedule. We look forward to updating shareholders on a regular basis".
Enquiries:
Eurasia Mining Plc
Christian Schaffalitzky/Michael de Villiers
+44 (0)207 932 0418
WH Ireland Limited
Katy Mitchell/Liam Gribben
+44 (0)161 832 2174
Beaufort Securities
Elliot Hance
+44 (0)207 382 8300
