Mining Licence Update

RNS Number : 8716K

Eurasia Mining PLC

21 April 2015

 



Eurasia Mining Plc

("Eurasia" or the "Company")

Mining Licence Update

Eurasia Mining, the platinum explorer and resource development company operating in Russia, is pleased to provide an update in respect of the Company's Mining Licence application for the West Kytlim alluvial platinum mining project.

As announced on the 18^th March 2015, Rosnedra complied with the terms and conditions in respect of the Eurasia Mining Licence application and the Licence documentation was then sent to the Ministry of Economic Development (MED) for their consideration and an appropriate response within 30 days.

Feedback has now been received within the 30 day response period and  Rosnedra has been asked to supply certain additional information to enable the MED to complete their work.

The information requested is specifically underlying original paper documents to validate items within the initial submission by Rosnedra to the MED.  All original documentation has now been supplied by  Rosnedra, as requested.

Christian Schaffalitzky, CEO of Eurasia Mining said: "We would like to thank Rosnedra and the MED for their review work and response within 30 days and look forward to further feedback from the MED.

In line with the progression of our Mining Licence through the final stages of the standard application process we are gearing up our preparedness so we can execute swiftly on our operational plans, implementation of which naturally remains subject to receipt of final approvals from the authorities.

We are increasingly enthused at the prospect of first Platinum production at West Kytlim, with the economic benefits that will bring locally in the West Kytlim area and for shareholders of Eurasia Mining."

ENDS

Enquiries:

Eurasia Mining Plc

Christian Schaffalitzky/Michael de Villiers

[phone]

WH Ireland

Katy Mitchell

[phone]

Beaufort Securities

Elliot Hance

[phone]

 

END

 

 

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