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Eurasia submits Monchetundra licence application

By BFN News | 01:54 PM | Tuesday 05 December, 2017


Eurasia Mining has confirmed that the Monchetundra project mining license application has been completed and submitted for approval. In addition, the Eurasia team is continuing to mine at West Kytlim, with final closure for the 2017 season imminent. Furthermore, new exploration license applications has been made adjacent West Kytlim mining license. Christian Schaffalitzky, Executive Chairman at Eurasia, commented: "We are very pleased to have submitted the Monchetundra mining license application, our second application in just over three years. "We are hopeful for a reasonable processing time and have the in-house knowledge and experience to make the process as smooth as is possible. "We look forward to updating on the application's progress in due course. Meanwhile we continue to make progress at our West Kytlim Mine which is expected to temporarily close for the winter season, as usual, before the end of the month. "Production volumes are considerably less than anticipated due to continued optimisations and modifications required to the machinery on-site. "We are actively working on new commercial arrangements to upscale the operation for the 2018 mining season." At 1:54pm: (LON:EUA) Eurasia Mining PLC share price was +0.05p at 0.35p Story provided by StockMarketWire.com

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