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Eurasia update on West Kytlim project

By BFN News | 09:41 AM | Wednesday 27 January, 2016


Russia-focused Eurasia Mining has issued an update on positive developments at the West Kytlim project. In the latter half of 2015 Eurasia secured all necessary approvals and received a production licence for platinum production at the West Kytlim project. Eurasia says it is delighted to confirm that production preparatory work has continued in recent months and the company remains on progress for first platinum production in 2016. It says: "Notwithstanding the pressures evident in the mineral exploration and development sector, we consider that the West Kytlim project is a low capital cost and high margin platinum production opportunity. The production is of alluvial platinum, gathered from river sands, washed and sent as a bagged black sand to a local refinery for Platinum smelting. As such we believe we will be able to generate revenues upon commencement of production, an event which will dramatically transform Eurasia Mining operationally and financially." At 9:41am: (LON:EUA) Eurasia Mining PLC share price was +0.19p at 0.7p Story provided by StockMarketWire.com

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