Eurasia Mining granted mining permits at West Kytlim
A "mining allotment" certificate has also been issued permitting work at Eurasia's first area of development at Malaya Sosnovka
Company
LON:EUA
Eurasia Mining PLC is an international mining and mineral exploration company, focussed on Russia. The company's stated objective is to produce and explore for platinum group metals (PGMs) and gold through self-funded own exploration targets and joint venture partnerships with strategic operators and local partners. Projects are subject to an initial evaluation for viability and once this is established further exploration work is carried out to feasibility study level. It is then the company's intention to either proceed to develop the project to production or partner the project with a suitable operator.
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A "mining allotment" certificate has also been issued permitting work at Eurasia's first area of development at Malaya Sosnovka
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Christian Schaffalitzky Eurasia’s managing director, said he was delighted with the operational progress.
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Eurasia has an exclusive right to a two-thirds interest in the Semenovsky tailings project
everything deleted from that database you use for dates before 1/1/2013
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Here are the Proactive Investors small cap news highlights for Tuesday November 3.
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"Formal award and receipt of the Mining Licence is a monumental step forward.”
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Below are the main news-driven share price movements at 4pm.
A mining licence was awarded for the West Kytlim alluvial deposit earlier this year and a detailed development plan is being prepared.
“The Kibo transaction gave us some working capital and we wanted to reinvest it quickly and efficiently."
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A summary of the days news from the Proactive universe
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The work will add reserves and resources to the project as part of a mining licence application.
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The company currently has investments in Kibo Mining (LON:KIBO), Eurasia Mining (LON:EUA) and Ariana Resources (LON:AAU).
Eurasia Mining (LON:EUA) said a review of financing options is underway as it looks to become a platinum producer at its West Kytlim project in Russia. The firm is waiting for a mining licence for the project with the last step awaited from