Business
West Kytlim Flanks License Received
West Kytlim Flanks License Received.
About this update from Eurasia Mining Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4510S\n Eurasia Mining PLC\n 16 November 2021\n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.\n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN REGULATION NO. 596/2014 (AS IT FORMS PART OF RETAINED EU LAW AS DEFINED IN THE EUROPEAN UNION (WITHDRAWAL) ACT 2018) AND IS IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 7 OF THAT REGULATION.\n \n \n \n \n \n \n \n \n 16 November 2021\n \n \n \n \n \n \n \n \n Eurasia Mining Plc\n \n \n \n \n \n West Kytlim Flanks License Received\n \n \n \n \n \n Eurasia Mining Plc (\"Eurasia\" or the \"Company\"), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce that an additional exploration license has been granted at its West Kytlim project (the \"Flanks License\"). The Company applied for this license area in 2019 and the grant was expected. \n \n \n \n \n \n Summary Highlights:\n \n \n \n \n \n · \n The area of the Flanks License is adjacent to our current mining license and is largely intersecting with (as well as extending beyond) the initial exploration license that Eurasia owned via its former joint venture with Anglo American Platinum (\"Anglo JV\").\n \n \n \n \n \n · \n Thus, the Flanks License area is largely known to Eurasia via the exploration work undertaken within the Anglo JV.\n \n \n \n \n \n · \n The Flanks License is aimed at increasing the resource available and potentially extending the life of mine at Eurasia's West Kytlim project, where 2 additional plants have been launched this year (in addition to 1 plant operating in the previous years).\n \n \n \n \n \n · \n This additional license area is to ensure long term resource for further scale ups of production, including the electrically powered draglines aimed to further improve our operational efficiency and our ESG credentials.\n \n \n \n \n \n \n \n \n Christian Schaffalitzky, Executive Chairman of Eurasia commented: \n \n \"\n \n \n The Directors are delighted that we continue expanding our presence in the Urals beyond our current mining li...