Business
West Kytlim Mining operation update - July 2016
West Kytlim Mining operation update - July 2016.
About this update from Eurasia Mining Plc
[{"type":"text","content":"\n \nRNS Number : 3145F Eurasia Mining PLC 27 July 2016 \n\n \nEurasia Mining plc (AIM: EUA)\n \n(\"Eurasia\" or the \"Company\")\n \nWest Kytlim Mining operation update - July 2016\n \nEurasia Mining plc, the PGM and gold mining company, is pleased to update on developments at its West Kytlim platinum and gold mine. As reported on 21 June 2016, machinery and personnel from both Eurasia and its contractor SK Region-Stroy (\"SKRS\") are working at the site building necessary infrastructure and preparing open pits for mining. Work remains on schedule with the first black sand platinum and gold bearing concentrates planned for shipment for refining by mid -August 2016.\n \nHighlights:\n- Machinery including two excavators, two bulldozers, three dump trucks and one loader are being operated on a shift rota;\n- Water pond to manage processing water now fully excavated;\n- Work is continuing on a trench to protect the open pit from water ingress;\n- Southern end of tailings dump retaining wall now complete, work continues at the northern end;\n- Some washplant components including conveyer belts and parts of the sluices have arrived, other components due;\n- Construction has commenced on the field laboratory which will upgrade concentrates ahead of shipping for refining. \n \nFurther detail\n \nExcellent progress has been made by the team onsite at the West Kytlim Project in the five weeks since commencing the operation. The preparatory work necessary to organise a safe, effective and environmentally sound work site to mine an alluvial orebody is now well advanced. As described previously, (see RNS's date 25 May 2016 And 21 June 1016), the current phase of operations is a start-up operation utilising diesel powered machinery to produce near and at surface ore bodies in the area known as Malaya Sosnovka. Significant capital expansion to include draglines operating on mains grid power is planned for year 2 and for the projected ten-year life of mine.\n \n Once preparatory work has been completed the focus will immediately shift to production from the 5 defined reserve...