Business
West Kytlim Operation Update and AIX Progress
West Kytlim Operation Update and AIX Progress.
About this update from Eurasia Mining Plc
[{"type":"text","content":"\n\n28 July 2025\nEurasia Mining plc\nWest Kytlim Operation Update and AIX Progress\nEurasia Mining PLC (\"Eurasia\" or the \"Company\"), the iridium, osmium, palladium, platinum, rhodium, ruthenium and gold mining company is pleased to announce an update on West Kytlim operations.\nHighlights:\n· West Kytlim is the world's largest soft-rock PGM mine with associated gold.\n· It is the largest in terms of reserves and resources as well as the largest in terms of production volumes since 2022, when the mine was put into industrial-scale production.\n· West Kytlim operations consist of 12 mining assets, five of which have been successfully launched into commercial production.\n· High precious metals grade in the concentrate produced at the mine is above 80%.\n· It is the lowest cost PGM operation on the global scale with All-In Sustaining Cost (AISC) targeting the range of $300-400 per troy oz.\nHighlights of key factors for low cost:\n· Open-pit mining does not require drilling or blasting operations, which typically account for 1/3 of the total cost. This absence of the need to drill and blast means that West Kytlim's cost is 1.5x lower with all the other factors being equal.\n· Stripping ratio is as low as 3x on average.\n· Transition of production to electricity has been completed: power lines and substations, electric dragline and enrichment plants shift from diesel generators to electricity.\n· Recruitment of employees in single-industry towns without the need to pay 'northern' and 'polar' bonuses due to favourable geographical location in the Urals.\n· Optimisation of logistics and reduction of transportation distances.\n· Significant capacity increase in 2025 with economies of scale driving the per unit cost lower.\nHighlights of capacity increases in 2025:\n· To execute on our Russian-exit strategy, the licences must be maintained in good standing, and the West Kytlim licence agreement requires a significant increase in volumes.\n· A professional team with backgrounds in Rusal, Norilsk Nickel, UMMC (UGMK) and other large companies was engaged to execute on the increase and subsequent exit.\n·&...