Business
West Kytlim Project Update
West Kytlim Project Update.
About this update from Eurasia Mining Plc
[{"type":"text","content":"\n \nRNS Number : 3864Q Eurasia Mining PLC 29 February 2016 \n\nEurasia Mining PLC\nRNS Number : \nEurasia Mining PLC\nFebruary 2016\n \nEurasia Mining plc (AIM: EUA)\n \n(\"Eurasia\" or the \"Company\")\n \nWest Kytlim Project update\nFurther to our project update in late January 2016, Eurasia Mining plc, the Russia focused PGM exploration and development company, is pleased to announce an update with regard to positive developments at our West Kytlim Project.\nHighlights:\n- The Technical Design Report for the diesel operation at Malaya Sosnovka has been submitted to the Ministry for Subsoil use. \n- Contractors assessing the route for the proposed power line to West Kytlim have finished all necessary field work including land surveying, ecological sampling and shallow geotechnical drilling.\n- The Company has now received the topographic survey from the contractors for the next area to be mined, the Kluchiki area. \n \nAs mentioned in previous press releases, Eurasia is developing a mine at its West Kytlim alluvial platinum project. The mining schedule requires a diesel powered start up phase targeting high grade reserves at surface in the Malaya Sosnovka area. The Technical Design Report mentioned above has been submitted to the relevant ministry for mine plan approval to be obtained prior to commencement of operations.\n \nSeparately, a mine plan is being developed to cover development of the entire licence area using mains electrical power, which is planned to be available after construction of a power line to site. We believe the main advantage for the use of grid electrical power is clear, as the price is estimated at 5 US$ cents per KWh. This compares with average industrial power costs in the UK of 13 US$ cents per KWh. A field assessment on the route of the power line has now been completed. \n \nWe believe the advantages of electrical power will become obvious as we move towards producing from more than one site, and with the commencement of the deployment of electrically powered dragline operations. Draglines can operate 12 months of the year and will be used for overburden removal and stockpiling of mineralized material for later processing. \n \nThe next area (within West K...