StockMarketWire.com - Eurasia Mining said it expected to be granted an additional exploration license at its West Kytlim open pit mine in Russia's Ural mountains.

The 71.1 square kilometre area was applied for under exclusive rights granted for new applications adjacent to existing mining licences.

Eurasia Mining said it had been 'officially informed' that it would get the licence.

The new area, referred to previously as the 'Flanks' or 'West Kytlim Flanks' was submitted for licensing in February 2018 and had been fully assessed by Uralnedra and all other relevant parties.

The Uralnedra resolution confirmed that an exploration license over the new ground would be issued to the company 'in due course' as a new exploration license, the company said.


At 2:35pm: [LON:EUA] Eurasia Mining PLC share price was -0.02p at 0.61p



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