- Russia-focused Eurasia Mining said all of its active licence applications were progressing well.

For the Tipil licence at the West Kytlim project in the Urals, the company said geological data and historical mining information had been analysed by its geologists and compiled in a report supporting the application.

The application had been approved by the Russian federal bodies and required only a formal meeting of the local mines commission.

'The directors are pleased that all our applications including the Monchetundra flanks and West Kytlim Flanks applications are progressing well and on schedule,' chairman Christian Schaffalitzky said.

'And we look forward to the formal license issue, which is in line with our strategy to expand the production volumes at West Kytlim, to further increase our presence in the West Kytlim area and aim to grow the mine to strengthen our position as the largest alluvial operation globally.'

At 1:55pm: [LON:EUA] Eurasia Mining PLC share price was +0.35p at 2.83p

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