- Eurasia Mining said the Russian Ministry of Defence had approved its Monchetundra Flanks application, though final approval was still awaited from regional licencing body SevZapNedra.

Military approval was 'an important step' to obtaining the licence, the company said.

'Eurasia is happy to confirm that the Flanks application process is progressing as planned and we expect to receive the respective licence in due course,' it added.

At 1:37pm: [LON:EUA] Eurasia Mining PLC share price was +0.3p at 2.68p

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