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MOSCOW - Eurasia Mining PLC announced significant capacity expansions at its West Kytlim platinum group metals (PGM) and gold mining operation, according to a company press release issued Monday.
The company reported that six wholly-owned enrichment plants have been launched to full commercial scale production, doubling the previously installed enrichment capacity. Eurasia Mining has also expanded its equipment fleet with seven heavy 39-ton Chinese FAW trucks, three heavy Chinese Lonking excavators, and a South Korean Shantui bulldozer.
The company stated that West Kytlim operations now utilize six enrichment plants, 15 excavators, seven bulldozers, and 18 dump trucks. Additional infrastructure improvements include repair units, storage facilities, a telecom tower providing internet coverage across the license area, and satellite location sensors on equipment.
According to the press release, by July 1, 2025, the total advanced stripping volumes reached approximately four million cubic meters, which the company claims is twice the previous peak annual stripping volume achieved historically at the mine.
Eurasia Mining reported that about 0.5 million cubic meters of sand have been processed to date by the six processing plants, which it states equals the peak annual volume achieved historically at the mine.
The company described West Kytlim as a soft-rock PGM mine with associated gold, noting that the operation has an All-In Sustaining Cost (AISC) targeting the range of $300-400 per troy ounce.
Executive Chairman Christian Schaffalitzky stated that the expansion allows "both the maintenance of the licence and the improvement of the project to achieve our Russia exit strategy."
The company also mentioned its recent dual-listing in Astana, where it is working on changing the trading currency from GBP to facilitate BRICS investors.
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