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(Sharecast News) - Eurasia Mining said on Monday that it is progressing key operational developments, including the sale of its West Kytlim asset and advancement of design work at its Monchetundra project.
The AIM-traded firm said it was continuing to work with relevant parties to complete both the West Kytlim transaction and the detailed design for Monchetundra, as previously announced in December, adding that both processes were expected to proceed as planned.
At its NKT project, Eurasia said work was ongoing on a feasibility study aimed at supporting a mining licence application and enabling integration with the adjacent Monchetundra development.
"The company is satisfied with the progression of both the West Kytlim sale, the Monchetundra design completion project and ongoing work at NKT as of today," said executive chairman Christian Schaffalitzky.
"We are working with the necessary personnel to ensure the company continues on this path, and we are looking forward to communicating with the market about the next steps for Eurasia Mining."
The group said it would provide further updates as developments progressed.
At 1346 BST, shares in Eurasia Mining were down 0.33% at 2.99p.
Reporting by Josh White for Sharecast.com.
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