Eurasia Mining has announced the acceptance of its first batch of concentrate at the Ekaterinburg non-ferrous metals processing plant.
The concentrate was weighed on entry to the plant as 574.18 grams of raw platinum concentrate.
Under the terms of Eurasia's agreement with EZOCM, the refinery will now separate pure platinum and gold from waste (mostly iron) in the concentrate. The refined metals are then sold to the refinery.
Managing director Christian Schaffalitzky said: "This acceptance receipt represents the first step on a long road through development at the West Kytlim project. We now look forward to steady state production from the mine site once a necessary upgrade to our water supply system is completed. We appreciate our stakeholders' patience and salute the hard work and diligence of our co-workers and colleagues in Ekaterinburg and at the mine site."
At 2:38pm: (LON:EUA) Eurasia Mining PLC share price was 0p at 0.65p