Russia focused mining outfit Eurasia has been given the greenlight over its Monchetundra Project.
The business, who extract platinum group metals (PGMs) and gold, announced yesterday that a feasibility study submitted late last year in regard to the Kola Peninsula has now been approved.
The 2016 study described the economic extraction of reserves identified at two open pit targets on Eurasia’s 80% owned Monchetundra License.
Two open pittable targets were identified at Loipishnune and at West Nittis occurring approximately two kilometers apart.
The State Commission on Mineral Reserves is now to send the final decision notice to the firm.
Recommended for you
