Eurasia Mining Sees First Platinum Concentrate at West Kytlim Share

Eurasia Mining (LON:EUA) announced its first platinum concentrate from the West Kytlim alluvial platinum project in Russia.
According to the news story:

A batch of raw concentrate is now ready to be shipped to the Ekaterinburg non-ferrous metals processing plant in line with the refining contract signed in July.
Last Thursday, the firm said mining had started, with three blocks cleared of vegetation and an on-site laboratory ready, with all the main equipment in place, including a concentrating table.
Gravel washing has now been adjourned while a new water supply using steel piping is installed, which will be completed early next week.
Mining continues and gravels are being stockpiled adjacent to the plant ready for washing, Eurasia said today.
Eurasia will be required to deliver concentrates to Ekaterinburg at greater than 60% platinum to be delivered in batches of not less than 500g.
Platinum refining will cost 2.75%, payable by Eurasia, while gold refining costs will be 5.5%. Other metals such as iridium, palladium and rhodium will be recovered but are not expected to materially affect project economics.
The exact quantity of pure platinum will vary with each batch but is expected to be in line with similar products from other Uralian Mines and range between 70 and 75% pure platinum.

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