REG - Griffin Mining Ld - APPROVAL OF CAIJIAYING ZONE II MINE PLAN

Griffin MiningAnnouncement

06/03/2023 07:00

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RNS Number : 9149R  Griffin Mining Ld  06 March 2023

 

8th Floor, Royal Trust House, 54-56 Jermyn Street, London. SW1Y 6LX, United Kingdom
Telephone: + 44 (0)20 7629 7772  Facsimile:  + 44 (0)20 7629 7773

E mail: griffin@griffinmining.com (mailto:griffin@griffinmining.com)

 

 

Approval of Caijiaying Zone II Mine Plan

 

6(th) March 2023

 

Griffin Mining Limited ("Griffin" or the "Company") is pleased to announce the
approval, by the Hebei Provincial Emergency Response Bureau, of the Mine
Design for Zone II of the Caijiaying Mine, including the expansion of the
production throughput rate.

 

The infrastructure included in this design will be in operation for the
duration of the mine life at the Caijiaying Mine. Based on the known published
mineral resources as classified by JORC, Zone II will be in production for
over 25 years and contribute 23.98 million tonnes of ore, being 59.3% of the
projected total ore to be produced on the current life of mine plan for the
Caijiaying Mine. Construction at Zone II will commence immediately with
horizontal underground development having already begun.

 

 

Chairman Mladen Ninkov commented, "As has been the case throughout the history
of the Company and the Caijiaying Mine, the Company has continued to
successfully navigate the Chinese regulatory environment to obtain all the
necessary approvals and licences to allow the Company to thrive and expand.
Congratulations to all those who contributed so tirelessly to this success."

 

 

About Griffin Mining Limited

 

Griffin Mining Limited's shares are quoted on the Alternative Investment
Market (AIM) of the London Stock Exchange (symbol GFM). Griffin Mining Limited
owns and operates through its 88.8% owned Joint Venture in China  the
Caijiaying Zinc Gold Mine, a profitable mine producing zinc, gold, silver, and
lead metals in concentrates. For more information, please visit the Company's
website griffinmining.com.

Further information

 

Griffin Mining Limited

Mladen Ninkov -
Chairman
Telephone: +44(0)20 7629 7772

Roger Goodwin - Finance Director

 

Panmure Gordon (UK)
Limited
Telephone: +44 (0)20 7886 2500

             John Prior

             Dougie McLeod

 

Berenberg
 
Telephone: +44(0)20 3207 7800

              Matthew Armitt

Jennifer Wyllie

Deltir Elezi

 

BlytheRay

                Tim
Blythe
Telephone: +44(0)20 7138 3205

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic
law by virtue of the European Union (Withdrawal) Act 2018

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