Communicators

24th October 2022, Griffin Mining Limited ("Griffin" or the "Company" - https://www.commodity-tv.com/ondemand/companies/profil/griffin-mining-ltd/ ) is pleased to announce its production results for the three months to the 30th September 2022. These results were achieved despite the enforced suspension in operations at the Caijiaying Mine from 23rd September 2022, as announced on 20th September 2022, due to the Plenary Session of the Communist Party Central Committee and the Chinese Communist Party’s 20th Party Congress.

Overview

Mining and processing were maintained at the equivalent annualised rate of over 1.3 million tonnes of ore per annum, all extracted from Zone III, up until the suspension in operations from 23rd September 2022

Recommencement of Operations at the Caijiaying Mine.

The relevant Chinese authorities have advised the Company that operations at the Caijiaying Mine may resume on the 26th October 2022. It is anticipated that operations will commence, as previously announced, on the 1st November 2022 once government restrictions have been fully eased and explosives received.

Chairman Mladen Ninkov commented, “Despite being suspended for a quarter of the month of September, the Caijiaying Mine continues to show its resilience and produce excellent results when extrapolated on an annualised basis. We all look forward to the re-start of operations and a clear run of production through the remainder of 2022 and 2023.  Congratulations to all involved in achieving these results and the care and maintenance of the Caijiaying Mine during the closed period.”

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   

Roger Goodwin – Finance Director

Telephone: +44(0)20 7629 7772

Panmure Gordon (UK) Limited   

John Prior

Dougie McLeod

Telephone: +44 (0)20 7886 2500

Berenberg

Telephone: +44(0)20 3207 7800

Matthew Armitt

Jennifer Wyllie

Deltir Elezi

BlytheRay

Tim Blythe     

Telephone: +44(0)20 7138 3205

Swiss Resource Capital AG

Jochen Staiger     

Telephone: +41 (0)71 354 8501

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014