Caijiaying Project

INTRODUCTION

The Caijiaying Mine is an operating zinc, gold, silver, and lead mine, together with processing plant, camp and supporting facilities, located approximately 250 kilometres by road, north-west of Beijing in the Hebei Province of the PRC. The Caijiaying Mine is easily accessible by freeway from Beijing. The site has significant water supplies, two 35,000 volt power lines connected to the electricity grid, full connectivity to fixed and mobile telecommunications systems and broadband access for internet services. It is 63 kilometres from Chongli, the location of the outdoor events of the 2022 Winter Olympic and Paralympic Games, connected via a high speed train link with Beijing.

Griffin has held an interest in Hebei Hua Ao since 1997 having financed and managed the development of the Caijiaying Mine from initial exploration to the extraction and processing of the equivalent of 1.5 million tonnes of ore per annum to produce primarily zinc but also gold, silver, and lead in concentrate.