Category: Uncategorised

RECORD SECOND QUARTER THROUGHPUT & ZINC PRODUCTION

To view the full statement, please click here.

NOTICE OF ANNUAL GENERAL MEETING

To read the full notice, please click here.

THIRD QUARTER PRODUCTION, RECOMMENCEMENT OF OPERATIONS AT THE CAIJIAYING MINE

Third Quarter Production

 Recommencement of Operations at the Caijiaying Mine

 24^th October 2022

Griffin Mining Limited (“Griffin” or the “Company”) is pleased to announce its production results for the three months to the 30^thSeptember 2022. These results were achieved despite the enforced suspension in operations at the Caijiaying Mine from 23^rdSeptember 2022, as announced on 20^th 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 23^rd 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 26^thOctober 2022. It is anticipated that operations will commence, as previously announced, on the 1^st 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                 Telephone: +44(0)20 7629 7772

    Mladen Ninkov – Chairman

    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                 Telephone: +44(0)20 7138 3205

    Tim Blythe

Swiss Resource Capital AG                   Telephone: +41 (0)71 354 8501

First Quarter Production

First Quarter Production

19^th  April 2022

Griffin Mining Limited (“Griffin” or the “Company”) hereby announces the production results for the three months to 31^st March 2022.

Overview

As announced on the 18^th March 2022, following the enforced suspension of all operations at the Caijiaying Mine for the Chinese Lunar New Year holiday celebrations, the Winter Olympics and the subsequent Winter Paralympics, mining recommenced on the 23^rd March and processing on the 25^th March 2022.

Since the recommencement of operations, mining and processing rates have steadily increased. Despite Covid-19 restrictions remaining in force throughout China, operational supplies and services continue to be delivered to the Caijiaying Mine. Since the end of the first quarter of 2022, 4,000 tonnes of zinc concentrate have already been sold.

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                    Telephone: +44(0)20 7629 7772

Mladen Ninkov – Chairman

Roger Goodwin – Finance Director

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

John Prior

Ailisa MacMaster

Berenberg                     Telephone: +44(0)20 3207 7800

Matthew Armitt

Jennifer Wyllie

Deltir Elezi

BlytheRay                            Telephone: +44(0)20 7138 3205

Tim Blythe

Swiss Resource Capital AG                      Telephone: +41 (0)71 354 8501

Jochen Staiger

Annual General Meeting

Annual General Meeting

 11^th APRIL 2022

Notice of the Annual General Meeting of Griffin Mining Ltd (“the Company”) to be held at Level 9, BGC Centre, 28 The Esplanade, Perth. WA 6000, West Australia on Thursday 5^th May 2022 at 4.00 pm local time (9.00 am BST), has been sent to shareholders and is available, on the Company’s web site www.griffinmining.com.

Further information

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 in China, through its 88.8% owned Joint Venture stock company, 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 www.griffinmining.com.

Griffin Mining Limited                  Telephone: +44(0)20 7629 7772

Mladen Ninkov – Chairman

Roger Goodwin – Finance Director

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

John Prior

Ailisa MacMaster

Berenberg                Telephone: +44(0)20 3207 7800

Matthew Armitt

Jennifer Wyllie

Deltir Elezi

BlytheRay               Telephone: +44(0)20 7138 3205

Tim Blythe

Swiss Resource Capital AG               Telephone: +41 (0)71 354 8501

Jochen Staiger

Annual general meeting

Annual General Meeting

Proposed Change of Directors

 Extension of Share Purchase Options

1^st April 2022

Annual General Meeting

Griffin Mining Limited (“the Company”) announces that the 2021 Annual General Meeting (”AGM”), delayed by the impact of Covid 19, will be held at Level 9, BGC Centre, 28 The Esplanade, Perth, West Australia on Thursday 5^th May 2022 at 4.00 pm local time (9.00 am GMT). Formal notice of the meeting will be sent to shareholders shortly.

Change of Directors

Dal Brynelsen

Mr Dal Brynelsen has requested that he be allowed to retire as a director of the Company and he will not seek re-election at the AGM. As a long serving, founding director of the Company, Mr Brynelsen has been instrumental in the drive, political and technical issues which have found, developed and operated the Caijiaying Mine and propelled the success of the Company. With his reputation unmatched, he remains a giant of the mining industry and his presence and enthusiasm at the holding company level cannot be replaced.

As such, the Company is delighted to confirm that Mr Brynelsen has acquiesced to remain a director of the Company’s operating subsidiary in China, Hebei Hua Ao Mining Industry Company Limited, so the Company can continue to benefit from his mining expertise and his wealth of knowledge on operations, logistics and local issues in China.

New Directors

At the forthcoming AGM it has been proposed by the Company’s major shareholders, holding over 50% of the outstanding shares in the Company, that Ms Linda Naylor and Mr Dean Moore be elected Independent Non- Executive Directors of the Company.

Ms Naylor is a graduate of the London School of Economics and a Fellow of the Institute of Chartered Accountants in England & Wales.  A former partner in Grant Thornton UK LLP, her experience has been gained over more than twenty years working as a Nominated Adviser in the Capital Markets team and as an Audit Partner specialising in the natural resource sector.  She was Chair of the Audit Committee whilst a Governor of Portsmouth University. As Finance Director of AIM listed Chaarat Gold Holdings Limited from 2009 to 2018, she worked as part of a small executive team. Her responsibilities encompassed financial reporting, investor relations and fund raising as that company transitioned from gold explorer to developer in the Kyrgyz Republic.

Mr Dean Moore is a Fellow of the Institute of Chartered Accountants in England & Wales with extensive public company experience having previously been Chief Financial Officer at Cineworld Group plc, N Brown Group plc, T&S Stores plc and Graham Group plc and formerly non-executive Chairman of Tuxedo Money Solutions Limited. He is currently a Director and Interim Chief Financial Officer of Dignity plc and an independent non-executive director and Chairman of the Remuneration Committee at Cineworld Group plc and Audit Committee Chairman and Senior Independent Director of Volex plc.

Extension of Share Purchase Options.

With the unanimous agreement of all the issued option holders, the exercise periods of share purchase options have been extended from 31^st December 2022 to the 31^st December 2023, over:

1. 4,558,333 new ordinary shares, all of which have vested, exercisable at 40 pence per new ordinary share; and
2. 15,667,200 new ordinary shares, all of which have vested, exercisable at 30 pence per new ordinary share.

This recognises the impact and delays in the development of the Company’s assets caused by the Covid 19 pandemic and will prevent the need, in the short-term, for the majority of the option holders, once exercising their options, to sell a significant portion of the resulting shares to meet the associated subscription costs and personal income tax liabilities imposed on such exercise.

Within the above, the following persons discharging management responsibility have agreed to the extension of options in which they have an interest.

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 in China, through its 88.8% owned Joint Venture stock company, 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 www.griffinmining.com.

Further information

 Griffin Mining Limited                          Telephone: +44(0)20 7629 7772

Mladen Ninkov – Chairman

Roger Goodwin – Finance Director

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

John Prior

Ailisa MacMaster

Berenberg                              Telephone: +44(0)20 3207 7800

Matthew Armitt

Jennifer Wyllie

Deltir Elezi

BlytheRay                            Telephone: +44(0)20 7138 3205

Tim Blythe

Swiss Resource Capital AG                       Telephone: +41(0)71 354 8501

Jochen Staiger

Chinese New Year and Winter Olympic & Paralympic Games Shut Down

Chinese New Year and Winter Olympic & Paralympic Games Shut Down

 31^st December 2021

Griffin Mining Limited (“Griffin” or the “Company”) announces, in accordance with the previous announcement made on the 5^thOctober 2021, that mining and milling operations ceased on the night shift last night and, as is customary practice for the Caijiaying Mine, mining operations will remain closed during the Chinese New Year holiday period with the cessation extended into the first quarter of 2022 due to the Winter Olympic and Paralympic Games and re-open on the 14^th March 2022.

Chairman Mladen Ninkov commented, “As forewarned in October of this year, the mining and milling operations will remain closed for the Chinese New Year holiday period, the Winter Olympic Games and Paralympic Games and re-open on the 14^thMarch 2022. This will, obviously, cause a bleak financial first quarter for the Company in 2022. However, we remain grateful to the various levels of government in the People’s Republic of China in allowing the Company to operate in the lead up period to this high profile and joyous event and acknowledge the tremendous achievement in Beijing becoming the first city in history to have hosted both the summer and winter Olympic Games. We wish the games every 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 giffinmining.com.

Further information

Griffin Mining Limited

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

Roger Goodwin – Finance Director

Panmure Gordon (UK) Limited

John Prior                                Telephone: +44 (0)20 7886 2500

Alisa MacMaster

Berenberg

Matthew Armitt                     Telephone: +44(0)20 3207 7800

Jennifer Wyllie

Deltir Elezi

Blytheweigh

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

Swiss Resource Capital AG

78.5% INCREASE IN MINERAL RESOURCE FOR ZONE III

To see the full detail of the announcement of the 78.5% increase in the mineral resource for Zone III with 2.051 million tonnes of zinc metal (from 1.244 million tonnes), 885,000 ounces of gold (from 574,000 ounces), 33.6 million ounces of silver (from 20 million ounces ) and $7.8 billion metal in situ in Zone III please click here.

Extension of Share Purchase Options

To see the full detail of the Notification of Extension of Share Purchase Options please click here.

Notifiable Shareholdings

To see the full detail of the Notification of a Major Shareholding please click  here.