Griffin Mining Limited (“Griffin” or “the Company”) is very pleased to announce that the Chinese Ministry of Land and Resources (“MLR”) has granted a new mining licence to Griffin’s subsidiary, the Hebei Hua Ao Mining Industry Company Ltd (“Hua Ao”), to mine below the 1300 level at its Caijiaying zinc-gold mine in the People’s Republic of China. The mining licence runs for a period of 16 years until January, 2026.
Griffin’s Chairman, Mladen Ninkov, commented: “Although a long time in the coming, the issue of the new mining licence at Caijiaying is very welcome as it allows the mining of Caijiaying to be guaranteed for the currently known mine life at zone III at a production level optimized by the Company. This is extraordinarily good news for all the shareholders of the Company. I congratulate all the Chinese and ex-pat staff who made this milestone possible.”