Monthly Archives :

December 2020

GRANTING OF ZONE III PFA — 27% INCREASE IN CAIJIAYING PRODUCTION PROFILE

Granting of Zone III PFA

 27% Increase in Caijiaying Production Profile

 29th December 2020

 

Griffin Mining Limited (“Griffin” or the “Company”) is very pleased to announce that following 2 years of capital development and the installation of relevant underground services, the Chinese Safety Bureau has granted the 3rd Stage Zone III Project Final Acceptance Permit (“PFA”). This significant milestone extends the underground mineable ore zone at the Caijiaying Mine from the current 1175mRL down to the 1000mRL. This will enable the underground operations in Zone III to profitably extract 1.1 million tonnes of Zinc-Gold ore per annum beginning 2021 compared to the 820,000 tonnes of ore expected to be mined in 2020. This represents a 27% increase in mineable ore production per annum.

Chairman Mladen Ninkov said “The successful securing of the 3rd Stage Zone III PFA is a quantum step  achievement for the Company as it provides a solid production foundation on which the Caijiaying Mine can sustainably continue to increase the Zinc-Gold ore production profile to its already completed 1.5mtpa processing facilities. We now await the granting of the new Zone II mining licence to increase the production profile even further and fulfil the promise recognized by the shareholders by the Company’s initial discovery at Caijiaying.”

 

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

Berenberg

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

Jennifer Wyllie

Deltir Elezi

 

 

Annual General Meeting

Annual General Meeting

 17th December 2020 

 

The Board of Griffin Mining Ltd (“the Company”) is pleased to announce that all the resolutions put to the shareholders of the Company at the Annual General Meeting held today were duly passed.

 

 

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

Dominic Morley

 

Berenberg                                                                 Telephone: +44(0)20 3207 7800

Matthew Armitt

Jennifer Wyllie

Deltir Elezi

EXERCISE OF OPTIONS

EXERCISE OF OPTIONS

8th December 2020

 

Griffin Mining Ltd (“the Company”) announces that the Company has been notified on 2nd December 2019 of the exercise of options (“the Options”) over 40,000 new ordinary shares in the Company granted in February 2015 at an exercise price of 30p per share and consequent receipt of £12,000.

The Options have been exercised, and the new Ordinary shares are being issued to an ex-employee who is not a Person Discharging Management Responsibilities (“PDMR”).

Following the exercise of the Options there will be 172,826,228 Ordinary Shares in the Company in issue. 540,000 Ordinary Shares are held in treasury.

Application will be made to the London Stock Exchange for 40,000 new ordinary shares to be admitted to trading on AIM. These new ordinary shares will rank pari passu in all respects with the existing ordinary shares. It is expected that admission will become effective on 11th December 2020.

 

 

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

Dominic Morley

BERENBERG                                               Telephone: +44(0)20 3207 7800

Matthew Armitt

Jennifer Wyllie

Deltic Elezi

 

Annual General Meeting

Annual General Meeting

 2nd December 2020

 

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 17th December 2020 at 4.00 pm local time (8.00 am GMT), has been sent to shareholders and is available, on the Company’s web site 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