NEWS

ANNUAL GENERAL MEETING

Annual General Meeting

 5th May 2022

 

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.

Dean Moore and Linda Naylor have therefore been appointed directors of the Company.  Dal Brynelsen did not seek re-election as a director.  The shareholders and directors expressed their appreciation for Dal Brynelsen’ s long standing contribution to the Company who 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. Mr Brynelsen will 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.

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.

Linda 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.

Additional Information

In accordance with the AIM Rules, the following information required to be disclosed in relation to each of the directors is set out below. Other than this information, there is no further information required to be disclosed under Rule 17 and paragraph (g) of Schedule Two of the AIM Rules.

Dean Moore

Full name and age: Dean Roderick Moore, aged 64

Current directorships:

 

Dignity (2002) Limited

Dignity PLC

Thought Provoking Consulting Limited

Volex PLC

Cineworld Group PLC

Former directorships (previous five years): Tuxedo Money Solutions Limited
Ordinary Shares held in the Company: 100 Ordinary Shares held in the Company

 

Linda Naylor

Full name and age: Linda Naylor, aged 61 (Other/previous names: Linda Tipple, Linda Hayman)
Current directorships: Silver Birch Mews Management Limited
Former directorships (previous five years):

 

Chaarat Gold Holdings Limited

Zaav Holdings Limited

Ak-Shirak Holdings Limited

At-Bashi Holdings Limited

Chon-Tash Holdings Limited

Goldex Asia Holdings Limited

Chaarat Zaav CJSC

Chaarat Operating Company GmbH

Central Asia Services Limited

Ordinary Shares held in the Company: Linda Naylor has a beneficial interest in 20,000 Ordinary Shares in the Company (including 10,000 Ordinary Shares owned by Linda Naylor’s husband)

 

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

Dominic Morley

Berenberg                            Telephone: +44(0)20 3207 7800

Matthew Armitt

Jennifer Wyllie

Deltir Elezi

 

 

NOTICE OF ANNUAL GENERAL MEETING

NOTICE OF ANNUAL GENERAL MEETING

 

NOTICE IS HEREBY GIVEN that the thirty fourth Annual General Meeting of Griffin Mining Limited will be held at Level 9, BGC Centre, 28 The Esplanade, Perth. WA 6000, West Australia on Thursday 5th May 2022 at 4.00 pm local time (9.00 am BST) for the following purposes:

 

  1. To receive the Accounts for the year ended 31st December 2020 together with the Directors and Auditors Reports thereon.
  2. To determine the maximum number of Directors at seven for the forthcoming year and determine that any unfilled vacancies be deemed casual vacancies for the purposes of the Company’s bye-laws.
  3. To re-elect Mladen Ninkov as a director of the Company.
  4. To re-elect Roger Goodwin as a director of the Company.
  5. To elect Dean Moore as a director of the Company.
  6. To elect Linda Naylor as a director of the Company.
  7. To re-elect Adam Usdan as a director of the Company.
  8. To re-elect Clive Whiley as a director of the Company.
  9. To re-appoint PricewaterhouseCoopers LLP as Auditors and authorise the Directors to fix their remuneration.

 

BY ORDER OF THE BOARD

Roger Goodwin,

Finance Director and Company Secretary.

Dated: 8th April 2022.

START OF CAIJIAYING MINE OPERATIONS

Start of Caijiaying Mine Operations

 Covid-19 Outbreak China

 18th March 2022

 

Griffin Mining Limited (“Griffin” or the “Company”) is pleased to announce that underground operations have now recommenced at the Caijiaying Mine and that the mill facilities are scheduled to recommence processing ore on 25th March 2022.

 

As has been reported in the international press, increased cases of the Covid-19 coronavirus have been recorded in certain parts of China, including Jilin Province in north-east China. The Company’s management, contractors and other stakeholders are working closely with the local County Government to ensure continuing Covid safe operating and logistical procedures. To date, essential supplies such as explosives and mill materials have not been affected. Nevertheless, the Company continues to liaise with all relevant parties to ensure total compliance with continuing evolving regulations, particularly should the infection rate increase further.

 

Chairman Mladen Ninkov commented, “I am grateful to our staff, contractors and government officials for managing the necessary approvals to restart the Caijiaying operations on time and so efficiently. As you would expect, we remain vigilant with the reported increase in Covid-19 cases but feel assured by the effective handling of the current situation by all the relevant Chinese authorities.”

  

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                               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

Blytheweigh          Telephone: +44(0)20 7138 3205

Tim Blythe

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

Jochen Staiger

 

PROGRESS STATEMENT ON THE RE-OPENING OF CAIJIAYING MINE OPERATIONS

Progress Statement on the Re-opening of Caijiaying Mine Operations

 

4th March 2022

 

Griffin Mining Limited (“Griffin” or the “Company”) announces, further, and consistent with, the announcement of 31stDecember 2021, that all staff and contractors are scheduled to return to the Caijiaying Mine and that underground mining operations are scheduled to recommence, on the 15th March 2022. The processing facilities will be initiated shortly thereafter. Underground drilling at both Zones II & III will begin earlier than planned on the 7th March 2022.

 

Chairman Mladen Ninkov commented, “I am grateful to all our professional staff, employees and contractors in keeping to the scheduled re-start of operations announced by the Company late last year. This is even more critical in light of the spot zinc price trading over $4,000 tonne, the highest price in over 15 years, and the significantly positive effect that will have on the cash generated by our operations.”

 

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                         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

Alisa 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   

 

APPOINTMENT OF CHIEF OPERATING OFFICER RESIGNATION OF GENERAL MANAGER CAIJIAYING MINE

Appointment of Chief Operating Officer

Resignation of General Manager Caijiaying Mine

 2nd February 2022

Griffin Mining Limited (“Griffin” or the “Company”) hereby announces the resignation of Damien Houseman as General Manager Caijiaying Mine and is delighted to announce that John Steel, the Mine Manager Caijiaying Mine, has been appointed the Chief Operating Officer of the Company with immediate effect.  Damian will leave at the end of February to take up a new position more suitable to his personal circumstances and the Company thanks him for his past dedicated and loyal service and wishes him well in his future endeavours.

 

About John Steel

John Steel is a graduate Mining Engineer from the Ballarat School of Mines and holds a Master of Business Administration from Deakin University. He is a member of the Australian Institute of Mining and Metallurgy. John has extensive global mining experience including over a decade of in site operational expertise with tier one companies in Australia, Canada (Xstrata Mining PLC) and the Middle East (Brarrick Gold Corporation). John also has extensive supplier side experience holding country Managing Director positions in Norway (EPC Groupe) as well as General Manger positions with several explosive and technology service providers within Australia.

 

About Griffin Mining Limited 

Griffin’s shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM). Griffin owns and operates, through its 88.8% owned Joint Venture Stock Company 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                   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

Alisa MacMaster

Berenberg                                         Telephone: +44(0)20 3207 7800

Matthew Armitt

Jennifer Wyllie

Deltir Elezi

Blytheweigh                                 Telephone: +44(0)20 7138 3205

Tim Blythe

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

            Jochen Staiger   

2021 Full Year & Fourth Quarter Production

2021 Full Year & Fourth Quarter Production

18th January 2022

 

Griffin Mining Limited (“Griffin” or the “Company”) announces the production results from the Caijiaying Zinc Gold Mine for the three months and year ended 31st December 2021.

To view the full announcement, please click here.

 

Transaction In Shares

Transaction in Shares

 

8th November 2021.

Griffin Mining Ltd (“the Company”) announces that the Company has been notified that on the 4th November 2021 Trellus Partners LLP (the “Partnership”), the General Partner of a Limited Partnership in which Mr. Adam Usdan, a non-executive director, has a controlling interest, distributed 84,930 shares in the Company at 98 pence per share to a Limited Partner of the Partnership.

Following this disposal Mr. Adam Usdan will have a direct and indirect holding in the Company of 34,324,626 Ordinary Shares, representing 19.6% of the Company’s issued share capital.

 

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Adam Usdan
2 Reason for the notification
a) Position/status Director
b) Initial notification/ Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Griffin Mining Limited
b) LEI 213800GNF70RCZFL9976
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Identification code Ordinary Shares
b) Nature of the transaction Disposal of Ordinary Shares
c) Price(s) and volume(s) 84,930 at 98 pence per share
d) Aggregated information
– Aggregated volume
– Price
84,930 Ordinary Shares in Griffin Mining Limited at 98 pence per share totalling £83,231.40
e) Date of the transaction 4th November 2021
f) Place of the transaction London Stock Exchange Alternative Investment Market
(1)  Commission Delegated Regulation (EU) 2016/522 of 17 December 2015 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council as regards an exemption for certain third countries public bodies and central banks, the indicators of market manipulation, the disclosure thresholds, the competent authority for notifications of delays, the permission for trading during closed periods and types of notifiable managers’ transactions (see page 1 of this Official Journal).

Further information

Griffin Mining Limited

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

Roger Goodwin – Finance Director

 

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

John Prior

 

Berenberg                                                                  Telephone: +44(0)20 3207 7800

Matthew Armitt

Jennifer Wyllie

Deltir Elezi

WINTER OLYMPIC GAMES EXTENSION

Winter Olympic Games Extension

 5th November 2021

 Griffin Mining Limited (“Griffin” or the “Company”) is very pleased to announce that it has received notification and signed documentation from the City and County regulatory authorities that vital operating supplies will be allowed to be delivered to the Caijiaying Mine Site until midnight on the 31st December 2021, the only mine granted such an accommodation in Hebei Province.

As is customary practice for the Caijiaying Mine, mining operations will cease during the Chinese New Year holiday period and the cessation will be slightly extended into the first quarter of 2022 due to the Winter Olympic and Paralympic Games and re-open on the 14th March 2022.

Chairman Mladen Ninkov commented, “The permission granted by the various levels of government in the People’s Republic of China to the continuing operations by the Company in this high profile period is very much appreciated and is an acknowledgement of the special relations enjoyed by all stakeholders in the Caijiaying Mine and best ESG practices implemented by the Company. Needless to say, my thanks go out to all concerned, particularly our senior western and Chinese management who strived so hard to achieve this result.”

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                     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

Alisa MacMaster

Berenberg                                           Telephone: +44(0)20 3207 7800

Matthew Armitt

Jennifer Wyllie

Deltir Elezi

Blytheweigh                              Telephone: +44(0)20 7138 3205

Tim Blythe

Swiss Resource Capital AG

Jochen Steiger                              Telephone: +41(0)71 354 8501