Statement re Plant Upgrade

RNS Number : 0399P

Griffin Mining Ld

13 August 2014

 

60 St James's Street, London SW1A 1LE, United Kingdom

Telephone: + 44 (0)20 7629 7772  Facsimile:  + 44 (0)20 7629 7773

E mail: [e-mail]

13^th August 2014

CAIJIAYING MINE EXPANSION & UPGRADE OF PROCESSING FACILITIES

Griffin Mining Limited ("Griffin") is pleased to report that the planned upgrade of the processing facilities at the Caijiaying mine are currently proceeding on time and within budget.  According to the schedule, the processing of ore from the mine has now been suspended for a period of two months to enable new crushing and milling equipment to be installed and integrated into the existing processing facilities.  Mining and haulage of ore will continue during this period and be stockpiled to be processed upon the commissioning of the expanded processing facilities. With the doubling of processing capacity at Caijiaying, it is expected that the stockpiled ore will be processed by year end resulting in annual production of zinc metal in concentrate to be in line with 2013 results.

Administrative state issues in China outside Griffin's control continue to delay the grant of a new mining licence over the unmined Zone II and ancillary areas at Caijiaying.  It is expected to be issued later this year.   

Further information

Griffin Mining Limited:

Mladen Ninkov                    (Chairman)

Roger Goodwin                    (Finance Director & Company Secretary)                        Telephone: [phone]

Panmure Gordon (UK) Limited                                                                                          

Dominic Morley                                                                                                                   Telephone: [phone]

Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM).

The Company's news releases are available on the Company's web site: www.griffinmining.com

 

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