Business
Caijiaying Zone II Update
Griffin Mining Limited announced that commissioning of ore extraction from Zone II at the Caijiaying Mine is on schedule for the first quarter of 2026, despite ongoing government regulatory safety measures impacting mine production and financial results until December 31, 2025. The company confirmed that explosives supply for development activities remains uninterrupted, and their cooperation with Chinese regulators is strengthening relationships and facilitating necessary approvals to advance the Caijiaying Mine. Disclaimer*
About this update from Griffin Mining Limited
[{"type":"text","content":"\n\n \n\n \n8th Floor, 54 Jermyn Street, London, SW1Y 6LX. United Kingdom\nTelephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773\nEmail: [email protected]\n \n3rd December 2025\n \nCaijiaying Zone II Commissioning on Schedule for first Quarter 2026\n \nGriffin Mining Limited (\"Griffin\" or the \"Company) is pleased to announce that the commissioning of ore extraction from Zone II at the Caijiaying Mine is expected to commence in the first quarter of 2026.\n \nAs outlined in the Company's announcement dated the 18th September 2025 (the \"Announcement\"), the Company continues to support the ongoing government regulatory safety measures (including explosives supply restrictions) requested by the relevant County, City and Provincial Bureaus although, as stated in the Announcement, mine production and financial results will continue to be impacted until the 31st December 2025.\n \nImportantly, there is no disruption to the supply of explosives for development activities and the Caijiaying Mine remains on schedule to obtain the full safety facility approval and completion of the necessary work to achieve commissioning of Zone II in the first quarter of 2026. The Company's strong support of the government's safety initiatives continues to strengthen its relationship with Chinese regulators in all of these activities and approvals.\n \n \nChairman's Statement\n \nChairman Mladen Ninkov commented, \"The Company looks forward to the next chapter in it's 20 year operating history with the commissioning of Zone II in the near future and all the benefits that orebody is expected deliver. It is the Company's continuing support of the safety initiatives by the Chinese regulatory authorities that engenders the goodwill towards Griffin, as good citizens of China, to obtain the necessary approvals to take the Caijiaying Mine to the next level.\"\n \nFurther information\n \nGriffin Mining Limited\nMladen Ninkov - Chairman Telephone: +44(0)...