PRESS RELEASE

from Griffin Mining Ltd (LON:GFM)

Griffin Mining Limited Announces 3rd Quarter Results

LONDON, UK / ACCESSWIRE / October 12, 2023 / Griffin Mining Limited ("Griffin" or the "Company") is pleased to announce production results for the three months to the 30th September 2023.



3 months to 30th September 2023

3 months to 30th June 2023

3 months to 30th September 2022

Ore mined

Tonnes

363,406

366,762

267,304

Ore processed

Tonnes

367,024

372,804

309,465

Zinc in concentrate Produced

Tonnes

12,839

14,130

11,591

Gold in concentrate produced

Ozs

3,950

3,237

3,080

Silver in concentrate produced

Ozs

69,707

82,829

85,612

Lead in concentrate produced

Tonnes

284

468

373

Average zinc price received per tonne

USD

1,782

1,862

2,292

Average gold price received per oz

USD

1,900

1,851

1,661

Average silver price received per oz

USD

19.3

19.3

15.7

Average lead price received per tonne

USD

2,514

2,251

2,097

Overview

Production has been maintained at the Caijiaying Mine at an annualised equivalent rate of circa 1.5 million tonnes of ore mined and processed, all of which has been extracted from Zone III.

Zone II development work is ongoing including a new third portal, development of the decline and extension of the new South Ventilation Shaft.

Chairman Mladen Ninkov commented, "Another solid quarter of production with thanks to all the Company's officers, employees and contractors."

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 griffinmining.com.

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
Dougie McLeod

Berenberg Telephone: +44(0)20 3207 7800
Matthew Armitt
Jennifer Lee

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Griffin Mining Ltd.



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