Third Quarter Production Results

Griffin Mining Limited ("Griffin" or the "Company") is pleased to announce production results for the three months to the 30th September 2024.

Overview

Throughput has been maintained at the Caijiaying Mine at an annualised equivalent rate of circa 1.5 million tonnes despite lower amounts of ore mined due to lower grade stopes being accessed during the quarter. Despite the death of an employee of the haulage contractor at the Caijiaying Mine and the subsequent suspension of all mining and milling operations (as announced on 10 October 2024), provided operations recommence in the near future, the Company is hopeful that it will still be able to reach its budgeted production profile of circa 1.5 million tonnes per annum.

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

Chairman Mladen Ninkov commented, "What was always planned as a lower grade production quarter has unfortunately been followed by the tragic loss of a contractor's employee's life. All of our staff and contractors are moving heaven and earth to ensure operations begin as soon as possible and the production lost in the shutdown is recouped in the last quarter."