Please see S/Tele Share Tips belivies that griffin has had talks with Anglo American & also Ivanho Mines RE: negotations starting @ 50p with management requiring more per share.!!

Count me in too please guys!
:>)

Looking good :-)

Griffin Mining Ld
05 April 2005



GRIFFIN MINING LIMITED

5th APRIL 2005

GRIFFIN ANNOUNCES 'DRY COMMISSIONING' DATE FOR CAIJIAYING OF 25TH APRIL 2005


Griffin Mining Limited ('Griffin or the 'Company') is extremely pleased to
announce that its Chinese design and engineering consultants and construction
managers for the Caijiaying mine and processing plant, the Beijing Engineering
Non-Ferrous Institute ('ENFI'), have confirmed that, subject to the delivery and
installation of a small number of remaining components, the planned date of dry
commissioning of the Caijiaying plant will be Monday, the 25th of April, 2005.
This is on schedule and within the planned ENFI budget.


Assuming dry commissioning encounters no installation or manufacturing defects,
production should commence immediately after the curing of the main plant floor
on the 15th of May 2005. In anticipation of commissioning, zinc ore has already
been mined and stockpiled at the surface ready for processing.


Mladen Ninkov, Griffin's Chairman, commented on these developments as follows:


'Rarely does a dream become reality. Caijiaying remains on track to be
commissioned on time and on budget in an extremely strong zinc metal market. It
is a just reward for the courage, patience and support the shareholders have
shown for the Company. I could not be more delighted.'



Further information

Mladen Ninkov - Chairman Telephone: +44(0) 20 7629 7772
Roger Goodwin - Finance Director
Griffin Mining Limited


Philip Davies Telephone: +44(0) 20 7953 2000
Charles Stanley & Company Limited



Hugo de Salis Telephone: +44(0) 20 7242 4477
St Brides Media & Finance Ltd





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

Further information on Griffin Mining Ltd is available on the Company's web
site:
www.griffinmining.com



This information is provided by RNS
The company news service from the London Stock Exchange

Great news!!!

Good timing, start of new tax year for investers.

That's tomorrow Aldwick...today is the last day:-)

Better still, more buyers tomorrow. Dia, you be please to know that i bought a few NML yesterday.

Well done Aldwick...you will be pleased to know I bought some more GFM yesterday as well ;-)All 3 of my mines are set to make a fortune..NML, GFM and KMR Yay!!!!

I'll order a bottle of champers then shall I chaps!
:>)

bought in to griffin mining @4 pence, Should i stick with them?, or sell and run

Did you say 4p, when was that 15 years ago. Why sell now, see what the price is when the mine is producing cash flow.

An interesting post from the other side this morning :

Minews Story
Date: April 07, 2005

Griffin Mining Takes Blue Riband As First Western Mining Company To Develop A New Mine In China.

The race to be the first western company with a producing mine in China was won by Sino Gold a year or two back, but it took over an existing mine. Griffin Mining deserves the blue riband as it is clearly going to be the first to bring a project right the way through from exploration to production and it will be followed closely by Afcan Mining. The latest news from Griffin is that its Chinese design and engineering consultants and construction managers for the Caijiaying mine and processing plant, the Beijing Engineering Non-Ferrous Institute, have confirmed that, subject to the delivery and installation of a small number of remaining components, the planned date of dry commissioning of the Caijiaying plant will be Monday, the 25th of April, 2005. This is on schedule and within the planned ENFI budget.

It is worth noting that an actual date is given, as this is unusual. Most companies tend to be more vague with comments like at the beginning of the second quarter. The Beijing Engineering Non-Ferrous Institute must be utterly confident in this prediction as the loss of face if there was any delay would be huge. Roger Goodwin, finance director of Griffin, confirms that the last components are actually on site, so there is no real chance of a hitch. Nevertheless, as if to compound the risk another date is given - 15 May 2005 - by which time actual production should start immediately after the curing of the main plant floor, assuming dry commissioning encounters no installation or manufacturing defects. In anticipation of commissioning, zinc ore has already been mined and stockpiled at the surface ready for processing.

The timing could not be better given the strong zinc market In mid March the price hit a 7 year high of US 64.8 cents/lb, but then backed off to US$0.59.6/lb at the end of the month March 30. The rapid run-up in price of 13 per cent this year reflects speculation that inventories will fall further as supply shortfall takes effect. On March 31 LME zinc inventories were down to 574,000 tonnes compared with peaks of 785,000 tonnes in April 2004 and there is now 500,000 tonne supply gap between mine supply and demand with supply declining since peaking in first half 2002 when several new large mines were brought into production. At the same time zinc demand grew at 8.9 per cent between August 2004 to January 2005 with China alone contributing 7 per cent as a result of its 28 per cent increase in zinc consumption in 2004.

The feasibility study back September 2003 was based on an initial throughput of 200,000 tonnes per annum to produce 314,250 tonnes of zinc metal and 108,450 kgs of silver in 586,300 tonnes of concentrates grading 53.6% zinc and 185 g/t silver over the life of the mine. In addition, 39,850 ounces of gold will be produced in bullion. The plan now is to increase throughput up to 500,000 tonnes/year as quickly as possible in order to take advantage of the fact that Griffin receives 100 per cent of the net cash flows arising from the first 3 years of production at the mine and no tax is levied for the first two years. After three years, of course, the net cash flows will revert back to reflect the 60/40 ownership structure, but in the meantime Griffin will be cash positive from day one as it did not have to take on any development loans.

This feasibility study confirmed that the project would be robust even if the zinc price was well below US$900/tonne. In fact it is now sitting at US$1,325/tonne so not many worries on that score. The leverage to the zinc price is an interesting one as the cumulative after tax cash flow, post capital repayment, rises from US$67.2 million at a US$900/tonne zinc price to US$104.4 million at US$1,100/tonne, and onwards and upwards to over US$140 million at the current price. The development work is being carried out by Chinese contractors and virtually all the equipment is sourced from Chinese suppliers. As a result costs are being contained and this is a major point as if bank finance had been sought the company would have been instructed to use western gear and western contractors. A stipulation would also have been placed on the pricing of sales contracts and hedging programmes might have been demanded for silver and gold production.

Another point worth noting is that the feasibility study applied only to zone 111 at Caijiaying which is a small 1.5 sq kms part of the overall package of 67 sq kms so there is still plenty of potential for expansion and exploration results are very encouraging. Earlier this year Griffin also announced that further systematic underground stope -definition drilling has identified new zones of high grade zinc ore which were not included in the original feasibility study ore reserve.

An interesting note, Dynamite. All very encouraging news.

I'm particularly excited about their ability to extract zinc from the ore at an efficiency far greater than 100%. Not sure how they do that. A few other miners might be interested. ;-)

"...based on an initial throughput of 200,000 tonnes per annum to produce 314,250 tonnes of zinc metal..."

LOL

I see what you mean Starfrog... I hadn't noticed that 200K tonnes to produce 314,250 tonnes of zinc metal plus silver etc. I will look into it.
There must be other references.
Di

I just think they're magic, Dynamite. LOL

Well Griffin are magic but not sure about the figures! LOL

Rising nicely today!
:>)

Interesting article..tks.

Totally OT, guys and gals, but does anyone have any thoughts on SFU? Have restarted the last known thread as it's just come on my radar screen. Take a look at the recent news releases and see what you think. Any comments more than appreciated.

New photo's 5th april on they web site.