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Zijin Mining plans to expand gold production of Longnan Zijin and Norton Gold Fields

Zijin News  On 28 April 2020, Zijin Mining issued an announcement that the company plans to expand gold production of Longnan Zijin and Norton Gold Fields.

1. Longnan Zijin project

Recently, the Liba Gold Mine in Longnan Zijin has received the mining permit issued. Longnan Zijin shall establish the 10,000 tonnes/day mining and processingproject of the Liba Gold Mine. Open-pit mining shall be adopted in the early stage, and underground mining for the late stage. Production period of open-pit mining is 8 years, and during the full production period, approximately 5.5 tonnes of gold in concentrate form shall be produced per annum on average; productionperiod of underground mining is 20 years, and pproximately 1.8 tonnes of gold in concentrate form shallbe produced per annum on average.

The 6,000 tonnes/day mining and processing system of Longnan Zijin shall resume production in June this year. At the same time, Longnan Zijin shall push forward the constructionof the 10,000 tonnes/day mining and processing project of the Liba Gold Mine, complete the constructionof processing plant at the end of this year and fully complete project construction in 2021.

As at the end of 2019, Longnan Zijin owned retained gold resource reserve volume of 172 tonnes, grading1.99g/t in average.

2. Norton Gold Fields project

In the refractory and low-grade resources utilisationproject of Norton Gold Fields project, the GS refractory project shall be upgraded based on the existing Paddington Mill. The construction shall increase its capacity by 1.5 million tonnes/year, and the adaptability in ore processing will be enhanced. It is expected to complete construction and commence production in July 2021, and maintain production of 5-6 tonnes of gold in Paddington Mill; the Binduli low-grade 15 million tonnes/year heap leaching project will be constructed in phases, of which the first phase of the Binduli North project is expected to complete construction and

commence production in March 2022. After the completion of all construction of the project, a maximum of approximately 7 tonnes of gold can be produced during a year in full production.

As at the end of 2019, Norton Gold Fields owned retained gold esource reserve volume of 342 tonnes,grading 1.27g/t in average.