China Gold International Resources has started commissioning of Series I of the Phase II Expansion at the Jiama Copper-Polymetallic Project in Tibet Autonomous Region of China. This will increase total daily nameplate capacity from 6000 tonnes to 28,000 tonnes.

The Jiama Phase II expansion consists of two series, with each having a daily mining and mineral processing capacity of 22,000 tonnes.

As scheduled, Series I is now complete and commissioning commenced on December 1. It is expected the output of Series I will be ramped up to its full capacity in the northern summer of 2017.

Due to the recent volatility and uncertainty in the global economy, and the potential impact on commodity prices and market conditions, the company intends to slow the mine development, final construction and commissioning for the Jiama Phase II Series II expansion and will reoptimise the mining plan and production schedules.

China Gold’s CEO and executive director Bing Liu said: “The commissioning of the Jiama Phase II Series I expansion marks the entry of China Gold International into a new stage of development. We believe that with the support from local government and China National Gold Group, Jiama Phase II will reach its full capacity smoothly and create more value for our shareholders and local community.”

China Gold International is based in Vancouver, Canada and operates both profitable and growing mines - the CSH Gold Mine in Inner Mongolia and the Jiama mine.

www.chinagoldintl.com

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