Niuminco Group Limited's objective is to establish a substantial resource base in Papua New Guinea and Australia whilst developing its Edie Creek Mine into a successful and profitable mining operation. HIGHLIGHTS: Production of 3,764.4g (121.0 ounces) gold and 3,393.9g (109.1 ounces) silver for sales of AUD 291,367 (PGK747,095); 17.5 tonnes of selectively mined material resulted in 22.9 wet tonnes of high-grade vein material being processed at an average recovered gold grade of 164.4g/t; the company's application for Leave to apply to the National Court of Papua New Guinea for a Judicial Review of the decision of the Minister for Mining in respect of its May River EL was granted on 14 December 2021. Mining and Production: During the December Quarter the Company continued its focus on selective development and mining of high-grade veins in the Ingopae vein area.

This selective mining and processing resulted in 22.9 tonnes of wet material being processed at an average recovered gold grade of 164.4g/t, producing 3,764.35grams (121.0 ounces) of gold and 3,393.9grams (109.1ounces) of silver. This resulted in sales of AUD 291,367 (PGK747,095) during the quarter. Significant amounts of waste material were removed to expose the high-grade vein material.

Further refurbishment of, and repairs on, the company's mining fleet was undertaken during the quarter. This is part of an ongoing program to repair and upgrade the existing mobile mining fleet. Edie Creek Exploration: Drill-plan preparation work for the Enterprise diatreme and the Karuka-Enterprise vein systems/stock-work areas was again put on hold for the quarter.

This drilling program, with a 12-month budget of $100,000 to $150,000, aims to achieve two objectives: It will form part of the mine grade control program and assist in prioritising the mining of higher-grade vein material as feed for the processing circuit; and It will assist in advancing a JORC 2012 resource delineation program.