REG - Caledonia Mining Crp - Appointment of Dana Roets as a Director

Caledonia MiningAnnouncement

20/01/2022 07:05

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RNS Number : 0020Z  Caledonia Mining Corporation PLC  20 January 2022

Caledonia Mining Corporation Plc

Appointment of Dana Roets as a Director

(NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL)

St Helier, January 20, 2022: Caledonia Mining Corporation Plc ("Caledonia" or
the "Company") announces that it has appointed Dana Roets to the board with
immediate effect.

 

Dana has been the Chief Operating Officer at Caledonia since 2013 and will
continue in this role following his appointment to the board. He is a
qualified engineer with over 34 years of operational and managerial experience
in the South African gold and platinum industries. Dana has held various
operational roles from being an underground miner to becoming Vice President
and Head of Operations at Kloof Gold Mine.

 

Leigh Wilson, Chairman, commented:

"I am delighted to welcome our colleague Dana onto the board. He is a highly
respected professional engineer with a long track-record in the mining
industry. His contribution to Caledonia as Chief Operating Officer over the
last 9 years has been outstanding - in particular, his contribution to the
successful implementation of the Central Shaft project at Blanket Mine: Dana
was responsible for this project from its initial design stage in late 2014 to
its commissioning in March 2021.  Over this period, Blanket's production has
increased by over 60 per cent from less than 42,000 ounces of gold in 2014 to
over 67,000 ounces of gold in 2021.  Following the successful completion of
the Central Shaft, we anticipate production at Blanket Mine increasing further
to approximately 80,000 ounces of gold per annum from 2022 onwards 1 .

 

"Under Dana's leadership, Caledonia's technical team has been substantially
strengthened which puts us in a good position to embark on new projects which
I expect will be an integral part in achieving the board's strategic vision
for the Company to become a multi-asset gold producer."

 

Commenting on his appointment as a director of Caledonia, Mr Roets said:

 

"I am very excited to be appointed to the board at such a transformational
time for the Company and to become more closely involved with the strategic
decision-making process, especially in the Company's transition into a
multi-asset gold producer. I will continue in my capacity of Chief Operating
Officer to oversee the operational team as we continue to strengthen and grow
the business."

 

Appendix 1 - current and previous directorships of Mr Roets and other matters
required to be notified in accordance with paragraph (g) of Schedule 2 to the
AIM Rules

 

The names of all companies of which Mr Roets has been a director at any time
in the previous five years are set out below:

 

 Company                                Status
 Blanket Mine (1983) (Private) Limited  Current
 Kuduberry Investment (PTY) LTD         Current
 Bravoplex 467 CC                       Current

 

Mr Roets' full name is Dana Roets.  He is 59 years old.

 

Mr Roets does not presently hold shares or share options in the Company.  He
holds 15,966 performance units ("PUs") awarded under the Company's 2015
Omnibus Equity Incentive Compensation Plan (consisting of 10,436 PUs awarded
in January 2020 and 5,530 PUs awarded in January 2021) which, upon vesting on
the third anniversary of award, may settle in cash, shares or a combination of
both.

 

There are no other matters which are required to be announced pursuant to
paragraph (g) of Schedule 2 to the AIM Rules.

 

Enquiries:

 

 Caledonia Mining Corporation Plc

 Mark Learmonth                      Tel: +44 1534 679 802

 Camilla Horsfall                    Tel: +44 7817 841793
 WH Ireland

 Adrian Hadden/ Andrew De Andrade    Tel: +44 20 7220 1751
 Blytheweigh Financial PR

 Tim Blythe/Megan Ray                Tel: +44 207 138 3204
 3PPB

 Patrick Chidley                     Tel: +1 917 991 7701

 Paul Durham                         Tel: +1 203 940 2538

 Curate Public Relations (Zimbabwe)  Tel: +263 772802131

 Debra Tatenda

 

 

 

Note: This announcement contains inside information which is disclosed in
accordance with the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as it
forms part of UK domestic law by virtue of the European Union (Withdrawal) Act
2018 and is disclosed in accordance with the Company's obligations under
Article 17 of MAR.

 

 

Cautionary Note Concerning Forward-Looking Information

Information and statements contained in this news release that are not
historical facts are "forward-looking information" within the meaning of
applicable securities legislation that involve risks and uncertainties
relating, but not limited, to Caledonia's current expectations, intentions,
plans, and beliefs.  Forward-looking information can often be identified by
forward-looking words such as "anticipate", "believe", "expect", "goal",
"plan", "target", "intend", "estimate", "could", "should", "may" and "will" or
the negative of these terms or similar words suggesting future outcomes, or
other expectations, beliefs, plans, objectives, assumptions, intentions or
statements about future events or performance. Examples of forward-looking
information in this news release include: production guidance, estimates of
future/targeted production rates, and our plans and timing regarding further
exploration and drilling and development.  This forward-looking information
is based, in part, on assumptions and factors that may change or prove to be
incorrect, thus causing actual results, performance or achievements to be
materially different from those expressed or implied by forward-looking
information.  Such factors and assumptions include, but are not limited to:
failure to establish estimated resources and reserves, the grade and recovery
of ore which is mined varying from estimates, success of future exploration
and drilling programs, reliability of drilling, sampling and assay data,
assumptions regarding the representativeness of mineralization being
inaccurate, success of planned metallurgical test-work, capital and operating
costs varying significantly from estimates, delays in obtaining or failures to
obtain required governmental, environmental or other project approvals,
inflation, changes in exchange rates, fluctuations in commodity prices, delays
in the development of projects and other factors.

 

Security holders, potential security holders and other prospective investors
should be aware that these statements are subject to known and unknown risks,
uncertainties and other factors that could cause actual results to differ
materially from those suggested by the forward-looking statements.  Such
factors include, but are not limited to: risks relating to estimates of
mineral reserves and mineral resources proving to be inaccurate, fluctuations
in gold price, risks and hazards associated with the business of mineral
exploration, development and mining, risks relating to the credit worthiness
or financial condition of suppliers, refiners and other parties with whom the
Company does business; inadequate insurance, or inability to obtain insurance,
to cover these risks and hazards, employee relations; relationships with and
claims by local communities and indigenous populations; political risk; risks
related to natural disasters, terrorism, civil unrest, public health concerns
(including health epidemics or outbreaks of communicable diseases such as the
coronavirus (COVID-19)); availability and increasing costs associated with
mining inputs and labour; the speculative nature of mineral exploration and
development, including the risks of obtaining or maintaining necessary
licenses and permits, diminishing quantities or grades of mineral reserves as
mining occurs; global financial condition, the actual results of current
exploration activities, changes to conclusions of economic evaluations, and
changes in project parameters to deal with unanticipated economic or other
factors, risks of increased capital and operating costs, environmental, safety
or regulatory risks, expropriation, the Company's title to properties
including ownership thereof, increased competition in the mining industry for
properties, equipment, qualified personnel and their costs, risks relating to
the uncertainty of timing of events including targeted production rate
increase and currency fluctuations.  Security holders, potential security
holders and other prospective investors are cautioned not to place undue
reliance on forward-looking information.  By its nature, forward-looking
information involves numerous assumptions, inherent risks and uncertainties,
both general and specific, that contribute to the possibility that the
predictions, forecasts, projections and various future events will not
occur.  Caledonia undertakes no obligation to update publicly or otherwise
revise any forward-looking information whether as a result of new information,
future events or other such factors which affect this information, except as
required by law.

 

This news release is not an offer of the shares of Caledonia for sale in the
United States or elsewhere. This news release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any sale of
the shares of Caledonia, in any province, state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such province, state or
jurisdiction.

 

 

 

 

 

 

 

 

 

 1  Refer to the technical report entitled "Caledonia Mining Corporation Plc
NI 43-101 Technical Report on the Blanket Gold Mine, Zimbabwe" dated May 17,
2021 prepared by Minxcon (Pty) Ltd and filed by the Company on SEDAR on May
26, 2021. Mr Dana Roets (B Eng (Min.), MBA, Pr.Eng., FSAIMM, AMMSA), Chief
Operating Officer, is the Company's qualified person as defined by Canada's
National Instrument 43-101 and has approved any scientific or technical
information contained in this news release.

 

 

 

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