REG - Caledonia Mining Crp - Caledonia files technical report on Blanket Mine

Caledonia MiningAnnouncement

14/03/2023 07:00

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RNS Number : 8103S  Caledonia Mining Corporation PLC  14 March 2023

Caledonia Mining Corporation Plc

Caledonia files technical report on Blanket Mine

 

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

 

 

St Helier, March 14, 2023 - Further to the announcement of Caledonia Mining
Corporation Plc ("Caledonia" or "the Company") on February 6, 2023 concerning
an update to the NI 43-101 compliant mineral resources and reserves estimates
at its 64 per cent owned subsidiary, the Blanket Mine in Zimbabwe ("Blanket"),
Caledonia is pleased to announce that it has now filed a new NI 43-101
technical report 1  (#_ftn1) on SEDAR in support of Blanket's mineral
resources and reserves estimates announced on February 6, 2023.

Highlights:

·   Total measured and indicated mineral resources estimate at Blanket,
inclusive of mineral reserves, of 1,095,000 ounces of gold in 10.72 million
tonnes at 3.18g/t.

·   Total mineral reserves estimate at Blanket of 395,000 ounces of gold
in 3.94 million tonnes at 3.12g/t.

 

 

Enquiries:

 Caledonia Mining Corporation Plc

 Mark Learmonth                                             Tel: +44 1534 679 800

 Camilla Horsfall                                           Tel: +44 7817 841 793
 Cenkos Securities plc (Nomad and Joint Broker)

 Adrian Hadden                                              Tel: +44 207 397 1965

 Neil McDonald                                              Tel: +44 131 220 9771

 Pearl Kellie                                               Tel: +44 131 220 9775
 Liberum Capital Limited (Joint Broker)

 Scott Mathieson/Kane Collings                              Tel: +44 20 3100 2000
 BlytheRay Financial PR (UK)

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

 3PPB (Financial PR, North America)                         Tel: +1 917 991 7701

 Patrick Chidley                                            Tel: +1 203 940 2538

 Paul Durham
 Curate Public Relations (Zimbabwe)                         Tel: +263 77802131

 Debra Tatenda
 IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)  Tel: +263 (242) 745 119/33/39

 Lloyd Mlotshwa

 

 

 

 

 1  (#_ftnref1) Refer to technical report entitled "NI 43-101 Technical Report
on the Blanket Gold Mine, Zimbabwe" prepared by Caledonia and Minxcon (Pty)
Ltd dated March 13, 2023 and filed on SEDAR (www.sedar.com) on March 13,
2023.  This news release has been approved by Mr Dana Roets (B Eng (Min.),
MBA, Pr.Eng., FSAIMM, AMMSA), Chief Operating Officer, the Company's qualified
person as defined by Canada's National Instrument 43-101 - Standards of
Disclosure for Mineral Projects ("NI 43-101"). The Company's independent
qualified persons as defined by NI 43-101, Mr. Uwe Engelmann (BSc (Zoo. &
Bot.), BSc Hons (Geol.), Pr.Sci.Nat. No. 400058/08, MGSSA) of Minxcon (Pty)
Ltd, the qualified person responsible for resources; and Mr. Daan van Heerden
B Eng (Min.), MCom (Bus. Admin.), MMC, Pr.Eng.,FSAIMM, AMMSA of Minxcon (Pty)
Ltd, the qualified person responsible for reserves, have also approved this
news release.

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