RCS - Caracal Gold PLC - Focus Expands to Ugandan Gold Opportunities

Caracal GoldAnnouncement

11/08/2025 14:00

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RNS Number : 8431U  Caracal Gold PLC  11 August 2025

Caracal Gold Plc

('Caracal' or the 'Company')

Acquisition Focus Expands to Ugandan Gold Opportunities

Caracal Gold Plc, the East African focused gold company is pleased to advise
that it is in the process of incorporating a new wholly owned subsidiary in
Uganda, through which it will be looking to secure majority interests in a
number of advanced and near-term gold mining opportunities in the country.

The Company's Executive Director and technical consultants are ready to
commence due diligence work on several projects and later this month will
drive to Uganda from Nairobi to progress its legal and technical due diligence
activities and to also meet with key stakeholders and advance negotiations.

The incorporation of a new wholly owned subsidiary in Uganda and due diligence
work on gold mining opportunities in the country, is considered a key part of
the Company's strategy of positioning Caracal as one of the leading East
African gold-focused mining and exploration company.

 

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For further information visit www.caracalgold.com or contact the following:

 Caracal Gold plc

 Jason Brewer            jason@gathonimuchaiinvestments.com

 Shareholder Enquiries   info@gathonimuchaiinvestments.com

 

Notes:

Caracal Gold plc is an expanding East African focused gold company with a
clear strategy to grow gold production and gold resources both organically and
through strategic acquisitions and partnerships in Kenya, Tanzania, Uganda,
Eritrea and Burundi.

Headquartered in Nairobi, Kenya, Caracal is a responsible mining and
exploration company and supports the positive social and economic change that
it contributes to the communities in the regions that it operates. It is a
proudly East African-focused company: it buys locally, employs locally, and
protects the environment and its employees and their families' health, safety,
and wellbeing.

 

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