RCS - Caracal Gold PLC - Updated Corporate Presentation

Caracal GoldAnnouncement

04/10/2022 11:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221004:nRSD7132Ba&default-theme=true

RNS Number : 7132B  Caracal Gold PLC  04 October 2022

 

Caracal Gold plc / EPIC: GCAT / Market: Main / Sector: Mining

4 October 2022

 
Caracal Gold plc ('Caracal' or the
'Company')

Updated Corporate Presentation

 

Caracal Gold plc, the expanding East African gold producer with over
1,300,000oz JORC-compliant gold resources, is pleased to announce that an
updated corporate presentation has been uploaded to the Company's website at:
https://caracalgold.com/investors/corporate-documents/
(https://caracalgold.com/investors/corporate-documents/)

 

The updated presentation provides an overview of Caracal's East African gold
assets and growth strategy as it continues to focus on increasing production
at its Kilimapesa Gold Mine and Processing Facility in Kenya to a targeted
rate of 24,000oz per annum.  Alongside this, the Company is focussed on
finalising the acquisition of the Nyakafuru Gold Project in Tanzania, where
site preparation work has been undertaken ahead of the commencement of an
exploration programme to better determine the project's resource potential.

 

**ENDS**

 

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

 

 Caracal Gold plc                                      info@caracalgold.com (mailto:info@caracalgold.com)

 Robbie McCrae

 Sheila Boit
 Clear Capital Markets Ltd                             +44 203 897 0981

 Joint Broker                                          +44 203 869 6086

 Keith Swann / Jonathan Critchley
 VSA Capital Ltd                                       +44 203 005 5000

 Financial Adviser and Joint Broker

 Andrew Raca (Corporate Finance)

 Andrew Monk / David Scriven (Corporate Broking)
 St Brides Partners Ltd                                caracal@stbridespartners.co.uk (mailto:caracal@stbridespartners.co.uk)

 Financial PR

 Charlotte Page / Isabel de Salis / Isabelle Morris
 DGWA, the German Institute for Asset and              info@dgwa.org (mailto:info@dgwa.org)

 Equity Allocation and Valuation

 European Investor and Corporate Relations Advisor

 Katharina Löckinger

 

Notes

Caracal Gold plc is an expanding East African focused gold producer with a
clear path to grow production and resources both organically and through
strategic acquisitions. Its aim is to rapidly increase production to
+50,000ozs p.a. and build a JORC compliant resource base of +3Moz.  We are
progressing a well-defined mine optimisation strategy at our 100% owned
Kilimapesa Gold Mine in Kenya, where there is significant mid-term expansion
potential and ability to increase gold production to 24,000oz p.a. and the
resource to +2Moz (current JORC compliant resources of approx. 706,000oz). Our
experienced team, with proven track record in successfully developing and
operating mining projects throughout Africa, is reviewing other complementary
and strategically located gold mine and development projects in East Africa.

 

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.

 

Caracal's shares are quoted on the Main Market of the London Stock Exchange
(LON: GCAT) and on the Frankfurt Stock Exchange (FSE: 6IK); a listing on the
Nairobi Securities Exchange is underway.

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAGCBDGUUGDGDS