REG - Caracal Gold PLC - 2024 Annual Audited Accounts - Kilimapesa Gold Ltd

Caracal GoldAnnouncement

09/04/2025 12:00

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RNS Number : 3383E  Caracal Gold PLC  09 April 2025

Caracal Gold Plc

('Caracal' or the 'Company')

2024 Annual Audited Accounts - Kilimapesa Gold Limited

Caracal Gold PLC, the East African focused gold company is pleased to announce
that the Company's wholly owned Kenyan subsidiary, Kilimapesa Gold Limited's
("KPG") audited accounts for the year ending 30 June 2024 ("KPG Annual
Accounts") have been signed off by its auditors, PKF Kenya LLP.

The KPG Annual Accounts have been provided to the Company's auditors in the
United Kingdom,  RPGCC, the trading name of RPG Crouch Chapman LLP, who will
now look to finalise the Company's audited consolidated accounts for the year
ending 30 June 2024.

Jason Brewer, Executive Director of the Company commented:

"Getting the audited accounts for the Company's wholly owned Kenyan
subsidiary, Kilimapesa Gold Limited completed, is a major accomplishment and I
acknowledge the hard work that has been put in by the team here in Kenya,
South Africa and in the UK to get this done.

"These accounts are now with our auditors in the UK, where they will proceed
and look to complete the audit of the Company's consolidated accounts for the
year ending 30 June 2024. These accounts, whilst well overdue, will allow the
Company to advance its recapitalisation plans and a Prospectus, which once
completed will allow us to implement a corporate and operational restructuring
plan and seek the  resumption in trading of the Company's securities on the
London Stock Exchange.

"I look forward to providing further updates in the coming weeks."

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed
in accordance with the Company's obligations under Article 17 of MAR.

 

* * ENDS * *

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

 Caracal Gold plc

 Jason Brewer      jason@gathonimuchaiinvestments.com

 

Notes:

Caracal Gold plc is an expanding East African focused gold company with a
clear strategy to grow production and resources both organically and through
strategic acquisitions. Its immediate aim is to recommence and rapidly
increase production to +50,000ozs p.a. and build a JORC compliant resource
base of +3Moz. The Company is progressing a well-defined mine optimisation
strategy at its 100% owned Kilimapesa Gold Mine in Kenya, where there is
significant mid-term expansion potential and the ability to increase gold
production to 24,000oz p.a. and the resource to +2Moz (current JORC compliant
resources of approx. 706,000oz). Alongside this, Caracal is undertaking a
targeted exploration programme at the Nyakafuru Project in Tanzania, which has
an established high-grade shallow gold resource of 658,751oz at 2.08g/t
contained within four deposits over 280 km2 and appears amenable to
development as a large scale conventional open pit operation.

Caracal's experienced team has a proven track record in successfully
developing and operating mining projects throughout Africa.

The Company 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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