REG - Caracal Gold PLC - Delay to Publication of Annual Report and Accounts

Caracal GoldAnnouncement

24/10/2023 16:00

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RNS Number : 1498R  Caracal Gold PLC  24 October 2023

Caracal Gold plc

('Caracal' or the 'Company')

Delay to Publication of Annual Report and Accounts

Caracal Gold plc, the expanding East African gold producer with over
1,300,000oz JORC-compliant gold resources, announces that that there will be a
delay in the publication of the Company's annual report and accounts for the
year ended 30 June 2023.

As a result, trading in the Company's ordinary shares on the Main Market of
the London Stock Exchange will be suspended with effect from 7.30am on 1
November 2023. Suspension from trading will be lifted with the publication of
the Accounts.

The Company will provide further updates on expected timings for publication
of its annual report and accounts in due course. The Company expects to
request a restoration of the listing of its ordinary shares on publication of
the annual report and accounts.

 

**ENDS**

 

 Caracal Gold plc

 Simon Grant Rennick

 Robbie McCrae                                       robbie@kilimapesa.com
 VSA Capital Limited                                 +44 203 005 5000

 Financial Adviser and Broker

 Andrew Raca (Corporate Finance)

 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. 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.

Caracal's shares are quoted on the Main Market of the London Stock Exchange
(LON: GCAT) and on the Frankfurt Stock Exchange (FSE: 6IK). The Company is
also in the process of listing on the Nairobi Securities Exchange.

 

 

 

 

 

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