| Announcement Date: | 2022-11-07 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | NI43-101 |
| Company name: | Caledonia Mining Corporation Plc |
| Project name: | Maligreen |
| Location: | Zimbabwe |
| Commodities: | Gold |
| Highlight: | Upgraded mineral resource and reserve estimates |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Minxcon (Pty) Ltd was commissioned by Caledonia Mining Corporation Plc to update the previous independent National Instrument 43-101 Technical Report on behalf of Caledonia Holdings Zimbabwe (Pvt) Ltd, on the Maligreen Gold Project (or Maligreen or the Project), situated in the Silobela area, Midlands Province, Zimbabwe. The Report is prepared in compliance with the National Instrument 43-101, Form 43-101 F1 and the Companion Policy Document 43-101CP. This Report follows the guidelines as prescribed by NI 43-101. Only terms as defined by The Canadian Institute of Mining, Metallurgy and Petroleum (or CIM) have been utilised in this Report. The Mineral Resources have been estimated in conformity with the accepted CIM Estimation of Mineral Resources and Mineral Reserves Best Practices Guidelines (2019) and are reported in accordance with the Canadian Securities Administrators’ NI 43-101. The purpose of this Report is to present the updated Mineral Resources of the Project after the completion of the re-sampling exercise completed by Caledonia on the available historical core. Maligreen is an advanced exploration project with historical mining, and this Report is thus presented as a Mineral Resource report. |
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