Announcement Date: 2022-12-21
Announcement Type: Scoping Study
Announcement Code: JORC
Company name: Caracal Gold Plc
Project name: Kilimapesa Hill
Location: Kenya
Commodities: Gold
Highlight: Scoping Study result incl. Post Tax IRR of 144%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Caracal Gold plc, the expanding East African gold producer with over 1.3 million oz (‘Moz’) JORC compliant gold resources, is pleased to publish a Scoping Study focused on the expansion of its flagship Kilimapesa Hill Gold Project (‘Kilimapesa ‘ or the ‘Project’) in Kenya, which highlights robust project economics.Caracal is focused on delivering an optimisation strategy at its Kilimapesa Hill Gold Project where it aims to increase gold production to 24,000oz p.a. and the resource to +2Moz. Kilimapesa, which is located in a mining friendly jurisdiction in Kenya, has an established, producing, shallow underground mine and processing plant as well as an extensive prospecting permit. As part of its strategy, utilising an updated Mineral Resource Estimate
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