Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) is a Zimbabwean focused exploration, development and mining corporation. Caledonia owns a 64% stake in the gold-producing Blanket Mine (“Blanket”), 100% stakes in the Bilboes Sulphide Project and the Motapa and Maligreen gold mining claims, all situated in Zimbabwe.

After increasing the production at Blanket to 80,000 oz in 2022 our main focus areas are to maintain production at around 75-80,000 oz at Blanket, progress the Bilboes project and become a multi-asset gold producer in Zimbabwe.

Following publication of the Bilboes Feasibility Study in November 2025, Caledonia has moved quickly to start to implement a four-part funding plan designed to ensure the project can be advanced at pace while maintaining prudent capital discipline.