Caledonia Mining

Caledonia Mining Corporation Plc is a Zimbabwean focused exploration, development and mining corporation. Caledonia owns a 64% stake in the gold-producing Blanket Mine, 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 80,000oz in 2022 our main focus areas are to maintain production at around 74-78,000oz at Blanket, complete the Bilboes feasibility study and become a multi-asset gold producer in Zimbabwe. The Company pays a quarterly dividend of 14 cents a share which is a yield of around around 3.3%.

Management Profile

Mark Learmonth, CEO

Mr Learmonth joined Caledonia in July 2008. Prior to this, he was a Division Director of Investment Banking at Macquarie First South in South Africa, and has over 17 years' experience in corporate finance and investment banking, predominantly in the resources sector in Africa. Mr Learmonth graduated from Oxford University and is a chartered accountant. Mr Learmonth is a member of the Executive Committee of the Chamber of Mines, Zimbabwe. Mr Learmonth was appointed Caledonia's Chief Financial Officer in November 2014.

What is your rationale for taking part in 121 Mining Investment?

We are looking to meet investors who can support us in the funding for the development of the Bilboes Sulphide project.

What recent news would you like to highlight to investors attending?

$22.35m sale of 12.2MWac solar plant complted, unlocking capital for growth strategy Bilboes Feasibility Study extended to fully explore several material optimisation opportunities that have the potential to enhance project economics and reduce upfront capital requirements. Quarterly dividend paid Solid production at Blanket Mine

What are your key goals for the next 3, 6 and 12 months?

3 Months

Continue target of 74-78,000koz of gold from Blanket mine Complete the Feasibility study for Bilboes Continue exploration at Blanket and Motapa

12 Months

Funding for the development of the Bilboes sulphide project Exploration at Blanket and Motapa

What do you think makes your company such a compelling investment?

Huge growth potential of the company Divided yield Stable production from Blanket mine

What are the top 3 key investor takeaways?

1. Huge growth potential from Bilboes and Motapa

2. Steady production from Blanket mine

3. Quarterly dividend - with current yield of 3.7%