Caledonia Mining Corporation Plc · AMEX:CMCL
Caledonia Mining — Investor Presentation (February 2025)
23 slides from Caledonia Mining's investor presentation, February 2025
Slide 1: Established Gold Producer with Pathway to Multi-Asset Production
Established Gold Producer with Pathway to Multi-Asset Production C O R P O R AT E P R E S E N TAT I O N F E B R U A R Y 2 0 2 5
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements This presentation has been prepared solely for information and does purport to contain all of the information that may be necessary or desirable to fully and accurately evaluate Caledonia Mining Corporation Plc (“Caledonia” or “the Company”) or its business
Slide 3: Our Formula
Our Formula YIELD + GROWTH = VALUE
Slide 4: Established Zimbabwe Gold Producer with Clear Multi-Asset Development Strategy
Established Zimbabwe Gold Producer with Clear Multi-Asset Development Strategy Growth focus with pathway Uniquely Strong to +200koz pa by 2028 : positioned: financial returns: Focussed on growing profitable gold High quality pipeline of projects, Long history of dependable production underpinned by
Slide 5: Focussed on growing profitable gold production and building per share value
Focussed on growing profitable gold production and building per share value PRODUCTION DEVELOPMENT PROJECT Blanket Mine Bilboes Central Shaft: expansion project successfully delivered Acquired January 2023 for $65.7m in shares plus 1% NSR 2025 guidance: 73.5 – 77.5koz; on-mine cost $1,050- M&I: 2.47
Slide 6: Evolving Caledonia Mining
Evolving Caledonia Mining Systematically building a multi asset gold producer 2015 – 2020 2021 - 2024 2025 Onwards Single-Asset Miner Building Growth Platform Multi Asset, Mid-Tier Producer • One producing asset • Central shaft commissioned • Continue ~75koz production at Blanket • Blanket Mine – pr
Slide 7: Caledonia gold production forecast
Caledonia gold production forecast1 Elevating to intermediate producer status 300 250 196 178 166 170 175 Once the Bilboes Gold Project is fully operational, Caledonia’s 145 200 146 production forecast is Annual Gold Production (koz) approximately 150 200koz pa 100 by 2028 Averaging out from 2028 at
Slide 8: A track record of long-term value creation for Zimbabwe
A track record of long-term value creation for Zimbabwe* Over $50 million in taxes paid over the last 10 years Dividends paid Finance cost, interest and other $57.4m $18.3m Cash reinvested in New Business $21.7m $395.1M Taxation paid $55.5m Cash reinvested in Solar $14.3m Blanket exploration Cash re
Slide 9: Blanket Mine
Blanket Mine OUR CORNERSTONE ASSET
Slide 10: Blanket Mine: A Compelling Track Record
Blanket Mine A Compelling Track Record Successful execution of growth project in-country: Constructed a 6m diameter, 4-compartment shaft from surface to 1,200m. Funded from internal cash flow Stable growth platform: 2025 production guidance of 73.5 – 77.5koz 1. NI 43-101 mineral resource 1.79Moz in
Slide 11: Blanket Mine: A platform for growth
Blanket Mine A platform for growth Increase in mineral reserves - Highlights1 13,279 metres drilled targeting Blanket and September 1, 2022 March 1, 2024 % Variance Eroica orebodies Drilling resulted in Mineral Reserve Tonnes Grade Au Content Tonnes Grade Au Content Tonnes Grade Au Content better th
Slide 12: Growth Projects
Growth Projects
Slide 13: Bilboes – Our Next Mine
Bilboes – Our Next Mine Elevating Caledonia to Intermediate Producer Status 100% owned, fully 2.47Moz (M&I) @2.30g/t PEA: 1.5Moz AU over a New feasibility study Funding solutions; permitted, large scale, 560koz (inferred) @ 10-year LOM; 1.9 year expected Q1 2025 attractive debt financing high grade
Slide 14: Motapa: A large-scale exploration project
Motapa A large-scale exploration project Historically producing mining area, adjacent to Bilboes with processing synergy Has a mining lease covering approximately 2,200 hectares Initial drilling (Q2 2024) shows promising oxide and sulphide results Drilling highlights to date include: Hole JPRC01 – 1
Slide 15: Environment, Social and Governance
Environment, Social and Governance 2023 ESG Highlights Caledonia aims to maintain and develop sustainable 100% in country employment business practices and align them with its corporate strategy CSR investment $1.5m Caledonia has enhanced sustainability reporting to aligned with Total payments to Go
Slide 16: Outlook
Outlook A BUSINESS IN THE ASCENT
Slide 17: Caledonia's Vision
Caledonia’s Vision A Compelling Value Proposition Continue ~75koz target p.a from Blanket Mine Complete Feasibility Study at Bilboes and start to progress new assets Invest in the Company’s growth for best long-term returns to shareholders Strategy of becoming a multi-asset gold producer in Zimbabwe
Slide 18: Corporate Snapshot
Corporate Snapshot Listing and Trading (As of 30 January 2025, all numbers in USD unless noted otherwise) 2.40% 3.23% Share Price (NYSE) $9.37 12.56% 3.79% Quarterly Dividend per Share $0.14 Market Capitalisation $180m 52-Week High/Low $8.81– 16.95 3.82% Avg. Volume 74,964 4.17% 10.02% Capital Struc
Slide 19: Contacts
Contacts Caledonia Mining Aim Broker: Panmure Liberum Investment Research Mark Learmonth, CEO | Tel: +44 (0) 1534 679800 Scott Mathieson | Tel: +44 203 100 2184 Cavendish Capital Markets Email: marklearmonth@caledoniamining.com Email: scott.mathieson@panmureliberum.com | www.cavendish.com Camilla Ho
Slide 20: Appendix
Appendix A RESPONSIBLE MINER
Slide 21: Board of Directors
Board of Directors Mark Learmonth John Lawson Kelly Victor Gapare Johan Andries Holtzhausen Chief Executive Officer and Director Chairman Executive Director Director Member of Strategic Planning, Technical, Member of Nomination and Corporate Member of Strategic Planning, Technical, Member of Audit,
Slide 22: Management
Management Mark Learmonth Chester Goodburn Victor Gapare James Mufara Elton Gwatidzo Maurice Mason Chief Executive Officer Chief Financial Executive Chief Operating General Manager Vice President and Director Officer Director Officer of Blanket Mine Corporate Development Camilla Horsfall Adam Cheste
Slide 23: Thank You
@A Caledonia Mining € Corporation Plc Thank You
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