Caledonia Mining Corporation Plc · AMEX:CMCL
Caledonia Mining — Investor Presentation (January 2024)
24 slides from Caledonia Mining's investor presentation, January 2024
Slide 1: Established Gold Producer with Pathway to Multi-Asset Production
Established Gold Producer with Pathway to Multi-Asset Production
Slide 2: Disclaimer
Disclaimer This presentation does not constitute, or form part of, any offer to sell or issue or any solicitation of any offer to purchase or subscribe for, any shares in Caledonia Mining Corporation Plc (“Caledonia”), nor shall it (or any part of it) or the fact of its distribution, form the basis
Slide 3: Established Zimbabwe Gold Producer with Clear Multi-Asset Development Strategy
Established Zimbabwe Gold Producer with Clear Multi-Asset Development Strategy Blanket New asset Committed to Major Zimbabwean Gold Mine: acquisitions returning value to employer and significantly lay foundations shareholders social & economic increased for multi asset contributor production strateg
Slide 4: Our Portfolio
Our Portfolio PRODUCTION DEVELOPMENT PROJECT PRE-DEVELOPMENT EARLY-STAGE EXPLORATION BLANKET MINE BILBOES MALIGREEN MOTAPA • Significantly increased • Purchased in January • Purchased in • Purchased in production through 2023 November 2021 November 2022: Central Shaft • NI 43-101 compliant • M&I res
Slide 5: Evolving Caledonia Mining
Evolving Caledonia Mining Proven operating excellence supports growth path 2015 2021 2022 2023 One producing asset Central shaft Agreed terms for Acquired Bilboes commissioned Bilboes gold project Blanket mine – Started exploration production of 42.8koz Gold production Acquired Motapa at Blanket Min
Slide 6: Blanket Mine
Blanket Mine Production capacity increased through Central Shaft project
Slide 7: Central Shaft
Central Shaft Increased production capacity, flexibility & ore access Improved operational Constructed a efficiency and 6m diameter, increased mine life 4-compartment shaft from surface to ~1,200m Funded from 2024 production internal cash flow guidance of ~74-78koz at an on-mine cost of $870 - $970
Slide 8: Central Shaft extends mine-life with scope to further deep level exploration
Central Shaft extends mine-life with scope to further deep level exploration 140 ml 7 Level 230 ml 9 Level NO. 4 SHAFT 510 ml 14 Level 18 Level 750 ml 22 Level CENTRAL SHAFT 870 ml 26 Level 990 ml 30 Level 1110 ml 34 Level 38 Level 42 Level Measured Indicated Inferred Mined Out Proven Probable NYSE/
Slide 9: Blanket Exploration
Blanket Exploration Total deep level drilling VERTICAL LONG metres for 2023 was SECTION OF 13,279 metres BLANKET MINE Showing the main orebodies, mine Drilling currently targets infrastructure, Blanket and Eroica ore highlighting the bodies which resulted in Eroica zone where better than expected re
Slide 10: Blanket Solar Project
Blanket Solar Project Our drive towards a more sustainable future CALEDONIA COMPLETED THE CONSTRUCTION OF ITS 100% OWNED 12.2 MWAC SOLAR PLANT Operational since November 2022 Provides ~25% of Blanket’s total daily electricity demand Reduces dependence on grid power Improves quality and reliability o
Slide 11: Zimbabwe
<c Caledonia Mining ‘sy Corporation Plc Zimbabwe
Slide 12: Operating in Zimbabwe
Operating in Zimbabwe 51% indigenisation was scrapped in 2019 and Caledonia has increased Blanket shareholding to 64% Exporters listed on the VFEX retain 75% of FOREX earned on incremental gold; for Caledonia this is gold production over 57koz Including royalty requirement Blanket has total tax rate
Slide 13: Development & Exploration Projects
Development & Exploration Projects
Slide 14: Bilboes Highlights
Bilboes Highlights January 2023: completed the FEASIBILITY STUDY HIGHLIGHTS purchase of Bilboes Gold Limited Commissioned by Bilboes vendors • US dollar value of $65.7m Life of Mine 10 Years Planned Average 2.4 million tonnes per year Production Rate Current feasibility study Planned Average 2.3g/t
Slide 15: Motapa
Motapa Exploration property in historically producing mining area Contiguous to the Bilboes Gold project, allows prospect of gold processing synergy Area was formerly owned, operated and explored by Anglo American Zimbabwe Has a mining lease covering approximately 2,200 hectares Acquisition cost of
Slide 16: Maligreen
Maligreen Purchased the The total cash Contains a NI Contains a 43-101 mining claims over consideration 43-101 M&I Inferred Mineral the project situated of $4 million Resource of Resource of 420koz in the Gweru 442koz at 1.71g/t at 2.12g/t mining district *More details can be found in the Company’s
Slide 17: Environment, Social & Governance
Environment, Social & Governance Caledonia aims to maintain and develop sustainable business practices and align them with its corporate strategy Increasing investor attention in 2022 ESG report published an evolving regulatory framework on the Company website 100% local employment GOVERNANCE & ETHI
Slide 18: Outlook
<c Caledonia Mining ‘sy Corporation Plc Outlook A company in ascent
Slide 19: Caledonia's Vision
Caledonia’s Vision A compelling value proposition Continue ~75koz target Complete Feasibility p.a from Blanket Mine Study at Bilboes and start to progress new assets Invest in the Strategy of becoming Company's growth a multi-asset gold for best long-term producer in Zimbabwe returns to shareholders
Slide 20: Contacts
Contacts WEBSITE: www.caledoniamining.com NORTH AMERICA IR: 3PPB LLC TWITTER: @CaledoniaMining Patrick Chidley Paul Durham Tel: +1 917 991 7701 Tel: +1 203 940 2538 SHARE CODES: NYSE American / AIM / VFEX – CMCL AIM BROKER/NOMAD: CAVENDISH CAPITAL MARKETS Adrian Hadden | Tel: +44 207 220 1751 Email:
Slide 21: Appendix
Appendix A responsible miner
Slide 22: Corporate Overview
Corporate Overview LISTING AND TRADING Share price (USD) 11.32 3.23% (31 January 2024) 3.79% 12.56% Market Cap (USD) 217m (31 January 2024) 4.17% 52 week low/high (USD) 9.48– 17.58 4.27% Avg.. daily liquidity (shares) (31 January 2024) 10.02% 5.99% NYSE 16,000 AIM 4,000 Toziyana Resources Limited CA
Slide 23: Board of Directors
Board of Directors Mark Learmonth, Chief John Lawson Kelly, Chairman Victor Gapare, Steve Curtis, Director Johan Andries Executive Officer and Director Member of Audit, Corporate Executive Director Member of Strategic Planning, Holtzhausen, Director Member of Strategic Planning, Governance, Compensa
Slide 24: Management
Management Mark Learmonth, Chester Goodburn, Victor Gapare, Dana Roets B.Sc., Caxton Mangezi, Vice Elton Gwatidzo, Maurice Mason, Chief Executive Chief Financial Executive Director Chief Operating President Zimbabwe General Manager Vice President Officer and Officer Officer and Operations of Blanket
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