Caledonia Mining Corporation Plc · AMEX:CMCL
Caledonia Mining — Investor Presentation (October 2023)
25 slides from Caledonia Mining's investor presentation, October 2023
Slide 1: Corporate Presentation 2023
Corporate Presentation 2023 GOLD PRODUCER AND EXPLORER FOCUSED IN ZIMBABWE FUTURE GROWTH POTENTIAL
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: Presentation Team
Presentation Team Mark Learmonth, Victor Gapare, Chester Goodburn, Chief Camilla Horsfall, Vice President Chief Executive Officer and Executive Director Financial Officer Group Communications Director NYSE/AIM/VFEX: CMCL 3
Slide 4: A Zimbabwe Focused Gold Producer & Explorer with a Strong Growth Profile
A ZIMBABWE FOCUSED GOLD PRODUCER & EXPLORER WITH A STRONG GROWTH PROFILE Blanket Gold Attractive new Return value Mine: acquisitions: to shareholders significantly Bilboes, Motapa through increased & Maligreen significant production growth potential NYSE/AIM/VFEX: CMCL 4
Slide 5: An Overview
An Overview • Established gold producer with exploration focused in Zimbabwe • Jersey domiciled company; listed on NYSE, AIM & VFEX • Quarterly dividend payer since 2012. Current yield of approximately c.5% Relative 1 yr Total Return • Attractive development assets CMCL, GDXJ and Gold Price Caledoni
Slide 6: Central Shaft
Central Shaft PRODUCTION INCREASED TO 80,000 OUNCES PER ANNUM 6
Slide 7: Increased production capacity to 80koz/year
Increased production capacity to 80koz/year CONSTRUCTED A NEW MINE BELOW 750 METRES (2015 TO 2022) BY SINKING CENTRAL SHAFT Central Shaft has delivered an improvement in M&I mineral resources of 1.095Moz production and Funded from internal cash flow in 10.7Mt at 3.18g/t, Inferred mineral flexibility
Slide 8: Central Shaft and development allows for sub-750m production
Central Shaft and development allows for sub-750m production CENTRAL SHAFT Central Shaft NO. 4 SHAFT 140 ml 7 Level 230 ml 9 Level 510 ml 14 Level 18 Level 750 ml 22 Level 870 ml 26 Level 990 ml 30 Level Measured Indicated 1110 ml 34 Level Inferred Mined Out Proven 38 Level Probable 42 Level Plan il
Slide 9: 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 • Provides approximately 25% of Blanket’s total daily electricity demand • Reduces dependence on grid power • Improves quality and reliability of electricity
Slide 10: Blanket Exploration
Vertical Long Section of Blanket Mine, Showing the Main Orebodies, Mine Infrastructure, Highlighting the Eroica zone Where Recent Drilling Has Taken Place Blanket Exploration • Approximately 5,600m of drilling completed between January and May 2023 • A further 12,900m planned for the remainder of 20
Slide 11: The Zimbabwe Opportunity
GE Caledonia Mining @y Corporation Pic The Zimbabwe Opportunity
Slide 12: The Zimbabwe Opportunity
The Zimbabwe Opportunity CALEDONIA HAS BEEN FOCUSED ON NEW OPPORTUNITIES IN ZIMBABWE Historically produced over 45 million ounces of gold Prior to 2000, produced more gold than Mali, Tanzania, Burkina Faso, the DRC and Guinea Several prolific gold belts with potential for further multi million-ounce
Slide 13: Bilboes Gold Transaction
Bilboes Gold Transaction NYSE/AIM: CMCL 13
Slide 14: Bilboes Highlights
Bilboes Highlights Map of Assets • January 2023: completed the purchase of Bilboes Gold Limited • Consideration: 5.12m consideration shares (28.5% of Caledonia’s fully diluted equity) and a 1% net smelter royalty • US dollar value of $65.7m • Victor Gapare, former CEO of Bilboes has joined Caledonia
Slide 15: Feasibility Study Highlights
Feasibility Study Highlights commissioned by Bilboes vendors Caledonia has commissioned its own feasibility study focused on a possible phased development plan Life of Mine 10 Years Planned Average Production Rate 2.4 million tonnes per year Planned Average Mill Feed grade 2.3g/t LOM Gold Production
Slide 16: Motapa
Motapa • Exploration property in historically • Area was formerly owned, operated and producing mining area explored by Anglo American Zimbabwe • Contiguous to the Bilboes gold project, • Has a mining lease covering approximately 2,200 approximately 75km north of Bulawayo hectares • Acquisition cost
Slide 17: Maligreen
Maligreen MALIGREEN Purchased the mining The total cash The property contains a Contains a 43-101 Inferred claims over the project consideration of $4 million NI 43-101 M&I Resource Mineral Resource of situated in the Gweru of 442koz at 1.71g/t 420koz at 2.12g/t mining district *More details can be
Slide 18: Environment, Social & Governance
Environment, Social & Governance • Increasing investor attention in an evolving regulatory framework • Caledonia aims to maintain and develop sustainable business practices and align them with its corporate strategy. • 2022 ESG report published on the Company website GOVERNANCE & ETHICS HEALTH & SAF
Slide 19: Outlook
Outlook A COMPANY IN THE ASCENDANCE 19
Slide 20: Caledonia's Vision
Caledonia’s Vision Continue 80,000-ounce 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 NYSE/AIM/VFEX: CMCL 20
Slide 21: Contacts
Contacts Website: www.caledoniamining.com Twitter: @CaledoniaMining Investment Research Cenkos Securities: www.cenkos.com Liberum: www.liberum.com Share Codes: NYSE American / AIM / VFEX – CMCL Cantor Fitzgerald: www.cantor.com Standard Bank: www.standardbank.com Caledonia Mining VFEX Advisor: IH Gr
Slide 22: Appendix
Appendix A RESPONSIBLE MINER 22
Slide 23: Corporate Overview
Corporate Overview LISTING AND TRADING Share price (USD) (13 October 2023) £ £ $10.44 3.38% 12.57% Market Cap (USD) 200m (13 October 2023) 52 week low/high (USD) 8.75– 17.58 11.36% 3M Avg. daily liquidity (shares) (to 15 May 2023) 52.42% 3.79% NYSE 74,000 AIM 11,000 4.13% CAPITAL STRUCTURE 10.02% Sh
Slide 24: Board of Directors
Board of Directors Mark Learmonth, Chief John Lawson Kelly, Chairman Victor Gapare, Executive Steve Curtis, Director Johan Andries Holtzhausen, Executive Officer and Director Member of Audit, Corporate Director Member of Strategic Planning, Director Member of Strategic Planning, Governance, Compensa
Slide 25: Management
Management Elton Gwatidzo, General Mark Learmonth, Chief Victor Gapare, Executive Caxton Mangezi, Vice Manager of Blanket Mine Chester Goodburn, Chief Dana Roets B.Sc., Chief Executive Officer and Director Director President Zimbabwe Financial Officer Operating Officer and Director Operations Mauric
Caledonia Mining — Investor Presentation (October 2023) on 6ix