Caledonia Mining Corporation Plc · AMEX:CMCL
Caledonia Mining — Investor Presentation (November 2022)
27 slides from Caledonia Mining's investor presentation, November 2022
Slide 1: Corporate Presentation 2022
Corporate Presentation 2022 PROFITABLE GOLD PRODUCTION, FUTURE GROWTH
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: A Highly Profitable, Cash Generative Gold Producer With a Strong Growth Profile
A HIGHLY PROFITABLE, CASH GENERATIVE GOLD PRODUCER WITH A STRONG GROWTH PROFILE Central Shaft: Attractive new Committed to Significant opportunities: return money increase Bilboes, Motapa to shareholders in production & Maligreen NYSE/AIM/VFEX: CMCL 3
Slide 4: An Overview
An Overview • Established, profitable gold producer expanding production at Central Shaft from the Blanket Mine in the Gwanda Greenstone Belt, Zimbabwe • On 2022 production guidance of between 73,000 – 80,000 ounces at AISC $880-$970/ounces • July 2022: signed an agreement to purchase Bilboes for a
Slide 5: Dividend
Dividend COMMITTED TO RETURN MONEY TO SHAREHOLDERS QUARTERLY DIVIDEND PAYMENTS Quarterly dividend of 16 14 US$0.14 (14c) 12 Dividend yield 10 5.5% *as 11 October 2022 US Dollars 8 6 Dividend payer since 4 2012 2 0 104% Increase Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 in quarterly di
Slide 6: Environment, Social & Governance
Environment, Social & Governance Caledonia aims to maintain and develop sustainable business practices and align them with its corporate strategy. The Company recognises the importance of environmental, social and governance management to its overall strategy. GOVERNANCE & ETHICS HEALTH & SAFETY OUR
Slide 7: Central Shaft
Central Shaft NEAR-TERM GROWTH 7
Slide 8: Investing in growth to 80koz/year from 2022
Investing in growth to 80koz/year from 2022 CONSTRUCTING A NEW MINE BELOW THE CURRENT WORKINGS (2015 TO 2022) Central Shaft will 6m diameter, 4-compartment shaft M&I Resources of 902koz (8.53Mt) at result in a major from surface to 1,200m 3.29g/t, Inferred resources of 866koz improvement in Commissi
Slide 9: New Central Shaft allows development of sub-750m zones
New Central Shaft allows development of sub-750m zones CONSTRUCTING A NEW MINE BELOW THE CURRENT WORKINGS CENTRAL SHAFT NO. 4 SHAFT JETHRO SHAFT 22 LEVEL (750M) Plan illustrative and not to scale NYSE/AIM/VFEX: CMCL 9
Slide 10: Solar PV Project
Solar PV Project OUR DRIVE TOWARDS A MORE SUSTAINABLE FUTURE CONSTRUCTION OF A 12MW SOLAR PLANT AT A COST OF APPROXIMATELY $14 MILLION • Expected to provide approximately 27% of Blanket’s total daily electricity demand: reduce Blanket’s dependence on grid power and improve the quality and security o
Slide 11: The Zimbabwe Opportunity
a Corporati The Zimbabwe Opportunity
Slide 12: The Zimbabwe Opportunity
The Zimbabwe Opportunity CALEDONIA IS ACTIVELY PURSUING NEW OPPORTUNITIES IN ZIMBABWE Zimbabwe has historically produced over 45 million ounces of gold Prior to 2000, Zimbabwe produced more gold than Mali, Tanzania, Burkina Faso, the DRC and Guinea Several prolific gold belts with potential for furt
Slide 13: Bilboes Gold Transaction
Bilboes Gold Transaction NYSE/AIM: CMCL 13
Slide 14: Bilboes Gold Transaction Highlights
Bilboes Gold Transaction Highlights A LARGE SCALE, LOW COST, LONG LIFE GOLD PROJECT • Caledonia has signed an agreement to purchase Bilboes for a total consideration of 5.12m Caledonia shares representing approximately 28.5% of Caledonia’s fully diluted equity, and a 1% NSR on the Project Maligreen
Slide 15: Feasibility Study
Feasibility Study Feasibility Study Highlights Life of Mine 10 Years A LARGE SCALE, LOW-COST, LONG-LIFE ASSET Isabella & McCays 2.88Mtpa Planned Production Rates • The existing DRA feasibility study indicates a robust project with healthy returns and a Bubi 2.160Mtpa substantial margin of safety at
Slide 16: Production
Production COMBINED GROUP CONSOLIDATED PRODUCTION WILL BE IN EXCESS OF 240 THOUSAND OUNCES 243koz 1. Production data for Bilboes is based on the DRA feasibility study. Refer to the technical report entitled "BILBOES GOLD PROJECT FEASIBILITY STUDY" with effective date 15 December 2021 prepared by DRA
Slide 17: Comparison to African Gold Projects - Grade
Comparison to African Gold Projects - Grade Source – Bloomberg, Company Public Statements, Company Technical Reports NYSE/AIM/VFEX: CMCL 17
Slide 18: Comparison to African Gold Projects - Scale
Comparison to African Gold Projects - Scale Source – Bloomberg, Company Public Statements, Company Technical Reports NYSE/AIM/VFEX: CMCL 18
Slide 19: Comparison to African Gold Projects - Price
Comparison to African Gold Projects - Price Source – Bloomberg, Company Public Statements, Technical Reports Note: Abujar and Bombore are already in construction, Nyanzaga is at pre feasibility stage, all other comparators are at feasibility study stage NYSE/AIM/VFEX: CMCL 19
Slide 20: Motapa
Motapa Large scale, excellent geological prospectivity, adjacent to Bilboes • Highly prospective and strategically important to our growth ambitions in Zimbabwe • Project was formerly owned and explored by Anglo American Zimbabwe • Exploration property which is contiguous to the Bilboes gold project
Slide 21: 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 22: Zimbabwe
Zimbabwe SINCE MUGABE THE GOVERNMENT HAS BEEN TRYING TO IMPROVE THE COUNTRY’S BUSINESS CLIMATE AND MAKE IT MORE ATTRACTIVE TO INVESTORS • Indigenisation requirement for all mines to be 51% owned by indigenous shareholders was scrapped in March 2019 • Exporters listed on the Victoria Falls Stock Exch
Slide 23: Outlook
Outlook A COMPANY IN THE ASCENDANCE 23
Slide 24: Caledonia's Vision
Caledonia’s Vision Target production from Central Shaft of 80,000 ounces a year To complete the deal to purchase Bilboes, while restarting oxide mining operations at site. Balance returning money to shareholders and investing in the Company's growth. Strategy of becoming a multi-asset gold producer
Slide 25: 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 26: Appendix
Appendix A RESPONSIBLE MINER 26
Slide 27: Corporate Overview
LISTING AND TRADING Corporate Overview Share price $10.60 STRONG, EXPERIENCED MANAGEMENT TEAM AND BOARD OF DIRECTORS (7 November 2022) Market Cap $136m (7 November 2022) RELATIVE PERFORMANCE VS GDXJ SHAREHOLDERS 52 week low/high (US$) 6.51– 29.39 12M Avg. daily liquidity 70,654 (shares/day) 4% 16% 5
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