Caledonia Mining Corporation Plc · AMEX:CMCL
Caledonia Mining — New York 121 Conference 2020
21 slides from Caledonia Mining's conference presentation, October 2020
Slide 1: Profitable Gold Production, Future Growth
CORPORATE PRESENTATION PROFITABLE GOLD PRODUCTION, NEW YORK 121 CONFERENCE 28 – 30 OCTOBER 2020 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: Building a solid foundation
Building a solid foundation Central Shaft: near-term, low-risk growth 45% increase in production over next 2 years Commitment to return money to shareholders Attractive new opportunities in Zimbabwe
Slide 4: Caledonia Mining: An Overview
Caledonia Mining: An Overview A highly profitable cash generative gold producer with a strong growth profile • Established, profitable gold producer, now expanding production from the Blanket Mine in the Gwanda Greenstone Belt, Zimbabwe • Jersey domiciled company; listed on NYSE MKT and AIM • US$11.
Slide 5: Commitment to Return Money to Shareholders
Dividend Commitment to Return Money to Shareholders Quarterly Dividend Payments 12 10 8 US Dollars 6 4 2 Jan 18 April 2018 July 2018 Oct 2018 Jan 2019 April 2019 July 2019 Oct 2019 Jan 2020 April 2020 July 2020 Oct 2020 0 • Quarterly dividend of US$0.10 (10c) – 45% increase in dividend since Oct 201
Slide 6: Growth Potential v Dividend Yield
Growth Potential v Dividend Yield High Growth Potential Caledonia has huge growth potential when compared to its dividend paying peers Profitable Gold Production, Future Growth NYSE/AIM: CMCL / 6
Slide 7: Corporate Overview
Corporate Overview Strong, experienced management team and board of directors Relative Performance vs GDXJ Capital Structure 800 Shares in issue (11th September 2020) 12.1m 700 Options 38,000 600 Relative performance rebased to 100 Cash (30th June 2020)* $11.7m 500 Net Assets (30th June 2020)* $138m
Slide 8: COVID-19
COVID-19 No Effect on Production; Minor Delay to the Central Shaft • Donations to the Chamber of Mines and communities in Q2 2020 of $1,049,000 to assist with the Covid-19 pandemic • Operations during the 3-week lockdown (in early April) ran at 93% of planned production and production in the whole o
Slide 9: Solar PV Project
Solar PV Project Our Drive Towards a More Sustainable Future • Approved the construction of a 12MW solar plant at a cost of approximately $12 million • Expected to reduce Blanket’s dependence on grid power and improve the quality and security of Blanket’s electricity supply • Expected to provide app
Slide 10: Central Shaft: Near-Term Growth
CENTRAL SHAFT NEAR-TERM GROWTH
Slide 11: 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 2020) 6m diameter, 4-compartment shaft from surface to 1,200m Scheduled for commissioning late 2020 Shaft sinking completed in July 2019; currently shaft equipping Mining and exploration access be
Slide 12: New Central Shaft drives development of sub-750m zones
New Central Shaft drives 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 / 12
Slide 13: Strong free cash flows expected from 2020 onwards
Strong free cash flows expected from 2020 onwards Declining capex and increasing cash generation M&I Resources only Budget @ $1,600/oz 45 Historic Data as per NI 43-101 40 Technical Report 35 • Production post 2022 is expected to come from a combination of Measured, 30 Indicated and Inferred Resourc
Slide 14: Zimbabwe: Attractive New Opportunities
ZIMBABWE ATTRACTIVE NEW OPPORTUNITIES
Slide 15: The Zimbabwe Opportunity
The Zimbabwe Opportunity Very little gold mining exploration in Zimbabwe in the last 20 years Investment Criteria Brownfield exploration projects or new developments: not existing large-scale mines Minimum target resource of 1 million ounces Minimum target production of 50,000 ounces per annum Minim
Slide 16: The Zimbabwe Opportunity
The Zimbabwe Opportunity World-class gold potential: under-explored and under-capitalized Historic & current 1Moz+ producers Harare Production: >4Moz Existing Resources: approx. 1.9Moz Average Grade: approximately 3g/t Gweru Production: >15Moz Existing Resources: approx. 1.9Moz Average Grade: approx
Slide 17: CSR: A Responsible Miner
CSR A RESPONSIBLE MINER
Slide 18: Corporate Social Responsibility
Corporate Social Responsibility Caledonia is a socially conscious responsible business Our CSR strategy is designed to deliver a strategic, sustainable response to some community needs. Our focus areas are defined under the following five sustainability pillars: Education Health Agriculture Environm
Slide 19: Outlook: A Company in the Ascendance
OUTLOOK A COMPANY IN THE ASCENDANCE
Slide 20: Strategy & Outlook
Strategy & Outlook Increased free cash flow to grow dividends and invest for further production Short Term (2020 – 2022): Complete the Central Shaft Project • Increase production to 80,000 ounces per annum from 2022 • Increased cash flows due to higher production, lower unit costs and reduced capex
Slide 21: Contacts
CONTACTS London Financial PR : Blytheweigh Website: www.caledoniamining.com Tim Blythe, Megan Ray Share Codes: NYSE American – CMCL Tel: +44 (0) 207 138 3205; +44 (0) 207 138 3222 AIM London SE – CMCL North America IR: 3ppb LLC Caledonia: Patrick Chidley, Paul Durham Mark Learmonth, CFO Tel: +1 917