Caledonia Mining Corporation Plc · AMEX:CMCL
Caledonia Mining — Investor Presentation (January 2023)
24 slides from Caledonia Mining's investor presentation, January 2023
Slide 1: Corporate Presentation 2023
Corporate Presentation 2023 CASH GENERATIVE GOLD PRODUCER 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: 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 acquisitions: return value increase Bilboes, Motapa to shareholders in production & Maligreen NYSE/AIM/VFEX: CMCL 3
Slide 4: An Overview
An Overview • Established, cash generative gold producer and exploration focused in Zimbabwe • Jersey domiciled company; listed on NYSE, AIM & VFEX • Significantly increased production at Central Shaft from the Blanket Mine • 2022 production of 80,775 ounces Blanket quarterly production • January 20
Slide 5: Dividend
Dividend COMMITTED TO RETURN MONEY TO SHAREHOLDERS QUARTERLY DIVIDEND PAYMENTS 16 Quarterly dividend of 14 US$0.14 (14c) 12 Dividend yield 10 4% US Dollars 8 *as 12 January 2023 6 Dividend payer since 4 2012 2 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 104% Increase 2018 2018 2018
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 PRODUCTION INCREASED TO 80,000 OUNCES PER ANNUM 7
Slide 8: Investing in growth to 80koz/year from 2022
Investing in growth to 80koz/year from 2022 CONSTRUCTED 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 Commissio
Slide 9: New Central Shaft allows development of sub-750m zones
New Central Shaft allows development of sub-750m zones A NEW MINE CONSTRUCTED BELOW THE EXISTING MINE ABOVE 750M CENTRAL SHAFT NO. 4 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 COMPLETED CONSTRUCTION OF A 12MW SOLAR PLANT AT A COST OF APPROXIMATELY $14.3 MILLION • Provides approximately 27% of Blanket’s total daily electricity demand • Reduces dependence on grid power and improve quality and reliability of electr
Slide 11: The Zimbabwe Opportunity
a Corporati 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 Gold Transaction Highlights
Bilboes Gold Transaction Highlights Feasibility Study Highlights A LARGE SCALE, LOW-COST, LONG-LIFE OF MINE Life of Mine 10 Years • January 2023 completed purchase of Bilboes; Planned Production Rates Isabella & McCays 2.88Mtpa Bubi 2.160Mtpa • 5.12m Caledonia shares = 28.5% of Caledonia’s fully dil
Slide 15: Comparison to African Gold Projects - Grade
Comparison to African Gold Projects - Grade Source – Bloomberg, Company Public Statements, Company Technical Reports NYSE/AIM/VFEX: CMCL 15
Slide 16: Comparison to African Gold Projects - Scale
Comparison to African Gold Projects - Scale Source – Bloomberg, Company Public Statements, Company Technical Reports NYSE/AIM/VFEX: CMCL 16
Slide 17: 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/initial production, Nyanzaga is at pre feasibility stage, all other comparators are at feasibility study stage NYSE/AIM/VFEX: CMCL 17
Slide 18: Motapa
Motapa Large scale, excellent geological prospectivity, adjacent to Bilboes • Highly prospective exploration • Project was formerly owned and property explored by Anglo American Zimbabwe • Contiguous to the Bilboes gold • Has a mining lease covering project, approximately 75km north approximately 2,
Slide 19: 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 20: Outlook
Outlook A COMPANY IN THE ASCENDANCE 20
Slide 21: Caledonia's Vision
Caledonia’s Vision Continue 80,000-ounce target p.a from Blanket Mine Growth supported by cash generation from stable production at Blanket Start to progress new assets, while restarting oxide mining operations at Bilboes Balance returning money to shareholders and investing in the Company's growth.
Slide 22: 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 23: Appendix
Appendix A RESPONSIBLE MINER 23
Slide 24: Corporate Overview
LISTING AND TRADING Corporate Overview Share price $15.44 STRONG, EXPERIENCED MANAGEMENT TEAM AND BOARD OF DIRECTORS (13 January 2023) Market Cap $252m (13 January 2023) RELATIVE PERFORMANCE VS GDXJ SHAREHOLDERS 52 week low/high (US$) 8.75– 18.23 3M Avg. daily liquidity 30,790 (shares/day) 13.19% 8.
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