Caledonia holds a 64% stake in the Blanket Mine.In 2022

Caledonia holds a 64% stake in the Blanket Mine.In 2022, the Blanket Mine achieved a notable production milestone of 80,000 ounces of gold.The primary objective for the Blanket Mine is to maintain a stable production rate of approximately 75,000 to 80,000 ounces of gold annually.

Caledonia owns 100% of the Bilboes mine.The Company is focused on completing a feasibility study for the Bilboes mine, a critical step towards expanding its production capabilities.

Caledonia also owns 100% stakes in the Motapa and Maligreen gold mining claims.These claims are integral to Caledonia’s strategy of expanding its asset base and increasing gold production.

Caledonia aims to maintain steady production levels at the Blanket Mine while exploring opportunities to enhance efficiency and output.Completing the feasibility study for the Bilboes mine is a key priority. This will inform the development and operational strategies for this asset, contributing to Caledonia’s goal of becoming a multiasset gold producer in Zimbabwe. Caledonia’s strategic vision includes leveraging its diverse portfolio of mining claims and assets to establish itself as a leading multiasset gold producer in Zimbabwe.