Caledonia Mining Corporation Plc - Correction to announcement regarding publication of Annual Report on Form 20-F exhibiting Technical Report Summaries
ST HELIER, April 28, 2023 - Caledonia Mining Corporation plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) ("Caledonia" or the "Company") announces that further to its announcement this morning that it is today filing with the U.S. Securities and Exchange Commission on EDGAR the Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2022 (the "Annual Report"), minor calculation errors in grade numbers in the last row (Grand total) in the first table in the announcement, being the comparison of the subpart 1300 of Regulation S-K measured, indicated and inferred mineral resource estimates as at December 31, 2022 with those of December 31, 2021 at the Blanket Gold Mine, have been identified.
The corrected table is as follows, with the changed grade numbers and variance underlined for ease of reference:
| December 31, 2022 | December 31, 2021 | % Variance | ||||||||||
| Mineral Resource Classification | Tonnes | Au | Ounces | Tonnes | Au | Ounces | Tonnes | Au | Ounces | |||
| kt | g/t | koz | kt | g/t | koz | kt | g/t | koz | ||||
| Measured Total | 1,855 | 3.10 | 185 | 554 | 2.80 | 48 | 235 | % | 11 | % | 282 | % |
| Indicated Total | 2,363 | 2.89 | 220 | 1,585 | 2.78 | 142 | 49 | % | 4 | % | 55 | % |
| M&I Total | 4,218 | 2.98 | 405 | 2,139 | 2.77 | 190 | 97 | % | 8 | % | 113 | % |
| Inferred Total | 5,748 | 2.92 | 539 | 5,419 | 3.17 | 552 | 6 | % | -8 | % | -2 | % |
| Grand total | 9,967 | 2.94 | 944 | 7,558 | 3.06 | 743 | 32 | % | -4 | % | 27 | % |
| Enquiries: Caledonia Mining Corporation plc Mark Learmonth Camilla Horsfall | Tel: +44 1534 679 800 Tel: +44 7817 841 793 |
| Cenkos Securities plc (Nomad and Joint Broker) Adrian Hadden Neil McDonald Pearl Kellie | Tel: +44 207 397 1965 Tel: +44 131 220 9771 Tel: +44 131 220 9775 |
| Liberum Capital Limited (Joint Broker) Scott Mathieson/Kane Collings | Tel: +44 20 3100 2000 |
| BlytheRay Financial PR (UK) Tim Blythe/Megan Ray | Tel: +44 207 138 3204 |
| 3PPB (Financial PR, North America) Patrick Chidley Paul Durham | Tel: +1 917 991 7701 Tel: +1 203 940 2538 |
| Curate Public Relations (Zimbabwe) Debra Tatenda | Tel: +263 77802131 |
| IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe) Dzika Danha | Tel: +263 (242) 745 119/33/39 |