Caledonia Mining Corporation Plc: Blanket Exploration Results

Caledonia Mining announced significant near-surface gold mineralization at its Blanket mine, defining a previously unknown zone containing oxide and sulphide material. The discovery suggests a potential new orebody not exploited by the underground mine, with oxide material suitable for low-cost heap leaching. Metallurgical test work is underway to evaluate the oxide mineralization's amenability to conventional heap leaching, with preliminary results described as encouraging. An updated resource statement incorporating these findings is expected in August 2026.

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