Caledonia Mining Corporation Plc (CMCL)

Caledonia Mining Corporation Plc: Refiling of Bilboes Gold Project Feasibility Study National Instrument 43-101 Technical ReportMay 22, 2026 2:00 AM
ACCESS Newswire(NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL)SAINT HELIER, JE / ACCESS Newswire / May 22, 2026 / On November 24, 2025, Caledonia Mining Corporation Plc (the "Company") filed the "Bilboes Gold Project Technical Report Summary" with effective date October 31, 2025 prepared by DRA Projects (Pty) Ltd ("DRA") on EDGAR as an exhibit to a Form 6-K Report of Foreign Private Issuer (the "Feasibility Study").In accordance with Canadian securities regulations, the Company then filed on January 6, 2026 the "Bilboes Gold Project Feasibility Study National Instrument 43-101 Technical Report" with effective date October 31, 2025 prepared by DRA on SEDAR+ (the "Canadian Report ").Staff at the Ontario Securities Commission (the "OSC") have reviewed the Canadian Report and identified that some of the authors listed by DRA as qualified persons in the report did not meet the definition of a qualified person under National Instrument 43-101. DRA has therefore updated the Canadian Report by replacing those authors with individuals that meet the definition of a qualified person, and the updated Canadian Report, which is entitled "Bilboes Gold Project Matabeleland Zimbabwe National Instrument 43-101 Technical Report", was filed on SEDAR+ yesterday.Under US mining disclosure rules, DRA is able to act as the sole qualified person and therefore the Feasibility Study is unchanged. For the avoidance of doubt, there is no effect on the Bilboes Gold Project and the aforementioned change is solely to comply with Canadian mining disclosure rules.Enquiries:Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)
Adrian Hadden
Pearl Kellie
Tel: +44 207 397 1965
Tel: +44 131 220 9775Camarco, Financial PR (UK)
Elfie Kent
Tel: +44 20 3757 4980Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd Mlotshwa
Tel: +263 (242) 745 119/33/39SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc: Refiling of Bilboes Gold Project Feasibility Study National Instrument 43-101 Technical Report

With Gold Above $4,500 and Crews on the Ground, This Permitted Tanzanian Developer Just Closed Its Funding StackMay 20, 2026 9:15 AM
PR Newswire (US) Issued on behalf of Lake Victoria Gold Ltd.Lake Victoria Gold closes the final tranche of its convertible debenture financing as sterilization drilling advances at the fully permitted Imwelo Gold Project — moving the Company another step closer to construction in a record gold-price environment.USA News Group News CommentaryVANCOUVER, BC, May 20, 2026 /PRNewswire/ -- Gold spent the past twelve months printing a sequence of records that has reset the financial calculus of the entire mining sector. Between May 2025 and May 2026, the bullion price climbed from roughly US$3,335 to a recent range of US$4,500–US$4,700 per ounce, a year-over-year gain of more than 40%. [1] J.P. Morgan now forecasts a Q4 2026 average of US$5,055; TD Securities models a full-year 2026 average of US$4,831 with highs near US$5,400. [2] Q1 2026 global gold demand reached 1,231 tonnes worth a record US$193 billion, up 74% in dollar value year-on-year. [2] The metal has become, by any reasonable measure, the trade of the decade. In that environment, capital chases two kinds of companies. The first is the major producer with operating mines that translate every dollar of price into cash flow. The second — quieter, smaller, and more leveraged to outcomes — is the near-term developer who has a permitted project, a credible plan to fund it, and crews actually on the ground. Today's news puts one of those names a step closer to that transition.Lake Victoria Gold Closes the StackLake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) announced today that it has completed the second tranche of its non-brokered private placement of unsecured convertible debentures, bringing aggregate gross proceeds raised to date to C$3,834,200. In light of continued strong investor participation, the Company also announced its intention to upsize the financing to up to C$5 million, subject to TSX Venture Exchange approval. The financing, alongside the previously announced binding term sheet with Monetary Metals & Co. for a gold loan facility of up to US$25 million, which the Company continues to advance toward definitive documentation and closing, forms part of the broader funding strategy being assembled to advance its fully permitted Imwelo Gold Project in Tanzania toward construction.The debenture structure is straightforward. Each debenture bears 5% interest paid semi-annually in cash, matures 36 months from issuance, and is convertible at the holder's option into common shares at a conversion price of C$0.30 per share. Investors in the 2nd tranche also received warrants exercisable at C$0.40 for 36 months — 499,997 warrants in this tranche and 6,390,324 warrants across the two tranches in total. Proceeds will be deployed against ongoing engineering, mine planning, infrastructure preparation, and development activities at Imwelo, with additional support for the Tembo Project and general corporate purposes. [3]Importantly, the financing is closing while activity at site is already underway, rather than as a precondition to mobilization. That sequencing matters.Sterilization Drilling Now UnderwayLake Victoria Gold commenced its sterilization drilling program on May 12, 2026. The program is designed not to find gold, but to confirm that the ground beneath planned plant facilities, waste rock placement areas, haul roads, and other surface infrastructure is not itself mineralized — a critical pre-construction workstream that locks in final infrastructure placement and detailed site layout. [3]As of the announcement, 8 of 21 planned boreholes have been completed, representing roughly 39% of the program and 411 metres of the planned 1,050 metres. Drilling is expected to continue through May and early June. Results will support final infrastructure placement, detailed engineering and mine planning, final pit design and scheduling, and ongoing geotechnical work. [3]Marc Cernovitch, CEO & Director of Lake Victoria Gold, commented: "The continued support for this financing reflects growing confidence in Imwelo and our broader development strategy in Tanzania. Importantly, site activities are now actively underway, with sterilization drilling having commenced on May 12th in support of final infrastructure placement and detailed site engineering.  With drilling and multiple technical workstreams progressing in parallel, we continue to advance Imwelo toward construction readiness while maintaining our focus on a disciplined pathway toward near-term gold production."[3]Why Imwelo Stands OutImwelo is not a discovery story. It is a permitted, near-term construction story located 12 km west of AngloGold Ashanti's Geita Gold Mine in northern Tanzania, one of East Africa's most prolific gold-producing regions. The project is fully permitted for mine construction and production, and underwent a JORC-compliant 2021 pre-feasibility study. Subsequent metallurgical testwork has confirmed gold recoveries of up to ~97% using a conventional gravity + carbon-in-leach flowsheet — a result that materially de-risks the processing assumptions feeding the project's economics. Construction is targeted for later in 2026 with first gold expected in 2027. [4]The funding stack now in place reflects a deliberate choice to minimize equity dilution at this stage. On April 1, 2026, the Company announced a binding term sheet with Monetary Metals & Co. for a gold loan facility of up to 6,000 ounces of gold (approximately US$25 million at recent prices) — a non-dilutive, project-level structure with repayment denominated in gold ounces rather than cash, aligning the facility with future production from Imwelo. The Company has continued to advance the Monetary Metals facility toward closing in parallel with site activity. [4] The convertible debentures closed today layer on top of that financing, providing additional flexibility through engineering and mine planning.This is the kind of capital structure that has historically marked the inflection point in a developer's life cycle: permits in hand, funding sources structured, drilling moving from exploration to engineering support, and a clear line of sight to a construction decision.And There's TemboWhile Imwelo is the near-term production lever, Lake Victoria Gold's flagship Tembo Project remains the larger long-term value proposition. The Company holds a 100% interest in Tembo, which sits directly adjacent to Barrick Mining Corporation's Bulyanhulu mine — a high-grade, narrow-vein underground gold operation that has anchored Tanzanian gold production since 2001 and forms part of a combined Tier 1 complex (with North Mara) producing more than 500,000 ounces of gold annually. More than 50,000 metres of drilling has already been completed on the Tembo property. [4]Under an Asset Purchase Agreement signed in December 2021 and executed in 2022, Lake Victoria Gold sold six prospecting licenses to Bulyanhulu Gold Mine Limited — a joint venture between Barrick and the Government of Tanzania — with the deal structured to include up to US$45 million in contingent payments tied to future discoveries or defined resource thresholds on those licenses. Quarterly exploration updates from Barrick on those licenses have continued to advance the geological understanding of the Tembo Inlier. The Company retains its 100% interest in the surrounding Tembo property, where management believes the same Bulyanhulu-style mineralization may extend. [4]Taifa Group, Tanzania's largest mining contractor with more than 30 years of experience and long-standing relationships with Barrick, AngloGold Ashanti, Petra, and De Beers, is the strategic partner providing contract mining and civil works for Imwelo through its wholly-owned subsidiary Taifa Mining. Taifa also holds an equity stake in Lake Victoria Gold. [4]Four Names Riding the Same WaveLake Victoria Gold is far from the only publicly traded gold name benefiting from the current price environment. A look at recent quarterly results and corporate updates from peer gold producers and developers shows just how much capital is flowing through the sector right now.Perpetua Resources Corp. (Nasdaq: PPTA)Perpetua is advancing the Stibnite Gold Project in central Idaho, which the Trump administration has fast-tracked as part of the U.S. critical minerals strategy. The Company broke ground on early works construction in October 2025 and on May 11, 2026 reported Q1 2026 results highlighting that the U.S. Export-Import Bank has advanced an approximately US$2.7 billion proposed senior secured loan to a final board vote, with multiple permitting milestones also progressing. [5] A final investment and construction decision is expected in the second half of 2026. The project carries gold reserves of approximately 4.8 million ounces and is projected to produce ~450,000 ounces annually over its first four years, while supplying up to 35% of U.S. antimony demand during its first six years. EPCM responsibilities are being handled by Hatch Ltd. [6]Galiano Gold Inc. (NYSE American: GAU)Galiano operates the Asanko Gold Mine in Ghana — a direct West African producer comp. The Company reported Q1 2026 results on May 13, 2026, with gold production of 34,747 ounces, up 68% year-over-year, and revenue of US$166.5 million on an average realized gold price of US$4,857 per ounce. Net income reached US$32.7 million and adjusted EBITDA hit US$93.4 million, up 364% from Q1 2025. The Company ended the quarter with US$114.9 million in cash and no debt. [7] Full-year production guidance of 140,000–160,000 ounces was maintained, and the 2026 exploration budget was increased from US$17 million to US$25 million following positive initial results at Esaase. [7]Orla Mining Ltd. (NYSE: ORLA)Orla, which operates the Camino Rojo mine in Mexico and the Musselwhite mine in Ontario, reported Q1 2026 results on May 11, 2026 — beating consensus on both EPS and revenue. Q1 gold production was 81,206 ounces, generating US$378.9 million in revenue and US$75.4 million in net income, with operating cash flow of US$103.5 million and a cash position of US$427 million. [8] The Company is advancing the South Railroad project in Nevada toward a mid-2026 construction decision, with an updated feasibility study showing an after-tax NPV (5%) of US$1.7 billion and a 95% IRR at US$4,500/oz gold. South Railroad is projected to move Orla toward annual production of 500,000 ounces across its portfolio. [8]Caledonia Mining Corporation Plc (NYSE American: CMCL)Caledonia operates the Blanket Mine in Zimbabwe and is advancing the Bilboes Gold Project, also in Zimbabwe, toward construction — a profile that closely mirrors the producer-plus-developer model Lake Victoria Gold is targeting. Q1 2026 results, reported on May 11, 2026, showed revenue up 18.3% to US$66.4 million and EBITDA up 50.2% to US$33.9 million, with average realized gold prices climbing 66.3% to US$4,816 per ounce. Free cash flow more than doubled to US$12.3 million. [9] In January 2026, Caledonia closed a US$150 million convertible senior notes offering — one of Zimbabwe's largest overseas fundraisings in nearly a decade — to advance Bilboes, where a November 2025 Feasibility Study supported expected production of approximately 200,000 ounces in the first full year with first gold targeted for late 2028. [10]Where Lake Victoria Gold FitsEach of those four names sits at a different point on the producer-to-developer spectrum, but the common thread is clear: when gold trades above US$4,500, a permitted project with a credible funding stack and crews on site is a structurally scarce asset. Lake Victoria Gold is targeting exactly that profile. Imwelo is fully permitted. Metallurgical recoveries of ~97% are confirmed. The funding picture is structured and advancing — a binding term sheet for up to US$25 million in non-dilutive gold-denominated debt from Monetary Metals, plus the C$3.83 million convertible debenture financing closed today. Sterilization drilling is roughly 39% complete and tracking on schedule. Construction is targeted for later in 2026; first gold is expected in 2027. The Tembo Project, with its 50,000-metre drilling history adjacent to Barrick's Bulyanhulu mine and up to US$45 million in contingent Barrick payments still in play, sits behind it as a multi-year exploration lever.Whether the share price ultimately reflects that pathway depends on execution, gold's own trajectory through 2026 and 2027, and a long list of factors outside the Company's control — Tanzanian fiscal and regulatory developments, capital cost inflation, construction sequencing, and the rest of the universe of mining-development risk. But the disciplined pathway toward near-term gold production that Lake Victoria Gold's CEO referenced today is one that the broader market is currently pricing at a premium across the sector.The Bottom LineGold is sitting at multi-decade real-price highs. Institutional forecasters are calling for US$5,000+ by year-end. Capital is flowing back into the development cohort across every gold-producing jurisdiction in the world. Against that backdrop, Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) has closed the final tranche of its convertible debenture financing, continues to advance a binding-term-sheet US$25 million Monetary Metals gold loan facility toward definitive close, mobilized rigs to its fully permitted Imwelo Gold Project, and reported that 39% of its sterilization drilling program is already complete. Construction-stage workstreams are now progressing in parallel. As always, investors should do their own research and consult a qualified financial advisor before making any decision.For more information on Lake Victoria Gold Ltd., visit: https://usanewsgroup.com/lvg-landingContact:
USA News Group
info @therooster-2873Sources:[1] https://fortune.com/article/current-price-of-gold-05-18-2026/[2] https://goldsilver.com/industry-news/article/gold-price-outlook-may-2026-why-institutional-forecasters-still-see-5000/[3] https://lakevictoriagold.com/news/[4] https://www.streetwisereports.com/article/2026/05/11/gold-explorer-mobilizes-rigs-targets-breakthrough-in-tanzania.html[5] https://www.prnewswire.com/news-releases/perpetua-resources-announces-first-quarter-2026-financial-results-302768145.html[6] https://www.prnewswire.com/news-releases/perpetua-resources-breaks-ground-on-the-stibnite-gold-project-302590660.html[7] https://www.galianogold.com/news/news/news-details/2026/Galiano-Gold-Reports-First-Quarter-2026-Results/default.aspx[8] https://orlamining.com/news/orla-mining-reports-first-quarter-2026-financial-results/[9] https://www.accessnewswire.com/newsroom/en/metals-and-mining/caledonia-mining-corporation-plc-abridged-and-unaudited-quarterly-results-and-det-1165629[10] https://www.stocktitan.net/news/CMCL/caledonia-outlines-funding-strategy-to-advance-the-bilboes-gold-rpqe0qqxh5h6.htmlDISCLAIMER / DISCLOSURE:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice.Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group  is a wholly-owned subsidiary of Market IQ Media Group, Inc. (MIQ). MIQ has been paid a fee for Lake Victoria Gold Ltd. advertising And digital media. There may also be 3rd parties who may have shares of Lake Victoria Gold Ltd. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Lake Victoria Gold Ltdand reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scottis a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company. Cautionary Note on Production Decision: Although Imwelo has been the subject of JORC-compliant PEA, PFS and updated PFS work, these foreign-code studies are not current under NI 43-101. The Company has not completed a feasibility study on Imwelo that establishes mineral reserves demonstrating economic and technical viability and isnot treating the JORC-based estimates or analyses as current under CIM Definition Standards. Any decision to commence production is not based on a feasibility study of mineral reserves and therefore involves increased uncertainty and a higher risk of economic and technical failure. There is no certainty that the planned low-capex open-pit operation will be economically viable or that production will occur as anticipated. Risks include, without limitation, variations in grade and recovery, unexpected geotechnical or metallurgical challenges, cost overruns, funding availability, and operational, regulatory, orpermitting risks.; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to bereliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur asexpected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Logo - https://mma.prnewswire.com/media/2838876/5979874/USA_News_Group_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/with-gold-above-4-500-and-crews-on-the-ground-this-permitted-tanzanian-developer-just-closed-its-funding-stack-302777398.htmlSOURCE USA News Group Original: With Gold Above $4,500 and Crews on the Ground, This Permitted Tanzanian Developer Just Closed Its Funding Stack

Caledonia Mining Corporation Plc: Non-Executive Director Shareholding NotificationMay 15, 2026 2:00 AM
ACCESS Newswire(NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL)SAINT HELIER, JE / ACCESS Newswire / May 15, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it received notification on May 14, 2026 that Mr July Ndlovu, a non-executive director and Chairman of Caledonia, has purchased 15,000 common shares in the Company on May 13, 2026 at a price of $24.81 per share.A copy of the notification is below.Enquiries:Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)
Adrian Hadden
Tel: +44 207 397 1965Camarco, Financial PR (UK)
Elfie Kent
Tel: +44 20 3757 4980Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd Mlotshwa
Tel: +263 (242) 745 119/33/39NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM1Details of the person discharging managerial responsibilities/person closely associateda)NameMr July Ndlovu 2Reason for the notificationa)Position/statusNon-Executive Director and Chairman b)Initial notification/ AmendmentInitial notification 3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameCaledonia Mining Corporation Plc b)LEI21380093ZBI4BFM75Y51 4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrumentIdentification codeCommon shares of no par valueJE00BF0XVB15 b)Nature of the transactionPurchase of securities c)Price(s) and volume(s)Price(s)Volume(s)US$24.8115,000 d)Aggregated information- Aggregated volume- PriceN/A e)Date of the transactionMay 13, 2026 f)Place of the transactionNYSE American LLC SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc: Non-Executive Director Shareholding Notification

Caledonia Mining Corporation Plc - Abridged and Unaudited Quarterly Results and Details of Management Conference Call for the First Quarter Ended March 31, 2026 ("the Quarter" or "Q1 2026")May 11, 2026 6:18 AM
ACCESS Newswire(NYSE American:CMCL)(AIM:CMCL)(VFEX:CMCL)SAINT HELIER, JE / ACCESS Newswire / May 11, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company" and together with its subsidiaries "the Group") is pleased to report its financial and operating performance for the Quarter.Summary for QuarterRevenue increased by 18.3% to US$66.43 million, compared with US$56.18 million in the first quarter of 2025 ("Q1 2025" or the "comparative quarter"), driven primarily by a significantly higher average realised gold price.Gold production and sales:Blanket Mine ("Blanket") produced 14,767 ounces ("oz") of gold in Q1 2026 and sold 13,372 oz, with 3,656 oz of gold bullion on hand at Quarter end.Consolidated gold sales (including production from the Bilboes oxide operation) were 13,784 oz, compared to 19,388 oz in the comparative quarter.Production during the Quarter was adversely affected primarily by constrained access to higher-grade areas. This meant that although tonnes milled were slightly higher than the comparative quarter, the head grade reduced from 3.1g/t to 2.5g/t, resulting in a lower recovery. As a result of the lower grade and lower recovery, gold production was reduced and cost per ounce increased.Gross profit increased by 19.2% to US$32.10 million, compared to US$26.93 million in Q1 2025, reflecting improved margins due to the higher average realised gold price.EBITDA increased by 50.2% to US$33.87 million, compared with US$22.55 million in Q1 2025, representing a substantial improvement driven by higher gold prices.Profit after tax increased by 69.4% to US$18.91 million, compared with US$11.16 million in Q1 2025.Net cash generated from operating activities increased by 41.5% to US$18.87 million (Q1 2025: US$13.34 million).Unit Costs:Total costs, both on-mine and all in sustaining cost ("AISC") remained largely within range; however, lower sales volumes resulted in higher on-mine cost and AISC per oz sold due to reduced operating leverage.Consolidated on-mine cost averaged US$1,740/oz sold which was higher due to the lower production volumes.Similarly, the AISC averaged US$2,765/oz sold, based on 13,784 oz sold.Free cash flow increased to US$12.28 million, compared with US$4.86 million in Q1 2025.Basic earnings per share ("EPS") increased by 77.8% to US$0.80 (Q1 2025: US$0.45), driven by higher profitability.Quarterly dividend: Caledonia announces today that the board of directors of the Company (the "Board") has approved a dividend of 14 cents per share which will be paid on June 5, 2026.Bilboes Gold Project: Following the publication of the Feasibility Study in November 20251 and the successful completion of the US$150 million convertible senior notes offering in January 2026, progress continues on advancing the financing of the Bilboes project, including both the interim facility and the broader project finance facility, in line with the Group's previously disclosed financing strategy.Blanket exploration: As announced by the Company on April 7, 2026, encouraging deep-level drilling results continued to demonstrate the continuity and quality of the Blanket, Eroica and Lima orebodies at depth, supporting confidence in the long-term sustainability of Blanket.1Refer to "Bilboes Gold Project Technical Report Summary" with effective date October 31, 2025 prepared by DRA Projects (Pty) Ltd and filed by the Company on EDGAR as an exhibit to a Form 6-K Report of Foreign Private Issuer on November 24, 2025 (the "Feasibility Study")OPERATING RESULTS SUMMARY 3-Months 2026 3-Months 2025 % ? SAFETY Group LTIFR (per 1m hours) a, e 0.0 2.4a -100.0%Group TIFR (per 1m hours)a, f 2.2 4.8a -54.3%UNDERGROUND MININGb Ore broken in tonnes (t) ('000's) 188.4 218.5 -13.8%Ore hoisted in tonnes (t) ('000's) 191.3 211.3 -9.5%PROCESSINGb Ore processed/milled (t) ('000's) 202.2 201.7 0.2%Head/feed grade (grams/tonne) 2.5 3.1 -19.4%Gold recovery (%) 91.9 93.6 -1.8%Gold production (oz) 14,767 18,671 -20.9%COSTS AND SALES Gold sold (oz) 13,784 19,388 -28.9%On-mine costs (US$ 000) 23,990 23,295 3.0%On-mine costs (US$/oz sold) 1,740 1,202 44.8%AISC (US$ 000) 38,121 34,835 9.4%AISC (US$/oz sold) 2,765 1,797 53.9%Average realised gold price (US$/oz) 4,816 2,896 66.3%FINANCIALSc Revenue (US$ 000) 66,433 56,178 18.3%EBITDA (US$ 000) 33,866 22,552 50.2%Profit after tax (US$ 000) 18,913 11,163 69.4%Capital expenditure (US$ 000)d 5,278 5,765 -8.4%Free cash-flow (US$ 000) 12,283 4,862 152.6%Basic earnings per share ($) 0.80 0.45 77.8%Diluted earnings per share ($) 0.80 0.45 77.8%Previously reported in 200,000 man hours.The production summaries above only show Blanket's results. Bilboes oxide mine contributes marginally to the overall results; however, due to materiality, its numbers have not been included above.Refer to the financial statements' appendices at the end of this announcement for some of the lines in the summary above.The capex relates to Blanket only.LTIFR - lost time injury frequency rate.TIFR - total incident frequency rate.Chief Executive Officer's CommentMark Learmonth, Caledonia's Chief Executive Officer, commented:"The financial performance in the Quarter benefited from a higher gold price, which offset the impact of lower production, with revenue increasing by 18.3% to US$66.43 million, EBITDA rising 50.2% to US$33.87 million and free cash flow of US$11.93 million, reflecting the benefit of higher gold prices."Production during the Quarter was adversely affected primarily by constrained access to higher-grade areas. This meant that although tonnes milled was slightly higher than the comparative quarter, the head grade reduced from 3.1g/t to 2.5g/t, resulting in a lower recovery. As a result of the lower grade and lower recovery, gold production was reduced and cost per ounce increased."Measures to improve the grade have already been implemented: the grade has improved month-on-month during the Quarter, and the improvement has continued into April. As previously advised, we expect production to be weighted towards the second half of the year and we reiterate our full-year production guidance at Blanket of 72,000 to 76,500 ounces."Encouraging deep-level drilling results at Blanket continue to demonstrate the continuity and quality of the orebodies at depth, reinforcing our confidence in the long-term future of the mine and the sustainability of the Group's production profile."We continue to trade in line with market expectations and with a strong gold price environment, improving operational performance at Blanket and continued progress towards developing Bilboes, we remain confident in our strategy and our ability to deliver long-term value for shareholders."WEBCASTThe Company will host a remote presentation for analysts and investors on its abridged and unaudited operating and financial results for the Quarter on Monday May 11, 2026 at 2:00pm London time, followed by an opportunity to ask questions.Webcast link: https://stream.brrmedia.co.uk/broadcast/69dcf53466d5600014e43c01SafetySafety performance at Blanket remained stable during Q1 2026. Safety performance strengthened across the board, with the TIFR dropping to 2.22, while LTIFR improved to zero, outperforming the comparative quarter.Management remains committed to the continued enhancement of safety performance through sustained focus on training, auditing and risk management. Caledonia continues to implement proactive measures to improve safety performance, with increased near miss reporting supporting ongoing efforts to strengthen safety awareness and engagement across the workforce. Engineering controls have been implemented where relevant to prevent incident occurrence and recurrence. Training, audits and fatal risk management initiatives progressed during the Quarter, alongside emergency response drills and crisis management exercises.ProductionDuring the Quarter, 180 thousand tonnes of ore were processed from underground sources at an average head grade of 2.6 g/t delivered to the plant, with a further 22 thousand tonnes treated from the stockpile at an average head grade of 1.8 g/t delivered to the plant. Gold production for the Quarter was 14,767 ounces, compared with 18,671 ounces in Q1 2025.Production in the Quarter was lower than anticipated, primarily due to lower mined grades. This reflected the mining sequence and constrained access to higher grade, higher volume areas. Performance during the Quarter was also impacted by equipment availability issues and challenging ground conditions in certain areas, which temporarily limited access to some planned ore sources.Processing performance remained robust, with tonnes milled exceeding expectations, partially mitigating the impact of lower grades.These challenges are being addressed through ongoing mine development, including the appointment of a contractor to accelerate access to higher grade ore sources, and the implementation of a revised mine shift system, which will increase operations from six to seven days per week. The new shift system is expected to reduce worker fatigue and support increased ore production. In the short term, additional ore production will be stockpiled to create a buffer of approximately 36 thousand tonnes ahead of the planned suspension of Central Shaft hoisting later in the year to allow for a winder system upgrade.Milling capacity is expected to increase in mid-2026 following the commissioning of an additional ball mill, raising plant throughput from 97.55 tonnes per hour to 101.98 tonnes per hour. Management is also evaluating options to increase crushing capacity to accommodate higher run-of-mine tonnages.Assay grades at Blanket improved over the period, rising from approximately 2.55 g/t in December 2025 to a peak of 3.02 g/t in March 2026, with April 2026 grades of approximately 2.86 g/t. The improvement reflects initial progress from operational measures implemented to enhance access to higher-grade ore and improve production consistency.In light of these initiatives, Caledonia reiterates full-year 2026 gold production guidance from Blanket of 72,000 to 76,500 ounces, with production expected to be weighted towards the second half of the year as operational improvements take effect.Capital Expenditure and Investment for Growth Q1 2026 SUSTAINING CAPEX (US 000) Underground mine development 1,822 Engineering equipment 525 Other sustaining capex 2,931 TOTAL CAPEX* 5,278 * The capex relates to Blanket only.CostsOn-mine cash costs averaged US$1,740 per ounce sold during Q1 2026, compared to US$1,202 per ounce sold in Q1 2025. The increase in unit costs primarily reflects the lower number of ounces sold during the Quarter, which resulted in fixed costs being spread over fewer ounces.AISC averaged US$2,765 per ounce sold, compared to US$1,797 per ounce sold in Q1 2025. In addition to the impact of lower production volumes, AISC was influenced by sustaining capital expenditure and underground development activities undertaken during the Quarter. Despite higher unit costs, margins expanded materially due to the significantly higher realised gold price.Management continues to focus on cost discipline and operational efficiency, with unit costs expected to normalise as production increases and mining transitions to higher-grade areas in the second half of the year.The recent geopolitical developments in the Middle East have had no impact on the Group's operations to date. Diesel, of which the Group consumes approximately two million litres per annum, represents less than 3% of operating costs, and the Group has secured supplies of over one million litres, providing substantial buffer and supply certainty. Zimbabwe sources its fuel from both the Middle East and South Africa. Importantly, reliance on diesel has significantly fallen over the last few years: diesel accounted for 8% of the Group's power in 2020, but has reduced to only 2% last year, supported by around 20% of total power requirements being met by solar power.At present the Group is selling its exported portion of gold through South Africa (rather than the Middle East), ensuring uninterrupted revenue flows for that portion.These factors collectively underpin strong operational resilience despite external geopolitical developments.SalesTotal consolidated gold sales for the Quarter were 13,784 ounces, compared with 19,388 ounces in Q1 2025. Sales volumes were lower primarily due to reduced production at Blanket during the Quarter. At March 31, 2026, the Group held 3,656 ounces of gold bullion, which will be sold in subsequent periods.Revenue increased by 18.3% to US$66.43 million, despite lower sales volumes, reflecting a higher average realised gold price of US$4,816 per ounce. The strong gold price environment more than offset the impact of reduced ounces sold, resulting in higher gross profit and improved cash generation.Underground Mining and ProcessingA slow start to the year was experienced at the underground operations with delays in hoisting experienced at Central Shaft. Sequencing and scheduling of the higher-grade mining areas were affected by geological conditions and necessitated revised sequencing of the extraction methods in these areas for improved stability and sustainability in these areas. This led to additional development which slowed the active stoping contribution from Central Shaft.For the Quarter, Central Shaft contributed 56% of the tonnage milled against a planned contribution of 65%. The Number 4 Shaft production remained stable while the surface stockpile contributed 11% of the milled tonnage, essentially filling the gap from the Central Shaft deficit. The grade was adversely affected as a result with the average stockpile grade of 2.0 g/t not a direct replacement for the 9% tonnage decline from Central Shaft which operates at above 3.0 g/t.Looking ahead, the additional development put in place should make available the required bulk tonnage, high-grade sources from Central Shaft to allow the tonnage contribution from each source to stabilise. This will be supplemented with a defined contractor development program to accelerate development in all areas to support the required grade and tonnage contribution from each source.Exploration and Resource Development - BlanketIn April, Caledonia was pleased to report further encouraging results from the deep-level drilling programme at Blanket, with the campaign continuing to demonstrate the continuity of the main orebodies at depth. The drilling programme is focused on evaluating the extension of the Blanket, Eroica and Lima orebodies below the current lowest mining levels, with the objective of increasing confidence in the existing mineral resource base and supporting future resource growth beyond 34 Level (1,110 metres below surface).A total of 10,312 metres of deep-level drilling was completed between March and December 2025. Drilling on the Blanket and Eroica orebodies returned grades and widths that were consistent with, or better than, expectations, including several high-grade intersections at depth. Notably, multiple wide and high-grade zones were intersected within the newly identified Blanket 7 ("BLK7") orebody, further demonstrating the quality and scale of mineralisation at depth.Drilling has also confirmed the continuation of the Lima orebody to 34 Level, supporting the potential for further depth extensions. The Lima orebody comprises multiple individual mineralised zones, and additional infill drilling is planned to better define their spatial orientation and continuity.The density and quality of drilling intersections are expected to upgrade portions of the existing inferred mineral resources to the indicated category or better, strengthening the resource base and supporting ongoing life-of-mine planning. The results of the deep-level drilling programme are expected to be incorporated into an updated mineral resource and mineral reserve statement during 2026.Bilboes Gold Project - Our Next MineBilboes represents a transformational investment opportunity for Caledonia. The publication of the Feasibility Study in November 2025 indicates a 10.8 year life of mine with average annual production of 150 thousand ounces and a forecast AISC of $1,061/oz. The Feasibility Study demonstrates robust project economics stating a post-tax NPV8%Real of $582m and a post-tax IRR of 32.5% at a consensus gold price at the effective date of the Feasibility Study of $2,548/oz, and therefore there should be significantly improved economics at current gold prices. Peak funding required is forecast to be $484m.Funding plans for Bilboes continue to make good progress with the completion of a convertible senior notes offering in January 2026 which raised gross proceeds of $150m, building a solid foundation for the funding of the peak capital requirement. It is expected that the Bilboes project will be funded with a combination of existing cash on hand and future cash flow anticipated from Blanket attributable to the Company over the construction period and additional debt facilities. Discussions with domestic and international lenders and financiers are well advanced with both the Bilboes project and the existing Blanket operations having adequate debt capacity to meet the capital requirements.Once in full production, based on the Feasibility Study, Bilboes' average annual contribution is expected to result in an approximate fourfold increase in the Group's attributable gold production and at significantly lower operating costs than current operating costs.Motapa Exploration - Investing for Future GrowthExploration work at Motapa remains ongoing, with data interpretation, geological modelling and resource estimation activities progressing as planned. The results from the exploration programme are on track to support a maiden mineral resource estimate for the sulphide mineralisation at Motapa North during 2026.Looking ahead, US$3.8 million was allocated to Motapa's exploration as part of the Group's 2026 growth capital programme, reflecting management's continued commitment to disciplined investment in exploration while maintaining financial flexibility.Exploration activities in 2026 will focus on continued evaluation of the near-surface oxide potential at Mpudzi and further drilling of the Motapa South sulphide mineralisation below historical oxide open pits. Management believes that Motapa represents an attractive exploration opportunity within the Group's portfolio, aligned with its long-term growth strategy.Funding and LiquidityThe Group's total liquidity is shown below.Liquidity Mar 31, 2026(US$ 000) Cash on hand 170,026 Bullion on hand 16,395 Gold sales receivables 2,894 TOTAL BEFORE UTILISATION OF FACILITIES 189,315 Drawn down bank facilities (8,871)NET CASH AND LIQUID ASSETS 180,444 Undrawn bank facilities 10,629 TOTAL LIQUIDITY 191,073 Convertible senior notesIn January 2026, to support the development of the Bilboes project, the Company completed the issuance of Convertible Senior Notes (the "Notes") due 2033 with an aggregate principal amount of $150 million, including the full exercise of the initial purchasers' option for an additional $25 million. The Notes carry a cash coupon of 5.875% per annum, payable semi-annually, and are convertible at an initial price of approximately $40.51 per share, representing a 25% premium to the prevailing market price at issuance, subject to customary anti-dilution adjustments. To mitigate potential dilution, the Group simultaneously entered into cash-settled capped call options with a cap price of approximately $56.72, at a cost of $14.44 million.The Notes were accounted for as a compound financial instrument, comprising a host debt component measured at amortised cost and an embedded derivative liability measured at fair value through profit or loss. Accordingly, these components are presented separately on the statement of financial position as follows:Non-current asset Mar 31, 2026 US$ 000 Derivative financial asset 14,733*
Non-current liabilities Convertible senior notes (host debt) 97,066 Derivative financial liability 38,362 *Included in this amount is US$4.43 million specifically relating to the cash settled capped call options mentioned above, after the recognition of the fair value loss disclosed in the table below. The remaining amount is attributable to the Asian gold put options purchased in the prior year.The Company recognised interest expense of US$2.70 million relating to the Notes in the profit or loss statement for the Quarter.Net fair value gain/(loss) on derivative financial instrumentsThe net fair value gain for the period arose primarily from the decrease in the embedded derivative liability associated with the Notes and the gain from the Asian gold put options. These instruments together reflected a combined fair value gain of US$14.00 million. The gain was partially offset by a fair value loss of US$10.01 million on the capped call option derivative asset, driven by changes in market inputs during the Quarter.Overall, the impact for the Quarter was a net fair value gain of US$4.00 million, recognised in profit or loss as set out in the table below:Fair value movement Mar 31, 2026 US$ 000 Asian gold put options 3,401 Derivative financial liability - Notes 10,605 Derivative financial asset - Capped call options (10,011)Net fair value gain on derivative financial instruments 3,995 The comparative quarter, Q1 2025, had a US$1.59 million fair value loss also recognised in the profit or loss statement, relating primarily to the Asian gold put option instruments only.DividendThe Board has approved a quarterly dividend of 14 United States cents (US$0.14) on each of the Company's shares.The relevant dates relating to the dividend are as follows:Ex-dividend date VFEX: May 20, 2026Ex-dividend date AIM and NYSE American: May 22, 2026Record date: May 22, 2026Payment date: June 5, 2026Shareholders with a registered address in the UK will be paid in Sterling.END NOTESNon-GAAP measures
This announcement includes certain financial performance measures which are non-GAAP measures. These include cash costs of production, AISC, cash and liquid assets, and free cash flow. Management believes these measures provide valuable additional information for users of the information to understand the underlying trading performance. Definitions and explanation of the measures used along with reconciliation to the nearest IFRS measures are detailed in the Form 20-F filed on the SEC's Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system on April 23, 2026 as well as being available atwww.caledoniamining.com/investors/reports-presentations/.Cash and liquid assets
Cash and liquid assets include cash, fixed-term deposits, bullion on hand, gold sales receivables and drawn down bank facilities.LTIFR
Lost Time Injury Frequency Rate ("LTIFR") measures how often workplace injuries occur that result in employees missing work, normalized to hours worked to allow comparison over time or between organisations.TIFR
The Total Injury Frequency Rate ("TIFR") is a key safety performance indicator that measures the frequency of all workplace injuries (including fatalities, lost time injuries, medical treatment cases, and restricted work injuries) relative to the total hours worked.FOR MORE INFORMATION, please visit the website www.caledoniamining.com or contact:Caledonia Mining Corporation PlcMark Learmonth
Camilla HorsfallTel: +44 1534 679 800
Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)Adrian Hadden
Pearl KellieTel: +44 207 397 1965
Tel: +44 131 220 9775Camarco, Financial PR (UK)Elfie KentTel: +44 20 3757 4980Curate Public Relations (Zimbabwe)Debra TatendaTel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)Lloyd MlotshwaTel: +263 (242) 745 119/33/39Craig James Harvey, MGSSA, MAIG, Caledonia Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this news release. Craig James Harvey is a "Qualified Person" as defined by each of (i) the Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects and (ii) sub-part 1300 of Regulation S-K of the U.S. Securities Act.Note: The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR.Cautionary Note Concerning Forward-Looking InformationInformation and statements contained in this news release that are not historical facts are "forward-looking information" within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited, to Caledonia's current expectations, intentions, plans, and beliefs. Forward-looking information can often be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "target", "intend", "estimate", "could", "should", "may" and "will" or the negative of these terms or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Examples of forward-looking information in this news release include (but is not limited to): the initiatives aimed at reducing worker fatigue and supporting increased ore production, the improvements expected from the defined contractor development program at Blanket and increasing production, Caledonia's expectations with regard to entering into the Interim Funding Facility, raising the project finance necessary to construct Bilboes and ensuring the Group has the necessary financial capacity to complete the Bilboes project, expectations with respect to costs, the situation in the Middle East, improving the electricity situation at Blanket, as well as successful exploration at Motapa and Blanket. The forward-looking information contained in this news release is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to: the successful implementation of mine plans, the establishment of estimated resources and reserves, the grade and recovery of minerals which are mined varying from estimates, success of future exploration and drilling programs, reliability of drilling, sampling and assay data, the representativeness of mineralization being accurate, success of planned metallurgical test-work, capital availability and accuracy of estimated operating costs, obtaining required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and Caledonia's experience of project development in Zimbabwe and other factors.To the extent any forward-looking information herein constitutes a financial outlook or future oriented financial information, any such statement is made as of the date hereof and included herein to provide prospective investors with an understanding of the Company's plans and assumptions. Security holders, potential security holders and other prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Such factors include, but are not limited to: risks relating to estimates of mineral reserves and mineral resources proving to be inaccurate, fluctuations in gold price, risks and hazards associated with the business of mineral exploration, development and mining, risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, employee relations; relationships with and claims by local communities and indigenous populations; political risk; risks related to natural disasters, terrorism, civil unrest, public health concerns (including health epidemics or outbreaks of communicable diseases such as the coronavirus (COVID-19)); availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or grades of mineral reserves as mining occurs; global financial condition, the actual results of current exploration activities, changes to conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, the Company's title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs, risks relating to the uncertainty of timing of events including targeted production rate increase and currency fluctuations. These risks are not exhaustive. Further information on these and other risks that could affect Caledonia's results is included in its filings with the Securities and Exchange Commission ("SEC"), including its Annual Report on Form 20-F for the last completed financial year, reports on Form 6-K for the most recently completed three and six month periods and the future reports that it may file from time to time with the SEC. Security holders, potential security holders and other prospective investors are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Caledonia undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.This news release is not an offer of the shares of Caledonia for sale in the United States or elsewhere. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares of Caledonia, in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such province, state or jurisdiction.Appendix A
Consolidated statements of profit or loss and other comprehensive income
(in thousands of United States Dollars, unless indicated otherwise)
Three months ended March 31, For the 2026 2025 Unaudited Revenue 66,433 56,178 Royalty (5,626) (2,771)Production costs (24,820) (22,622)Depreciation (3,886) (3,859)Gross profit 32,101 26,926 Net foreign exchange gain/(loss) 358 (1,252)Administrative expenses (5,050) (4,598)Net fair value gain/(loss) on derivative financial instruments 3,995 (1,592)Equity-settled share-based (expense)/credit (159) 144 Cash-settled share-based expense (24) (158)Other expenses (1,302) (843)Other income 61 66 Operating profit 29,980 18,693 Finance income 963 6 Finance cost - other (948) (900)Finance costs - convertible senior loan note (2,699) - Profit before tax 27,296 17,799 Tax expense (8,383) (6,636)Profit for the year 18,913 11,163 Other comprehensive income Items that are or may be reclassified to profit or loss Exchange (loss)/gain on translation of foreign operations (307) 207 Total comprehensive income for the year 18,606 11,370 Profit attributable to: Owners of the Company 15,853 8,915 Non-controlling interests 3,060 2,248 Profit for the year 18,913 11,163 Total comprehensive income attributable to: Owners of the Company 15,546 9,122 Non-controlling interests 3,060 2,248 Total comprehensive income for the year 18,606 11,370 Earnings per share Basic earnings per share ($) 0.80 0.45 Diluted earnings per share ($) 0.80 0.45 Appendix B
Consolidated statements of financial position
(in thousands of United States Dollars, unless indicated otherwise)Unaudited March 31, December 31, As at 2026 2025 Assets Exploration and evaluation assets 26,115 103,829 Property, plant and equipment 284,508 204,538 Right of use assets 922 1,089 Deferred tax asset 228 230 Derivative financial assets 14,733 7,273 Total non-current assets 326,506 316,959 Income tax receivable - 8 Inventories 28,263 26,828 Derivative financial assets 1,321 954 Trade and other receivables 9,107 11,871 Prepayments 17,934 14,537 Fixed term deposit - 5,000 Cash and cash equivalents 170,026 35,738 Total current assets 226,651 94,936 Total assets 553,157 411,895 Equity and liabilities Share capital 166,476 166,329 Reserves 137,821 138,254 Retained loss (32,445) (45,586)Equity attributable to shareholders of the parent 271,852 258,997 Non-controlling interests 27,609 24,549 Total equity 299,461 283,546 Liabilities Deferred tax liabilities 51,089 51,015 Provisions 9,975 9,722 Loans and borrowings 586 1,074 Bonds 5,928 3,981 Convertible senior loan note 97,066 - Derivative financial liabilities 38,362 - Cash-settled share-based payment 1,352 1,294 Lease liabilities 724 911 Total non-current liabilities 205,082 67,997 Cash-settled share-based payment 1,060 1,116 Income tax payable 4,834 351 Lease liabilities 271 268 Loans and borrowings 1,745 6,706 Bonds 658 7,760 Trade and other payables 31,175 32,253 Bank overdrafts 8,871 11,898 Total current liabilities 48,614 60,352 Total liabilities 253,696 128,349 Total equity and liabilities 553,157 411,895 Appendix C
Consolidated statements of cash flows
(in thousands of United States Dollars, unless indicated otherwise) Three months ended March 31, Unaudited 2026 2025 Cash inflow from operations 23,493 18,709 Interest received 963 6 Finance costs paid (1,324) (543)Tax paid (4,258) (4,831)Net cash inflow from operating activities 18,874 13,341 Cash flows used in investing activities Acquisition of property, plant and equipment (5,773) (7,250)Acquisition of exploration and evaluation assets (818) (1,229)Proceeds from sale of property, plant and equipment 22 - Acquisition of put option instruments (5,000) (1,592)Acquisition of capped call option instruments (14,438) - Proceeds on maturity of fixed term deposit 5,000 - Net cash used in investing activities (21,007) (10,071) Cash flows from financing activities Dividends paid (822) (1,387)Payment of lease liabilities (74) (181)Repayments of loans and borrowings (449) - Repayments of bonds (6,500) - Bond issue gross receipts 2,000 2,500 Bond issue transaction cost (17) (113)Proceeds from convertible senior loan notes 145,100 - Net cash from financing activities 139,238 819 Net increase in cash and cash equivalents 137,105 4,089 Effect of exchange rate fluctuations on cash and cash equivalents 210 7 Net cash and cash equivalents at the beginning of the period 23,840 (8,668)Net cash and cash equivalents at the end of the period 161,155 (4,572)SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc - Abridged and Unaudited Quarterly Results and Details of Management Conference Call for the First Quarter Ended March 31, 2026 ("the Quarter" or "Q1 2026")

Caledonia Mining Corporation Plc New Corporate VideoMay 7, 2026 10:35 AM
ACCESS Newswire(NYSE AMERICAN:CMCL)(AIM:CMCL)(VFEX:CMCL)SAINT HELIER, JE / ACCESS Newswire / May 7, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or the "Company") is pleased to announce that its new corporate video is available on the Company website.The video can be found at https://www.caledoniamining.com/media/#corpvideos or on the Company's YouTube channel https://youtu.be/gAOTBVud83EEnquiries:Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)
Adrian Hadden
Pearl Kellie
Tel: +44 207 397 1965
Tel: +44 131 220 9775Camarco, Financial PR (UK)
Gordon Poole/ /Elfie Kent
Tel: +44 20 3757 4980Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd Mlotshwa
Tel: +263 (242) 745 119/33/39SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc New Corporate Video

Caledonia Mining Corporation Plc: Results of Annual General Meeting and Appointment of New ChairmanMay 5, 2026 9:24 AM
ACCESS Newswire(NYSE AMERICAN:CMCL)(AIM:CMCL)(VFEX:CMCL)SAINT HELIER, JE / ACCESS Newswire / May 5, 2026 / Caledonia Mining Corporation Plc ("the Company") announces the results of its annual general meeting of shareholders (the "AGM") held at St Helier, Jersey today, and the appointment by the board of directors (the "Board") of a new chairman of the Board (the "Chairman").The total number of shareholders present in person or by proxy at the AGM was 103, representing 56.47% of the Company's outstanding voting shares.The table below shows the proxy votes received on resolutions 1(a) to 1(i), which were duly passed by a show of hands, to reappoint the nominees proposed for re-election as directors:NomineeVote typeVoted%Mark LearmonthFor8,836,45899.34% Against58,6600.66% Abstain8,029 John KellyFor8,543,66696.05% Against351,0603.95% Abstain8,421 Geralda WildschuttFor7,842,94988.21% Against1,048,03311.79% Abstain12,165 Gordon WylieFor7,833,26088.09% Against1,059,02711.91% Abstain10,860 Victor GapareFor8,697,53397.81% Against195,1542.19% Abstain10,460 Tariro GadzikwaFor7,979,02689.74% Against911,76810.26% Abstain12,353 Stefan BuysFor8,722,32698.09% Against170,1021.91% Abstain10,719 Lesley GoldwasserFor7,952,49089.45% Against938,42710.55% Abstain12,230 July NdlovuFor8,810,49299.08% Against82,1910.92% Abstain10,464 Further resolutions 2 and 3 were also passed at the AGM so that:BDO South Africa Inc was reappointed as the auditor of the Company for the ensuing year and the directors were authorised to approve their remuneration; andMs. Gadzikwa, Mr. Wylie, Ms. Wildschutt, and Ms. Goldwasser were reappointed as members of the Audit Committee.Board ChangesAs announced by the Company on April 30, 2026 in respect of an anticipated change of Chairman as part of the Board's succession plan, Mr Kelly stood down as Chairman and Mr Ndlovu was duly appointed by the Board as Chairman immediately following the AGM.The Company also announces that Nick Clarke did not stand for re-election as a director at the AGM and therefore left the Board with effect from the AGM.Mr Clarke has made a valuable contribution to Caledonia during his time on the Board, bringing extensive technical expertise and industry experience, and providing insight and guidance as the Company continued to deliver at Blanket Mine and advance its growth strategy.July Ndlovu, Chairman of Caledonia, said:"On behalf of the Board and management team, I would like to thank Nick for his significant contribution to Caledonia since he joined the Board in 2019. His depth of mining experience and technical knowledge have been greatly valued, and his advice and support have been important to the Company over a number of years. We wish him all the very best for the future."The full text of each resolution proposed at the AGM, together with explanatory notes, are set out in the notice of AGM and management information circular dated March 26, 2026 which are available on the Company's website at:https://www.caledoniamining.com/investors/shareholder-information/#shareholder-meeting-documentsFor further information please contact:Caledonia Mining Corporation PlcMark LearmonthCamilla HorsfallTel: +44 1534 679 800Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)Adrian HaddenPearl KellieTel: +44 207 397 1965Tel: +44 131 220 9775Camarco, Financial PR (UK)Gordon PooleElfie KentTel: +44 20 3757 4980Curate Public Relations (Zimbabwe)Debra TatendaTel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)Lloyd MlotshwaTel: +263 (242) 745 119/33/39SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc: Results of Annual General Meeting and Appointment of New Chairman

Caledonia Mining Corporation Plc: Notification of Relevant Change to Significant ShareholderMay 5, 2026 2:00 AM
ACCESS Newswire(NYSE AMERICAN:CMCL)(AIM:CMCL)(VFEX:CMCL)SAINT HELIER, JE / ACCESS Newswire / May 5, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it received notification on April 30, 2026 from BlackRock, Inc. that on April 29, 2026 it had crossed a threshold for notification of a relevant change (as defined by the AIM Rules for Companies).A copy of the notification is below.Enquiries:Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)
Adrian Hadden
George Lawson
Tel: +44 207 397 1965
Tel: +44 131 220 9775Camarco, Financial PR (UK)
Gordon Poole
Elfie Kent
Tel: +44 20 3757 4980Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd Mlotshwa
Tel: +263 (242) 745 119/33/39TR-1: Standard form for notification of major holdingsNOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:CALEDONIA MINING CORPORATION PLC1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)Non-UK issuerX2. Reason for the notification (please mark the appropriate box or boxes with an "X")An acquisition or disposal of voting rightsXAn acquisition or disposal of financial instrumentsXAn event changing the breakdown of voting rights Other (please specify) iii: 3. Details of person subject to the notification obligation ivNameBlackRock, Inc.City and country of registered office (if applicable)Wilmington, DE, USA4. Full name of shareholder(s) (if different from 3.) vName City and country of registered office (if applicable) 5. Date on which the threshold was crossed or reached vi:29/04/20266. Date on which issuer notified (DD/MM/YYYY):30/04/20267. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)Total of both in % (8.A + 8.B)Total number of voting rights held in issuer (8.A + 8.B) viiResulting situation on the date on which threshold was crossed or reached4.79%1.18%5.98%1,156,399Position of previous notification (ifapplicable)4.83%1.61%6.44%  8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viiiA: Voting rights attached to sharesClass/type of
sharesISIN code (if possible)Number of voting rights ix% of voting rightsDirect(DTR5.1)Indirect(DTR5.2.1)Direct(DTR5.1)Indirect(DTR5.2.1)JE00BF0XVB15 927,069 4.79% SUBTOTAL 8. A927,0694.79% B 1: Financial Instruments according to DTR5.3.1R (1) (a)Type of financial instrumentExpiration
date xExercise/
Conversion Period xiNumber of voting rights that may be acquired if the instrument isexercised/converted.% of voting rightsSecurities LendingN/AN/A147,4340.76% SUBTOTAL 8. B 1147,4340.76% B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)Type of financial instrumentExpiration
date xExercise/
Conversion Period xiPhysical or cashSettlement xiiNumber of voting rights% of voting rightsCFDN/AN/ACash81,8960.42% SUBTOTAL 8.B.281,8960.42% 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xivXName xv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock HK Holdco Limited BlackRock Lux Finco S.a.r.l. BlackRock Japan Holdings GK BlackRock Japan Co., Ltd. BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. Trident Merger, LLC BlackRock Investment Management, LLC BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Investment Management (UK) Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Institutional Trust Company, National Association BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Fund Advisors BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BlackRock Canada Holdings ULC BlackRock Asset Management Canada Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Capital Holdings, Inc. BlackRock Advisors, LLC BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. Trident Merger, LLC BlackRock Investment Management, LLC Amethyst Intermediate, LLC Aperio Holdings, LLC Aperio Group, LLC 10. In case of proxy voting, please identify:Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional information xviBlackRock Regulatory Threshold Reporting Team
Jana Blumenstein
020 7743 3650 Place of completion12 Throgmorton Avenue, London, EC2N 2DL, U.K.Date of completion30 April 2026SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc: Notification of Relevant Change to Significant Shareholder

Caledonia Mining Corporation Plc: Change of ChairmanApril 30, 2026 2:00 AM
ACCESS Newswire(NYSE American, AIM and VFEX: CMCL)SAINT HELIER, JE / ACCESS Newswire / April 30, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that John Kelly has notified the board of directors of the Company (the "Board") of his intention, as part of the Board's succession plan, to step down as chairman of the Board (the "Chairman") with effect from the end of the annual general meeting of the shareholders of the Company to be held on May 5, 2026 (the "AGM").The Board is pleased to announce that July Ndlovu, currently an independent non-executive director, has offered to become the new Chairman. His appointment as Chairman is subject to election by the Board immediately following the AGM in accordance with the annual Chairman election process. An announcement of the new Chairman will accompany the announcement of the results of the AGM.Mr Kelly, who joined the Board in May 2012 and has served as Chairman for the past three years will, providing he is re-elected as a director of the Company by shareholders at the AGM, continue to serve on the Board as a non-executive director, thus providing continuity and the ongoing benefit of his experience and insight.During his tenure as Chairman, Mr Kelly has guided the Board through a significant period of transition and change at Caledonia, providing stewardship over the continued operational delivery at Blanket Mine while supporting the advancement of the Company's growth strategy.Commenting on handing over the role of Chairman, John Kelly said:"It has been a privilege to serve as Chairman over the past three years, and to have supported the Company through a period of significant transition and change. Caledonia is well positioned for the future, underpinned by the strong performance of Blanket Mine and the progress being made towards Caledonia's next phase of growth. I have no doubt that July as Chairman will enhance the prospects for our continued success. I look forward to continuing to support the Board and management as a non-executive director and to working closely with the new Chairman."July Ndlovu commented:"I am honoured to be considered for the role of Chairman at an important point in the Company's development. The business has strong operating foundations and a compelling growth opportunity in the Bilboes project, which has the potential to take Caledonia into its next stage of growth."I would also like to thank John, on behalf of the Board, for his leadership and guidance as Chairman. I am very pleased that he will continue to serve as a non-executive director, and I look forward to working closely with him, the Board and management team to help guide the Company through this next phase and to deliver long-term value for shareholders."Mark Learmonth, Chief Executive Officer, added:"On behalf of the Board and management team, I would like to thank John for his contribution and counsel over many years, and particularly for his stewardship as Chairman over the past three years during a period of change for the Company. His guidance and focus on governance and strategic progress have been invaluable, and I am glad that he intends to remain on the Board. I look forward to working closely with July once he is formally elected by the Board as Chairman as we continue to advance Caledonia's strategy, including the development of the Bilboes project."For further information please contact:Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)
Adrian Hadden
Pearl Kellie
Tel: +44 207 397 1965
Tel: +44 131 220 9775Camarco, Financial PR (UK)
Gordon Poole
Julia Tilley
Elfie Kent
Tel: +44 20 3757 4980Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd Mlotshwa
Tel: +263 (242) 745 119/33/39SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc: Change of Chairman

Caledonia Mining Corporation Plc: Notice of Q1 2026 Results and Investor PresentationApril 28, 2026 2:00 AM
ACCESS NewswireSAINT HELIER, JE / ACCESS Newswire / April 28, 2026 / Caledonia Mining Corporation Plc (NYSE:CMCL)(AIM:CMCL)(AMEX:CMCL) ("Caledonia" or "the Company") expects to publish its operating and financial results for the quarter ended March 31, 2026 on Monday May 11, 2026.A remote presentation for analysts and investors will be held on the same day, at 2:00pm London time, followed by an opportunity to ask questions.A presentation of the results and outlook for Caledonia will be available on Caledonia's website (www.caledoniamining.com).Conference Call DetailsA presentation for investors and analysts will be held as follows:When: May 11, 2026 at 2:00pm London timeTopic: Q1 Results Call for InvestorsRegister in advance for this webinar:Webcast link: https://stream.brrmedia.co.uk/broadcast/69dcf53466d5600014e43c01EnquiriesCaledonia Mining Corporation Plc
Mark Learmonth
Camilla HorsfallTel: +44 1534 679 800
Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)
Adrian Hadden
Pearl KellieTel: +44 207 397 1965
Tel: +44 131 220 9775Camarco, Financial PR (UK)
Gordon Poole
Elfie KentTel: +44 20 3757 4980Curate Public Relations (Zimbabwe)
Debra TatendaTel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd MlotshwaTel: +263 (242) 745 119/33/39SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc: Notice of Q1 2026 Results and Investor Presentation

Caledonia Mining Corporation Plc: Annual Report on Form 20-F has been filedApril 24, 2026 2:00 AM
ACCESS Newswire(NYSE AMERICAN:CMCL)(AIM:CMCL)(VFEX:CMCL)SAINT HELIER, JE / ACCESS Newswire / April 24, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it has filed with the U.S. Securities and Exchange Commission (the "SEC") on EDGAR the Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2025 (the "Annual Report"). The Annual Report can be accessed on the SEC's website at https://www.sec.gov and on the Company's website at https://www.caledoniamining.com/investors/reports-presentations/.EnquiriesCaledonia Mining Corporation Plc Mark Learmonth
Camilla HorsfallTel: +44 1534 679 800
Tel: +44 7817 841 793 Cavendish Capital Markets Limited (Nomad and Broker) Adrian Hadden
Pearl KellieTel: +44 207 397 1965
Tel: +44 131 220 9775 Camarco, Financial PR (UK) Gordon Poole
Elfie KentTel: +44 20 3757 4980 Curate Public Relations (Zimbabwe) Debra TatendaTel: +263 77802131 IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe) Lloyd MlotshwaTel: +263 (242) 745 119/33/39SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc: Annual Report on Form 20-F has been filed

Smart Money Is Quietly Flooding Africa's Highest-Grade Gold BeltApril 23, 2026 9:20 AM
PR Newswire (US)

Issued on behalf of Lake Victoria Gold Ltd.VANCOUVER, BC, April 23, 2026 /PRNewswire/ -- Equity-Insider.com News Commentary — The money pouring into African gold right now isn't speculative. It's structural. Exploration budgets across the continent climbed 11% to US$1.44 billion last year, and financing for junior miners more than doubled to a near-record level[1]. At the same time, central banks are forecast to buy roughly 850 tonnes of gold in 2026[2], keeping a firm floor under prices that already topped US$5,500 per ounce in January. That combination of rising capital flows and sustained institutional demand is creating a window for developers who can move quickly, and five companies are doing exactly that: Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF), Thor Exploration (TSXV: THX), Fortuna Mining (NYSE: FSM) (TSX: FVI), Caledonia Mining (NYSE-A: CMCL), and Aya Gold & Silver (TSX: AYA) (OTCQX: AYASF).The momentum is broadening. African central banks, including Uganda and Kenya, have launched their own domestic gold purchase programs to build foreign reserves[3], reinforcing the continent's role as both a supply source and a demand driver in the same cycle. The latest Fraser Institute rankings now place several African gold jurisdictions in the global top 35 for investment attractiveness[4], validating what capital-efficient operators with district-scale assets and non-dilutive financing already know: the best risk-adjusted entry points in gold are on this continent, right now.







Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) just secured a binding term sheet for a gold loan facility worth up to US$25 million from Monetary Metals, backed by up to 6,000 ounces of gold. Alongside that, the company locked in a fully committed $3.0 million convertible debenture led by a long-term major shareholder. Together, those two deals hand Lake Victoria Gold near-term working capital and a funded path to production at its Imwelo Gold Project in Tanzania.The gold loan is non-dilutive. Repayment comes in gold ounces, not cash, so the facility scales naturally with output. The convertible debenture carries a 5.0% annual interest rate, converts at $0.31 per share, and includes half-warrants exercisable at $0.40. The structure is built to push the project forward without flooding the market with new shares."This financing allows us to immediately accelerate work programs on the ground at Imwelo and advance key initiatives across both Imwelo and Tembo without delay," said Marc Cernovitch, CEO of Lake Victoria Gold. "With capital now in place, our focus is on execution, progressing engineering, advancing site activities, and moving Imwelo toward development. At the same time, the Monetary Metals facility provides a clear pathway to larger-scale project financing, supporting our objective of bringing Imwelo into production."The financing arrives as Lake Victoria Gold is moving on several fronts across its Tanzanian portfolio. The country's government has formally announced it has begun incorporating its statutory 16% free carried interest in the Tembo mining licences, a required regulatory step that signals the project is advancing through the established framework. The company is also finalizing a binding agreement with Nyati Resources, a well-established Tanzanian mining operator, to begin toll milling at Tembo. That deal would let Lake Victoria Gold process material through an existing facility, opening a route to early cash flow without heavy upfront capital spending.At Imwelo, metallurgical testing has confirmed gold recovery rates of up to approximately 97% using conventional methods. A completed drill program at Area C returned grades including 11.88 g/t gold over 1.33 metres, and geotechnical studies have supported a consolidated single open pit design. At Tembo, surface sampling returned grades up to 35.45 g/t gold.Lake Victoria Gold holds a 100% interest in both projects, counts Barrick Gold among its strategic investors, and has a management, director, and strategic partner group that collectively owns more than 60% of outstanding shares.NOTE: For a Cautionary Note on Production Decision, please see the Disclaimer below.Read this and more news for Lake Victoria Gold at: https://equity-insider.com/2025/04/14/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/In other industry developments and happenings in the market include:Thor Exploration (TSXV: THX) recently filed an NI 43-101 technical report supporting the Douta Gold Project Pre-Feasibility Study in Senegal, with no material differences from the PFS results previously reported at the beginning of the year in January.The Douta PFS outlines a pre-tax NPV5% of US$908 million and a pre-tax IRR of 73%, based on a gold price of US$3,500 per ounce. The project envisions 1.0 million ounces of gold production over 12.6 years at a life-of-mine AISC of approximately US$1,890 per ounce, with an initial capital requirement of US$254 million. In the first four years, the oxide ore phase is expected to deliver 411,000 ounces at AISC of US$1,493 per ounce, generating US$814 million in pre-tax cashflow with an 11-month payback period. The Ministry of Environment approved the ESIA in January 2026, and next steps include finalizing the Mining Convention and commencing detailed design. First production from Douta is targeted for early 2028.Fortuna Mining (NYSE: FSM) (TSX: FVI) reported strong drill results from the Southern Arc deposit at its Diamba Sud Gold Project in Senegal, highlighted by 6.0 g/t gold over 24.1 meters, with bonanza intercepts including 29.8 g/t gold over 2.4 meters within that interval. The results contributed to an updated Southern Arc resource of 6 million tonnes averaging 1.9 g/t gold, containing 367,000 ounces, now the largest single deposit within the growing Diamba Sud project."Infill and extension drilling at Southern Arc continues to strengthen the scale and confidence of the deposit, contributing to the updated and expanded updated Mineral Resource of 6 million tonnes averaging 1.9 g/t Au, containing 367,000 gold ounces, making it today the largest single mineral deposit at the growing Diamba Sud Project," said Paul Weedon, Senior Vice President of Exploration of Fortuna Mining. "Southern Arc remains open at depth and along strike to both the southwest and northeast, with drilling continuing."Five drill rigs remain active across the project, with step-out drilling planned for Q2 2026 to test depth and strike extensions. Most drilling across the total project area sits at less than 200 meters depth, underscoring the potential for further resource growth.Caledonia Mining (NYSE-A: CMCL) has reported encouraging results from the deep level drilling program at Blanket Mine in Zimbabwe, confirming continuity of the main orebodies at depth."The latest results from our deep drilling programme reinforce the geological strength of Blanket Mine and demonstrate the continuity of mineralisation at depth across multiple orebodies," said Mark Learmonth, CEO of Caledonia Mining. "The consistency of grades and widths we are seeing, together with confirmation of the Lima orebody to 34 level, provides growing confidence in the scale and quality of the mineral resource below the current lowest levels of the mine."The campaign completed 10,311.9 metres of deep level drilling between March and December 2025, targeting extensions of the Blanket, Eroica, and Lima orebodies beyond 34 level at 1,110 metres below surface. Results include wide zones within the newly identified Blanket 7 orebody, with individual intersections reaching 48.00 metres at 4.25 g/t gold. The Lima orebody has been confirmed to 34 level, supporting potential depth extensions. Results are expected to upgrade inferred resources to the indicated category and support future mine planning.Aya Gold & Silver (TSX: AYA) (OTCQX: AYASF) has announced the commencement of a Feasibility Study for the Boumadine Project in Morocco, following a positive Preliminary Economic Assessment completed in November 2025."We are accelerating development at Boumadine as it enters the feasibility stage," said Benoit La Salle, President and CEO of Aya Gold & Silver. "With the mining permit in place, we are advancing multiple workstreams in parallel to fast-track the next phase of development while maintaining the highest technical standards, supported by leading engineering firms and specialists."The Boumadine Project is a district-scale polymetallic deposit combining open-pit and underground mining with a conventional flotation plant. The 2025 PEA outlined a potential scalable 11-year mine plan generating revenues approximately 61% from gold and 21% from silver. An aggressive infill drilling campaign is advancing in parallel, with ten rigs active and approximately 38,000 metres of a 360,000-metre program completed as of March 2026. The Feasibility Study is expected to be completed in H2 2027, with an updated mineral resource estimate targeted for H2 2026.FURTHER READING: https://equity-insider.com/2025/04/14/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/CONTACT:EQUITY INSIDER
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. (MIQ). MIQ has been paid a fee for Lake Victoria Gold Ltd. advertising And digital media. There may also be 3rd parties who may have shares of Lake Victoria Gold Ltd. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Lake Victoria Gold Ltd and reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company. Cautionary Note on Production Decision: Although Imwelo has been the subject of JORC-compliant PEA, PFS and updated PFS work, these foreign-code studies are not current under NI 43-101. The Company has not completed a feasibility study on Imwelo that establishes mineral reserves demonstrating economic and technical viability and is not treating the JORC-based estimates or analyses as current under CIM Definition Standards. Any decision to commence production is not based on a feasibility study of mineral reserves and therefore involves increased uncertainty and a higher risk of economic and technical failure. There is no certainty that the planned low-capex open-pit operation will be economically viable or that production will occur as anticipated. Risks include, without limitation, variations in grade and recovery, unexpected geotechnical or metallurgical challenges, cost overruns, funding availability, and operational, regulatory, or permitting risks.; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://www.businessday.co.za/economy/2026-04-09-gold-drives-mining-exploration-as-global-budgets-fall-for-third-year/ https://www.mining.com/central-banks-gold-buying-momentum-carries-into-2026/ https://www.gold.org/goldhub/gold-focus/2026/04/central-bank-gold-statistics-central-banks-stay-course-gold-february https://miningfocusafrica.com/2026/03/19/africas-mining-investment-boom-can-the-continent-become-the-new-el-dorado/ Logo - https://mma.prnewswire.com/media/2840019/5932843/Equity_Insider_Logo.jpg



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Original: Smart Money Is Quietly Flooding Africa's Highest-Grade Gold Belt

Caledonia Mining Corporation Plc Blanket Mine Q1 2026 Production and Operating UpdateApril 20, 2026 7:32 AM
ACCESS Newswire(NYSE AMERICAN:CMCL)(AIM:CMCL)(VFEX:CMCL)SAINT HELIER, JE / ACCESS Newswire / April 20, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces Blanket Mine ("Blanket") gold production for the quarter ended March 31, 2026 ("Q1 2026" or the "Quarter").SummaryQuarterly gold production of 14,767 ounces, compared with 18,671 ounces produced in the first quarter of 2025 ("Q1 2025").A lower quarter was anticipated reflecting mining sequence and anticipated access constraints to higher grade, higher volume areas. Production during the Quarter was also impacted by equipment availability issues and challenging ground conditions.A new mine shift system in process of being implemented which will increase mine production from six to seven days per week.Appointment of a contractor to accelerate access to higher grade ore sources.Increase in milling capacity following the commissioning of an additional ball mill in the second quarter of 2026.Caledonia remains comfortable with Blanket's full-year production guidance of 72,000 to 76,500 ounces[1], with Blanket's gold production expected to be weighted towards the second half of the year as stated in its announcement of March 23, 2026 containing the abridged, preliminary and unaudited quarterly and full year results for 2025, as the initiatives outlined above take effect.Commenting on the production performance and operational improvements, Mark Learmonth, Chief Executive Officer, said:"Gold production in Q1 2026 was below our expectations, reflecting the lower grades mined during the Quarter; however, this is consistent with our guidance of production being weighted towards the second half of the year. Pleasingly, plant performance remained strong, with 202,217 tonnes milled and good operational availability across the processing circuit. This is an important reflection of our continued investment into the future of the processing facility."The Quarter also included several typical operating challenges associated with deep, mature mining assets, including sequencing considerations, equipment downtime and difficult ground conditions in certain areas. These factors temporarily constrained access to some planned ore sources."We are actively addressing these challenges through several practical measures, including the acceleration of mine development, supported by the appointment of a contractor, to improve access to planned ore sources."Importantly, we will be introducing a revised shift system later in the year, moving the operation to a seven-day working week (up from six), which we expect will both reduce worker fatigue and support increased ore production."Alongside these mining initiatives, we are progressing further plant improvements, including an increase in milling capacity following the commissioning of an additional ball mill. Taken together, these actions are expected to support a stronger production profile in the second half of the year and into 2027."The challenges experienced in the first quarter do not reflect the underlying quality of the orebody or the long-term fundamentals of the operation. Blanket remains a resilient, cash-generative asset, supported by a capable and committed workforce and a processing plant that continues to perform reliably and where we are growing capacity. Management's focus is on stabilising mining areas, improving equipment availability and restoring access to planned ore sources as we progress through the year."Qualified PersonCraig James Harvey, MGSSA, MAIG, Caledonia Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this news release. Craig James Harvey is a "Qualified Person" as defined by each of (i) the Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects and (ii) sub-part 1300 of Regulation S-K of the U.S. Securities Act.EnquiriesCaledonia Mining Corporation Plc
Mark Learmonth
Camilla HorsfallTel: +44 1534 679 800
Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Joint Broker)
Adrian Hadden
Pearl KellieTel: +44 207 397 1965
Tel: +44 131 220 9775Camarco, Financial PR (UK)
Gordon Poole
Elfie KentTel: +44 20 3757 4980Curate Public Relations (Zimbabwe)
Debra TatendaTel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd MlotshwaTel: +263 (242) 745 119/33/39Note: The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014("MAR") as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR.Cautionary Note Concerning Forward-Looking InformationInformation and statements contained in this news release that are not historical facts are "forward-looking information" within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited, to Caledonia's current expectations, intentions, plans, and beliefs. Forward-looking information can often be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "target", "intend", "estimate", "could", "should", "may" and "will" or the negative of these terms or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Examples of forward-looking information in this news release include: the Company's full year gold production guidance for 2026; expectations that production will be weighted towards the second half of the year; the anticipated impact of operational initiatives including the introduction of a revised mine shift system; the expected benefits of the appointment of a contractor to accelerate access to higher grade ore sources; the anticipated increase in milling capacity following the commissioning of an additional ball mill; and expectations regarding improved operational performance.. This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to: the successful and timely implementation of planned operational initiatives; equipment availability and reliability; mine sequencing; ground conditions; labour availability and productivity; plant performance; the timely commissioning of planned processing plant improvements; failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, success of future exploration and drilling programs, reliability of drilling, sampling and assay data, assumptions regarding the representativeness of mineralization being inaccurate, success of planned metallurgical test-work, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and other factors.Security holders, potential security holders and other prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Such factors include, but are not limited to: risks relating to estimates of mineral reserves and mineral resources proving to be inaccurate, fluctuations in gold price, risks and hazards associated with the business of mineral exploration, development and mining, risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, employee relations; relationships with and claims by local communities and indigenous populations; political risk; risks related to natural disasters, terrorism, civil unrest, public health concerns (including health epidemics or outbreaks of communicable diseases such as the coronavirus (COVID-19)); availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or grades of mineral reserves as mining occurs; global financial condition, the actual results of current exploration activities, changes to conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, the Company's title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs, risks relating to the uncertainty of timing of events including targeted production rate increase and currency fluctuations. Security holders, potential security holders and other prospective investors are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Caledonia undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.For a more detailed discussion of such risks and other factors that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this news release, see the Company's latest 20-F and Management's Discussion and Analysis, each under the heading "Risk Factors", available on the SEDAR website at www.sedar.com or on EDGAR at www.sec.gov. The foregoing should be reviewed in conjunction with the information and risk factors and assumptions found in this news release.This news release is not an offer of the shares of Caledonia for sale in the United States or elsewhere. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares of Caledonia, in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such province, state or jurisdiction.[1] Refer to "S-K 1300 Technical Report Summary on the Blanket Gold Mine, Zimbabwe" with effective date December 31, 2023 prepared by Caledonia and filed by the Company on EDGAR as an exhibit to its annual report on Form 20-F on May 15, 2024; and "NI 43-101 Technical Report on the Blanket Gold Mine, Zimbabwe" with effective date December 31, 2023 prepared by Caledonia and filed by the Company on SEDAR+ on May 15, 2024.SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc Blanket Mine Q1 2026 Production and Operating Update

Caledonia Mining Corporation Plc - Dividend Payment Date for the Holders of Depositary Interests Representing Shares Trading on AIMApril 17, 2026 2:00 AM
ACCESS Newswire(NYSE AMERICAN:CMCL)(AIM:CMCL)(VFEX:CMCL)SAINT HELIER, JE / ACCESS Newswire / April 17, 2026 / Caledonia Mining Corporation Plc (the "Company") announces that further to the announcement released on March 23, 2026 of a quarterly dividend of 14 United States cents (US$0.14) per share to be paid on April 17, 2026, the payment date for holders of depositary interests representing shares trading on AIM will now be April 20, 2026.All other details relating to the dividend, as set out in the announcement of March 23, 2026, remain unchanged.Enquiries:Caledonia Mining Corporation PlcMark LearmonthCamilla HorsfallTel: +44 1534 679 800Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)Adrian HaddenPearl KellieTel: +44 207 397 1965Tel: +44 131 220 9775Camarco, Financial PR (UK)Gordon Poole/ /Elfie KentTel: +44 20 3757 4980Curate Public Relations (Zimbabwe)Debra TatendaTel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)Lloyd MlotshwaTel: +263 (242) 745 119/33/39SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc - Dividend Payment Date for the Holders of Depositary Interests Representing Shares Trading on AIM

Caledonia Mining Corporation Plc: Encouraging Results From Deep Level Drilling at Blanket MineApril 7, 2026 2:00 AM
ACCESS NewswireBetter than expected grades and widths from deep level drilling at Blanket Mine supporting increased confidence in overall mineral resource(NYSE AMERICAN:CMCL)(AIM:CMCL)(VFEX:CMCL)SAINT HELIER, JE / ACCESS Newswire / April 7, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") is pleased to report further encouraging results from the deep level drilling programme at Blanket Mine, with the campaign proving the continuation of the main orebodies at depth.The drilling is intended to evaluate the continuity of the mineralised zones on the Blanket, Eroica and Lima ore bodies for the purposes of increasing confidence in the existing mineral resources and growing the mineral resource estimate beyond 34 level, which is at 1,110 metres below surface. These results follow the previously announced deep drilling results published on June 23, 2025.Highlights10,311.9 metres of deep level drilling completed between March and December 2025.Blanket and Eroica orebodies returned grades and widths consistent with, or better than, expectations.High grade intersections at depth, including multiple wide zones within the newly identified Blanket 7 ("BLK7") orebody.Lima orebody confirmed to 34 level, supporting potential depth extensions.Results expected to increase mineral resource confidence and support future life of mine planning.Highlights of the drill results are summarised in the table below.Hole IdentifierOrebody 1 NameOrebody IntersectionCore Length
(m)True width (m)Grade
(g/t)Orebody Intersection depth from surface (m)End of Hole Depth
(m)From (m)To (m)ARS1110EX2401BLK7*6.419.613.2013.029.241045.3158.5* including6.411.24.804.7317.15ARS1110EX2402BLK7*7.4848.841.3240.423.141075.0158.2* including7.48146.526.389.90* including17203.002.936.58ARS1110EX2403BLK7*10.358.348.0046.284.251082.0158.2* including10.311.51.201.1653.39* including19.925.96.005.787.45* including54.758.33.603.4711.92ARS1110EX2404BLK7*7.728.420.7020.503.981054.1155.4* including7.710.73.002.976.15* including14.317.33.002.975.21ARS1110EX2503BQRHWN76.780.84.103.657.741099.3377.2BLK1110EX2412BQR56.964.77.807.177.151083.0242.2ERC750EX2404ERCN_HW*383.5396.112.6010.806.54994.3398.3* including385.3387.11.801.548.62* including391.3393.11.801.5414.20LIM750EX2509LIMM70.172.32.201.9815.33708.5386.21 ERCN_HW - Eroica North Hanging Wall, BQR - Blanket Quartz Reef, BQRHWN - Blanket Quartz Reef Hanging Wall North, LIMM - Lima Main, BLK7 - Blanket 7.* including refers to a subset of the wider orebody intersection which may return a higher grade if mined to that widthThe complete long hole drilling results for March 2025 to end of December 2025 are provided in Appendix 1.Mark Learmonth, Caledonia's Chief Executive Officer, commented:"The latest results from our deep drilling programme reinforce the geological strength of Blanket Mine and demonstrate the continuity of mineralisation at depth across multiple orebodies. The consistency of grades and widths we are seeing, together with confirmation of the Lima orebody to 34 level, provides growing confidence in the scale and quality of the mineral resource below the current lowest levels of the mine."These outcomes support our longer term planning efforts and highlight the value of the investments we have made, as we continue to improve mineral resource confidence and build a stronger foundation for the future of the mine and value creation for the business."CommentaryThe deep drilling at Blanket Mine continues to prove the continuation of the main orebodies at depths equivalent to the lowest levels of the mine and beyond. The density of drilling intersections is likely to upgrade inferred mineral resources to the indicated mineral resource category or better, providing a solid resource base for life of mine planning.As reported on June 23, 2025, a new orebody was intersected on the multiple horizons of the Blanket orebody. This orebody has been termed Blanket 7 ("BLK7") and the intersections reported here highlight the excellent grades and widths that Blanket Mine can deliver. Drilling into virgin areas of the mine, where the shear zone is developed but untested with drilling, remains an important focus for the on-mine geology team. Of note, in the drillhole location image, certain drillholes have intersected the BQR at a depth below the current orebody models which mark the limit of measured, indicated or inferred mineral resources currently declared for Blanket Mine.Deep drilling at Lima has shown the Lima orebodies extend to at least the 34-level horizon. The Lima orebody comprises up to 6 individual mineralised zones, not always developed together, and further infill drilling will delineate the spatial orientations of these orebodies.The deep drilling results are expected to be incorporated into an updated mineral resource and mineral reserve statement during 2026.Appendix 1Hole IdentifierOrebody NameOrebody IntersectionCore Length
(m)True width
(m)Grade
(g/t)Orebody Intersection depth from surface (m)End of Hole Depth
(m)From (m)To (m)ARS1110EX2401BLK76.419.613.213.09.241045159ARS1110EX2401BLK1HW46.055.09.08.96.281080159ARS1110EX2401BQR129.4130.61.21.218.531155159ARS1110EX2401BLK1HW139.0140.21.21.22.041164159ARS1110EX2402BLK77.548.841.340.43.141075158ARS1110EX2402BLK1HW58.470.412.011.73.901095158ARS1110EX2402BQR78.883.44.64.52.291108158ARS1110EX2402BLK1HW111.8119.57.77.510.401143158ARS1110EX2403BLK710.358.348.046.34.251082158ARS1110EX2403BLK1HW79.680.20.70.631.531103162ARS1110EX2403BQR114.7115.30.60.611.071137162ARS1110EX2403BLK1FW130.9131.50.60.615.531152162ARS1110EX2403BLK1FW138.7147.18.46.83.991167162ARS1110EX2403BLK1HW156.1157.91.81.53.911178162ARS1110EX2404BLK77.728.420.720.53.981054155ARS1110EX2404BLK1HW50.458.27.87.73.201079155ARS1110EX2404BQR93.696.63.03.03.061122155ARS1110EX2404BLK1FW128.4133.24.84.83.091158155ARS1110EX2502BLK770.972.71.81.76.441095347ARS1110EX2502BQRHWN76.680.23.63.42.211102347ARS1110EX2502BLK1HWN91.798.97.26.74.291120347ARS1110EX2502ARSEWL199.7201.51.81.61.841217347ARS1110EX2503BLK763.269.56.35.73.391085377ARS1110EX2503BQRHWN76.780.84.13.77.741099377ARS1110EX2503BLK1HWN154.5156.92.42.01.741165377ARS1110EX2503ARSEWL222.7223.91.20.94.451219377BLK1110EX2405BQR101.9102.50.60.62.041128254BLK1110EX2406BLK798.9100.11.21.14.561118281BLK1110EX2406BQRHWN105.5107.31.81.73.581126281BLK1110EX2406BLK1HWN210.5212.92.42.21.851224281BLK1110EX2406BQRHWN229.7230.91.21.71.941240281BLK1110EX2407BLK7101.4104.43.02.22.251115257BLK1110EX2407BQRHWN109.2113.44.23.61.861122257BLK1110EX2408BLK1HWN118.6157.038.436.15.001182293BLK1110EX2408BQRHWN239.2272.233.030.82.481286293BLK1110EX2409BLK791.895.43.63.14.071118287BLK1110EX2409BQRHWN236.2236.80.60.52.071240287BLK1110EX2409BLK1HWN259.6274.615.014.12.311286287BLK1110EX2410BQR67.581.714.211.26.251096233BLK1110EX2411BQR60.573.112.611.32.461090239BLK1110EX2412BQR56.964.77.87.27.151083242BLK1110EX2413BLK769.874.34.53.66.351088230BLK1110EX2413BQRHWN202.6203.20.60.43.881185230BLK1110EX2413BLK1HWN228.4229.00.60.44.421204230BLK1110EX2414BQR84.091.27.26.97.171108254BLK1110EX2415BLK786.987.50.60.510.801104254BLK1110EX2415BQRHWN177.7179.31.61.34.391182254BLK1110EX2416BLK782.683.81.21.02.621099239BLK1110EX2416BQRHWN166.1166.70.60.514.671167239BLK1110EX2416BLK1HWN170.3172.11.81.63.101171239BLK1110EX2416BLK1HWN220.5221.71.20.95.451210239BLK1110EX2417BLK783.684.81.21.02.521100247BLK1110EX2417BQRHWN96.8101.04.23.62.071113247BLK1110EX2417BLK1HWN194.3195.51.21.04.301192247BLK1110EX2417BLK1HWN204.5205.71.21.03.031200247ERC750EX2404ERCN_HW383.5396.112.610.86.54994398ERC750EX2405ERCN_HW441.2441.80.60.51.631059454ERC750EX2407 No intersection470ERC750EX2409ERCN_HW468.0472.14.13.61.621085482ERC750EX2409ERCNFW479.9482.82.92.52.651097482ERC750EX2411ERCN_HWNo intersection96ERC750EX2501ERCN_HWNo intersection458ERC750EX2502ERCN_HW399.1399.70.60.52.021008443ERC750EX2502ERCN_HW1424.8426.61.81.53.671021443ERC750EX2502ERCNFW432.8433.40.60.52.031036443ERC750EX2502ERCNFW1436.6437.20.60.51.931038443ERC750EX2503ERCN_HWNo intersection330LIM750EX2401LIMM84.588.13.63.31.24716590LIM750EX2401LIME437.8438.30.50.42.59893590LIM750EX2502LIMM107.0112.65.65.23.72742605LIM750EX2502LIMI117.4122.24.84.44.62753605LIM750EX2502LIME404.3406.11.81.53.961008605LIM750EX2503LIMI120.6129.99.36.83.03741231LIM750EX2504LIMHW101.7107.15.44.92.05743461LIM750EX2504LIMM112.9128.315.414.12.47655461LIM750EX2504LIMI151.5152.10.60.51.74784461LIM750EX2504LIME218.9219.50.60.54.44844461LIM750EX2505LIMM166.7171.24.54.52.70814462LIM750EX2505LIMI210.0211.81.81.81.91855462LIM750EX2506LIMI140.7143.22.52.12.22765254LIM750EX2507LIMHW75.977.11.21.13.71716440LIM750EX2507LIMM88.694.05.45.03.17731440LIM750EX2508LIMM80.180.70.60.67.28721440LIM750EX2508LIMI154.4154.70.30.32.49792440LIM750EX2509LIMM70.172.32.22.015.33709386LIM750EX2510LIMI279.8285.86.04.91.84892287LIM750EX2511LIMHW66.667.20.60.52.79704380LIM750EX2511LIMM72.372.90.60.52.86709380LIM750EX2511LIMI143.5144.00.50.41.77771380LIM750EX2511LIME153.5155.31.81.53.60778380LIM750EX2512LIMHW78.479.00.60.61.74720381LIM750EX2512LIMM110.5111.10.60.61.66750381LIM750EX2514LIMHW76.579.73.23.23.27723344* ERCN_HW - Eroica North Hanging Wall, ERCN_HW1 - Eroica North Hanging Wall1, ERCNFW - Eroica North Foot Wall, ERCNFW1 - Eroica North Foot Wall 1, BQR - Blanket Quartz Reef, BQRHWN - Blanket Quartz Reef Hanging Wall North, BLK1HWN - Blanket 1 Hanging wall North, BLK1HW - Blanket 1 Hanging wall, BLK1FW - Blanket 1 Footwall, ARSEWL - AR South East - West Limb, LIMM - Lima Main, LIME - Lima East, LIMI - Lima Intermediate, LIMHW- Lima Hanging Wall, BLK7 - Blanket 7.Table 2Underground exploration drill hole; azimuth, dip, drilled length, and collar location (UTM NAD83)Hole IdentifierAzimuth (°)Dip (°)Drilled Length (m)UTM Easting (m)UTM Northing (m)UTM Elevation (m) ARS1110EX24019981158.5697764769301923 ARS1110EX240211479158.2697764769301823 ARS1110EX240312675163.9697764769301721 ARS1110EX240412282155.4697764769301822 ARS1110EX250235273347.3697679769302824 ARS1110EX250335466377.2697679769302824 BLK1110EX240510181254.3697681769302824 BLK1110EX240611970281.3697681769302724 BLK1110EX240713961257.4697681769302624 BLK1110EX24088576293.2697682769302724 BLK1110EX24098476287.4697681769302724 BLK1110EX24105071233.3697683769303016 BLK1110EX24113767239.3697681769302924 BLK1110EX24125064242.8697681769302924 BLK1110EX24134859230.2697682769302824 BLK1110EX24147076254.4697684769302913 BLK1110EX24157964254.3697686769302914 BLK1110EX24168863239.3697682769302724 BLK1110EX241710364247.3697682769302724 ERC750EX24048481439.56970777694527388 ERC750EX240510878454.46970777694526388 ERC750EX24074884470.36970777694526388 ERC750EX24099480482.36970797694527375 ERC750EX24113384326.36970777694527388 ERC750EX25029475443.36970777694527388 ERC750EX25037385330.36970777694526388 LIM750EX250233667605.36972947694876387 LIM750EX250335150231.16972957694877387 LIM750EX250435070461.36972957694876387 LIM750EX250534386461.56972957694876386 LIM750EX250634160440.26972947694877387 LIM750EX250735070440.26972957694876387 LIM750EX25085076440.36972987694874387 LIM750EX25095165386.26972987694875387 LIM750EX251011066287.36973027694872375 LIM750EX251111466380.16972097694824387 LIM750EX251211275381.36972977694874386 LIM750EX25143584344.46972977694875386 Blanket Deep Drilling - Locality of Deep Drilling Blanket Orebodies - Drilling from 1,110 (34 level) metres below surface Eroica and Lima Orebody - Drilling from 750 metres (22 level) below surface Enquiries:Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793 Cavendish Capital Markets Limited (Nomad and Broker)
Adrian Hadden
Pearl KellieTel: +44 207 397 1965
Tel: +44 131 220 9775 Camarco, Financial PR (UK)
Gordon Poole
Elfie Kent
Tel: +44 20 3757 4980 Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77802131 IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd Mlotshwa
Tel: +263 (242) 745 119/33/39Qualified PersonCraig James Harvey, MGSSA, MAIG, Caledonia Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this news release. Craig James Harvey is a "Qualified Person" as defined by each of (i) the Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects and (ii) sub-part 1300 of Regulation S-K of the U.S. Securities Act.Quality Assurance and Quality ControlAccess to Blanket Mine premises is controlled by security personnel on the first gate. On the second gate, in addition to security, entry is gained by biometric entry system. Diamond drilling is performed by qualified diamond drillers under the supervision of a diamond drill foreperson. Drilled core is routinely brought to surface to the core shed where it is received and laid down. A qualified geological technician performs geotechnical logging while a qualified geologist logs the core and marks the portions for splitting. The core is split in half along the core long axis using an electric core cutter equipped with a diamond saw cutter located on surface at the Blanket Mine coreyard. All safety procedures are documented in a Standard Operating Procedure which governs the activity undertaken by trained personnel. The geologist marks the sample intervals, put tickets, insert standards and blanks. One half of the sample is put into a plastic sample bag and sealed with cable ties. The sampling information is entered into the database. The other half of the core is marked with sample intervals and sample numbers and returned to the core box and retained for future reference. The samples are put in marked grain bags and tied with cable ties.Transportation is by road using a mine vehicle to a SADCAS accredited testing laboratory (accreditation number TEST-05 0030) in Kwekwe, some 330km from Blanket Mine. A delivery note is signed as proof of dispatch.Gold is analysed by a 50 grams fire assay with an Atomic Absorption (AA) finish. The laboratory also has internal quality control ("QC") programs that include insertion of reagent blanks, reference materials, and pulp duplicates.Blanket Mine inserts QC samples (blanks and reference materials) at regular intervals to monitor laboratory performance.When results are received, the assay results are painted against the sample numbers on the core retained.Once the assay results are validated as being representative, the complete drillhole location, survey, lithology, geotechnical and assay logs are added to the drillhole database by the Blanket Database Manager.Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR.Cautionary Note Concerning Forward-Looking InformationInformation and statements contained in this news release that are not historical facts are "forward-looking information" within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited, to Caledonia's current expectations, intentions, plans, and beliefs. Forward-looking information can often be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "target", "intend", "estimate", "could", "should", "may" and "will" or the negative of these terms or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Examples of forward-looking information in this news release include: upgrading inferred mineral resources to indicated mineral resources, publication of a new mineral resource and reserve estimate, extending the life of mine and the confidence in the mineral resource base at depth. This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to: failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, success of future exploration and drilling programs, reliability of drilling, sampling and assay data, assumptions regarding the representativeness of mineralization being inaccurate, success of planned metallurgical test-work, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and other factors.Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. A mineral resource that is classified as "inferred" or "indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category of mineral resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable mineral reserves.Security holders, potential security holders and other prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Such factors include, but are not limited to: risks relating to estimates of mineral reserves and mineral resources proving to be inaccurate, fluctuations in gold price, risks and hazards associated with the business of mineral exploration, development and mining, risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, employee relations; relationships with and claims by local communities and indigenous populations; political risk; risks related to natural disasters, terrorism, civil unrest, public health concerns (including health epidemics or outbreaks of communicable diseases such as the coronavirus (COVID-19)); availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or grades of mineral reserves as mining occurs; global financial condition, the actual results of current exploration activities, changes to conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, the Company's title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs, risks relating to the uncertainty of timing of events including targeted production rate increase and currency fluctuations. Security holders, potential security holders and other prospective investors are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Caledonia undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.For a more detailed discussion of such risks and other factors that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this news release, see the Company's latest 20-F and Management's Discussion and Analysis, each under the heading "Risk Factors", available on the SEDAR website at www.sedar.com or on EDGAR at www.sec.gov. The foregoing should be reviewed in conjunction with the information and risk factors and assumptions found in this news release.This news release is not an offer of the shares of Caledonia for sale in the United States or elsewhere. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares of Caledonia, in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such province, state or jurisdiction.SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc: Encouraging Results From Deep Level Drilling at Blanket Mine

Caledonia Mining Corporation Plc-Issue of Securities Pursuant to Long Term Incentive Plan Awards and Issue of New Long Term Incentive Plan AwardsApril 2, 2026 2:00 AM
ACCESS Newswire(NYSE American:CMCL)(AIM:CMCL)(VFEX:CMCL)SAINT HELIER, JE / ACCESS Newswire / April 2, 2026 / Caledonia Mining Corporation Plc ("the Company" or "Caledonia") announces that, pursuant to the vesting of awards made under the 2015 Omnibus Equity Incentive Compensation Plan of the Company (the "Plan") and following the publication of preliminary financial results for the year ended December 31, 2025, a total of 22,051 common shares of no par value in the Company are being issued on or about April 9, 2026 to members of staff within the Company's group, including in the form of depositary interests and Zimbabwe depositary receipts in respect of such shares (together the "Securities").The following "Persons Discharging Managerial Responsibility" within the meaning of the Market Abuse Regulation (EU) No. 596/2014 ("PDMRs") shall receive the following Securities as set out below:NamePositionNumber of SecuritiesResulting interest in share capital of the Company (number and percentage)John Mark LearmonthDirector and Chief Executive Officer7,134223,982 (1.16%)Ross JerrardChief Financial Officer2,0622,062 (0.01%)Application has been made by Caledonia for the admission of depositary interests representing all the issued shares to trading on AIM and it is anticipated that trading in such Securities will commence on or about April 9, 2026.Following issue of all the Securities, the Company will have a total number of shares in issue of 19,335,079 common shares of no par value each. Caledonia has no shares in treasury; therefore, this figure may be used by holders of Securities as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company.Caledonia further announces that the Compensation Committee of the Board of Directors of the Company has approved the grant of new long term incentive plan awards under the Plan to members of staff in the group (the "Grant"), including to the following PDMRs with the following values as at April 1, 2026 (the "Grant Date"):Name of PDMRPositionValuesJohn Mark LearmonthDirector and Chief Executive OfficerUS$504,009Ross JerrardChief Financial OfficerUS$328,000Victor GapareExecutive DirectorUS$421,127The Grant is in the form of target Performance Units ("PUs"), as defined in the Plan. The final number of PUs which vest on maturity of the awards will be adjusted to reflect the actual performance of the group in terms of various operating metrics including (i) completion of the construction of the Bilboes Gold Project in terms of budget and schedule ("Bilboes metrics"), (ii) gold production, cost control and resource development at Blanket Mine, and (iii) establishment of a mineral resource estimate at Motapa, and is subject to certain minimum and maximum thresholds.The vesting date for the PUs shall be the first business day in April 2029,although if the Bilboes Gold Project is not constructed by then the proportion of PUs subject to the Bilboes metrics will vest immediately following completion of construction, subject to any closed periods.The numbers of PUs awarded are equal to the monetary values of the Grant divided by the "Fair Market Value" (as defined in the Plan) of the Company's shares, being the greater of (i) the closing price of Caledonia's shares on the NYSE American on the trading day preceding the date of the award or (ii) the volume-weighted average closing price of Caledonia's shares on the NYSE American for the five days preceding the date of the award, which resulted in a price of US$22.59 for the PUs awarded on the Grant Date.Each PU that vests entitles the PDMR to receive one Caledonia common share (or a security representing a share) on the maturity of the award. Securities that are issued to PDMRs pursuant to vesting PUs are subject to a minimum holding period of one year in case vested awards become subject to forfeiture, reduction or cancellation.Enquiries:Caledonia Mining Corporation PlcMark LearmonthCamilla HorsfallTel: +44 1534 679 800Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)Adrian HaddenPearl KellieTel: +44 207 397 1965Tel: +44 131 220 9775Camarco, Financial PR (UK)Gordon Poole/Fergus Young/Elfie KentTel: +44 20 3757 4980Curate Public Relations (Zimbabwe)Debra TatendaTel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)Lloyd MlotshwaTel: +263 (242) 745 119/33/39NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM1Details of the person discharging managerial responsibilities/person closely associateda)NameJohn Mark Learmonth 2Reason for the notificationa)Position/statusDirector and Chief Executive Officer b)Initial notification/ AmendmentInitial notification 3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameCaledonia Mining Corporation Plc b)LEI21380093ZBI4BFM75Y51 4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrumentIdentification codeDepositary interests representing common shares of no par valueJE00BF0XVB15 b)Nature of the transactionIssue of securities c)Price(s) and volume(s)Price(s)Volume(s)US$22.597,134 d)Aggregated information- Aggregated volume- Pricen/a e)Date of the transaction1 April 2026 f)Place of the transactionAIM of the London Stock Exchange plc NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM1Details of the person discharging managerial responsibilities/person closely associateda)NameJohn Mark Learmonth2Reason for the notificationa)Position/statusDirector and Chief Executive Officerb)Initial notification/ AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameCaledonia Mining Corporation Plcb)LEI21380093ZBI4BFM75Y514Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrumentIdentification codeCommon shares of no par value or depositary interests representing such common sharesJE00BF0XVB15b)Nature of the transactionAward of target performance units under the 2015 Omnibus Equity Incentive Compensation Plan which vest in the form of sharesc)Price(s) and volume(s)Price(s)Volume(s)Nil22,311d)Aggregated information- Aggregated volume- Pricen/ae)Date of the transaction1 April 2026f)Place of the transactionOutside a trading venueNOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM1Details of the person discharging managerial responsibilities/person closely associateda)NameRoss Jerrard2Reason for the notificationa)Position/statusChief Financial Officerb)Initial notification/ AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameCaledonia Mining Corporation Plcb)LEI21380093ZBI4BFM75Y514Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrumentIdentification codeCommon shares of no par valueJE00BF0XVB15b)Nature of the transactionIssue of securitiesc)Price(s) and volume(s)Price(s)Volume(s)US$22.592,062d)Aggregated information- Aggregated volume- Pricen/ae)Date of the transaction1 April 2026f)Place of the transactionOutside a trading venueNOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM1Details of the person discharging managerial responsibilities/person closely associateda)NameRoss Jerrard2Reason for the notificationa)Position/statusChief Financial Officerb)Initial notification/ AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameCaledonia Mining Corporation Plcb)LEI21380093ZBI4BFM75Y514Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrumentIdentification codeCommon shares of no par value or depositary interests representing such common sharesJE00BF0XVB15b)Nature of the transactionAward of target performance units under the 2015 Omnibus Equity Incentive Compensation Plan which vest in the form of sharesc)Price(s) and volume(s)Price(s)Volume(s)Nil14,519d)Aggregated information- Aggregated volume- Pricen/ae)Date of the transaction1 April 2026f)Place of the transactionOutside a trading venueNOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM1Details of the person discharging managerial responsibilities/person closely associateda)NameVictor Gapare2Reason for the notificationa)Position/statusExecutive Directorb)Initial notification/ AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameCaledonia Mining Corporation Plcb)LEI21380093ZBI4BFM75Y514Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrumentIdentification codeCommon shares of no par value or depositary interests representing such common sharesJE00BF0XVB15b)Nature of the transactionAward of target performance units under the 2015 Omnibus Equity Incentive Compensation Plan which vest in the form of sharesc)Price(s) and volume(s)Price(s)Volume(s)Nil18,642d)Aggregated information- Aggregated volume- Pricen/ae)Date of the transaction1 April 2026f)Place of the transactionOutside a trading venueSOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc-Issue of Securities Pursuant to Long Term Incentive Plan Awards and Issue of New Long Term Incentive Plan Awards

Caledonia Mining Corporation Plc - Notification of Relevant Change to Significant ShareholderApril 1, 2026 2:00 AM
ACCESS Newswire(NYSE American:CMCL)(AIM:CMCL)(VFEX:CMCL)SAINT HELIER, JE / ACCESS Newswire / April 1, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it received notification on March 30, 2026 from BlackRock, Inc. that on March 27, 2026 it had crossed a threshold for notification of a relevant change (as defined by the AIM Rules for Companies).A copy of the notification is below.Enquiries:Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793 Cavendish Capital Markets Limited (Nomad and Broker)
Adrian Hadden
George Lawson
Tel: +44 207 397 1965
Tel: +44 131 220 9775 Camarco, Financial PR (UK)
Gordon Poole
Elfie Kent
Tel: +44 20 3757 4980 Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77802131 IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd Mlotshwa
Tel: +263 (242) 745 119/33/39TR-1: Standard form for notification of major holdingsNOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:CALEDONIA MINING CORPORATION PLC1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)Non-UK issuerX2. Reason for the notification (please mark the appropriate box or boxes with an "X")An acquisition or disposal of voting rightsXAn acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify) iii: 3. Details of person subject to the notification obligation ivNameBlackRock, Inc.City and country of registered office (if applicable)Wilmington, DE, USA4. Full name of shareholder(s) (if different from 3.) vName City and country of registered office (if applicable) 5. Date on which the threshold was crossed or reached vi:27/03/20266. Date on which issuer notified (DD/MM/YYYY):30/03/20267. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)Total of both in % (8.A + 8.B)Total number of voting rights held in issuer (8.A + 8.B) viiResulting situation on the date on which threshold was crossed or reached4.83%1.61%6.44%1,245,363Position of previous notification (ifapplicable)5.18%1.37%6.55%  8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viiiA: Voting rights attached to sharesClass/type of
sharesISIN code (if possible)Number of voting rights ix% of voting rightsDirect(DTR5.1)Indirect(DTR5.2.1)Direct(DTR5.1)Indirect(DTR5.2.1)JE00BF0XVB15 933,809 4.83% SUBTOTAL 8. A933,8094.83% B 1: Financial Instruments according to DTR5.3.1R (1) (a)Type of financial instrumentExpiration
date xExercise/
Conversion Period xiNumber of voting rights that may be acquired if the instrument isexercised/converted.% of voting rightsSecurities LendingN/AN/A170,1950.88% SUBTOTAL 8. B 1170,1950.88% B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)Type of financial instrumentExpiration
date xExercise/
Conversion Period xiPhysical or cashSettlement xiiNumber of voting rights% of voting rightsCFDN/AN/ACash141,3580.73% SUBTOTAL 8.B.2141,3580.73% 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xivXName xv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock HK Holdco Limited BlackRock Lux Finco S.a.r.l. BlackRock Japan Holdings GK BlackRock Japan Co., Ltd. BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. Trident Merger, LLC BlackRock Investment Management, LLC BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Investment Management (UK) Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Institutional Trust Company, National Association BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Fund Advisors3.03%0.01%3.04% BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BlackRock Canada Holdings ULC BlackRock Asset Management Canada Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Capital Holdings, Inc. BlackRock Advisors, LLC BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. Trident Merger, LLC BlackRock Investment Management, LLC Amethyst Intermediate, LLC Aperio Holdings, LLC Aperio Group, LLC 10. In case of proxy voting, please identify:Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional information xviBlackRock Regulatory Threshold Reporting TeamJana Blumenstein020 7743 3650 Place of completion12 Throgmorton Avenue, London, EC2N 2DL, U.K.Date of completion30 March 2026SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc - Notification of Relevant Change to Significant Shareholder

Caledonia Mining Corporation Plc - Notice of Availability of AGM MaterialsApril 1, 2026 2:00 AM
ACCESS Newswire(NYSE American:CMCL)(AIM:CMCL)(VFEX:CMCL)SAINT HELIER, JE / ACCESS Newswire / April 1, 2026 / Caledonia Mining Corporation Plc (the "Company") announces that documents comprising a notice of annual general meeting of shareholders (the "AGM") and a management information circular - solicitation of proxies together with a proxy form are now available at:https://www.caledoniamining.com/investors/shareholder-information/#shareholder-meeting-documentsThe AGM will be held at 2 Mulcaster Street, St Helier, Jersey JE2 3NJ, Channel Islands on Tuesday, May 5, 2026 commencing at 9:00 a.m. (UK time).Enquiries:Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793 Cavendish Capital Markets Limited (Nomad and Broker)
Adrian Hadden
Pearl Kellie
Tel: +44 207 397 1965
Tel: +44 131 220 9775 Camarco, Financial PR (UK)
Gordon Poole/ /Elfie Kent
Tel: +44 20 3757 4980 Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77802131 IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd Mlotshwa
Tel: +263 (242) 745 119/33/39SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc - Notice of Availability of AGM Materials

Caledonia Mining Corporation Plc - Notification of Relevant Change to Significant ShareholderMarch 30, 2026 2:45 PM
ACCESS Newswire(NYSE AMERICAN:CMCL)(AIM:CMCL)(VFEX:CMCL)SAINT HELIER, JE / ACCESS Newswire / March 30, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it received notification on March 27, 2026 from BlackRock, Inc. that on March 26, 2026 it had crossed a threshold for notification of a relevant change (as defined by the AIM Rules for Companies).A copy of the notification is below.Enquiries:Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)
Adrian Hadden
George Lawson
Tel: +44 207 397 1965
Tel: +44 131 220 9775Camarco, Financial PR (UK)
Gordon Poole
Elfie Kent
Tel: +44 20 3757 4980Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd Mlotshwa
Tel: +263 (242) 745 119/33/39TR-1: Standard form for notification of major holdingsNOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:CALEDONIA MINING CORPORATION PLC1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)Non-UK issuerX2. Reason for the notification (please mark the appropriate box or boxes with an "X")An acquisition or disposal of voting rightsXAn acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify) iii: 3. Details of person subject to the notification obligation ivNameBlackRock, Inc.City and country of registered office (if applicable)Wilmington, DE, USA4. Full name of shareholder(s) (if different from 3.) vName City and country of registered office (if applicable) 5. Date on which the threshold was crossed or reached vi:26/03/20266. Date on which issuer notified (DD/MM/YYYY):27/03/20267. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)Total of both in % (8.A + 8.B)Total number of voting rights held in issuer (8.A + 8.B) viiResulting situation on the date on which threshold was crossed or reached5.18%1.37%6.55%1,265,920Position of previous notification (ifapplicable)4.93%1.63%6.56%  8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viiiA: Voting rights attached to sharesClass/type of
sharesISIN code (if possible)Number of voting rights ix% of voting rightsDirect(DTR5.1)Indirect(DTR5.2.1)Direct(DTR5.1)Indirect(DTR5.2.1)JE00BF0XVB15 1,001,011 5.18% SUBTOTAL 8. A1,001,0115.18% B 1: Financial Instruments according to DTR5.3.1R (1) (a)Type of financial instrumentExpiration
date xExercise/
Conversion Period xiNumber of voting rights that may be acquired if the instrument isexercised/converted.% of voting rightsSecurities LendingN/AN/A123,5510.63% SUBTOTAL 8. B 1123,5510.63% B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)Type of financial instrumentExpiration
date xExercise/
Conversion Period xiPhysical or cashSettlement xiiNumber of voting rights% of voting rightsCFDN/AN/ACash141,3580.73% SUBTOTAL 8.B.2141,3580.73% 9. Information in relation to the person subject to the notification obligation (please mark theapplicable box with an "X")Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xivXName xv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock HK Holdco Limited BlackRock Lux Finco S.a.r.l. BlackRock Japan Holdings GK BlackRock Japan Co., Ltd. BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. Trident Merger, LLC BlackRock Investment Management, LLC BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Investment Management (UK) Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Institutional Trust Company, National Association BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Fund Advisors BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BlackRock Canada Holdings ULC BlackRock Asset Management Canada Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Capital Holdings, Inc. BlackRock Advisors, LLC BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. Trident Merger, LLC BlackRock Investment Management, LLC Amethyst Intermediate, LLC Aperio Holdings, LLC Aperio Group, LLC 10. In case of proxy voting, please identify:Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional information xviBlackRock Regulatory Threshold Reporting TeamJana Blumenstein
020 7743 3650 Place of completion12 Throgmorton Avenue, London, EC2N 2DL, U.K.Date of completion27 March 2026SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc - Notification of Relevant Change to Significant Shareholder

Notification of Relevant Change to Significant ShareholderMarch 27, 2026 7:55 PM
ACCESS Newswire(NYSE AMERICAN:CMCL)(AIM:CMCL)(VFEX:CMCL)SAINT HELIER, JE / ACCESS Newswire / March 27, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it received notification on March 26, 2026 from BlackRock, Inc. that on March 25, 2026 it had crossed a threshold for notification of a relevant change (as defined by the AIM Rules for Companies).A copy of the notification is below.Enquiries:Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)
Adrian Hadden
George Lawson
Tel: +44 207 397 1965
Tel: +44 131 220 9775Camarco, Financial PR (UK)
Gordon Poole
Elfie Kent
Tel: +44 20 3757 4980Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd Mlotshwa
Tel: +263 (242) 745 119/33/39TR-1: Standard form for notification of major holdingsNOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:CALEDONIA MINING CORPORATION PLC1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)Non-UK issuerX2. Reason for the notification (please mark the appropriate box or boxes with an "X")An acquisition or disposal of voting rightsXAn acquisition or disposal of financial instrumentsAn event changing the breakdown of voting rightsOther (please specify) iii:3. Details of person subject to the notification obligation ivNameBlackRock, Inc.City and country of registered office (if applicable)Wilmington, DE, USA4. Full name of shareholder(s) (if different from 3.) vNameCity and country of registered office (if applicable)5. Date on which the threshold was crossed or reached vi:25/03/20266. Date on which issuer notified (DD/MM/YYYY):26/03/20267. Total positions of person(s) subject to the notification obligation% of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)Total of both in % (8.A + 8.B)Total number of voting rights held in issuer (8.A + 8.B) viiResulting situation on the date on which threshold was crossed or reached4.93%1.63%6.56%1,268,587Position of previous notification (ifapplicable)5.05%1.52%6.57% 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viiiA: Voting rights attached to sharesClass/type of
sharesISIN code (if possible)Number of voting rights ix% of voting rightsDirect(DTR5.1)Indirect(DTR5.2.1)Direct(DTR5.1)Indirect(DTR5.2.1)JE00BF0XVB15953,2184.93%SUBTOTAL 8. A953,2184.93%B 1: Financial Instruments according to DTR5.3.1R (1) (a)Type of financial instrumentExpiration
date xExercise/
Conversion Period xiNumber of voting rights that may be acquired if the instrument isexercised/converted.% of voting rightsSecurities LendingN/AN/A173,5660.89%SUBTOTAL 8. B 1173,5660.89%B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)Type of financial instrumentExpiration
date xExercise/
Conversion Period xiPhysical or cashSettlement xiiNumber of voting rights% of voting rightsCFDN/AN/ACash141,8030.73%SUBTOTAL 8.B.2141,8030.73%9. Information in relation to the person subject to the notification obligation (please mark theapplicable box with an "X")Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiiiFull chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xivXName xv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable thresholdBlackRock, Inc.BlackRock Saturn Subco, LLCBlackRock Finance, Inc.BlackRock Holdco 2, Inc.BlackRock Financial Management, Inc.BlackRock International Holdings, Inc.BR Jersey International Holdings L.P.BlackRock (Singapore) Holdco Pte. Ltd.BlackRock HK Holdco LimitedBlackRock Lux Finco S.a.r.l.BlackRock Japan Holdings GKBlackRock Japan Co., Ltd.BlackRock, Inc.BlackRock Saturn Subco, LLCBlackRock Finance, Inc.Trident Merger, LLCBlackRock Investment Management, LLCBlackRock, Inc.BlackRock Saturn Subco, LLCBlackRock Finance, Inc.BlackRock Holdco 2, Inc.BlackRock Financial Management, Inc.BlackRock International Holdings, Inc.BR Jersey International Holdings L.P.BlackRock Holdco 3, LLCBlackRock Cayman 1 LPBlackRock Cayman West Bay Finco LimitedBlackRock Cayman West Bay IV LimitedBlackRock Group LimitedBlackRock Investment Management (UK) LimitedBlackRock, Inc.BlackRock Saturn Subco, LLCBlackRock Finance, Inc.BlackRock Holdco 2, Inc.BlackRock Financial Management, Inc.BlackRock Holdco 4, LLCBlackRock Holdco 6, LLCBlackRock Delaware Holdings Inc.BlackRock Institutional Trust Company, National AssociationBlackRock, Inc.BlackRock Saturn Subco, LLCBlackRock Finance, Inc.BlackRock Holdco 2, Inc.BlackRock Financial Management, Inc.BlackRock Holdco 4, LLCBlackRock Holdco 6, LLCBlackRock Delaware Holdings Inc.BlackRock Fund AdvisorsBlackRock, Inc.BlackRock Saturn Subco, LLCBlackRock Finance, Inc.BlackRock Holdco 2, Inc.BlackRock Financial Management, Inc.BlackRock, Inc.BlackRock Saturn Subco, LLCBlackRock Finance, Inc.BlackRock Holdco 2, Inc.BlackRock Financial Management, Inc.BlackRock International Holdings, Inc.BlackRock Canada Holdings ULCBlackRock Asset Management Canada LimitedBlackRock, Inc.BlackRock Saturn Subco, LLCBlackRock Finance, Inc.BlackRock Holdco 2, Inc.BlackRock Financial Management, Inc.BlackRock Capital Holdings, Inc.BlackRock Advisors, LLCBlackRock, Inc.BlackRock Saturn Subco, LLCBlackRock Finance, Inc.Trident Merger, LLCBlackRock Investment Management, LLCAmethyst Intermediate, LLCAperio Holdings, LLCAperio Group, LLC10. In case of proxy voting, please identify:Name of the proxy holderThe number and % of voting rights heldThe date until which the voting rights will be held11. Additional information xviBlackRock Regulatory Threshold Reporting TeamJana Blumenstein020 7743 3650Place of completion12 Throgmorton Avenue, London, EC2N 2DL, U.K.Date of completion26 March 2026 SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Notification of Relevant Change to Significant Shareholder

Caledonia Mining Corporation Plc - Notification of Relevant Change to Significant ShareholderMarch 27, 2026 5:45 PM
ACCESS Newswire(NYSE AMERICAN:CMCL)(AIM:CMCL)(VFEX:CMCL)SAINT HELIER, JE / ACCESS Newswire / March 27, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it received notification on March 27, 2026 from BlackRock, Inc. that on March 26, 2026 it had crossed a threshold for notification of a relevant change (as defined by the AIM Rules for Companies).A copy of the notification is below.Enquiries:Caledonia Mining Corporation PlcMark LearmonthCamilla HorsfallTel: +44 1534 679 800Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)Adrian HaddenGeorge LawsonTel: +44 207 397 1965Tel: +44 131 220 9775Camarco, Financial PR (UK)Gordon PooleElfie KentTel: +44 20 3757 4980Curate Public Relations (Zimbabwe)Debra TatendaTel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)Lloyd MlotshwaTel: +263 (242) 745 119/33/39TR-1: Standard form for notification of major holdingsNOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:CALEDONIA MINING CORPORATION PLC1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)Non-UK issuerX2. Reason for the notification (please mark the appropriate box or boxes with an "X")An acquisition or disposal of voting rightsXAn acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify) iii: 3. Details of person subject to the notification obligation ivNameBlackRock, Inc.City and country of registered office (if applicable)Wilmington, DE, USA4. Full name of shareholder(s) (if different from 3.) vName City and country of registered office (if applicable) 5. Date on which the threshold was crossed or reached vi:26/03/20266. Date on which issuer notified (DD/MM/YYYY):27/03/20267. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)Total of both in % (8.A + 8.B)Total number of voting rights held in issuer (8.A + 8.B) viiResulting situation on the date on which threshold was crossed or reached5.18%1.37%6.55%1,265,920Position of previous notification (ifapplicable)4.93%1.63%6.56%  8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viiiA: Voting rights attached to sharesClass/type of
sharesISIN code (if possible)Number of voting rights ix% of voting rightsDirect(DTR5.1)Indirect(DTR5.2.1)Direct(DTR5.1)Indirect(DTR5.2.1)JE00BF0XVB15 1,001,011 5.18% SUBTOTAL 8. A1,001,0115.18% B 1: Financial Instruments according to DTR5.3.1R (1) (a)Type of financial instrumentExpiration
date xExercise/
Conversion Period xiNumber of voting rights that may be acquired if the instrument isexercised/converted.% of voting rightsSecurities LendingN/AN/A123,5510.63% SUBTOTAL 8. B 1123,5510.63% B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)Type of financial instrumentExpiration
date xExercise/
Conversion Period xiPhysical or cashSettlement xiiNumber of voting rights% of voting rightsCFDN/AN/ACash141,3580.73% SUBTOTAL 8.B.2141,3580.73% 9. Information in relation to the person subject to the notification obligation (please mark theapplicable box with an "X")Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xivXName xv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock HK Holdco Limited BlackRock Lux Finco S.a.r.l. BlackRock Japan Holdings GK BlackRock Japan Co., Ltd. BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. Trident Merger, LLC BlackRock Investment Management, LLC BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Investment Management (UK) Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Institutional Trust Company, National Association BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Fund Advisors BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BlackRock Canada Holdings ULC BlackRock Asset Management Canada Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Capital Holdings, Inc. BlackRock Advisors, LLC BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. Trident Merger, LLC BlackRock Investment Management, LLC Amethyst Intermediate, LLC Aperio Holdings, LLC Aperio Group, LLC 10. In case of proxy voting, please identify:Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional information xviBlackRock Regulatory Threshold Reporting TeamJana Blumenstein
020 7743 3650 Place of completion12 Throgmorton Avenue, London, EC2N 2DL, U.K.Date of completion27 March 2026SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc - Notification of Relevant Change to Significant Shareholder

ABRIDGED, PRELIMINARY AND UNAUDITED QUARTERLY AND FULL YEAR RESULTS AND DETAILS OF MANAGEMENT CONFERENCE Call for the Fourth Quarter and Full Year Ended December 31, 2025 ("The Quarter" or "Q4 2025" and "FY 2025" Respectively)March 23, 2026 3:00 AM
ACCESS NewswireRECORD FINANCIAL PERFORMANCE IN FY 2025, STRONG CASH GENERATION AND CLEAR GROWTH MOMENTUM INTO 2026SAINT HELIER, JE / ACCESS Newswire / March 23, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company" and together with its subsidiaries "the Group") is pleased to report preliminary unaudited financial and operating performance for the Quarter and FY 2025, reflecting a year of strong revenue, profit and cash generation, alongside continued progress on its growth strategy across Blanket Mine, Bilboes and Motapa.The Group's performance during the year was underpinned by a higher gold price environment, providing a robust platform to execute the next phase of growth into 2026 and beyond.Unaudited consolidated statements of profit or loss and other comprehensive income, consolidated statements of financial position and consolidated statements of cash flows are included in the appendices at the end of this announcement. The Company expects to file its Annual Report on Form 20-F for the year ended December 31, 2025, containing audited financial statements for FY 2025, ("Form 20-F") with the U.S. Securities and Exchange Commission in the next few weeks, and an announcement will be made to notify of its filing in due course.As a result, all financial results described herein should be considered preliminary (and are unaudited), and are subject to change to reflect any necessary adjustments or changes in accounting estimates that are identified prior to the time we file our Form 20-F.Summary for Quarter and FY 2025The Group delivered an exceptional financial performance in FY 2025, benefiting from a higher gold price environment.Gold Production and Sales:Blanket Mine ("Blanket") produced 76,213 ounces ("oz") of gold in FY 2025 and sold 77,392 oz, with 2,262 oz of gold bullion on hand at year end.The Bilboes oxide operation produced and sold 1,683 oz of gold during FY 2025.Total consolidated gold sales were 79,075 oz, compared to 77,917 oz in the previous year ("FY 2024").Revenue increased by 46% to US$267.7 million, compared with US$183.0 million in FY 2024, driven primarily by a significantly higher realised gold price and strong sales volumes.Gross profit increased to US$137.1 million, compared to US$77.0 million in FY 2024, reflecting improved margins due to the higher gold price.EBITDA increased to US$125.3 million, compared with US$59.7million in FY 2024, representing a substantial improvement driven by higher gold prices.Profit after tax increased to US$67.5 million, compared with US$23.1 million in FY 2024, an increase of 193%.Net cash generated from operating activities increased by 82% to US$76.2 million (FY 2024: US$42.0 million).Unit Costs:Consolidated on-mine cash cost averaged US$1,263/oz sold.All in sustaining cost ("AISC") averaged US$1,952/oz sold, based on 79,075 oz sold.Free cash flow increased to US$62.1 million, compared with US$10.6 million in FY 2024.Basic earnings per share ("EPS") increased by 211% to US$2.83 (FY 2024: US$0.91), driven by higher profitability.Bilboes Gold Project ("Bilboes" or "the Project"):The Bilboes sulphide feasibility study was completed and published in November 2025, confirming a single-phase development, robust economics and a clear pathway to development.See "Bilboes Gold Project Technical Report Summary" with effective date October 31, 2025 prepared by DRA Projects (Pty) Ltd and filed by the Company on EDGAR as an exhibit to a Form 6-K Report of Foreign Private Issuer on November 24, 2025 (the "Feasibility Study").On 5 November 2025, Caledonia announced the appointment of Mr. July Ndlovu as an independent non-executive director to the Board.Quarterly dividend: Caledonia announces today that the board of directors of the Company (the "Board") has approved a dividend of 14 cents per share which will be paid on April 17, 2026.The Group's balance sheet strengthened materially during the year. Cash and cash equivalents increased to US$35.7 million at year end (FY 2024: US$4.3 million), resulting in a net cash position of US$23.8 million, compared with a net debt position of US$8.7 million at the end of 2024. This enhanced financial position provides the Group with greater flexibility to fund its growth initiatives.OPERATING RESULTS SUMMARY Q4 2025 Q4 2024 % ? 12-Months 2025 12-Months 2024 % ? SAFETY Group LTIFR (per 1m hours)1,5 0.0 1.11 -100% 0.8 0.71 12.7%Group TIFR (per 1m hours)1,6 2.8 2.21 26.7% 3.5 4.41 -20.5%UNDERGROUND MINING2 Ore broken in tonnes (t) ('000's) 221.6 229.0 -3.2% 916.2 851.4 7.6%Ore hoisted in tonnes (t) ('000's) 197.4 213.5 -7.5% 840.2 772.2 8.8%PROCESSING2 Ore processed/milled (t) ('000's) 207.7 207.7 0.0% 826.8 797.5 3.7%Head/feed grade (grams/tonne) 2.8 3.2 -12.5% 3.07 3.2 -4.1%Gold recovery (%) 92.8 93.6 -0.9% 93.4 93.6 -0.2%Gold production (oz) 17,367 19,841 -12.5% 76,213 76,656 -0.6%COSTS AND SALES Gold sold (oz) 18,408 18,141 1.5% 79,075 77,917 1.5%On-mine costs (US$ 000) 28,037 21,361 31.3% 99,873 83,619 19.4%On-mine (US$/oz sold) 1,523 1,177 29.4% 1,263 1,073 17.7%AISC (US$ 000) 42,249 34,055 24.1% 154,335 117,321 31.6%AISC (US$/oz sold) 2,295 1,877 22.3% 1,952 1,506 29.6%Realised gold price (US$/oz) 4,057 2,618 55.0% 3,383 2,347 44.1%FINANCIALS3 Revenue (US$ 000) 74,736 47,515 57.3% 267,663 183,018 46.2%EBITDA (US$ 000) 29,817 17,426 71.1% 125,319 59,695 109.9%Profit after tax (US$ 000) 14,099 7,516 87.5% 67,511 23,054 192.8%Capital expenditure (US$ 000)4 6,604 10,437 -36.7% 30,772 27,915 10.2%Free cash-flow (US$ 000) 13,788 876 1,473.9% 62,116 10,643 483.6%Basic earnings per share ($) 0.56 0.30 86.7% 2.83 0.91 211.0%Diluted earnings per share ($) 0.56 0.30 86.7% 2.83 0.91 211.0%Previously reported in 200,000 man hours.The production summaries above only show Blanket results. Bilboes contributes marginally to the overall results; however, due to materiality, its numbers have not been included above.Please refer to the financial statement appendices at the end of the report.The capex relates to Blanket only.LTIFR - lost time injury frequency rate.TIFR - total incident frequency rate.Chief Executive Officer's CommentMark Learmonth, Caledonia's Chief Executive Officer, commented:"2025 has been a strong year for the Group, marked by record financial performance, excellent cash generation and continued strategic progress across the business. Revenue increased by 46% to US$267.7 million, profit after tax rose by 193% to US$67.5 million, and net cash generated from operations increased by 82% to US$76.2 million.At Blanket, we produced 76,213 ounces of gold, meeting our revised increased guidance, while continuing to invest in exploration. The results from our drilling programmes are highly encouraging and reinforce our confidence in the long-term future of the operation.Beyond Blanket, we advanced our organic growth strategy and made decisive progress with Bilboes, our next mine. The publication of the Feasibility Study confirmed our expectations that Bilboes is an attractive and robust project that has the potential to materially change our production and profit profile and at the same time provide meaningful contributions to Zimbabwe.Our investment in Motapa, which sits contiguous to Bilboes, forms an important part of our strategy to build a broader production and growth platform in Zimbabwe. Our post-period funding initiatives, together with the proceeds from the sale of the solar plant at Blanket, have significantly strengthened our balance sheet and leave us well positioned to fund growth while importantly maintaining financial flexibility.We continue to receive strong and constructive support from the Government of Zimbabwe in implementing our strategy. Looking ahead to 2026, our focus is on execution and the strategic objective of becoming a multi-mine producer. Our commitment is unwavering to safety and our people while maintaining consistent operations at Blanket, advancing Bilboes in line with the financing and development timetable, continuing targeted exploration at Motapa, and delivering sustainable value for shareholders, employees and the communities in which we operate. We intend to use the current strong gold price to invest in projects at Blanket to improve operating resilience and contain further upward pressure on input prices."WEBCASTThe Company will host a remote presentation for analysts and investors on its preliminary and unaudited operating and financial results for the Quarter and FY 2025 on Monday March 23, 2026 at 2:00pm London time, followed by an opportunity to ask questions.Webcast link: https://stream.brrmedia.co.uk/broadcast/69ae9fc354af4a0013267828SafetySafety remains a core priority for the Group. During FY 2025, the Company reported a fatal accident involving a Blanket employee in September 2025, following an incident related to secondary blasting. The Group remains deeply saddened by the loss and extends its condolences to the family and those affected. In response, management initiated a comprehensive review of safety procedures, controls and training programmes across the operation, with a continued focus on reinforcing safety standards, improving risk management practices and strengthening the safety culture throughout the business.At Blanket, work is underway to further strengthen the fatal risk management framework, including the enhancement of risk registers, risk standards, and verification and assurance processes. In parallel, the Group has implemented the IsoMetrix electronic SHEC management system to support consistent incident reporting, hazard identification and risk management across its operations. The system went live in December 2025, with training continuing into 2026.No lost time injuries or fatalities occurred during the Quarter, and the LTIFR for FY2025 was 0.84 per million work hours.ProductionBlanket delivered a strong and resilient operational performance in FY 2025, meeting increased production guidance despite operational challenges experienced during the year. FY 2025 gold production of 76,213 oz was within the revised guidance range of 75,500 to 79,500 oz and broadly consistent with production achieved over the prior two years, reflecting the underlying stability of the operation.Production in the second half of the year was affected by lower tonnages from higher grade areas, which are being addressed through ongoing mine development, and by an increased incidence of prolonged electricity supply interruptions towards the end of the year. These impacts were partially offset by robust milling throughput and the draw-down of material from the ore stockpile, which helped to maintain overall production levels.For 2026, Caledonia expects Blanket gold production to be in the range of 72,000 to 76,500 oz[1], with the quarterly production profile anticipated to be stronger in the second half of the year as higher-grade areas increasingly come on stream.1 Refer to "S-K 1300 Technical Report Summary on the Blanket Gold Mine, Zimbabwe" with effective date December 31, 2023 prepared by Caledonia and filed by the Company on EDGAR as an exhibit to its annual report on Form 20-F on May 15, 2024; and "NI 43-101 Technical Report on the Blanket Gold Mine, Zimbabwe" with effective date December 31, 2023 prepared by Caledonia and filed by the Company on SEDAR+ on May 15, 2024Capital Expenditure and Investment for GrowthThe main capital projects at Blanket in 2025 were the ongoing mine development to provide access to new mining areas and the completion of the new Tailings Storage Facility ("TSF").On-mine capital development has established critical infrastructure across the 26, 30, and 34 Levels, thereby supporting sustained operations at greater depth. Currently, significant progress is being made on the development of a twin decline system designed to provide enhanced access to the 38 Level. The decline system has successfully advanced to the 36 Level, where the establishment of a mid-level is underway to facilitate production activities below the 34 Level. 5,532 and 22,284 meters of development were achieved for the Quarter and FY 2025 respectively.The TSF was built on a modular basis to spread the cost over a longer period, and to ensure that the first phase could receive material before the old TSF reached its full capacity. Work on the TSF was completed on July 31, 2025. A second return water dam to support the TSF was commissioned in November 2025.The Company published guidance on January 14, 2026 for capital expenditure for 2026, in which it stated that guidance may be increased to cater for the construction of a 34km electricity line to connect Blanket to Zimbabwe's 132Kv backbone. This investment is expected to reduce the price of power received from the grid and reduce the incidence of power outages experienced by Blanket, thereby reducing the use of expensive diesel generators and allowing an increase in expected production of about 1,000 oz per annum due to improved operating reliability. The study for this project has been completed, and the Board has approved an amount of $14.2 million for this project. Work is expected to commence immediately, and the project is expected to be completed in the second quarter of 2027. The Board has also approved additional capital expenditure of $2.2 million to convert the winder at Central Shaft from Alternating Current (AC) to Direct Current (DC) operation. This work should be done over the December 2026/January 2027 period and is expected to realise cost savings of approximately $0.6m per annum.(US$ 000) Q4 2025 2025 SUSTAINING CAPEX Underground mine development 1,215 6,659 Engineering equipment 1,329 9,612 Other sustaining capex 3,205 8,444 Total sustaining capex 5,749 24,715 NON-SUSTAINING CAPEX TSF 855 6,057 Total non-sustaining capex 855 6,057 TOTAL CAPEX * 6,604 30,772 * The capex relates to Blanket only.Total Group capital expenditure for FY 2026 is projected to be US$178.9 million, reflecting the Group's commitment to sustaining production at Blanket while advancing its growth pipeline.This comprises:Sustaining capital of US$43.0 million, largely focused on Blanket.Growth capital of US$135.9 million, including:US$132.1 million allocated to the Bilboes development project, subject to Board approval and funding; andUS$3.8 million for exploration at Motapa, reflecting the Group's focus on longer term value creation and synergies with Bilboes.CostsDuring FY2025, total production costs for the Group increased to US$101.3 million (FY 2024: US$80.7 million), primarily reflecting inflationary pressures on labour, consumables and power, increased underground development activity at Blanket, and continued investment in operational reliability and safety. Blanket accounted for the majority of production costs, while costs at the Bilboes oxide operation remained modest and consistent with prior periods.On a unit basis, the Group reported a consolidated on-mine cash cost of US$1,263 per oz sold and an AISC of US$1,952 per oz sold, which were marginally above the guidance ranges of $1,150 - $1,250 and $1,850 - $1,950, respectively. The increased on-mine cost per oz reflects the increased on-mine costs and the effect of the reduced grade which fell from 3.2g/t to 3.07g/t.Administrative expenses increased to US$20.5 million (FY 2024: US$15.7 million), reflecting higher employee costs, professional and advisory fees, and ongoing investment in governance and compliance. Despite these increases, strong gold prices and ongoing focus on cost control delivered significant margin expansion, and management believes the cost base remains appropriate to advance the Group's long-term growth strategy. Measures such as the 132Kv power line and the conversion of the Central Shaft winder from AC to DC operation are expected to realise cost savings from 2027 onwards, but these savings are likely to be counterbalanced by further increases in costs arising from the provision of living accommodation for the workforce at Blanket which has increased significantly in recent years.SalesGold sales during FY 2025 reflected both stable production levels and a significantly higher gold price environment, resulting in strong revenue growth and margin expansion. The Group sold a total of 79,075 ounces of gold during the year (FY 2024: 77,917 ounces), primarily from Blanket, with additional contribution from the Bilboes oxide operation. Gold sales volumes were broadly consistent year-on-year, demonstrating the underlying reliability of the Group's operations.Average realised gold prices increased materially to US$3,383 per oz (FY 2024: US$2,347 per oz), driving revenue growth of 46% to US$267.7 million. The higher realised price more than offset cost inflation and supported a substantial improvement in profitability and cash generation. Management believes the combination of consistent sales volumes and exposure to a supportive gold price environment positions the Group well to continue generating strong margins while funding ongoing operations, dividends and growth initiatives.Underground Mining and ProcessingDuring FY 2025, underground milling and processing activities continued to support production delivery at Blanket, as reflected in total gold production of 76,213 oz for the year. Q4 2025 was impacted by crew moves to new areas as production areas in the upper levels reached the end of their life span. Some delays in bringing the crews into production in the new areas resulted in lower than planned tonnages from these areas, adversely affecting the overall grade for the Quarter. Production from the new areas remained under pressure in January and February 2026 but has improved in March 2026.Processing related costs, including consumables, electricity and maintenance associated expenditure, increased year on year, consistent with higher inflationary pressures and increased underground development activity. Expenditure on processing and plant related infrastructure formed part of the Group's ongoing capital investment programme aimed at sustaining operational capacity and supporting future production requirements.Exploration and Resource Development - BlanketDuring 2025, the Group continued its underground resource expansion drilling programme at Blanket, completing 6,976 metres of drilling. Results returned grades and widths that were generally better than expected relative to the current mineral resource model.The programme confirmed the continuation of the Blanket and Eroica orebodies at depth to beyond 36 Level (1,230 meters below surface) and demonstrated the extension of the Lima orebody to 30 Level (990 meters below surface) from 22 Level (750 meters below surface), which is the lowest level of mining on the Lima orebody. The deep drilling program continues to reinforce confidence in the long-term production profile and life of mine extension potential at Blanket.Surface exploration activities at Blanket have identified an anomalous area of gold mineralisation located approximately 200 meters to the east of the Sheet surface shaft. The area was trenched to obtain sample material for assay and follow up reverse circulation drilling commenced down to a depth of 40 meters below surface. Currently, assay results are pending from external laboratories although indications from selective assaying at the Blanket laboratory appear positive. Future updates will follow once assay results are received and processed during the first half of 2026.Motapa Exploration - Investing for Future GrowthDuring 2025, the Group continued to invest in exploration activities at the Motapa property, recognising its potential to deliver long term, value enhancing synergies alongside the development of Bilboes. Motapa is a brownfield exploration asset located adjacent to Bilboes and is considered strategically important as part of the Group's broader ambition to establish a multi asset gold production hub in Zimbabwe. Exploration expenditure during the year was directed towards advancing geological understanding and supporting longer term growth optionality.Exploration during 2025 was focussed on the sulphide mineralisation below the historical oxide open pits at Motapa North and for near surface oxide mineralisation at the eastern portion of the Motapa central trend known as Mpudzi.For 2025, the following was achieved:Surface Diamond Drilling1,564 meters drilled from 18 drillholes (2024: 4,255 meters from 27 drillholes).1,317 samples for fire assay submitted and received.Surface Reverse Circulation Drilling.18,325 meters drilled from 196 drillholes (2024: 5,461 meters from 61 drillholes).12,460 samples for fire assay submitted and received.The results from the exploration activities are expected to produce a maiden mineral resource estimate for the sulphide mineralisation of the Motapa north trend during the second quarter 2026.Looking ahead, US$3.8 million has been allocated to Motapa exploration as part of the Group's 2026 growth capital programme, reflecting management's continued commitment to disciplined investment in exploration while maintaining financial flexibility. Planned work programmes are designed to complement the Bilboes development timetable and to build a pipeline of potential future opportunities that could enhance mine life, operational flexibility and regional scale over time. The exploration activities for 2026 are focussed on the continual exploration of the near surface oxide potential of the Mpudzi area and the exploration of the sulphide mineralisation of the Motapa South trend below historical oxide open pits. Management believes that Motapa represents an attractive exploration opportunity within the Group's portfolio, aligned with its long-term growth strategy.Bilboes Gold Project - Our Next MineIn November 2025, Caledonia published the Feasibility Study and approved the Project for development. The Feasibility Study informs a single-phase development, proven and probable mineral reserves of 1.75 million oz of gold contained in 24.1 million tonnes of ore at an average grade of 2.26 grams per tonne, and a life of mine of 10.8 years.The Project is expected to produce approximately 200,000 oz of gold in its first full year of production, with first production anticipated in late 2028. The Feasibility Study demonstrates robust economics, including a post-tax NPV (8% real) of US$582 million and a post-tax IRR of 32.5% at consensus gold price assumptions at the effective date of the Study ($2,548 per oz), with materially higher returns at prevailing spot prices.Funding, Liquidity and Capital AllocationThe Group's total liquidity is shown below.Liquidity Dec 31, 2025 (US$ 000) Cash on hand 35,738 Bullion on hand 10,293 Gold sales receivables 7,718 Fixed-term deposits 5,000 TOTAL BEFORE UTILISATION OF FACILITIES 58,749 Drawn down bank facilities (11,898) NET CASH AND LIQUID ASSETS 46,851 Undrawn bank facilities 8,101 TOTAL LIQUIDITY 54,952 During early 2026, Caledonia successfully completed a US$150 million convertible senior notes offering, receiving net proceeds of approximately US$130 million, significantly strengthening liquidity and providing flexibility to advance Bilboes while maintaining capital discipline.The Company also implemented a gold price hedging programme, securing a minimum price of US$3,500 per ounce on 3,000 oz per month from January 2026 to December 2028, underpinning cash flows during the peak Bilboes capital investment period.Caledonia continues to progress discussions regarding an interim funding facility of up to US$150 million and plans to commence a formal project finance process during 2026. The hedging programme referred to above provides a floor price for lenders when they evaluate their participation in the interim facility. In February 2026, the Group appointed Stanbic Bank Zimbabwe (a member of Standard Bank Group) and CBZ Bank Limited as co-lead arrangers for the interim funding facility.Diesel and Operational ContinuityThe recent geopolitical developments in the Middle East have had no impact on Caledonia's operations to date. Diesel, of which the Group consumes approximately two million litres per annum, represents less than 3% of operating costs, and the Group has secured supplies of over one million litres, providing substantial buffer and supply certainty. Zimbabwe sources its fuel from both the Middle East and South Africa. Importantly, reliance on diesel has significantly fallen over the last few years: diesel accounted for 8% of the Group's power in 2020, but has reduced to only 2% last year, supported by around 20% of total power requirements being met by solar power.At present Caledonia is selling its exported portion of gold through South Africa (rather than the Middle East), ensuring uninterrupted revenue flows for that portion.These factors collectively underpin strong operational resilience despite external geopolitical developments.DividendCaledonia has approved a quarterly dividend of 14 United States cents (US$0.14) on each of the Company's shares.The relevant dates relating to the dividend are as follows:Ex-dividend date VFEX: March 31, 2026Ex-dividend date AIM and NYSE American: April 2, 2026Record date: April 2, 2026Payment date: April 17, 2026Shareholders with a registered address in the UK will be paid in Sterling.END NOTESFinancial informationAs previously advised, Caledonia no longer publishes financial statements and management's discussion and analysis reports on a quarterly basis in accordance with Canadian securities regulations. This decision aligns with applicable exemptions under Canadian securities regulations, including National Instrument 71-102 - Continuous Disclosure and Other Exemptions Relating to Foreign Issuers, and reflects our status as an SEC foreign issuer with equivalent disclosure obligations outside Canada. Therefore there will no longer be annual financial statements issued with a Canadian audit report.The audited financial statements for FY 2025 will be incorporated in the Form 20-F.The financial information presented herein and in the accompanying appendices has been extracted from the Company's preliminary and unaudited financial statements for the period ended December 31, 2025. The information has been prepared using accounting policies consistent with those applied in the preparation of the preliminary and unaudited annual financial statements for the year ended December 31, 2025. The extracted information does not include all the disclosures required by International Financial Reporting Standards (IFRS). The information has been provided to update shareholders on the performance of the Group and should be read together with the Form 20-F which is expected to be filed with the U.S. Securities and Exchange Commission in the next few weeks, and an announcement will be made to notify of its filing in due course. As a result, all financial results described herein should be considered preliminary (and are unaudited), and are subject to change to reflect any necessary adjustments or changes in accounting estimates that are identified prior to the time we file our Form 20-F.Non-GAAP measures
This announcement includes certain financial performance measures which are non-GAAP measures. These include cash costs of production, AISC, cash and liquid assets, and free cash flow. Management believes these measures provide valuable additional information for users of the information to understand the underlying trading performance. Definitions and explanation of the measures used along with reconciliation to the nearest IFRS measures are detailed in the Form 20-F which will in due course be filed on the SEC's Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system as well as being available at www.caledoniamining.com/investors/reports-presentations/.Cash and liquid assets
Cash and liquid assets include cash, fixed-term deposits, bullion on hand, gold sales receivables and drawn down bank facilities.LTIFR
Lost Time Injury Frequency Rate ("LTIFR") measures how often workplace injuries occur that result in employees missing work, normalized to hours worked to allow comparison over time or between organisations.TIFR
The Total Injury Frequency Rate ("TIFR") is a key safety performance indicator that measures the frequency of all workplace injuries (including fatalities, lost time injuries, medical treatment cases, and restricted work injuries) relative to the total hours worked.Reporting ChangesNotwithstanding that Caledonia no longer publishes financial statements and management's discussion and analysis reports on a quarterly basis in accordance with Canadian securities regulations, Caledonia remains fully committed to transparent and timely disclosure of material information through the publication of our annual and half-yearly financial statements and via recognised regulatory channels, and, going forwards, we anticipate continuing to publish revenue, costs and production results for the quarters for which we do not release detailed financial results (namely, the first and third quarters). This change does not affect our obligation to disclose any significant developments or risks that may materially impact the Group's financial position or performance.FOR MORE INFORMATION, please visit the website www.caledoniamining.com or contact:EnquiriesCaledonia Mining Corporation PlcMark Learmonth
Camilla HorsfallTel: +44 1534 679 800
Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)Adrian Hadden
Pearl KellieTel: +44 207 397 1965
Tel: +44 131 220 9775Camarco, Financial PR (UK)Gordon Poole
Elfie KentTel: +44 20 3757 4980Curate Public Relations (Zimbabwe)Debra TatendaTel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)Lloyd MlotshwaTel: +263 (242) 745 119/33/39Craig James Harvey, MGSSA, MAIG, Caledonia Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this news release. Craig James Harvey is a "Qualified Person" as defined by each of (i) the Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects and (ii) sub-part 1300 of Regulation S-K of the U.S. Securities Act.Cautionary Note Concerning Forward-Looking InformationInformation and statements contained in this news release that are not historical facts are "forward-looking information" within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited, to Caledonia's current expectations, intentions, plans, and beliefs. Forward-looking information can often be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "target", "intend", "estimate", "could", "should", "may" and "will" or the negative of these terms or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Examples of forward-looking information in this news release include (but is not limited to): Caledonia's expectations with regard to entering into the Interim Funding Facility, raising the project finance necessary to construct the Project and ensuring the Group has the necessary financial capacity to complete the Project, expectations with respect to costs, the situation in the Middle East, improving the electricity situation at Blanket, as well as successful exploration at Motapa and Blanket. The forward-looking information contained in this news release is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to: the successful implementation of mine plans, the establishment of estimated resources and reserves, the grade and recovery of minerals which are mined varying from estimates, success of future exploration and drilling programs, reliability of drilling, sampling and assay data, the representativeness of mineralization being accurate, success of planned metallurgical test-work, capital availability and accuracy of estimated operating costs, obtaining required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and Caledonia's experience of project development in Zimbabwe and other factors.To the extent any forward-looking information herein constitutes a financial outlook or future oriented financial information, any such statement is made as of the date hereof and included herein to provide prospective investors with an understanding of the Company's plans and assumptions. Security holders, potential security holders and other prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Such factors include, but are not limited to: risks relating to estimates of mineral reserves and mineral resources proving to be inaccurate, fluctuations in gold price, risks and hazards associated with the business of mineral exploration, development and mining, risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, employee relations; relationships with and claims by local communities and indigenous populations; political risk; risks related to natural disasters, terrorism, civil unrest, public health concerns (including health epidemics or outbreaks of communicable diseases such as the coronavirus (COVID-19)); availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or grades of mineral reserves as mining occurs; global financial condition, the actual results of current exploration activities, changes to conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, the Company's title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs, risks relating to the uncertainty of timing of events including targeted production rate increase and currency fluctuations. These risks are not exhaustive. Further information on these and other risks that could affect Caledonia's results is included in its filings with the Securities and Exchange Commission ("SEC"), including its Annual Report on Form 20-F for the last completed financial year, reports on Form 6-K for the most recently completed three and six month periods and the future reports that it may file from time to time with the SEC.Security holders, potential security holders and other prospective investors are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Caledonia undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.This news release is not an offer of the shares of Caledonia for sale in the United States or elsewhere. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares of Caledonia, in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such province, state or jurisdiction.Appendix A
Consolidated statements of profit or loss and other comprehensive income
(in thousands of United States Dollars, unless indicated otherwise)For the years ended December 31 2025 2024 Revenue 267,663 183,018 Royalty (13,521) (9,263)Production costs (101,321) (80,744)Depreciation (15,697) (16,021)Gross profit 137,124 76,990 Net foreign exchange loss (3,311) (9,722)Administrative expenses (20,480) (15,658)Fair value loss on derivative financial instrument (6,379) (831)Equity-settled share-based expense (203) (1,054)Cash-settled share-based expense (839) (201)Other expenses (5,078) (6,940)Other income 248 1,090 Profit on the sale of non-current assets held for sale 8,540 - Operating profit 109,622 43,674 Finance income 461 26 Finance cost (3,514) (3,157)Profit before tax 106,569 40,543 Tax expense (39,058) (17,489)Profit for the year 67,511 23,054 Other comprehensive income Items that are or may be reclassified to profit or loss Exchange differences on translation of foreign operations 1,109 (116)Total comprehensive income for the year 68,620 22,938 Profit attributable to: Owners of the Company 55,219 17,899 Non-controlling interests 12,292 5,155 Profit for the year 67,511 23,054 Total comprehensive income attributable to: Owners of the Company 56,328 17,783 Non-controlling interests 12,292 5,155 Total comprehensive income for the year 68,620 22,938 Earnings per share Basic earnings per share ($) 2.83 0.91 Diluted earnings per share ($) 2.83 0.91 Appendix B
Consolidated statements of financial position
(in thousands of United States Dollars, unless indicated otherwise)
December 31, December 31, As at 2025 2024 Assets Exploration and evaluation assets 103,829 97,326 Property, plant and equipment 204,538 189,456 Right of use assets 1,089 - Deferred tax asset 230 264 Total non-current assets 309,686 287,046 Income tax receivable 8 355 Inventories 26,828 23,768 Derivative financial assets 8,227 - Trade and other receivables 11,871 12,675 Prepayments 14,537 6,748 Fixed term deposit 5,000 - Cash and cash equivalents 35,738 4,260 Assets held for sale - 13,512 Total current assets 102,209 61,318 Total assets 411,895 348,364 Equity and liabilities Share capital 166,329 165,408 Reserves 138,254 138,465 Retained loss (45,586) (89,996)Equity attributable to shareholders of the parent 258,997 213,877 Non-controlling interests 24,549 20,587 Total equity 283,546 234,464 Liabilities Deferred tax liabilities 51,015 48,418 Provisions 9,722 9,664 Loans and borrowings 1,074 1,500 Loan note instruments 3,981 8,313 Cash-settled share-based payment 1,294 411 Lease liabilities 911 199 Total non-current liabilities 67,997 68,505 Cash-settled share-based payment 1,116 634 Income tax payable 351 2,958 Lease liabilities 268 95 Loans and borrowings 6,706 1,174 Loan note instruments 7,760 855 Trade and other payables 32,253 26,647 Overdrafts 11,898 12,928 Liabilities associated with assets held for sale - 104 Total current liabilities 60,352 45,395 Total liabilities 128,349 113,900 Total equity and liabilities 411,895 348,364 Appendix C
Consolidated statements of cash flows
(in thousands of United States Dollars, unless indicated otherwise) 2025 2024 Cash inflow from operations 105,419 55,438 Interest received 461 26 Finance costs paid (3,073) (2,864)Tax paid (26,574) (10,645)Net cash inflow from operating activities 76,233 41,955 Cash flows used in investing activities Acquisition of property, plant and equipment (32,450) (27,477)Acquisition of exploration and evaluation assets (3,633) (3,835)Proceeds from sale of property, plant and equipment 17 - Gross proceeds from sale of non-current assets held for sale 22,350 - Selling cost on sale of non-current assets held for sale (384) - Acquisition of put options (5,430) (743)Investment in fixed term deposits (28,500) - Matured fixed term deposits 23,500 - Net cash used in investing activities (24,530) (32,055) Cash flows from financing activities Dividends paid (19,916) (12,302)Payment of lease liabilities (244) (182)Proceeds from loans and borrowings - 3,000 Repayments of loans and borrowings (1,473) (326)Loan notes - solar bond issue gross receipts 2,500 2,000 Loan notes - solar bond issue transaction cost (113) (30)Proceeds from share options exercised 95 37 Net cash used in financing activities (19,151) (7,803) Net increase in cash and cash equivalents 32,552 2,097 Effect of exchange rate fluctuations on cash and cash equivalents (44) 267 Net cash and cash equivalents at the beginning of the year (8,668) (11,032)Net cash and cash equivalents at the end of the year 23,840 (8,668)SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: ABRIDGED, PRELIMINARY AND UNAUDITED QUARTERLY AND FULL YEAR RESULTS AND DETAILS OF MANAGEMENT CONFERENCE Call for the Fourth Quarter and Full Year Ended December 31, 2025 ("The Quarter" or "Q4 2025" and "FY 2025" Respectively)

Caledonia Mining Corporation Plc Notification of Relevant Change to Significant ShareholderMarch 18, 2026 4:35 AM
ACCESS Newswire(NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL)SAINT HELIER, JE / ACCESS Newswire / March 18, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it received notification on March 17, 2026 from BlackRock, Inc. that on March 16, 2026 it had crossed a threshold for notification of a relevant change (as defined by the AIM Rules for Companies).A copy of the notification is below.Enquiries:Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)
Adrian Hadden
Pearl Kellie
Tel: +44 207 397 1965
Tel: +44 131 220 9775Camarco, Financial PR (UK)
Gordon Poole
Elfie Kent
Tel: +44 20 3757 4980Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd Mlotshwa
Tel: +263 (242) 745 119/33/39TR-1: Standard form for notification of major holdingsNOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:CALEDONIA MINING CORPORATION PLC1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)Non-UK issuerX2. Reason for the notification (please mark the appropriate box or boxes with an "X")An acquisition or disposal of voting rightsXAn acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify) iii: 3. Details of person subject to the notification obligation ivNameBlackRock, Inc.City and country of registered office (if applicable)Wilmington, DE, USA4. Full name of shareholder(s) (if different from 3.) vName City and country of registered office (if applicable) 5. Date on which the threshold was crossed or reached vi:16/03/20266. Date on which issuer notified (DD/MM/YYYY):17/03/20267. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)Total of both in % (8.A + 8.B)Total number of voting rights held in issuer (8.A + 8.B) viiResulting situation on the date on which threshold was crossed or reached5.05%1.52%6.57%1,270,632Position of previous notification (ifapplicable)4.95%1.07%6.03%  8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viiiA: Voting rights attached to sharesClass/type of
shares
ISIN code (if possible)Number of voting rights ix% of voting rightsDirect
(DTR5.1)Indirect
(DTR5.2.1)Direct
(DTR5.1)Indirect
(DTR5.2.1)JE00BF0XVB15 976,524 5.05% SUBTOTAL 8. A976,5245.05% B 1: Financial Instruments according to DTR5.3.1R (1) (a)Type of financial instrumentExpiration
date xExercise/
Conversion Period xiNumber of voting rights that may be acquired if the instrument is exercised/converted.% of voting rightsSecurities LendingN/AN/A162,1880.83% SUBTOTAL 8. B 1162,1880.83% B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)Type of financial instrumentExpiration
date xExercise/
Conversion Period xiPhysical or cash
Settlement xiiNumber of voting rights% of voting rightsCFDN/AN/ACash131,9200.68% SUBTOTAL 8.B.2131,9200.68% 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xivXName xv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock HK Holdco Limited BlackRock Lux Finco S.a.r.l. BlackRock Japan Holdings GK BlackRock Japan Co., Ltd. BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. Trident Merger, LLC BlackRock Investment Management, LLC BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Investment Management (UK) Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Australia Holdco Pty. Ltd. BlackRock Investment Management (Australia) Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Institutional Trust Company, National Association BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Fund Advisors BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BlackRock Canada Holdings ULC BlackRock Asset Management Canada Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Capital Holdings, Inc. BlackRock Advisors, LLC BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. Trident Merger, LLC BlackRock Investment Management, LLC Amethyst Intermediate, LLC Aperio Holdings, LLC Aperio Group, LLC 10. In case of proxy voting, please identify:Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional information xviBlackRock Regulatory Threshold Reporting TeamJana Blumenstein020 7743 3650Place of completion12 Throgmorton Avenue, London, EC2N 2DL, U.K.Date of completion17 March 2026SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc Notification of Relevant Change to Significant Shareholder

Caledonia Mining Corporation Plc Notice of Q4 and FY 2025 Results and Investor PresentationMarch 11, 2026 10:55 AM
ACCESS Newswire(NYSE AMERICAN, AIM and VFEX: CMCL)SAINT HELIER, JE / ACCESS Newswire / March 11, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") expects to publish its operating and financial results for the quarter and year ended December 31, 2025 on Monday 23 March, 2026.A remote presentation for analysts and investors will be held on the same day, at 2:00pm London time, followed by an opportunity to ask questions.A presentation of the results and outlook for Caledonia will be available on Caledonia's website (www.caledoniamining.com).Conference Call DetailsA presentation for investors and analysts will be held as follows:When: 23 March, 2026 at 2:00pm London timeTopic: Q4 and FY2025 Results Call for InvestorsRegister in advance for this webinar:Webcast link: https://stream.brrmedia.co.uk/broadcast/69ae9fc354af4a0013267828EnquiriesCaledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)
Adrian Hadden
Pearl Kellie
Tel: +44 207 397 1965
Tel: +44 131 220 9775Camarco, Financial PR (UK)
Gordon Poole
Elfie Kent
Tel: +44 20 3757 4980Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd Mlotshwa
Tel: +263 (242) 745 119/33/39SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc Notice of Q4 and FY 2025 Results and Investor Presentation

Caledonia Mining Corporation Plc Notification of Relevant Change to Significant ShareholderMarch 10, 2026 3:00 AM
ACCESS NewswireST HELIER, JERSEY / ACCESS Newswire / March 10, 2026 / Caledonia Mining Corporation Plc (NYSE American:CMCL)(AIM:CMCL)(VFEX:CMCL)("Caledonia" or "the Company") announces that it received notification on March 9, 2026 from BlackRock, Inc. that on March 6, 2026 it had crossed a threshold for notification of a relevant change (as defined by the AIM Rules for Companies).A copy of the notification is below.Enquiries:Caledonia Mining Corporation PlcMark LearmonthCamilla HorsfallTel: +44 1534 679 800Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)Adrian HaddenGeorge LawsonTel: +44 207 397 1965Tel: +44 131 220 9775Camarco, Financial PR (UK)Gordon PooleElfie KentTel: +44 20 3757 4980Curate Public Relations (Zimbabwe)Debra TatendaTel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)Lloyd MlotshwaTel: +263 (242) 745 119/33/39TR-1: Standard form for notification of major holdingsNOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:CALEDONIA MINING CORPORATION PLC1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)Non-UK issuerX2. Reason for the notification (please mark the appropriate box or boxes with an "X")An acquisition or disposal of voting rightsXAn acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify) iii: 3. Details of person subject to the notification obligation ivNameBlackRock, Inc.City and country of registered office (if applicable)Wilmington, DE, USA4. Full name of shareholder(s) (if different from 3.) vName City and country of registered office (if applicable) 5. Date on which the threshold was crossed or reached vi:06/03/20266. Date on which issuer notified (DD/MM/YYYY):09/03/20267. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)Total of both in % (8.A + 8.B)Total number of voting rights held in issuer (8.A + 8.B) viiResulting situation on the date on which threshold was crossed or reached4.95%1.07%6.03%1,165,007Position of previous notification (ifapplicable)5.57%1.30%6.88%  8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viiiA: Voting rights attached to sharesClass/type of
sharesISIN code (if possible)Number of voting rights ix% of voting rightsDirect(DTR5.1)Indirect(DTR5.2.1)Direct(DTR5.1)Indirect(DTR5.2.1)JE00BF0XVB15 956,648 4.95% SUBTOTAL 8. A956,6484.95% B 1: Financial Instruments according to DTR5.3.1R (1) (a)Type of financial instrumentExpiration
date xExercise/
Conversion Period xiNumber of voting rights that may be acquired if the instrument isexercised/converted.% of voting rightsSecurities LendingN/AN/A126,6570.65% SUBTOTAL 8. B 1126,6570.65% B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)Type of financial instrumentExpiration
date xExercise/
Conversion Period xiPhysical or cashSettlement xiiNumber of voting rights% of voting rightsCFDN/AN/ACash81,7010.42% SUBTOTAL 8.B.281,7010.42% 9. Information in relation to the person subject to the notification obligation (please mark theapplicable box with an "X")Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xivXName xv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock HK Holdco Limited BlackRock Lux Finco S.a.r.l. BlackRock Japan Holdings GK BlackRock Japan Co., Ltd. BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. Trident Merger, LLC BlackRock Investment Management, LLC BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Investment Management (UK) Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Australia Holdco Pty. Ltd. BlackRock Investment Management (Australia) Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Institutional Trust Company, National Association BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Fund Advisors BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BlackRock Canada Holdings ULC BlackRock Asset Management Canada Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Capital Holdings, Inc. BlackRock Advisors, LLC BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Advisors (UK) Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. Trident Merger, LLC BlackRock Investment Management, LLC Amethyst Intermediate, LLC Aperio Holdings, LLC Aperio Group, LLC 10. In case of proxy voting, please identify:Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional information xviBlackRock Regulatory Threshold Reporting Team
Jana Blumenstein
020 7743 3650Place of completion12 Throgmorton Avenue, London, EC2N 2DL, U.K.Date of completion09 March 2026SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc Notification of Relevant Change to Significant Shareholder

Interim Funding Facility Update Appointment of Stanbic and CBZ as Co Lead ArrangersFebruary 23, 2026 2:00 AM
ACCESS Newswire(NYSE AMERICAN, AIM and VFEX: CMCL)SAINT HELIER, JE / ACCESS Newswire / February 23, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or the "Company") provides a further update on the interim funding facility forming part of the funding strategy announced in January 2026.As previously disclosed, in November 2025 Caledonia launched a process to arrange an interim funding facility of up to US$150 million with a consortium of Zimbabwean and South African commercial banks (the "Interim Funding Facility"), intended to support the development of the Bilboes gold project in Zimbabwe.Following encouraging engagement with participating banks, management, together with its advisors, has now carefully reviewed all submissions received and evaluated the alternatives proposed. After this assessment, Caledonia has appointed Stanbic Bank Zimbabwe (a member of Standard Bank Group) and CBZ Bank Limited as co-lead arrangers for the Interim Funding Facility.The Company expects the Interim Funding Facility to be in place by mid-2026, subject to customary lender processes and approvals.Mark Learmonth, Chief Executive Officer, commented:"The appointment of Stanbic and CBZ as co-lead arrangers represents an important step in executing the funding strategy we set out in January."We believe this facility, together with our hedging programme, the proceeds from the Convertible Notes Offering and internal cash generation from Blanket Mine will provide additional financial flexibility as we continue to advance our growth plans."EnquiriesCaledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)
Adrian Hadden
Pearl Kellie
Tel: +44 207 397 1965
Tel: +44 131 220 9775Camarco, Financial PR (UK)
Gordon Poole
Elfie Kent
Tel: +44 20 3757 4980Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd Mlotshwa
Tel: +263 (242) 745 119/33/39Cautionary Note Concerning Forward-Looking InformationInformation and statements contained in this news release that are not historical facts are "forward-looking information" within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited, to Caledonia's current expectations, intentions, plans, and beliefs. Forward-looking information can often be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "target", "intend", "estimate", "could", "should", "may" and "will" or the negative of these terms or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Examples of forward-looking information in this news release include: Caledonia's expectations with regard to entering into the Interim Funding Facility, raising the project finance necessary to construct the Bilboes gold project and ensuring Caledonia has the necessary financial capacity to complete the Bilboes gold project. The forward-looking information contained in this news release is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to: the successful implementation of mine plans, the establishment of estimated resources and reserves, the grade and recovery of minerals which are mined varying from estimates, success of future exploration and drilling programs, reliability of drilling, sampling and assay data, the representativeness of mineralization being accurate, success of planned metallurgical test-work, capital availability and accuracy of estimated operating costs, obtaining required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and Caledonia's experience of project development in Zimbabwe and other factors.To the extent any forward-looking information herein constitutes a financial outlook or future oriented financial information, any such statement is made as of the date hereof and included herein to provide prospective investors with an understanding of the Company's plans and assumptions. Security holders, potential security holders and other prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Such factors include, but are not limited to: risks relating to estimates of mineral reserves and mineral resources proving to be inaccurate, fluctuations in gold price, risks and hazards associated with the business of mineral exploration, development and mining, risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, employee relations; relationships with and claims by local communities and indigenous populations; political risk; risks related to natural disasters, terrorism, civil unrest, public health concerns (including health epidemics or outbreaks of communicable diseases such as the coronavirus (COVID-19)); availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or grades of mineral reserves as mining occurs; global financial condition, the actual results of current exploration activities, changes to conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, the Company's title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs, risks relating to the uncertainty of timing of events including targeted production rate increase and currency fluctuations. These risks are not exhaustive. Further information on these and other risks that could affect Caledonia's results is included in its filings with the Securities and Exchange Commission ("SEC"), including its Annual Report on Form 20-F for the last completed financial year, reports on Form 6-K for the most recently completed three and six month periods and the future reports that it may file from time to time with the SEC.Security holders, potential security holders and other prospective investors are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Caledonia undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.This news release is not an offer of the shares of Caledonia for sale in the United States or elsewhere. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares of Caledonia, in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such province, state or jurisdiction.SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Interim Funding Facility Update Appointment of Stanbic and CBZ as Co Lead Arrangers

Caledonia Mining Corporation Plc: Zimbabwe Mining Forum: Perception vs Reality Highlights VideoFebruary 19, 2026 9:28 AM
ACCESS Newswire(NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL)SAINT HELIER, JE / ACCESS Newswire / February 19, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") was delighted to host the Zimbabwe Mining Forum on Tuesday, February 10, 2026 at the Radisson Collection Hotel Waterfront in Cape Town, bringing together around 150 mining professionals, investors, and government officials for a breakfast discussion on the country's mining sector.The event, held on the sidelines of the 2026 Investing in Africa Mining Indaba, featured a keynote address by Mr Pfungwa Kunaka, Permanent Secretary for the Ministry of Mines and Mining Development, alongside remarks from Mr George Guvamatanga, Permanent Secretary of the Ministry of Finance, Economic Development and Investment Promotion.The event, chaired by Victor Gapare, also included a panel moderated by Michael Rawlinson, Non-Executive Director of Gold Fields, brought operational perspectives to the mornings discussion. Panelists included Mark Learmonth (Caledonia Mining), Alex Mhembere (Zimplats), Fungai Makoni (Mimosa Mining), Colin Chibafa (Valterra Platinum), Bernard Pryor (Karo Mining), and Alex Gorman (Kavango Resources).Mark Learmonth, Chief Executive Officer, commented:"We were delighted to host the Zimbabwe Mining Forum and facilitate such a substantive dialogue between government and industry. The message from Zimbabwe's most senior officials was clear: the country is open for business. Caledonia has long believed in Zimbabwe's potential, and events like this demonstrate that the gap between perception and reality is closing fast."Caledonia was honoured to facilitate this important dialogue. Please see below a video of the highlights: https://youtu.be/Kko23rD2ucsEnquiries:Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)
Adrian Hadden
George Lawson
Tel: +44 207 397 1965
Tel: +44 131 220 9775Camarco, Financial PR (UK)
Gordon Poole
Elfie Kent
Tel: +44 20 3757 4980Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd Mlotshwa
Tel: +263 (242) 745 119/33/39SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc: Zimbabwe Mining Forum: Perception vs Reality Highlights Video

Notification of Relevant Change to Significant ShareholderFebruary 13, 2026 2:00 AM
ACCESS Newswire(NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL)SAINT HELIER, JE / ACCESS Newswire / February 13, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it received notification on February 11, 2026 from BlackRock, Inc. that on February 10, 2026 it had crossed a threshold for notification of a relevant change (as defined by the AIM Rules for Companies).A copy of the notification is below.Enquiries:Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)
Adrian Hadden
George Lawson
Tel: +44 207 397 1965
Tel: +44 131 220 9775Camarco, Financial PR (UK)
Gordon Poole
Elfie Kent
Tel: +44 20 3757 4980Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd Mlotshwa
Tel: +263 (242) 745 119/33/39TR-1: Standard form for notification of major holdingsNOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:CALEDONIA MINING CORPORATION PLC1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)Non-UK issuerX2. Reason for the notification (please mark the appropriate box or boxes with an "X")An acquisition or disposal of voting rightsXAn acquisition or disposal of financial instrumentsXAn event changing the breakdown of voting rights Other (please specify) iii: 3. Details of person subject to the notification obligation ivNameBlackRock, Inc.City and country of registered office (if applicable)Wilmington, DE, USA4. Full name of shareholder(s) (if different from 3.) vName City and country of registered office (if applicable) 5. Date on which the threshold was crossed or reached vi:10/02/20266. Date on which issuer notified (DD/MM/YYYY):11/02/20267. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A)
% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights held in issuer (8.A + 8.B) viiResulting situation on the date on which threshold was crossed or reached5.57%1.30%6.88%1,329,520Position of previous notification (if applicable)5.57%1.57%7.14%  8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viiiA: Voting rights attached to sharesClass/type of
shares
ISIN code (if possible)Number of voting rights ix% of voting rightsDirect
(DTR5.1)Indirect
(DTR5.2.1)Direct
(DTR5.1)Indirect
(DTR5.2.1)JE00BF0XVB15 1,076,855 5.57% SUBTOTAL 8. A1,076,8555.57% B 1: Financial Instruments according to DTR5.3.1R (1) (a)Type of financial instrumentExpiration
date xExercise/
Conversion Period xiNumber of voting rights that may be acquired if the instrument is exercised/converted.% of voting rightsSecurities LendingN/AN/A136,8090.70% SUBTOTAL 8. B 1136,8090.70% B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)Type of financial instrumentExpiration
date xExercise/
Conversion Period xiPhysical or cash
Settlement xiiNumber of voting rights% of voting rightsCFDN/AN/ACash115,8570.60% SUBTOTAL 8.B.2115,8570.60% 9. Information in relation to the person subject to the notification obligation (please mark theapplicable box with an "X")Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xivXName xv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock HK Holdco Limited BlackRock Lux Finco S.a.r.l. BlackRock Japan Holdings GK BlackRock Japan Co., Ltd. BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. Trident Merger, LLC BlackRock Investment Management, LLC BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Investment Management (UK) Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Australia Holdco Pty. Ltd. BlackRock Investment Management (Australia) Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Institutional Trust Company, National Association BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Fund Advisors3.05%0.010%3.07% BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BlackRock Canada Holdings ULC BlackRock Asset Management Canada Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Capital Holdings, Inc. BlackRock Advisors, LLC BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Advisors (UK) Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. Trident Merger, LLC BlackRock Investment Management, LLC Amethyst Intermediate, LLC Aperio Holdings, LLC Aperio Group, LLC 10. In case of proxy voting, please identify:Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional information xviBlackRock Regulatory Threshold Reporting TeamJana Blumenstein020 7743 3650Place of completion12 Throgmorton Avenue, London, EC2N 2DL, U.K.Date of completion11 February 2026SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Notification of Relevant Change to Significant Shareholder

Caledonia Mining Corporation Plc - Issue of Securities Pursuant to Long Term Incentive Plan AwardsFebruary 10, 2026 2:00 AM
ACCESS NewswireSAINT HELIER, JE / ACCESS Newswire / February 10, 2026 / Caledonia Mining Corporation Plc ("the Company" or "Caledonia") announces that following the vesting of long-term incentive plan awards, which were awarded under the 2015 Omnibus Equity Incentive Compensation Plan of the Company (the "Plan"), a total of 8,244 common shares of no par value in the Company are being issued to a member and a retired member of staff within the Company's group (none of whom are "Persons Discharging Managerial Responsibility" ("PDMRs") within the meaning of the Market Abuse Regulation (EU) No. 596/2014), including in the form of Zimbabwe depositary receipts in respect of such shares, on or about February 12, 2026.Application has been made by Caledonia for the admission of depositary interests representing the shares to trading on AIM and it is anticipated that trading in such securities will commence on or about February 12, 2026.Following issue of the shares, the Company will have a total number of shares in issue of 19,313,028 common shares of no par value each. Caledonia has no shares in treasury; therefore, this figure may be used by holders of securities in the Company as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company.Enquiries:Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)
Adrian Hadden
Pearl Kellie
Tel: +44 207 397 1965
Tel: +44 131 220 9775Camarco, Financial PR (UK)
Gordon Poole
Elfie Kent
Tel: +44 20 3757 4980Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd Mlotshwa
Tel: +263 (242) 745 119/33/39SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc - Issue of Securities Pursuant to Long Term Incentive Plan Awards

Notification of Relevant Change to Significant ShareholderFebruary 9, 2026 7:05 PM
ACCESS Newswire(NYSE AMERICAN:CMCL)(AIM:CMCL)(VFEX:CMCL)SAINT HELIER, JE / ACCESS Newswire / February 9, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it received notification on February 6, 2026 from BlackRock, Inc. that on February 5, 2026 it had crossed a threshold for notification of a relevant change (as defined by the AIM Rules for Companies).A copy of the notification is below.Enquiries:Caledonia Mining Corporation PlcMark LearmonthCamilla Horsfall
Tel: +44 1534 679 800Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)Adrian HaddenGeorge Lawson
Tel: +44 207 397 1965Tel: +44 131 220 9775Camarco, Financial PR (UK)Gordon PooleElfie Kent
Tel: +44 20 3757 4980Curate Public Relations (Zimbabwe)Debra Tatenda
Tel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)Lloyd Mlotshwa
Tel: +263 (242) 745 119/33/39TR-1: Standard form for notification of major holdingsNOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:CALEDONIA MINING CORPORATION PLC1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)Non-UK issuerX2. Reason for the notification (please mark the appropriate box or boxes with an "X")An acquisition or disposal of voting rightsXAn acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify) iii: 3. Details of person subject to the notification obligation ivNameBlackRock, Inc.City and country of registered office (if applicable)Wilmington, DE, USA4. Full name of shareholder(s) (if different from 3.) vName City and country of registered office (if applicable) 5. Date on which the threshold was crossed or reached vi:05/02/20266. Date on which issuer notified (DD/MM/YYYY):06/02/20267. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)Total of both in % (8.A + 8.B)Total number of voting rights held in issuer (8.A + 8.B) viiResulting situation on the date on which threshold was crossed or reached5.57%1.57%7.14%1,379,505Position of previous notification (ifapplicable)6.51%0.93%7.45%  8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viiiA: Voting rights attached to sharesClass/type of
sharesISIN code (if possible)Number of voting rights ix% of voting rightsDirect(DTR5.1)Indirect(DTR5.2.1)Direct(DTR5.1)Indirect(DTR5.2.1)JE00BF0XVB15 1,076,419 5.57% SUBTOTAL 8. A1,076,4195.57% B 1: Financial Instruments according to DTR5.3.1R (1) (a)Type of financial instrumentExpiration
date xExercise/
Conversion Period xiNumber of voting rights that may be acquired if the instrument isexercised/converted.% of voting rightsSecurities LendingN/AN/A172,5130.89% SUBTOTAL 8. B 1172,5130.89% B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)Type of financial instrumentExpiration
date xExercise/
Conversion Period xiPhysical or cashSettlement xiiNumber of voting rights% of voting rightsCFDN/AN/ACash130,5730.67% SUBTOTAL 8.B.2130,5730.67% 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xivXName xv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock HK Holdco Limited BlackRock Lux Finco S.a.r.l. BlackRock Japan Holdings GK BlackRock Japan Co., Ltd. BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. Trident Merger, LLC BlackRock Investment Management, LLC BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Investment Management (UK) Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Australia Holdco Pty. Ltd. BlackRock Investment Management (Australia) Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Institutional Trust Company, National Association BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Fund Advisors3.04%0.00%3.05% BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BlackRock Canada Holdings ULC BlackRock Asset Management Canada Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Capital Holdings, Inc. BlackRock Advisors, LLC BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Advisors (UK) Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock (Singapore) Limited BlackRock, Inc. BlackRock Saturn Subco, LLC BlackRock Finance, Inc. Trident Merger, LLC BlackRock Investment Management, LLC Amethyst Intermediate, LLC Aperio Holdings, LLC Aperio Group, LLC 10. In case of proxy voting, please identify:Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional information xviBlackRock Regulatory Threshold Reporting Team
Jana Blumenstein
020 7743 3650 Place of completion12 Throgmorton Avenue, London, EC2N 2DL, U.K.Date of completion06 February 2026SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Notification of Relevant Change to Significant Shareholder

Caledonia Mining Corporation Plc Non-Executive Director Shareholding NotificationFebruary 6, 2026 2:00 AM
ACCESS Newswire(NYSE AMERICAN:CMCL; AIM: CMCL; VFEX: CMCL)SAINT HELIER, JE / ACCESS Newswire / February 6, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it received notification on February 4, 2026 that Ms Lesley Goldwasser, a non-executive director of Caledonia, had purchased 3,500 common shares in the Company on February 3, 2026 at a price of $29.78 per share.A copy of the notification is below.Enquiries:Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Broker)
Adrian Hadden
Tel: +44 207 397 1965Camarco, Financial PR (UK)
Gordon Poole
Elfie Kent
Tel: +44 20 3757 4980Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd Mlotshwa
Tel: +263 (242) 745 119/33/39NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM1Details of the person discharging managerial responsibilities/person closely associateda)NameMs Lesley Goldwasser 2Reason for the notificationa)Position/statusNon-Executive Director b)Initial notification/ AmendmentInitial notification 3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameCaledonia Mining Corporation Plc b)LEI21380093ZBI4BFM75Y51 4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrumentIdentification codeCommon shares of no par valueJE00BF0XVB15 b)Nature of the transactionPurchase of securities c)Price(s) and volume(s)Price(s)Volume(s)US$29.783,500 d)Aggregated information- Aggregated volume- PriceN/A e)Date of the transactionFebruary 3, 2026 f)Place of the transactionNYSE American LLC SOURCE: Caledonia Mining Corporation PlcView the original press release on ACCESS NewswireOriginal: Caledonia Mining Corporation Plc Non-Executive Director Shareholding Notification

what is te symbol for Bilboes

retail screwed again....thanks Learmoth!! What good is a .14 dividend if you pillage accounts to the thousands the day before....f'n ridiculous

its getting hammered today but it as other streams so it will come back IMO
Also price of metals gpoing much higher so earnings will recover and then some
This is a buying op IMO

I am 85 and yes I saw someting about them starting
construction and it could take 16-24 months
Things getting hit today Gold was due for a breather
but the stocks should not get hit as hard as they are
right now. The profits will explode due to the sharp
rise in the price opf the metals over a $1,000 an ounce
more than the last year.
Our leaves are just beginging to turn very late this year
Last weekend went up to Rochester MN and they were green.

JSC52033......... You are a Baby at 65+, I am going on 87....... Cmcl is keeping me young......... It will be a banner JOY when Cmcl hits $50, but when the new mines get underway, who knows what the price will be........ Wish the company would update us when they will start doing some construction at the Bilboes site. Thought I read somewhere, that some work will start in This Fourth Quarter...... Company has been mum with the strategies.........

yes it will hit $50 and then some.
I have been in this a long time unfortunatly
I sold some which I should have never done
Yes I had some in the pennies
I am now 85 so most likely won't be around
for Biboes

JSC 52033...... When Cmcl HITS $50.00 a share we should all loyal CMCL stockholders have a party to celebrate the great growth of this company. Wait for Bilboes to come on stream in a couple of years. Earnings will positively EXPLODE........ In 20 years it has expanded from a .03 stock, Calvf, to a $35.00, to Cmcl............. After market price of $35.50 today.......
No, I took Sherman name. My father drove a Sherman tank during World War II........... No other relationship to the name........

yes CMCL has great mines as they just opened another
with gold now at 4,000 their earnings will soar
My great grandmther was a Sherman
They were from Roscommon Ireland
her family had people on both sides of the Ciivil War

As of 6:30:00 PM EST on October 9, Caledonia Mining (CMCL) is trading at $37.90 in the after-hours session, up $3.11 (8.94%) from the regular market close of $34.79.

During after-hours trading, Caledonia Mining (CMCL) stock has ranged between $37.90 and $34.79, with the most recent trade recorded at $37.90.

What a strong recovery for CMCL today...... It closed the regular trading day down at $34.79, and in AFTER HOURS shot up to $37.90.......... Incredible move.......... An amazing stock.............

JSC........ No I am not related to the Shermans of Portland......... But thanks for asking. Good to be in CMCL..... The BEST is yet to come when they start digging Bilboes................

thanks for the update
Are you related to Bill Sherman of Portland

"CMCL will TRIPLE in SIZE"....................

https://www.mining.com/caledonia-weighs-phased-bilboes-build-ceo-says/

thanks that is a nice chart where did you get it?
CMCL iss going to go through the rood onces POG
goes to 4,000 Its earnigs will explod. could get to $200 jmo

Chart

yes but gaps bother me unless I know what caused them Most get filled
unless there was news
I just wonder if did it gap because gold jumped
IMO if POG hits 4,000 this will be over $100 possibly $200
Its earnigs will jump and current PE is low

Enjoying the ride

what is going on this is up over 6% and no news
plus there is a big gaap formed this AM

is your last name Sherman if so are you related to the Sherman family in OR

Jsc..... Think you are right in the ball park of around $60.00..... There must be an update soon on Bilboes......