Form SD - Specialized disclosure report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM SD

Specialized Disclosure Report

CALEDONIA MINING CORPORATION PLC

(Exact name of registrant as specified in its charter)

Jersey, Channel Islands

001-38164

Not applicable

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

(IRS Employer

Identification No.)

B006 Millais House

Castle Quay

St Helier
Jersey

JE2 3EF

(Address of principal executive offices)

(Zip Code)

Mark Learmonth

44 1534 679800

(Name and telephone number, including area code, of person to contact in connection with this report)

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:

☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ___________.

☒ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.

SECTION 1 – CONFLICT MINERALS DISCLOSURE

Item 1.01 - Conflict Minerals Disclosure and Report

Not applicable

Item 1.02 - Exhibit

Not applicable

SECTION 2 – RESOURCE EXTRACTION ISSUER DISCLOSURE

Item 2.01 Resource Extraction Issuer Disclosure and Report

Caledonia Mining Corporation Plc (the “Company”) has a 100% owned subsidiary, Greenstone Management Services Holdings Limited (“Greenstone”), which is subject to the United Kingdom’s Reports on Payments to Governments Regulations 2014 (as amended) and must provide an applicable report (the “Report on Payments to Governments”). Greenstone’s Report on Payments to Governments covers all applicable projects of the Company. The Company is relying on the alternative reporting provision of Item 2.01 and providing its subsidiary’s Report on Payments to Governments for the year ended December 31, 2023 to satisfy the requirements of Item 2.01. The Report on Payments to Governments is available on the Company’s website at https://www.caledoniamining.com/ and on the UK’s Companies House website at https://extractives.company-information.service.gov.uk/. The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.

SECTION 3 – EXHIBITS

Item 3.01. Exhibits

The following exhibit is filed as part of this report.

Exhibit Number		Description

2.01		Report on Payments to Governments for the year ended December 31, 2023

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned.

CALEDONIA MINING CORPORATION PLC

By:	/s/ Mark Learmonth	September 26, 2024
	Mark Learmonth	(Date)
	Chief Executive Officer

Exhibit 2

Company Name		Company Number		Report Name		Report End Date		Currency		Notes
Greenstone Mangement Services Holdings Limited (United Kingdom)		08014359		Report of Payments to Governments		12/31/2023		USD		Greenstone Management Services Holdings (UK) has prepared the following report on Payments to Governments in accordance with the Reports on Payments to Government Regulations 2014 (2014/3209) and amended by the Reports on Payments to Governments (Amendments) Regulations 2015 (2015/1928). This is the third report on Payments to Governments submitted in the UK and is for the financial year ended 31 December 2023.

Government	Country Code	Payment Type	Amount	Unit Measure	Volume	Valuation Method	Notes
Zimbabwe Revenue Authority	ZWE	Tax	10,414,485	0	0	0	All amounts are stated in United States Dollar ("USD"): * Taxes payments were made in both USD (USD 8,015,603) and Zimbabwean Dollar ("ZWD") (ZWD 9,897,899,013). Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 4,125.75 (USD:ZWD) for the year reported on.
Zimbabwe Revenue Authority	ZWE	Royalties	7,614,571	0	0	0	All amounts are stated in United States Dollar ("USD"): ** Royalties payments were made in in both USD (USD 4,572,149) and ZWD (ZWD 11,757,785,513). Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:3,864.61 (USD:ZWD) for the year reported on.
National Indigenisation and Economic Empowerment Fund	ZWE	Dividends	-	0	0	0	All amounts are stated and paid in United States Dollar ("USD").
South African Revenue Authority	ZAF	Tax	229,464	0	0	0	All amounts are stated in United States Dollar ("USD"): * Taxes payments were made in South African Rand {"ZAR") (ZAR 4,252,416). Payments made in ZAR were converted from ZAR to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Sout Africa (https://www.resbank.co.za/en/home/what-we-do/statistics/key-statistics/selected-historical-ratess). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 18.53 (USD:ZAR) for the year reported on.

Government	Country Code	Amount	Notes
Zimbabwe Revenue Authority	ZWE	18,029,056	All amounts are stated in United States Dollar ("USD"): * Taxes payments were made in both USD (USD 8,015,603) and Zimbabwean Dollar ("ZWD") (ZWD 9,897,899,013). Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 4,125.75 (USD:ZWD) for the year reported on. ** Royalties payments were made in in both USD (USD 4,572,149) and ZWD (ZWD 11,757,785,513). Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:3,864.61 (USD:ZWD) for the year reported on.
National Indigenisation and Economic Empowerment Fund	ZWE	-	All amounts are stated and paid in United States Dollar ("USD").
South African Revenue Authority	ZAF	229,464	All amounts are stated in United States Dollar ("USD"): * Taxes payments were made in South African Rand {"ZAR") (ZAR 4,252,416). Payments made in ZAR were converted from ZAR to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Sout Africa (https://www.resbank.co.za/en/home/what-we-do/statistics/key-statistics/selected-historical-ratess). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 18.53 (USD:ZAR) for the year reported on.

Project
Name

Project
Code

Payment
Type

Amount

Unit
Measure

Volume

Valuation
Method

Country
Code List

Notes

Extraction
Method

Blanket Mine

ZWE001

Tax

9,575,226

ZWE

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in both USD (USD 7,040,718) and Zimbabwean Dollar ("ZWD") (ZWD 9,841,097,138). Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 4,171.73 (USD:ZWD) for the year reported on.

Underground Mining

Blanket Mine

ZWE001

Royalties

7,317,339

ZWE

All amounts are stated in United States Dollar ("USD"):
** Royalties payments were made in in both USD (USD 4,390,403) and ZWD (ZWD 11,193,868,653). Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:3,824.43 (USD:ZWD) for the year reported on.

Underground Mining

Blanket Mine

ZWE001

Dividends

ZWE

All amounts are stated and paid in United States Dollar ("USD").

Underground Mining

Caledonia Holding Zimbabwe

ZWE002

Tax

600,000

ZWE

All amounts are stated and paid in United States Dollar ("USD").

Caledonia Holding Zimbabwe

ZWE002

Royalties

297,233

ZWE

All amounts are stated in United States Dollar ("USD"):
** Royalties payments were made in in both USD (USD 181,745) and ZWD (ZWD 563,916,860). Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:4,882.93 (USD:ZWD) for the year reported on.

Open pit

Bilboes Holdings

ZWE003

Tax

239,258

ZWE

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in both USD (USD 199,376) and Zimbabwean Dollar ("ZWD") (ZWD 56,801,874). Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 1,418.15 (USD:ZWD) for the year reported on.

Open pit

Caledonia Mining South Africa

SA001

Tax

229,464

ZAF

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in South African Rand {"ZAR") (ZAR 4,252,416). Payments made in ZAR were converted from ZAR to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Sout Africa (https://www.resbank.co.za/en/home/what-we-do/statistics/key-statistics/selected-historical-ratess). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 18.53 (USD:ZAR) for the year reported on.

Project Name	Project Code	Amount	Notes
Blanket Mine	ZWE001	16,892,565	All amounts are stated in United States Dollar ("USD"): * Taxes payments were made in both USD (USD 7,040,718) and Zimbabwean Dollar ("ZWD") (ZWD 9,841,097,138). Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 4,171.73 (USD:ZWD) for the year reported on. Royalties payments were made in in both USD (USD 4,390,403) and ZWD (ZWD 11,193,868,653). Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:3,824.43 (USD:ZWD) for the year reported on. * Dividend payments were made in USD.
Caledonia Holding Zimbabwe	ZWE002	897,233	All amounts are stated in United States Dollar ("USD"): * Taxes payments were made in USD. ** Royalties payments were made in in both USD (USD 181,745) and ZWD (ZWD 563,916,860). Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:4,882.93 (USD:ZWD) for the year reported on.
Bilboes Holdings	ZWE003	239,258	All amounts are stated in United States Dollar ("USD"): * Taxes payments were made in both USD (USD 199,376) and Zimbabwean Dollar ("ZWD") (ZWD 56,801,874). Payments made in ZWD were converted from ZWD to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 1,418.15 (USD:ZWD) for the year reported on.
Caledonia Mining South Africa	SA001	229,464	All amounts are stated in United States Dollar ("USD"): * Taxes payments were made in South African Rand {"ZAR") (ZAR 4,252,416). Payments made in ZAR were converted from ZAR to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Sout Africa (https://www.resbank.co.za/en/home/what-we-do/statistics/key-statistics/selected-historical-ratess). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 18.53 (USD:ZAR) for the year reported on.

Document Information	12 Months Ended
Document Information	Dec. 31, 2023
Document Information:
Document Type	2.01 SD
Amendment	false
CIK	0000766011
Registrant Name	Caledonia Mining Corp Plc
Period End Date	Dec. 31, 2023
Reporting Currency	USD

Payments, by Category - USD ($)	Taxes	Royalties	Dividends	Total Payments
Total	$ 10,643,948	$ 7,614,572	$ 0	$ 18,258,520

Payments, by Project - 12 months ended Dec. 31, 2023 - USD ($)	Taxes	Royalties	Dividends	Total Payments
Total	$ 10,643,948	$ 7,614,572	$ 0	$ 18,258,520
Blanket Mine [Member]
Total	9,575,226	7,317,339	$ 0	16,892,565
Caledonia Holding Zimbabwe [Member]
Total	600,000	$ 297,233		897,233
Bilboes Holdings [Member]
Total	239,258			239,258
Caledonia Mining South Africa [Member]
Total	$ 229,464			$ 229,464

Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($)	Taxes	Royalties	Dividends	Total Payments
Total	$ 10,643,948	$ 7,614,572	$ 0	$ 18,258,520
ZIMBABWE
Total	10,414,484	7,614,572	0	18,029,056
ZIMBABWE \| Zimbabwe Revenue Authority [Member]
Total	10,414,484	$ 7,614,572		18,029,056
ZIMBABWE \| National Indigenisation and Economic Empowerment Fund [Member]
Total			$ 0	0
SOUTH AFRICA
Total	229,464			229,464
SOUTH AFRICA \| South African Revenue Authority [Member]
Total	$ 229,464			$ 229,464

Payments, Details - 12 months ended Dec. 31, 2023 - USD ($)	Amount	Type	Country	Govt.	Project	Resource	Ext. Method
#: 1
	$ 9,575,226	Taxes	ZIMBABWE	Zimbabwe Revenue Authority	Blanket Mine	Caledonia Mining Corporation Plc	Underground Mining
#: 2
	7,317,339	Royalties	ZIMBABWE	Zimbabwe Revenue Authority	Blanket Mine	Caledonia Mining Corporation Plc	Underground Mining
#: 3
	0	Dividends	ZIMBABWE	National Indigenisation and Economic Empowerment Fund	Blanket Mine	Caledonia Mining Corporation Plc	Underground Mining
#: 4
	600,000	Taxes	ZIMBABWE	Zimbabwe Revenue Authority	Caledonia Holding Zimbabwe	Caledonia Mining Corporation Plc	Open Pit
#: 5
	297,233	Royalties	ZIMBABWE	Zimbabwe Revenue Authority	Caledonia Holding Zimbabwe	Caledonia Mining Corporation Plc	Open Pit
#: 6
	239,258	Taxes	ZIMBABWE	Zimbabwe Revenue Authority	Bilboes Holdings	Caledonia Mining Corporation Plc	Open Pit
#: 7
	$ 229,464	Taxes	SOUTH AFRICA	South African Revenue Authority	Caledonia Mining South Africa	Caledonia Mining Corporation Plc	Underground Mining