Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) (“Caledonia” or the “Company”) announces that further to its announcement this morning that it is today filing with the U.S. Securities and Exchange Commission on EDGAR the Company’s Annual Report on Form 20-F for the fiscal year ended December 31, 2022 (the “Annual Report”), minor calculation errors in grade numbers in the last row (Grand total) in the first table in the announcement, being the comparison of the subpart 1300 of Regulation S-K measured, indicated and inferred mineral resource estimates as at December 31, 2022 with those of December 31, 2021 at the Blanket Gold Mine, have been identified.

The corrected table is as follows, with the changed grade numbers and variance underlined for ease of reference:

  December 31, 2022 December 31, 2021 % Variance
Mineral Resource Classification Tonnes Au Ounces Tonnes Au Ounces Tonnes Au Ounces
kt g/t koz kt g/t koz kt g/t koz
Measured Total 1,855 3.10 185 554 2.80 48 235 % 11 % 282 %
Indicated Total 2,363 2.89 220 1,585 2.78 142 49 % 4 % 55 %
M&I Total 4,218 2.98 405 2,139 2.77 190 97 % 8 % 113 %
Inferred Total 5,748 2.92 539 5,419 3.17 552 6 % -8 % -2 %
Grand total 9,967 2.94 944 7,558 3.06 743 32 % -4 % 27 %
Enquiries:Caledonia Mining Corporation PlcMark LearmonthCamilla Horsfall Tel: +44 1534 679 800Tel: +44 7817 841 793
   
Cenkos Securities plc (Nomad and Joint Broker)Adrian HaddenNeil McDonaldPearl Kellie Tel: +44 207 397 1965Tel: +44 131 220 9771Tel: +44 131 220 9775
   
Liberum Capital Limited (Joint Broker)Scott Mathieson/Kane Collings Tel: +44 20 3100 2000
   
BlytheRay Financial PR (UK)Tim Blythe/Megan Ray Tel: +44 207 138 3204
   
3PPB (Financial PR, North America)Patrick ChidleyPaul Durham Tel: +1 917 991 7701Tel: +1 203 940 2538
   
Curate Public Relations (Zimbabwe)Debra Tatenda Tel: +263 77802131
   
IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)Dzika Danha Tel: +263 (242) 745 119/33/39
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