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Caledonia Mining Corporation Plc
Summary
| Project: | Blanket Mine | |
|---|---|---|
| Deposit: | Blanket Mine | |
| Location: | Zimbabwe | |
| Commodities: | Gold | |
| Date: | 3/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 2-3-2018: Caledonia Mining Corporation Plc announces a Resource Estimation report for its Blanket Mine deposit at the Blanket Mine project. Updated technical report for US SEC mineral reserve requirements. Caledonia Mining Corporation Plc (“Caledonia”) ha | |
| Resources: | (Resource, M+I): 5.621Mt @ 3.95g/t Au for 714.5Koz Au contained at Blanket | |
| CP/QP: | [Resources]: Dana Roets (Internal) | |
| ABSTRACT: | Caledonia Mining Corporation Plc (“Caledonia”) has prepared an in-house Mineral Resource and Mineral Reserve estimate for the Blanket Mine. Minxcon (Pty) Ltd (“Minxcon”) was commissioned by Greenstone Management Services (Pty) Limited (“GMS”) to compile a National Instrument 43-101 (“NI 43-101”) Technical Report on behalf of Blanket Mine (1983) (Pvt) Ltd (“Blanket”) for its parent company, Caledonia. The report was updated in February 2018 to comply with the U.S. Securities and Exchange Commission (“SEC”) requirements with regard to Mineral Reserve estimation. Subsequently the gold price used in the evaluation of the Mineral Reserves was calculated as the three-year average trailing spot price over the period from September 2014 to the effective date of 31 August 2017, which is lower than the spot price at the effective date. The change in the gold price resulted in no material changes. Caledonia conducted the technical work required and presented herein. The overall Qualified Person responsible for this Report is Mr Dana Roets (B Eng (Min.), MBA, Pr.Eng., FSAIMM, AMMSA), Chief Operating Officer, Caledonia. The Qualified Person responsible for the Mineral Resources is Mr Paul Matthews (BSc (Geol.), Pr.Sci.Nat., MAIG), Mineral Resource Manager, Caledonia Mining South Africa (Pty) Ltd. This Report is compliant with NI 43-101 and Form F1 guidelines and regulations. The role of Minxcon has been to assist with the compilation of this document utilising the information as supplied by Caledonia in the form of a technical report. Minxcon has not conducted an audit or review of such information, thus this document does not qualify as an independent report. | |
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