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Caledonia Mining Corp PLC - gold producer with operations in Zimbabwe - Says measured and indicated mineral resource at Maligreen project, in Zimbabwe, of 8.03 million tonnes at a grade of 1.71 grams per tonne. Site contains around 442,000 ounces of gold. Inferred mineral resource of 6.17 million tonnes at 2.12 grams per tonne with around 420,000 ounces of gold.
Chief Executive Officer Mark Learmonth said: "Today's announcement which improves the geological confidence of approximately half the Mineral Resources from Inferred to Measured and Indicated Mineral Resources supports our confidence in the project and its geological prospectivity. We expect to continue our evaluation work on the project, in line with other strategic and capital priorities for the business into the future as we build an attractive project and exploration pipeline in Zimbabwe."
Current stock price: 938.00 pence, up 3.7% on Monday
12-month change: down 0.2%
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