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Caledonia Mining Corporation Plc announced a 22% increase to its underground measured and indicated mineral resources…
CMCLCaledonia Mining Corp Plc
Caledonia Mining Corporation Plc announced a 22% increase to its underground measured and indicated mineral resources at Blanket Mine, rising to 2.178 million ounces of gold contained in 17.7 million tonnes at 3.83 g/t grade as of June 30, 2026. The company also declared a maiden surface mineral resource estimate comprising 30 thousand ounces of indicated gold across oxide and sulphide zones. Management highlighted successful conversion of inferred resources to higher-confidence categories and outlined plans for a technical study to deepen operations below 1,100 meters by late 2026. Additionally, the company intends to commence trial heap-leach processing on near-surface oxide material in the first half of 2027, subject to environmental approvals. Caledonia Mining Corporation Plc operates as a gold mining company focused on the Blanket Mine project in Zimbabwe.