Caledonia Mining Corporation Plc is focused on optimizing Bilboes project to triple gold production.

From GlobeNewswire: 2025-03-27 03:00:00

Caledonia Mining Corporation Plc is progressing well on the Feasibility Study for the Bilboes project with support from DRA Projects (Pty) Ltd. The timeline has been extended to explore optimization opportunities that could improve project economics. The project aims to triple gold production and establish Caledonia as an intermediate gold producer.

Key areas of optimization include exploring concentrate sales, relocating the Tailings Storage Facility, and incorporating opportunities at Motapa following strong exploration results. The project, located adjacent to Bilboes, has shown promising mineralization. High-grade mineralization at the Blanket Mine could also contribute to initial capital requirements for Bilboes.

Caledonia is focused on maximizing shareholder value through technical and financial optimization of Bilboes. The Company aims to secure funding efficiently and continue discussions with funding partners and authorities in Zimbabwe. The Board remains committed to enhancing returns and reshaping Caledonia’s growth profile through Bilboes and other projects.

CEO Mark Learmonth emphasizes the importance of optimizing Bilboes and ensuring the project’s success. With positive exploration results at Motapa and promising developments at Blanket, Caledonia is confident in Bilboes’ ability to drive growth. The Company remains committed to a disciplined approach to enhancement and efficient funding of the project.



Read more at GlobeNewswire: Caledonia Mining Corporation Plc: Bilboes Optimisation