Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM:
CMCL; VFEX: CMCL) ("Caledonia" or the "Company”) announces that it
has appointed Dana Roets to the board with immediate effect.
Dana has been the Chief Operating Officer at
Caledonia since 2013 and will continue in this role following his
appointment to the board. He is a qualified engineer with over 34
years of operational and managerial experience in the South African
gold and platinum industries. Dana has held various operational
roles from being an underground miner to becoming Vice President
and Head of Operations at Kloof Gold Mine.
Leigh Wilson, Chairman,
commented:
“I am delighted to welcome our colleague Dana
onto the board. He is a highly respected professional engineer with
a long track-record in the mining industry. His contribution to
Caledonia as Chief Operating Officer over the last 9 years has been
outstanding - in particular, his contribution to the successful
implementation of the Central Shaft project at Blanket Mine: Dana
was responsible for this project from its initial design stage in
late 2014 to its commissioning in March 2021. Over this period,
Blanket’s production has increased by over 60 per cent from less
than 42,000 ounces of gold in 2014 to over 67,000 ounces of gold in
2021. Following the successful completion of the Central Shaft, we
anticipate production at Blanket Mine increasing further to
approximately 80,000 ounces of gold per annum from 2022
onwards1.
“Under Dana’s leadership, Caledonia’s technical
team has been substantially strengthened which puts us in a good
position to embark on new projects which I expect will be an
integral part in achieving the board’s strategic vision for the
Company to become a multi-asset gold producer.”
Commenting on his appointment as a
director of Caledonia, Mr Roets said:
“I am very excited to be appointed to the board
at such a transformational time for the Company and to become more
closely involved with the strategic decision-making process,
especially in the Company’s transition into a multi-asset gold
producer. I will continue in my capacity of Chief Operating Officer
to oversee the operational team as we continue to strengthen and
grow the business.”
Appendix 1 - current and previous
directorships of Mr Roets and other matters required to be notified
in accordance with paragraph (g) of Schedule 2 to the AIM
Rules
The names of all companies of which Mr Roets has
been a director at any time in the previous five years are set out
below:
Company |
Status |
Blanket Mine (1983) (Private) Limited |
Current |
Kuduberry Investment (PTY) LTD |
Current |
Bravoplex 467 CC |
Current |
Mr Roets’ full name is Dana Roets. He is 59
years old.
Mr Roets does not presently hold shares or share
options in the Company. He holds 15,966 performance units (“PUs”)
awarded under the Company’s 2015 Omnibus Equity Incentive
Compensation Plan (consisting of 10,436 PUs awarded in January 2020
and 5,530 PUs awarded in January 2021) which, upon vesting on the
third anniversary of award, may settle in cash, shares or a
combination of both.
There are no other matters which are required to
be announced pursuant to paragraph (g) of Schedule 2 to the AIM
Rules.
Enquiries:
Caledonia Mining Corporation PlcMark
LearmonthCamilla Horsfall |
Tel: +44 1534 679 802Tel: +44
7817 841793 |
WH IrelandAdrian Hadden/ Andrew De Andrade |
Tel: +44 20 7220 1751 |
Blytheweigh Financial PRTim Blythe/Megan Ray |
Tel: +44 207 138 3204 |
3PPBPatrick ChidleyPaul Durham |
Tel: +1 917 991 7701Tel: +1 203
940 2538 |
Curate Public Relations (Zimbabwe)Debra
Tatenda |
Tel: +263 772802131 |
Note: This announcement contains inside
information which is disclosed in accordance with the Market Abuse
Regulation (EU) No. 596/2014
(“MAR”)
as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 and is disclosed in accordance
with the Company's obligations under Article 17 of
MAR.
Cautionary Note Concerning
Forward-Looking InformationInformation and statements
contained in this news release that are not historical facts are
“forward-looking information” within the meaning of applicable
securities legislation that involve risks and uncertainties
relating, but not limited, to Caledonia’s current expectations,
intentions, plans, and beliefs. Forward-looking information can
often be identified by forward-looking words such as “anticipate”,
“believe”, “expect”, “goal”, “plan”, “target”, “intend”,
“estimate”, “could”, “should”, “may” and “will” or the negative of
these terms or similar words suggesting future outcomes, or other
expectations, beliefs, plans, objectives, assumptions, intentions
or statements about future events or performance. Examples of
forward-looking information in this news release include:
production guidance, estimates of future/targeted production rates,
and our plans and timing regarding further exploration and drilling
and development. This forward-looking information is based, in
part, on assumptions and factors that may change or prove to be
incorrect, thus causing actual results, performance or achievements
to be materially different from those expressed or implied by
forward-looking information. Such factors and assumptions include,
but are not limited to: failure to establish estimated resources
and reserves, the grade and recovery of ore which is mined varying
from estimates, success of future exploration and drilling
programs, reliability of drilling, sampling and assay data,
assumptions regarding the representativeness of mineralization
being inaccurate, success of planned metallurgical test-work,
capital and operating costs varying significantly from estimates,
delays in obtaining or failures to obtain required governmental,
environmental or other project approvals, inflation, changes in
exchange rates, fluctuations in commodity prices, delays in the
development of projects and other factors.
Security holders, potential security holders and
other prospective investors should be aware that these statements
are subject to known and unknown risks, uncertainties and other
factors that could cause actual results to differ materially from
those suggested by the forward-looking statements. Such factors
include, but are not limited to: risks relating to estimates of
mineral reserves and mineral resources proving to be inaccurate,
fluctuations in gold price, risks and hazards associated with the
business of mineral exploration, development and mining, risks
relating to the credit worthiness or financial condition of
suppliers, refiners and other parties with whom the Company does
business; inadequate insurance, or inability to obtain insurance,
to cover these risks and hazards, employee relations; relationships
with and claims by local communities and indigenous populations;
political risk; risks related to natural disasters, terrorism,
civil unrest, public health concerns (including health epidemics or
outbreaks of communicable diseases such as the coronavirus
(COVID-19)); availability and increasing costs associated with
mining inputs and labour; the speculative nature of mineral
exploration and development, including the risks of obtaining or
maintaining necessary licenses and permits, diminishing quantities
or grades of mineral reserves as mining occurs; global financial
condition, the actual results of current exploration activities,
changes to conclusions of economic evaluations, and changes in
project parameters to deal with unanticipated economic or other
factors, risks of increased capital and operating costs,
environmental, safety or regulatory risks, expropriation, the
Company’s title to properties including ownership thereof,
increased competition in the mining industry for properties,
equipment, qualified personnel and their costs, risks relating to
the uncertainty of timing of events including targeted production
rate increase and currency fluctuations. Security holders,
potential security holders and other prospective investors are
cautioned not to place undue reliance on forward-looking
information. By its nature, forward-looking information involves
numerous assumptions, inherent risks and uncertainties, both
general and specific, that contribute to the possibility that the
predictions, forecasts, projections and various future events will
not occur. Caledonia undertakes no obligation to update publicly or
otherwise revise any forward-looking information whether as a
result of new information, future events or other such factors
which affect this information, except as required by law.
This news release is not an offer of the shares
of Caledonia for sale in the United States or elsewhere. This news
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of the shares of
Caledonia, in any province, state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such province, state
or jurisdiction.
1 Refer to the
technical report entitled “Caledonia Mining Corporation Plc NI
43-101 Technical Report on the Blanket Gold Mine, Zimbabwe” dated
May 17, 2021 prepared by Minxcon (Pty) Ltd and filed by the Company
on SEDAR on May 26, 2021. Mr Dana Roets (B Eng (Min.), MBA,
Pr.Eng., FSAIMM, AMMSA), Chief Operating Officer, is the Company's
qualified person as defined by Canada's National Instrument 43-101
and has approved any scientific or technical information contained
in this news release.
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