Caledonia Mining Reports Positive Drilling Results and Resource Continuity at Blanket Mine

Caledonia Mining Corporation Plc has announced encouraging results from its deep-level drilling program at the Blanket Mine, confirming the continuation of major orebodies at depth. The exploration data revealed that gold grades and ore widths across the Blanket, Eroica, and Lima zones exceeded initial expectations. This drilling campaign is designed to increase confidence in existing mineral resources and expand estimates beyond the 34 level, which sits 1,110 meters below the surface. These positive findings highlight the mine's potential for long-term production sustainability and asset valuation growth. The company intends to use these results to support an upcoming update to its mineral resource estimates. Investors view these developments as a significant step in securing the company's future output profile in the gold mining sector.