Updated Corporate Presentation

RNS Number : 7132B

Caracal Gold PLC

04 October 2022

 

Caracal Gold plc / EPIC: GCAT / Market: Main / Sector: Mining

4 October 2022

  Caracal Gold plc ('Caracal' or the 'Company') 

Updated Corporate Presentation

Caracal Gold plc, the expanding East African gold producer with over 1,300,000oz JORC-compliant gold resources, is pleased to announce that an updated corporate presentation has been uploaded to the Company's website at: https://caracalgold.com/investors/corporate-documents/

The updated presentation provides an overview of Caracal's East African gold assets and growth strategy as it continues to focus on increasing production at its Kilimapesa Gold Mine and Processing Facility in Kenya to a targeted rate of 24,000oz per annum.  Alongside this, the Company is focussed on finalising the acquisition of the Nyakafuru Gold Project in Tanzania, where site preparation work has been undertaken ahead of the commencement of an exploration programme to better determine the project's resource potential.

**ENDS**

For further information visit www.caracalgold.com or contact the following:

Caracal Gold plc Robbie McCrae Sheila Boit	[e-mail]
Clear Capital Markets Ltd Joint Broker Keith Swann / Jonathan Critchley	[phone] [phone]
VSA Capital Ltd Financial Adviser and Joint Broker Andrew Raca (Corporate Finance) Andrew Monk / David Scriven (Corporate Broking)	[phone]
St Brides Partners Ltd Financial PR Charlotte Page / Isabel de Salis / Isabelle Morris	[e-mail]
DGWA, the German Institute for Asset and Equity Allocation and Valuation European Investor and Corporate Relations Advisor Katharina Löckinger	[e-mail]

Notes

Caracal Gold plc is an expanding East African focused gold producer with a clear path to grow production and resources both organically and through strategic acquisitions. Its aim is to rapidly increase production to +50,000ozs p.a. and build a JORC compliant resource base of +3Moz.  We are progressing a well-defined mine optimisation strategy at our 100% owned Kilimapesa Gold Mine in Kenya, where there is significant mid-term expansion potential and ability to increase gold production to 24,000oz p.a. and the resource to +2Moz (current JORC compliant resources of approx. 706,000oz). Our experienced team, with proven track record in successfully developing and operating mining projects throughout Africa, is reviewing other complementary and strategically located gold mine and development projects in East Africa.

Caracal is a responsible mining and exploration company and supports the positive social and economic change that it contributes to the communities in the regions that it operates.  It is a proudly East African-focused company: it buys locally, employs locally, and protects the environment and its employees and their families' health, safety, and wellbeing.

Caracal's shares are quoted on the Main Market of the London Stock Exchange (LON: GCAT) and on the Frankfurt Stock Exchange (FSE: 6IK); a listing on the Nairobi Securities Exchange is underway.

 

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