Blanket Mine Q2 2024 Production

St Helier, July 10, 2024 - Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces gold production from the Blanket Mine ("Blanket") in Zimbabwe for the quarter ended June 30, 2024 ("Q2 2024") and the half year ended June 30, 2024 ("H1 2024"). All production numbers are expressed on a 100 per cent basis and are based on final assays from the refiner.

Production Summary

• Q2 2024 gold production at Blanket was 20,773 ounces, a 19% increase on the 17,436 ounces produced in the second quarter of 2023.
• H1 2024 gold production at Blanket was 37,823 ounces, a 13% increase on the 33,472 ounces produced in the first half of 2023.
• Caledonia reiterates 2024 gold production guidance at Blanket of 74,000 to 78,000 ounces.[1]

Mark Learmonth, Chief Executive Officer, said:

"Blanket Mine continues to provide a solid foundation for growth as we prepare to become a multi-asset gold producer. Production in the first half of 2024 was excellent and has exceeded our expectations. We remain on track to hit our annual production target of 74,000 to 78,000 ounces of gold."