Blanket Mine Q2 2025 Production and Guidance

St Helier, July 16, 2025 Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces gold production from the Blanket Mine ("Blanket") in Zimbabwe for the quarter ended June 30, 2025 ("Q2 2025") and the half year ended June 30, 2025 ("H1 2025"). All production numbers are expressed on a 100 per cent basis and are based on final assays from the refiner.

Production and Guidance Summary

Q2 2025 gold production was 21,070 ounces, setting a new record for a second quarter; 20,773 ounces were produced in the second quarter of 2024.

H1 2025 gold production was 39,741 ounces, a 5.1 % increase on the 37,823 ounces produced in the first half of 2024.

Caledonia increases BlanketÕs production guidance to 75,500 - 79,500 ounces of gold[1].

Mark Learmonth, Chief Executive Officer, said:

"Production in the first half of 2025 was excellent and has exceeded our expectations. As a result of this strong performance, we are increasing our annual production guidance. This performance is a testament to the dedication and hard work of our team.

"Blanket Mine continues to provide a solid foundation for growth. As we move forward, we are confident that it will continue to be a cornerstone of our success, driving value for our shareholders."

Note: The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014 (ÒMARÓ) 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.