Nick's questions to Caledonia Mining Corporation PLC (CMCL) leadership • Q3 2024
Question
An analyst named Nick asked about the potential strike length of the new discovery at Motapa and whether there was a possibility of finding more similar undiscovered deposits in the surrounding area.
Answer
Craig Harvey, VP of Technical Services, estimated the strike length of the new zone at approximately 800 meters. He and Executive Mark Learmonth elaborated on the area's potential, noting significant folding and shearing conducive to gold deposits. They highlighted the proximity to other historic pits and suggested the entire area could become a major mining camp, expressing confidence in the potential for more exciting discoveries.