Caledonia Mining Corp Plc

Further Potential

The delineation of the mineralized zones at the K-Pits may potentially represent a new orebody that has not been exploited underground at Blanket. When examining the underground workings and the locality of the K-Pits it is evident that the mineralisation is located approximately 200 meters to the east of where the nearest, projected to surface, underground orebody would outcrop. Figure 7 shows an oblique view of the K-Pits in relation to the underground orebodies at Blanket.

Figure 7: Oblique view of the underground orebodies at Blanket mine with the location of the surface K-pit trenches and interpreted mineralised zones.

A cross section through the K-Pits and Sheet vertical shaft is provided in Figure 8. The orebody dip and dip directions at Blanket are fairly uniform and further drilling is planned, both from underground on 9 level and from surface, to probe the potential extension of the K-Pits mineralized zone at depth.

Figure 8: Cross sectional view looking north east depicting the closest underground orebody and the location of the K-Pit mineralisation

The drilling and trenching procedures together with an analysis of the Quality Assurance and Quality Control (“QAQC”) procedures followed are provided further in the text.