Caledonia Mining flags new near-surface gold zone at Blanket mine, tests heap leach option

• Caledonia Mining reported surface drilling at Blanket mine in Zimbabwe that outlined a previously unrecognized near-surface gold zone at the K-Pits target.
• Results point to oxide mineralization suitable for low-cost heap leaching, with a possible sulphide extension below a potential oxide open pit.
• Metallurgical test work on the oxide material is underway; a 10,000-tonne trial heap-leach operation is planned for the second half of 2026 if recoveries are acceptable.
• Selected intercepts included 23 m at 2.61 g/t gold from surface in oxide material, 16 m at 6.04 g/t in sulphide, 7 m at 5.96 g/t in sulphide.
• An updated Blanket resource statement is scheduled for August 2026, incorporating the surface program and recent underground drilling.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Caledonia Mining Corporation plc published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202607230200ACCESSWRNAPR_____1194945) on July 23, 2026, and is solely responsible for the information contained therein.