Operations
Motapa
In pursuit of Caledonia’s strategy to become a multi asset gold producer in
Zimbabwe, in November 2022 the Company announced that it had purchased
Motapa Mining Company UK Limited, the parent company of a Zimbabwe
subsidiary which holds a registered mining lease over the Motapa gold
exploration property in Southern Zimbabwe.
The Company made the purchase from Bulawayo Mining Company Limited, a privately owned UK company.
Highlights
- Caledonia considers Motapa to be highly prospective and strategically important to its growth ambitions in Zimbabwe in terms of both location and scale.
- Motapa is a large exploration property which is contiguous to the Bilboes gold project in respect of which Caledonia announced that it had entered into a binding sale and purchase agreement in July 2022.
- The project was formerly owned and explored by Anglo American Zimbabwe prior to its exit from the Zimbabwean gold sector in the late 1990s. The project is approximately 75km north of Bulawayo with a mining lease covering approximately 2,200 hectares.
- The Motapa area has been mined throughout most of the second half of the 20th century. Caledonia understands that during this period the region produced as much as 300,000oz of gold. Whilst none of the mining infrastructure remains, the evidence of historical mining will provide guidance to our exploration team in best understanding the prospectivity of the region.
