Caledonia mining corporation plc: caledonia acquires the 940,000 oz maligreen project in zimbabwe

St helier, jersey, sept. 23, 2021 (globe newswire) -- caledonia mining corporation plc (“caledonia” or the “company”) (nyse american: cmcl; aim: cmcl) is pleased to announce that it has entered into an agreement to purchase the mining claims over the maligreen project (“maligreen”), a property situated in the gweru mining district in the zimbabwe midlands, from pan african mining (private) limited, a privately-owned zimbabwean company, for a total cash consideration of us$4 million. the property is estimated to contain a ni 43-101 compliant inferred mineral resource of approximately 940,000 ounces of gold1.
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