Caledonia Mining Corporation Plc Third Quarter Production at Blanket Mine

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Production tracking increased guidance at Blanket Mine

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ST HELIER, Jersey, Oct. 21, 2025 (GLOBE NEWSWIRE) — Caledonia Mining Corporation Plc (NYSE AMERICAN, AIM and VFEX: CMCL) (“Caledonia” or “the Company”) announces gold production from the Blanket Mine in Zimbabwe (“Blanket”) for the quarter ended September 30, 2025 (“Q3 2025” or the “Quarter”). All production numbers are expressed on a 100 per cent basis and are based on the final assay at the refiners.

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Highlights

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Mark Learmonth, Chief Executive Officer, said:

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 “We’re pleased to report another quarter of solid performance at Blanket, building on the exceptional start to the year.

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“It is, however, with deep regret that we reported in September the loss of a Blanket Mine colleague following an accident related to secondary blasting. On behalf of Caledonia, I extend our heartfelt condolences to the family and colleagues of the deceased. The safety and well-being of our workforce remains our highest priority.

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“The consistency of our output reflects the strategic investments we’ve made across the business and we remain on track to meet our increased production guidance.”

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Refer to technical report “NI 43-101 Technical Report on the Blanket Gold Mine, Zimbabwe” with effective date December 31, 2023 prepared by Caledonia Mining Corporation Plc and filed by the Company on SEDAR+ (www.sedarplus.ca) on May 15, 2024

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Craig James Harvey, MGSSA, MAIG, Caledonia’s Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this news release. Craig James Harvey is a “Qualified Person” as defined by each of (i) the Canadian Securities Administrators’ National Instrument 43-101 – Standards of Disclosure for Mineral Projects and (ii) sub-part 1300 of Regulation S-K of the U.S. Securities Act.

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Enquiries

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Note: The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014
(“MAR”)
as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018
and is disclosed in accordance with the Company’s obligations under Article 17 of MAR. 

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Cautionary Note Concerning Forward-Looking Information
Information and statements contained in this news release that are not historical facts are “forward-looking information” within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited, to Caledonia’s current expectations, intentions, plans, and beliefs. Forward-looking information can often be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “goal”, “plan”, “target”, “intend”, “estimate”, “could”, “should”, “may” and “will” or the negative of these terms or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. The forward-looking information contained in this news release is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to: the successful implementation of mine plans, the establishment of estimated resources and reserves, the grade and recovery of minerals which are mined varying from estimates, success of future exploration and drilling programs, reliability of drilling, sampling and assay data, the representativeness of mineralization being accurate, success of planned metallurgical test-work, capital availability and accuracy of estimated operating costs, obtaining required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and Caledonia’s experience of project development in Zimbabwe and other factors.