Caracal Gold Plc, listed on the LSE and the FSE, is an emerging East African focused gold producer with 1,365koz JORC-Compliant gold Resource. The company has a clear path to grow production and resources with both organically and through strategic acquisitions. Caracal has a 100% interest in the producing Kilimapesa Gold Mine in Kenya, and is finalizing acquisition of Nyakafuru Gold Project in Tanzania that has the potential to produce 50,000oz per annum. Construction is underway at our flagship asset, Kilimapesa Gold Mine. Increasing mining capacity and processing capacity to increase production to 24koz per annum by Q1 2023.
Hargreaves Lansdown Stockbrokers – 17.47%
Mr. G McConnell- 10.15%
Interactive Investor Services Limited – 8.64%
Jarvis Investment Management Limited – 7.99%
Mr. Robert McCrae – 5.53%
Management Ownership – 10.05%
Robbie McCrae – Chief Executive Officer
Robbie McCrae, Chief Executive Officer, with 20 years’ experience in the mining and exploration industry. Robbie has been Involved in the management of exploration, development and financing of projects in over 15 African countries for both private and listed companies.
As we are seeking to expand both production and resources, we are seeking investors to participate in the exciting growth opportunities by funding our strategy.
Complete infrastructure required for accelerated plan on Kilimapesa
Complete Tanzanian acquisition
Complete production build- up at Kilimapesa to an annualised rate of 24,000ozpa
Increase Kilimapesa resource to +1,5m ounces
Commence drilling in Tanzania
Increase resource in Tanzania to +1moz and complete BFS on initial project
Complete next add-on project acquisition
Current global political risk which impacts directly on the Gold price and hence ability to fund expansion out of cashflow. The company is working on a funding package to mitigate these risks.
We are small, aggressive and agile in our management style and have a wealth of experience throughout Africa and specificvally now in East Africa. We have a strong Board and management team well experienced in exploration, mining and in East Africa. We believe that we will deliver far above average returns to our investors in the foreseeable future. As a small, developing Gold producer we are uniquely positioned as we have existing production and cashflow; we have concrete plans to grow production output, and we have both the licenses, equipment and strategy to expand resources significantly.