Caracal Gold Plc
LSE:GCAT
UK based gold mining company focused on acquiring and developing under exploited gold mining opportunities in East Africa.
Overview
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2021 August LSE Main Market listed following funding round of £5.5m.
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Aims to spent the raised funds on mine expansion programs and gold exploration in East Africa.
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100% interest in the producing Kilimapesa Gold Mine which will be a cornerstone asset for growth.
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Kilimapesa has a mining licence and a confirmed 671,446oz JORC compliant resource; the near term exploration target is 1.5mnoz.
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Gold ore is produced on site and refined in Switzerland.
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Company has recently opened an office in Nairobi, to broaden its presence in East Africa.
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Company is dual listing on the Nairobi Stock Exchange and will be the first listed mining company on the exchange.
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Caracal has built an experienced executive team to further develop the company’s gold production profile through the acquisition of other opportunities in the East Africa region. This broad-based experience covers deep local and regional geological knowledge, mine development and engineering, production and capital markets experience.