TIDMGCAT

RNS Number : 5692N

Caracal Gold PLC

23 January 2023

Caracal Gold plc / EPIC: GCAT / Market: Main / Sector: Mining

23 January 2023

Caracal Gold plc ('Caracal' or the 'Company')

Result of AGM

Caracal Gold plc, the East African gold producer with over 1,300,000oz JORC-compliant gold resources, announces that at its Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed.

**ENDS**

For further information visit www.caracalgold.com or contact the following:

 
 Caracal Gold plc                     info@caracalgold.com 
  Robbie McCrae 
 Clear Capital Markets Ltd 
  Joint Broker                        +44 203 897 0981 
  Keith Swann / Jonathan Critchley     +44 203 869 6086 
                                     ------------------------------- 
 VSA Capital Ltd 
  Financial Adviser and Joint 
  Broker 
  Andrew Raca (Corporate Finance) 
  Andrew Monk / David Scriven 
  (Corporate Broking)                 +44 203 005 5000 
                                     ------------------------------- 
 St Brides Partners Ltd               caracal@stbridespartners.co.uk 
  Financial PR 
  Charlotte Page / Isabel de Salis 
  / Isabelle Morris 
                                     ------------------------------- 
 DGWA, the German Institute           info@dgwa.org 
  for Asset and 
  Equity Allocation and Valuation 
  European Investor and Corporate 
  Relations Advisor 
  Katharina Löckinger 
                                     -------------------------------

Notes

Caracal Gold plc is an expanding East African focused gold producer with a clear path to grow production and resources both organically and through strategic acquisitions. Its aim is to rapidly increase production to +50,000ozs p.a. and build a JORC compliant resource base of +3Moz. The company is progressing a well-defined mine optimisation strategy at its 100% owned Kilimapesa Gold Mine in Kenya, where there is significant mid-term expansion potential and the ability to increase gold production to 24,000oz p.a. and the resource to +2Moz (current JORC compliant resources of approx. 706,000oz). Alongside this, Caracal is undertaking a targeted exploration programme at the Nyakafuru Project in Tanzania, which has an established high-grade shallow gold resource of 658,751oz at 2.08g/t contained within four deposits over 280 km2 and appears amenable to development as a large scale conventional open pit operation.

Caracal's experienced team has a proven track record in successfully developing and operating mining projects throughout Africa. The Company is a responsible mining and exploration company and supports the positive social and economic change that it contributes to the communities in the regions that it operates. It is a proudly East African-focused company: it buys locally, employs locally, and protects the environment and its employees and their families' health, safety, and wellbeing.

Caracal's shares are quoted on the Main Market of the London Stock Exchange (LON: GCAT) and on the Frankfurt Stock Exchange (FSE: 6IK). The Company is also in the process of listing on the Nairobi Securities Exchange.

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END

RAGEAFFDALADEFA

(END) Dow Jones Newswires

January 23, 2023 06:43 ET (11:43 GMT)

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