The Financial Gazette reports that Caledonia Mining Corporation announced a maiden mineral resource estimate of 510,000 ounces of gold at its Motapa asset in Zimbabwe, based on extensive drilling completed in 2025. The estimate includes 379,000 ounces in measured and indicated resources, and the Motapa asset is located near Bilboes. The find offers potential expansion for its neighbouring Bilboes project, which is already a major gold mine with significant output. The discovery strengthens Caledonia's Zimbabwean portfolio, and the expansion could increase production significantly, boosting the company's overall output. The Financial Gazette reports that the discovery faces risks from the country's unpredictable mining tax regime and power shortages, which have been a concern for investors and could deter further investment. These risks could affect the project's viability, as power shortages are chronic in Zimbabwe and the tax regime is unpredictable.
Gold Discovery News
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