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Caledonia Mining reports high-grade gold at Motapa, boosting Bilboes project potential in Zimbabwe.

Market News
10 Jun 2026
Proactive Investors
View Source
Bullish
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Caledonia Mining Corporation announced high-grade gold drilling results at its Motapa site in Zimbabwe, confirming mineralisation across multiple zones along a 6km strike. These findings support Motapa as a strategic extension of the nearby Bilboes gold project, which has proven reserves of 1.75 million ounces. The company aims to enhance Bilboes' long-term value and targets first gold production by Q4 2028. A maiden mineral resource estimate for Motapa is expected in Q3 2026.

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