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IN BRIEF: Caracal drill rigs arrive on site at Kilimapesa mine

Fri, 26th Nov 2021 12:50

Caracal Gold PLC - gold producer with operations in East Africa - Reports arrival of its two drill rigs on-site at Kilimapesa Gold Mine ahead of commencement of recently announced diamond drilling and reverse circulation drilling programmes. Drill programmes to start immediately, with pre-drilling work including the preparation of drill pads well-advanced.

"We are very pleased with the time it's taken to get these drill rigs to site, and credit goes to all involved. The arrival of the drill rigs dovetails well with the Prospecting License renewal, assembling a highly experienced team and completing much of the preparation work for the drilling programme to now commence," says Chief Executive Robbie McCrae.

Current stock price: 1.26 pence

Year-to-date change: up 20% from end of August

By Lucy Heming;Â lucyheming@alliancenews.com

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16 Feb 2023 11:26

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13 Jan 2023 17:03

IN BRIEF: Caracal Gold chair steps down; successor search begins

Caracal Gold PLC - East Africa-focused gold producer - Non-Executive Chair Simon Games Thomas steps down with immediate effect. Says a replacement chair will be appointed in due course and says it is in advanced discussions with a potential candidate.

10 Jan 2023 11:54

Caracal Gold shares plummet as USD10.5 million financing falls through

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21 Dec 2022 19:20

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13 Dec 2022 14:52

Caracal Gold shares jump on positive assay results from Vim Rutha

(Alliance News) - Caracal Gold PLC on Tuesday said the Vim Rutha prospect corridor at the Kilimapesa Hill deposit in Kenya was "intensely gold-bearing" after positive assay results.

12 Dec 2022 21:54

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2 Dec 2022 11:58

IN BRIEF: Goldplat sells remaining shares in Caracal Gold

Goldplat PLC - South Africa and Ghana-focused mining services company - Announces sale of remaining portion of its shares in Caracal Gold PLC. Retains no interest in Caracal Gold shares following the disposal.

22 Nov 2022 20:02

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9 Nov 2022 16:53

IN BRIEF: Caracal Gold loss widens; revenue jumps on higher production

Caracal Gold PLC - East Africa-focused gold producer - In the 18 months ended June 30, posts a pretax loss of GBP15.5 million, widened from a loss of GBP1.7 million in the 12 months ended December 31, 2020. Comes as administrative expenses soar to GBP7.2 million from GBP10,000. Revenue jumps to GBP6.9 million in the 18 months from GBP1.4 million in the same comparison period as production increases "substantially". At June 30, assets total GBP9.7 million, up from GBP5.2 million at the end of 2020. Carcal says the 2022/2023 financial year is set to be "exciting" for the firm thanks to its ongoing exploration programmes in Kenya and Tanzania.

1 Nov 2022 20:39

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IN BRIEF: Caracal drill rigs arrive on site at Kilimapesa mine

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