Caracal was established to acquire and develop under exploited gold mining opportunities in East Africa, with the medium-term goal of producing circa 50,000 ounces of gold per annum with a resource in excess of 2 million ounces.

 

To this end, it is currently focused on the optimisation of its existing producing asset, the Kilimapesa Mine in Kenya, where it aims to produce +25,000 oz gold per annum and build the current JORC Resource to in excess of 2 million ounces. Additionally, the Company will look to utilise its experienced executive team to further develop Caracal’s gold production profile through the acquisition of other opportunities in the East Africa region.

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