Company Overview
Caracal is an LSE and FSE listed gold producer and developer with established operations in East Africa and over 1,300,000 oz JORC compliant resources. The Company is focused on building production and profitability, targeting +50,000 oz p.a. gold production and +3 Moz in JORC Compliant Resources across its operations.
In Kenya, it owns the Kilimapesa Gold Mine and work is underway on an expansion project to increase production to +24,000 oz. Exploration is underway and the company is targeting +2 Moz in JORC compliant resources from the Kilimapesa Hill deposit and regional exploration targets.
In Tanzania, the Company is in the process of acquiring a 100% interest in the advanced Nyakafuru Gold Project, which is located in the Lake Victoria Gold Fields, one of Africa’s largest producing gold regions. With proven, high-grade, shallow gold resources, Nyakafuru has the potential to produce 50,000oz per annum.
Driven by an experienced management team with proven operating experience in Africa and demonstrated capabilities in optimising gold mining operations, the Company is committed to delivering stakeholder value and is committed to ensuring that its operations provide direct and sustainable benefits to the communities within which it operates.