Caledonia Mining drilling at Blanket can add over four years to mine life, suggests house

Caledonia Mining’s update from the deep-level drilling programme at its Blanket Mine was encouraging says broker Cavendish with grades and widths generally better than expected. As a result, the overall resource should increase and so lead to an extension of the mine life. “We currently value Blanket out to 2036, even only a four-year life of mine extension, that far in the future, could increase our NPV 12%-US$1700/oz by over 10%. “This is a meaningful result given the infrastructure in place and how far i ...