
Caledonia will conduct a feasibility study to identify the most judicious way to commercialise the project to optimise shareholder returns. (Image Source: Adobe Stock)
Caledonia Mining Corporation Plc has signed an agreement to purchase the Bilboes gold project in Zimbabwe, owned by Bilboes Gold Limited, for a total consideration of 5,123,044 Caledonia shares representing approximately 28.5% of Caledonias fully diluted equity, and a 1% net smelter royalty (NSR) on the projects revenues