Outlook: Future-proofing Blanket
Caledonia’s revised investment plan will modernise Blanket and provide sufficient mine flexibility to support a sustainable ramp-up in gold production to 76-81koz by 2021. At first glance the plan appears to suggest investing US$70m on the basis of mining inferred ore, but it is actually de-risked: the mining of higher-confidence resources and reserves covers 97% of the cost of the revised investment plan at a gold price of US$1,250/oz.
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