Caledonia seeks new gold deposits at Bubi lease

Caledonia intends to undertake gold exploration at Motapa, in Bubi, which covers an area of 2 224 hectares. (File Picture)

CALEDONIA Mining Corporation says it intends to undertake an environmental and social impact assessment (ESIA) exercise ahead of the commencement of exploration activities at the firm’s Motapa mining lease in Bubi District, Matabeleland North Province.

The Jersey-based group, through its wholly subsidiary Arraskar Investments P/L, holds the title to the Motapa gold claim, adjacent to the Bilboes Gold Limited, another gold asset the company acquired last year in a US$53,5 million deal.

Caledonia said it planned to conduct exploration activities for gold at Motapa,  which covers 2 224 hectares. The company has since invited affected stakeholders to make submissions, comments and objections on the project.

“To this end, Caledonia has engaged Griynova Environmental Consultancy to conduct the ESIA for this proposed exploration project in terms of the Environmental Management Agency (Chapter 20:27).

“In accordance with the provisions of the said Act, read in conjunction with Statutory Instrument 7 of 2007 –Environmental Impact Assessment and Ecosystems Protection Regulations, notice is hereby given to all interested and affected parties for invitation of submissions, comments, and objections on the project,” said Caledonia in a public notice.

The submissions seek to facilitate engagement with relevant stakeholders and ensure broad-based participation in the project.

Interested and affected stakeholders are required to give input on the proposed project from today until July 6, 2023.

Caledonia, which is angling to be a multi-asset gold producer in Zimbabwe, also owns the gold-rich Blanket Mine in Gwanda, Matabeleland South province.

In 2021, the mining group bought the Maligreen Goldfields in Gweru, Midlands province for about US$4 million.

Herald

Business

Zimplow Holdings Swings To US$891k Profit On Strong Q3 Performance

Zimplow Holdings Limited has reported a strong recovery for the nine months to 30 September 2026, swinging to a profit before tax of US$891,063 from a loss of US$650,998 in the same period last year. The turnaround of over US$1.54 million was driven by a 10.6% rise in Group revenue to US$24.88 million and an […]

Read More
Business

Invictus Energy Set For Musuma-1 Drilling After Wellpad Handover

Invictus Energy is moving closer to drilling its next major exploration well in Zimbabwe’s Cabora Bassa Basin after wrapping up civil works at the Musuma-1 site. The Australia Stock Exchange-listed explorer said the Musuma-1 wellpad in Muzarabani has been completed and has passed formal inspection by its drilling contractor, Exalo Drilling. The sign-off clears a […]

Read More
Business

Curtain Call for WestProp’s Exit Offer

WestProp Holdings Limited, a listed entity on the Victoria Falls Stock Exchange, concluded its Exit Offer at 4:00 pm on 9 October 2026. The Exit Offer attracted valid acceptances for 427,389 shares, equivalent to approximately 1.4% of the company’s issued share capital and 5.3% of minority shareholders. Upon settlement, the corresponding minority shares in Alpha […]

Read More