Caledonia Mining Corporation (CMCL)

[NYBob]

RE...No. 6 Winze

The Blanket Board has approved investment in a new capital
project to access the Blanket ore body below
22L by deepening the No. 6 Winze shaft.

An existing Double Drum Winder will be refurbished and
installed in a new winder chamber to be excavated on 18 Level.

The shaft, from 30m above 22 Level, will be widened to
accommodate the tipping station for the required two ore skips,
and the shaft will then be sunk down to 1,060m with stations and
main haulage levels being developed on 870m (26 Level) and
1,000m (30 Level).

Ore and development waste will then be hoisted up the deepened
No. 6 Winze to 22 Level where it will be tipped into the
No 4 shaft system for crushing and hoisting to surface.

The capital cost of this project is estimated to be US$4.4
million, which will be funded from Blanket’s internal cash
flows.
Work on this project has commenced and it is expected that this
project will be completed in late 2015.

Once complete, management expects that production from
the Blanket ore body below 22L will
progressively increase to approximately 700 tonnes of ore per
day.
This production will be in addition to the continued target
production from other areas of Blanket mine of
1,000 tonnes of ore per day.

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