Caledonia Mining Corporation plc has released details from its feasibility study for the Bilboes Gold Project in Zimbabwe. The study outlines a two-phase development plan, with initial capital focused on achieving a processing capacity of 240,000 tonnes per month at the Isabella/McCays site for the first six years, followed by 180,000 tonnes per month at Bubi for the remaining life of the project. The project is expected to have a total life of 10.8 years, with a forecast total gold production of 1.55 million ounces and approximately 200,000 ounces in its first full year of production. The company plans to fund the majority of project costs through non-recourse senior debt, supplemented by internal equity contributions from its Blanket Mine operations. Caledonia has also hedged 3,000 ounces of gold per month for the next three years at a strike price of US$3,500/oz to support cash flow. The development timeline anticipates initial engineering and procurement activities in 2026, with construction targeted for completion over two years and first production expected in late 2028. You can access the full presentation through the link below.