Caledonia Mining Corporation plc has announced details regarding its latest mining project, which remains fully permitted under Zimbabwean laws. Despite a 45% increase in costs compared to previous assessments-driven by general cost escalation, exchange rate impacts, project scope refinement, and contingency adjustments-the project is expected to deliver robust margins and strong cash flow potential. The company plans to implement employee and community participation schemes following consultations with relevant authorities. Most of the project financing is expected to come from non-recourse senior debt, internal equity from Blanket Mine, and flexible instruments such as royalties, streams, and mezzanine funding, potentially including convertible bonds. Caledonia aims to minimise equity dilution and maintain its quarterly dividend of 14 cents per share, subject to prevailing conditions.