EX-15.2 9 exh15_2.htm EXHIBIT 15.2 exh15_2.htm
 


Exhibit 15.2
Property and Claims Information

THE DATA PROVIDED BELOW FOR THE THREE PROPERTY AREAS IS CONSIDERED THE MATERIAL INFORMATION RELATING TO THE PROPERTIES AND CLAIMS. THE FULL TEXT OF THIS DATA AND INFORMATION IS AVAILABLE IN THE VARIOUS TECHNICAL REPORTS THAT ARE AVAILABLE ON THE COMPANY WEBSITE www.caledoniamining.com

BLANKET GOLD MINE
a)           Nature of Ownership Interests
Blanket Mine’s claims area is based on 2701 pegged claims.  An application made to the Ministry of Mines to convert the claims area into a mining lease was approved and its issue is awaited.
Blanket’s exploration properties are all pegged claims (see Table 14 g(i)) and held 100% by Blanket although some of the claims are subject to royalties.
b)           Salient Terms of Agreements, Royalties
·  
1.5 – 2.0% NSR. Blanket owns the claims totally.
 
Based on current mining law in Zimbabwe, Blanket’s Mining Lease is valid in perpetuity.
Prospecting claims are renewable on an annual basis (Table 14 g(i)) by payment of a claim fee based on the area of the claim. The claims may also be maintained by carrying out exploration activities on the claims.  Royalties are payable on some of the claims (see Table 14 g(i)).
c)           Mineral Rights – Process of Acquisition
Mineral rights in Zimbabwe may be acquired by pegging claims or by purchasing claims. In the case of the purchase of an operating mine the mining lease/ claim is transferrable together with the related conditions.  Proposed changes to the Mining Law will require that indigenous persons hold a significant interest in mining companies.  Claims are held indefinitely so long as they are serviced in terms of work done or fees paid.
d)           The Claim/Right type and Conditions
Zimbabwe recognizes both precious metal (gold) and base metal claims regardless of the nature of the deposit.  In the event of a gold mine being located on base metal claims, the claims can be converted to precious metal claims. The claims are awarded and monitored by the State.  A mining lease is awarded over existing claims on application by the mining company.
e)           Property details
See Table 14 g(i).
f)           Conditions of retention, Payments etc
See Table 14 g(i).  Claim fee payments are made by Blanket Gold Mine (responsible person – V. Naik).
g)           Property area – see Table 14 g (i)

The protection of non-producing claims is the subject of ongoing discussions as the claim protection fees have been dramatically increased and the economic feasibility of protecting all claims is being assessed.

 
 

 


 
CLAIM BLOCK
 
NUMBER OF
 
CLAIM
 
CLAIM/BLOCK
 
EXPIRY DATES
 
AREA
PROPERTY NAME
 
CLAIM BLOCKS
 
TYPE
 
NUMBERS
     
(ha)
GWANDA CLAIMS
                   
Blanket Mine
                   
Valentine
 
26
 
Gold
 
GA2767-92
 
21-Mar-16
 
240.6
Oqueil
 
36
 
Gold
 
35928-63
 
29-Jan-16
 
270
Havard
 
1
 
Base
 
5576BM
 
02-Feb-15
 
25
Blanket
 
11
 
Gold
 
GA512'GA547,GA247-8,GA349,
 
06-Apr-16
 
114
           
GA5030,1817,31202,3958
       
       
Base
 
6874BM,9627BM
 
26-Aug-15
   
Feudal
 
6
 
Gold
 
31190,19918,21065,GA446,
 
10-May-16
 
77
       
Base
 
10051BM,10358BM
 
25-Sep-15
   
Lima
 
85
 
Gold
 
36066-117,35753-68,34052-67,
 
02-Apr-16
 
828.5
       
Base
 
10925BM
 
23-Sep-15
   
Sheet
 
21
 
Gold
 
35628-39,34744,34747-51,34856,GA341,
 
03-Apr-16
 
179.6
       
Base
 
9629BM
 
26-Aug-15
   
Sabiwa
 
12
 
Gold
 
GA281,GA513,1978,25610,9628BM,
 
11-Apr-16
 
594
       
Base
 
9628BM,10922-23BM,10894-96BM,10049-50BM
 
23-Sep-15
   
Mbudzane Rock
 
43
 
Gold
 
36160-202
 
21-May-16
 
353.9
Jethro
 
1
 
Gold
 
19923
 
23-Jul-16
 
9
DT
 
2
 
Gold
 
21775
 
01-Sep-16
 
10
Smiler
 
1
 
Gold
 
32939
 
20-Nov-15
 
10
Site Cemetry
 
1
 
Site
 
577
 
14-Dec-15
 
2
Site Compound
 
1
 
Site
 
701
 
15-Sep-15
 
10
Site Compound
 
1
 
Site
 
575
 
14-Dec-15
 
17
Site Compound
 
1
 
Site
 
574
 
14-Dec-15
 
7
Site Dump
 
1
 
Site
 
646
 
15-Sep-15
 
18
Site Housing
 
1
 
Site
 
573
 
17-Mar-15
 
23
Site Housing
 
1
 
Site
 
645
 
15-Sep-15
 
8
Site Magazine
 
1
 
Site
 
578
 
14-Dec-15
 
29
Site Slimes
 
1
 
Site
 
613
 
21-Mar-15
 
28
Blanket Exploration
                   
Penzance
 
3
 
Base
 
11264BM,11265BM,8838BM
 
07-Jan-15
 
99
Bunny's Luck
 
6
 
Base
 
10443-48BM
 
15-Jan-15
 
150
Cinderella
 
5
 
Base
 
11122-23BM,10824-26BM
 
19-Jan-15
 
428
Eagle 16
 
1
 
Base
 
11266BM
 
21-Jan-15
 
51
Spruit
 
5
 
Base
 
10623-24BM,GA532-4BM
 
24-Feb-15
 
388
Shakeshake
 
3
 
Base
 
10625-27BM
 
24-Feb-15
 
288
Surprise
 
2
 
Base
 
10628-29BM
 
24-Feb-15
 
196
Abercorn
 
2
 
Base
 
11269BM,10602BM
 
11-May-15
 
216
Banshee
 
1
 
Base
 
11093BM
 
14-Jul-15
 
135
Dan's Luck South
 
3
 
Base
 
GA537-38BM,11268BM
 
11-Mar-15
 
135
Abercorn
 
1
 
Gold
 
32251
 
28-Apr-15
 
10
 
 
 

 
 
Annette
 
3
 
Gold
 
GA3258-60
 
03-Apr-16
 
24
Dan's Luck
 
2
 
Gold
 
32776,GA3769B
 
13-May-15
 
18
Eagle Hawk
 
1
 
Gold
 
30544
 
08-Oct-16
 
10
GG
 
7
 
Gold
 
GA3769-75
 
06-Jul-16
 
162.9
Gum
 
2
 
Gold
 
GA3060-61
 
10-Oct-16
 
12
Lincoln
 
1
 
Gold
 
30548
 
01-Oct-16
 
10
Mascot
 
3
 
Gold
 
GA583,29657,32756
 
03-May-16
 
30
Mazeppa
 
1
 
Gold
 
32769
 
26-May-15
 
3
Rubicon
 
23
 
Gold
 
34519-20,34794-805,34913-21
 
23-Jan-16
 
220
Valentine
 
3
 
Gold
 
GA2994-96
 
11-Jul-16
 
30
Vulture
 
2
 
Gold
 
5031, 8106
 
13-Jan-16
 
20
Will South
 
1
 
Gold
 
33143
 
30-Sep-15
 
5
Site
 
1
 
Site
 
649
 
08-May-15
 
4
Site
 
1
 
Site
 
607
 
24-Sep-15
 
1
Site
 
1
 
Site
 
608
 
24-Sep-15
 
1
Site
 
1
 
Site
 
609
 
24-Sep-15
 
1
Site
 
1
 
Site
 
610
 
24-Sep-15
 
1
Site
 
1
 
Site
 
512
 
31-Dec-15
 
1
Bubi Claims
                   
Stu
 
4
 
Base
 
12072-74BM,12021BM
 
07-Jan-13
 
495
Chikosi
 
7
 
Base
 
12011-17BM
 
30-Jan-13
 
499.5
Sandy
 
2
 
Base
 
12018-19BM
 
30-Jan-13
 
300
Ruswayi
 
6
 
Base
 
12022-27BM
 
30-Jan-13
 
544
Lonely
 
5
 
Base
 
12028-30BM,12075-76BM
 
02-Feb-13
 
670
Spawn
 
3
 
Base
 
12031-33BM
 
30-Jan-13
 
311
Kadoma Claims
                   
Goldern Donkey
 
2
 
Gold
 
1254-55
 
18-Mar-13
 
8
Headley NE
 
3
 
Gold
 
1256-58
 
18-Mar-13
 
30
Harare
                   
Apollo
 
27
 
Gold
 
17438-46,28665-79,28734-36
 
27-Sep-13
 
208
Electra
 
1
 
Base
 
19482BM
 
13-Mar-13
 
12
Apollo
 
3
 
Base
 
28382-84BM
 
27-Sep-13
 
96
Avlin
 
15
 
Gold
 
28030-28044
 
08-Sep-13
 
117
TOTAL
 
419
             
8793.96
Exploration claims
               
                     
GG-GG6, GGA-GGE
 
11
 
Gold
 
GA651,GA942-51
 
06-Jul-16
 
110