EX-8.1 5 exh_81.htm EXHIBIT 8.1

Exhibit 8.1

List of Caledonia Mining Corporation Plc group entities

|  | Country of incorporation |  | Legal shareholding (year end)
|  |  |  |  | 2019 |  |  |  | 2018 |  |  |  | 2017 |
Subsidiaries within the Caledonia Mining Corporation Plc Group |  |  |  |  | % |  |  |  | % |  |  |  | % |
Caledonia Holdings Zimbabwe (Private) Limited (1) |  | Zimbabwe |  |  | 100 |  |  |  | 100 |  |  |  | 100 |
Caledonia Mining Services Limited (2) |  | Zimbabwe |  |  | 100 |  |  |  | 100 |  |  |  | 100 |
Eersteling Gold Mining Corporation Limited |  | South Africa |  |  | - |  |  |  | 100 |  |  |  | 100 |
Fintona Investments Proprietary Limited |  | South Africa |  |  | 100 |  |  |  | 100 |  |  |  | 100 |
Caledonia Mining South Africa Proprietary Limited (1) |  | South Africa |  |  | 100 |  |  |  | 100 |  |  |  | 100 |
Greenstone Management Services Holdings Limited (3) |  | United Kingdom |  |  | 100 |  |  |  | 100 |  |  |  | 100 |
Caledonia Holdings (Africa) Limited |  | Barbados |  |  | - |  |  |  | - |  |  |  | 100 |
Blanket (Barbados) Holdings Limited (4) |  | Barbados |  |  | - |  |  |  | - |  |  |  | 100 |
Blanket Mine (1983) (Private) Limited(2) |  | Zimbabwe |  |  | 49 |  |  |  | 49 |  |  |  | 49 |

| (1) | Direct subsidiary of Greenstone Management Services Holdings Limited (United Kingdom)

| (2) | Direct subsidiary of Caledonia Holdings Zimbabwe (Private) Limited

| (3) | Direct subsidiary of Blanket (Barbados) Holdings Limited

| (4) | Direct subsidiary of Caledonia Holdings (Africa) Limited