Exhibit 8.1

List of Caledonia Mining Corporation Plc group entities

	Country of incorporation	Legal shareholding (year end)
		2021	2020	2019
Subsidiaries within the Caledonia Mining Corporation Plc Group		%	%	%
Caledonia Holdings Zimbabwe (Private) Limited ⁽¹⁾	Zimbabwe	100	100	100
Caledonia Mining Services (Private) Limited ⁽²⁾	Zimbabwe	100	100	100
Eersteling Gold Mining Corporation Limited	South Africa	-	-	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	United Kingdom	100	100	100
Blanket Mine (1983) (Private) Limited ⁽²⁾	Zimbabwe	64	64	49
Caledonia (Connemara) (Pvt) Limited ⁽²⁾	Zimbabwe	100	-	-
Caledonia (Maligreen) (Pvt) Limited ⁽²⁾	Zimbabwe	100	-	-

(1)

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

(2)

Direct subsidiary of Caledonia Holdings Zimbabwe (Private) Limited until 2020