EX-8.1 11 ex_501914.htm EXHIBIT 8.1

Exhibit 8.1

List of Caledonia Mining Corporation Plc group entities

| Country of incorporation |  | Legal shareholding (year end) |
|  |  | 2020 |  |  | 2021 |  |  | 2022 |
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 |
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 (3) | Zimbabwe |  |  | 64 |  |  |  | 64 |  |  |  | 64 |
Caledonia (Connemara) (Pvt) Limited (3) | Zimbabwe |  |  | - |  |  |  | 100 |  |  |  | 100 |
Caledonia (Maligreen) (Pvt) Limited (3) | Zimbabwe |  |  | - |  |  |  | 100 |  |  |  | 100 |
Motapa Mining Company UK Limited | United Kingdom |  |  | - |  |  |  | - |  |  |  | 100 |
Arraskar Investments (Private) Limited (4) | Zimbabwe |  |  | - |  |  |  | - |  |  |  | 100 |
Bilboes Gold Limited | Mauritius |  |  | - |  |  |  | - |  |  |  | 100 |
Bilboes Holdings (Private) Limited (5) | Zimbabwe |  |  | - |  |  |  | - |  |  |  | 100 |
Caledonia Mining FZCO (1) | Dubai |  |  | - |  |  |  | - |  |  |  | 100 |

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

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

3. | Direct subsidiary of Caledonia Holdings Zimbabwe (Private) Limited

4. | Direct subsidiary of Motapa Mining Company UK Limited

5. | Direct subsidiary of Bilboes Gold Limited