# EDGAR Filing Document

**Accession Number:** 0000766011
**File Stem:** 0001171843-25-006143
**Filing Date:** 2025-9
**Character Count:** 93522
**Document Hash:** 5f637481519af83b76f3323c0dc4e710
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001171843-25-006143.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0001171843-25-006143

**CONFORMED SUBMISSION TYPE**: SD

**PUBLIC DOCUMENT COUNT**: 13

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Caledonia Mining Corp Plc
- **CENTRAL INDEX KEY:** 0000766011
- **STANDARD INDUSTRIAL CLASSIFICATION:** GOLD & SILVER ORES [1040]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SD
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38164
- **FILM NUMBER:** 251354816

**BUSINESS ADDRESS:**
- **STREET 1:** B006 MILLAIS HOUSE
- **STREET 2:** CASTLE QUAY
- **CITY:** ST HELIER
- **STATE:** Y9
- **ZIP:** JE2 3NF
- **BUSINESS PHONE:** 447797824164

**MAIL ADDRESS:**
- **STREET 1:** B006 MILLAIS HOUSE
- **STREET 2:** CASTLE QUAY
- **CITY:** ST HELIER
- **STATE:** Y9
- **ZIP:** JE2 3NF

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALEDONIA MINING CORP
- **DATE OF NAME CHANGE:** 19950606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GOLDEN NORTH RESOURCE CORP
- **DATE OF NAME CHANGE:** 19920302

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM SD**

**Specialized Disclosure Report**

**CALEDONIA MINING CORPORATION PLC**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Jersey, Channel Islands** | **001-38164** | **Not applicable** |
| (State or other jurisdiction of<br> incorporation or organization) | (Commission File Number) | (IRS Employer<br> Identification No.) |

---

---

| | |
|:---|:---|
| **B006 Millais House**<br> **Castle Quay**<br> **St Helier**<br> **Jersey** | **JE2 3EF** |
| (Address of principal executive offices) | (Zip Code) |

---

**Mark Learmonth**

**44 1534 679800**

(Name and telephone number, including area code, of person to contact in connection with this report)

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:

☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ___________.

☒ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2024.

------

**SECTION 1** – **CONFLICT MINERALS DISCLOSURE**

**Item 1.01 - Conflict Minerals Disclosure and Report**

Not applicable

**Item 1.02 - Exhibit**

Not applicable

**SECTION 2** – **RESOURCE EXTRACTION ISSUER DISCLOSURE**

**Item 2.01 Resource Extraction Issuer Disclosure and Report**

**Disclosure of Payments of Resource Extraction Issuers**

The specified payment disclosure required by this Form is included as Exhibit 2.01 to this Specialized Disclosure Report on Form SD.

**SECTION 3** – **EXHIBITS**

**Item 3.01. Exhibits**

The following exhibit is filed as part of this report.

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| [2.01](ex_859775.htm) | [Resource Extraction Payment Report for the year ended December 31, 2024](ex_859775.htm) |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned.

---

| | | |
|:---|:---|:---|
| **CALEDONIA MINING CORPORATION PLC** | **CALEDONIA MINING CORPORATION PLC** | **CALEDONIA MINING CORPORATION PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp;By:  | &nbsp;&nbsp;&nbsp;&nbsp;*/s/ Mark Learmonth* | September 29, 2025 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Mark Learmonth | (Date) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer |  |

---

## Ex-2

**Exhibit 2.01**

**<u>Payments by Government in USD</u>**

**Reporting entity Name:** Caledonia Mining Corporation Plc

**For the period:** 1 January 2024 to 31 December 2024

**Reporting currency:** U.S. Dollar

The table below sets forth our payments made to governments for the fiscal year ended December 31, 2024, by government and type of payment:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Segment** | **Resource** | **Country** | **Agency** | **Taxes** | **Royalties** | **Dividends** | **Fees** | **Total payments** | **Notes** |
| Blanket | Gold | Zimbabwe | Zimbabwe Revenue Authority | 14828907 | 9080914 | - | - | **23909821** | All amounts are stated in United States Dollar ("USD"):<br> \* Taxes payments were made in USD (USD 5,244,584), Zimbabwean Dollar ("ZWD") (ZWD 17,895,488,320) and Zimbabwe Gold ("ZiG") (ZiG 156,431,442). Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:15,787.76 (USD:ZWD) and 1:18.51 (USD:ZiG) for the year reported on.<br>\*\* Royalties payments were made in USD (USD 5,448,548), ZWD (ZWD 10,932,009,417) and ZiG (ZiG 52,307,729) . Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively, by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:14,438.64 (USD:ZWD) and 1:18.19 (USD:ZiG) for the year reported on.<br>|
|  | Gold | Zimbabwe | Ministry of Mines | - | - | - | 180923 | **180923** | \* Fees payments were made in Zimbabwean Dollar ("ZWD") (ZWD 406,455,074) and Zimbabwean Gold ("ZiG") (ZiG 3,961,540) . Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively, by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:12,955.16 (USD:ZWD) and 1: 26.49 (USD: ZiG) for the year reported on.<br>|
|  | Gold | Zimbabwe | National Indigenisation and Economic Empowerment Fund<br>| - | - | 184000 | - | **184000** | All amounts are stated and paid in United States Dollar ("USD"). |
| E&E Projects | Gold | Zimbabwe | Ministry of Mines | - | - | - | 66075 | **66075** | \* Fees payments were made in Zimbabwean Gold ("ZiG") (ZiG884,153) . Payments made in ZiG were converted to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates).<br>|
| Bilboes (Oxide mine) | Gold | Zimbabwe | Zimbabwe Revenue Authority | 167877 | 182470 | - | - | **350347** | All amounts are stated in United States Dollar ("USD"):<br> \* Taxes payments were made in USD (USD 158,756), Zimbabwean Dollar ("ZWD") (ZWD 32,929,887) and Zimbabwe Gold ("ZiG") (ZiG 137,578). Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively, by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:15,723.61 (USD:ZWD) and 1:19.58 (USD:ZiG) for the year reported on.<br>\*\*Royalties all amounts are stated and paid in United States Dollar ("USD").<br>|
|  | Gold | Zimbabwe | Ministry of Mines | - | - | -  | &nbsp;&nbsp;&nbsp;&nbsp;173915 | **173915**  | \* Fees payments were made in Zimbabwean Dollar ("ZWD") (ZWD 543,705,066) and Zimbabwean Gold ("ZiG") (ZiG 3,491,601) . Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively, by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:18,479.79 (USD:ZWD) and 1: 24.16 (USD: ZiG) for the year reported on.<br>|
| Corporate | Gold | Zimbabwe | Zimbabwe Revenue Authority<br>| 160000 | - | - | - | **160000**  | All amounts are stated and paid in United States Dollar ("USD"). |
| **Total Zimbabwe** | **Total Zimbabwe** | **Total Zimbabwe** | **Total Zimbabwe** | **15156784** | **9263384** | **184000** | **420913** | **25025081** |  |
| South-Africa | Gold | South- Africa | South African Revenue Authority | 618167 |  |  |  | **618167**  | All amounts are stated in United States Dollar ("USD"):<br> \* Taxes payments were made in South African Rand {"ZAR") (ZAR 11,426,289). Payments made in ZAR were converted from ZAR to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Sout Africa (https://www.resbank.co.za/en/home/what-we-do/statistics/key-statistics/selected-historical-ratess). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 18.48 (USD:ZAR) for the year reported on.<br>|
| **Total South-Africa** | **Total South-Africa** | **Total South-Africa** | **Total South-Africa** | &nbsp;&nbsp;&nbsp;&nbsp;**618167**  | **-**  | **-**  | **-** | **618167** |  |
| **Grand total** | **Grand total** | **Grand total** | **Grand total** | **15774951**  | **9263384**  | **184000**  | **420913** | **25643248** |  |

---

*\* Rounding of figures may result in computational differences*

------

**<u>Payments by project in USD</u>**

**Reporting entity Name:** Caledonia Mining Corporation Plc

**For the period:** 1 January 2024 to 31 December 2024

**Reporting currency:** U.S. Dollar

The table below sets forth our payments to governments for the fiscal year ended December 31, 2024, by project and type of payment:

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Segment** | **Resource** | **Country** | **Subnational Political Jurisdiction** | **Project** | **Method of Extraction** | **Taxes** | **Royalties** | **Dividends** | **Fees** | **Total payments** | **Notes** |
| Blanket | Gold | Zimbabwe | Matabeleland South | Blanket Mine | Underground | 14828907 | 9080914 | 184000 | 180923 | **24274744** | All amounts are stated in United States Dollar ("USD"):<br> \* Taxes payments were made in USD (USD 5,244,584), Zimbabwean Dollar ("ZWD") (ZWD 17,895,488,320) and Zimbabwe Gold ("ZiG") (ZiG 156,431,442). Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:15,787.76 (USD:ZWD) and 1:18.51 (USD:ZiG) for the year reported on.<br>\*\* Royalties payments were made in USD (USD 5,448,548), ZWD (ZWD 10,932,009,417) and ZiG (ZiG 52,307,729) . Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively, by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:14,438.64 (USD:ZWD) and 1:18.19 (USD:ZiG) for the year reported on.<br>\*\*\* Dividend payments were made in United States Dollar ("USD").<br>Fees payments were made in Zimbabwean Dollar ("ZWD") (ZWD 406,455,074) and Zimbabwean Gold ("ZiG") (ZiG 3,961,540) . Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively, by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:12,955.16 (USD:ZWD) and 1: 26.49 (USD: ZiG) for the year reported on.<br>|
| Corporate | Gold | Zimbabwe | Bulawayo | Caledonia Holdings Zimbabwe (Private) Limited | Underground | 160000 | - | - | - | **160000** | All amounts are stated and paid in United States Dollar ("USD"). |
| Bilboes (Oxide mine) | Gold | Zimbabwe | Matabeleland North | Bilboes (Oxide mine) | Open pit | 167877 | 182470 | - | 173915 | **524262** | All amounts are stated in United States Dollar ("USD"):<br> \* Taxes payments were made in USD (USD 158,756), Zimbabwean Dollar ("ZWD") (ZWD 32,929,887) and Zimbabwe Gold ("ZiG") (ZiG 137,578). Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively, by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:15,723.61 (USD:ZWD) and 1:19.58 (USD:ZiG) for the year reported on.<br>\*\*Royalties all amounts are stated and paid in United States Dollar ("USD").<br>\*\*\* Fees payments were made in Zimbabwean Dollar ("ZWD") (ZWD 543,705,066) and Zimbabwean Gold ("ZiG") (ZiG 3,491,601) . Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively, by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:18,479.79 (USD:ZWD) and 1: 24.16 (USD: ZiG) for the year reported on.<br>|
| E&E Projects | Gold | Zimbabwe | Matabeleland North | Motapa | Open pit |  |  |  | 66075 | **66075** | \* Fees payments were made in Zimbabwean Gold ("ZiG") (ZiG884,153) . Payments made in ZiG were converted to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). |
| South-Africa | Gold | South-Africa | Gauteng | Caledonia Mining South Africa Proprietary Limited | Underground | 618167 | - | - | - | **618167** | All amounts are stated in United States Dollar ("USD"):<br> \* Taxes payments were made in South African Rand {"ZAR") (ZAR 11,426,289). Payments made in ZAR were converted from ZAR to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Sout Africa (https://www.resbank.co.za/en/home/what-we-do/statistics/key-statistics/selected-historical-ratess). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 18.48 (USD:ZAR) for the year reported on. |
| **Total payments** |  |  |  |  |  | **15774951** | **9263384** | **184000** | **420913** | **25643248** |  |

---

*\* Rounding of figures may result in computational differences*

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    <rxp:Sg contextRef="From2024-01-012024-12-31_10">cik766011:SouthAfricaMember</rxp:Sg>
    <rxp:M contextRef="From2024-01-012024-12-31_1">Underground Mining</rxp:M>
    <rxp:M contextRef="From2024-01-012024-12-31_2">Underground Mining</rxp:M>
    <rxp:M contextRef="From2024-01-012024-12-31_3">Underground Mining</rxp:M>
    <rxp:M contextRef="From2024-01-012024-12-31_4">Underground Mining</rxp:M>
    <rxp:M contextRef="From2024-01-012024-12-31_5">Underground Mining</rxp:M>
    <rxp:M contextRef="From2024-01-012024-12-31_6">Open Pit</rxp:M>
    <rxp:M contextRef="From2024-01-012024-12-31_7">Open Pit</rxp:M>
    <rxp:M contextRef="From2024-01-012024-12-31_8">Open Pit</rxp:M>
    <rxp:M contextRef="From2024-01-012024-12-31_9">Open Pit</rxp:M>
    <rxp:M contextRef="From2024-01-012024-12-31_10">Underground Mining</rxp:M>
    <rxp:AlternativeReportingRegime contextRef="From2024-01-01to2024-12-31">NR</rxp:AlternativeReportingRegime>
</xbrli:xbrl>
</XBRL>

```

## Exhibit 2.01

```

<XBRL>
<?xml version="1.0" encoding="US-ASCII" ?>
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    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Source; Value: Caledonia Mining.xfr; Date: 2025%2D09%2D29T17:38:54Z -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
    <!-- Field: Doc-Info; Name: Misc; Value: 8aspw7xRiXgOn8uCbHJcOaqMeaPtwpR7aekhsW12HQn6TyMl7Y+JuyVYkjWWYdkK -->
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            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_GoldMember" xlink:to="cik766011_GoldMember_doc" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="cik766011_GoldMember_doc" xml:lang="en-US">Gold [Member]</link:label>
            <link:loc xlink:type="locator" xlink:href="cik766011-20241231.xsd#cik766011_BlanketMember" xlink:label="cik766011_BlanketMember" />
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_BlanketMember" xlink:to="cik766011_BlanketMember_doc" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="cik766011_BlanketMember_doc" xml:lang="en-US">Blanket [Member]</link:label>
            <link:loc xlink:type="locator" xlink:href="cik766011-20241231.xsd#cik766011_MetabelelandSouthMember" xlink:label="cik766011_MetabelelandSouthMember" />
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_MetabelelandSouthMember" xlink:to="cik766011_MetabelelandSouthMember_doc" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="cik766011_MetabelelandSouthMember_doc" xml:lang="en-US">Metabeleland South [Member]</link:label>
            <link:loc xlink:type="locator" xlink:href="cik766011-20241231.xsd#cik766011_CorporateMember" xlink:label="cik766011_CorporateMember" />
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_CorporateMember" xlink:to="cik766011_CorporateMember_doc" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="cik766011_CorporateMember_doc" xml:lang="en-US">Corporate [Member]</link:label>
            <link:loc xlink:type="locator" xlink:href="cik766011-20241231.xsd#cik766011_SegmentBilboesOxidemineMember" xlink:label="cik766011_SegmentBilboesOxidemineMember" />
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_SegmentBilboesOxidemineMember" xlink:to="cik766011_SegmentBilboesOxidemineMember_doc" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="cik766011_SegmentBilboesOxidemineMember_doc" xml:lang="en-US">Bilboes (Oxide mine) [Member]</link:label>
            <link:loc xlink:type="locator" xlink:href="cik766011-20241231.xsd#cik766011_MetebelelandNorthMember" xlink:label="cik766011_MetebelelandNorthMember" />
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_MetebelelandNorthMember" xlink:to="cik766011_MetebelelandNorthMember_doc" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="cik766011_MetebelelandNorthMember_doc" xml:lang="en-US">Metebeleland North [Member]</link:label>
            <link:loc xlink:type="locator" xlink:href="cik766011-20241231.xsd#cik766011_MetabelelandNouthMember" xlink:label="cik766011_MetabelelandNouthMember" />
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_MetabelelandNouthMember" xlink:to="cik766011_MetabelelandNouthMember_doc" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="cik766011_MetabelelandNouthMember_doc" xml:lang="en-US">Metabeleland Nouth [Member]</link:label>
            <link:loc xlink:type="locator" xlink:href="cik766011-20241231.xsd#cik766011_EEProjectsMember" xlink:label="cik766011_EEProjectsMember" />
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_EEProjectsMember" xlink:to="cik766011_EEProjectsMember_doc" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="cik766011_EEProjectsMember_doc" xml:lang="en-US">EE Projects [Member]</link:label>
            <link:loc xlink:type="locator" xlink:href="cik766011-20241231.xsd#cik766011_SouthAfricaMember" xlink:label="cik766011_SouthAfricaMember" />
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_SouthAfricaMember" xlink:to="cik766011_SouthAfricaMember_doc" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="cik766011_SouthAfricaMember_doc" xml:lang="en-US">South-Africa [Member]</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_CountrySouthAfricaMember" xlink:to="cik766011_CountrySouthAfricaMember_doc" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="cik766011_CountrySouthAfricaMember_doc" xml:lang="en-US">South-Africa [Member]</link:label>
            <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/snj/2025/snj-2025.xsd#snj_ZW-BU" xlink:label="snj_ZW-BU" />
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="snj_ZW-BU" xlink:to="snj_ZW-BU_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="snj_ZW-BU_lbl" xml:lang="en-US">Bulawayo</link:label>
            <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/snj/2025/snj-2025.xsd#snj_ZA-GP" xlink:label="snj_ZA-GP" />
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="snj_ZA-GP" xlink:to="snj_ZA-GP_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="snj_ZA-GP_lbl" xml:lang="en-US">Gauteng</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_BlanketMineMember" xlink:to="cik766011_BlanketMineMember_3_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik766011_BlanketMineMember_3_lbl" xml:lang="en-US">Blanket Mine</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_CaledoniaHoldingsZimbabwePrivateLimitedMember" xlink:to="cik766011_CaledoniaHoldingsZimbabwePrivateLimitedMember_3_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik766011_CaledoniaHoldingsZimbabwePrivateLimitedMember_3_lbl" xml:lang="en-US">Caledonia Holdings Zimbabwe (Private) Limited</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_BilboesOxidemineMember" xlink:to="cik766011_BilboesOxidemineMember_3_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik766011_BilboesOxidemineMember_3_lbl" xml:lang="en-US">Bilboes (Oxide mine)</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_MotapaMember" xlink:to="cik766011_MotapaMember_3_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik766011_MotapaMember_3_lbl" xml:lang="en-US">Motapa</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_CaledoniaMiningSouthAfricaProprietaryLimitedMember" xlink:to="cik766011_CaledoniaMiningSouthAfricaProprietaryLimitedMember_3_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik766011_CaledoniaMiningSouthAfricaProprietaryLimitedMember_3_lbl" xml:lang="en-US">Caledonia Mining South Africa Proprietary Limited</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_ZimbabweRevenueAuthorityMember" xlink:to="cik766011_ZimbabweRevenueAuthorityMember_3_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik766011_ZimbabweRevenueAuthorityMember_3_lbl" xml:lang="en-US">Zimbabwe Revenue Authority</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_NationalIndigenisationandEconomicEmpowermentFundMember" xlink:to="cik766011_NationalIndigenisationandEconomicEmpowermentFundMember_3_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik766011_NationalIndigenisationandEconomicEmpowermentFundMember_3_lbl" xml:lang="en-US">National Indigenisation and Economic Empowerment Fund</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_MinistryofMinesMember" xlink:to="cik766011_MinistryofMinesMember_3_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik766011_MinistryofMinesMember_3_lbl" xml:lang="en-US">Ministry of Mines</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_SouthAfricanRevenueAuthorityMember" xlink:to="cik766011_SouthAfricanRevenueAuthorityMember_3_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik766011_SouthAfricanRevenueAuthorityMember_3_lbl" xml:lang="en-US">South African Revenue Authority</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_GoldMember" xlink:to="cik766011_GoldMember_2_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik766011_GoldMember_2_lbl" xml:lang="en-US">Gold</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_BlanketMember" xlink:to="cik766011_BlanketMember_2_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik766011_BlanketMember_2_lbl" xml:lang="en-US">Blanket</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_MetabelelandSouthMember" xlink:to="cik766011_MetabelelandSouthMember_2_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik766011_MetabelelandSouthMember_2_lbl" xml:lang="en-US">Metabeleland South</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_CorporateMember" xlink:to="cik766011_CorporateMember_2_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik766011_CorporateMember_2_lbl" xml:lang="en-US">Corporate</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_SegmentBilboesOxidemineMember" xlink:to="cik766011_SegmentBilboesOxidemineMember_2_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik766011_SegmentBilboesOxidemineMember_2_lbl" xml:lang="en-US">Bilboes (Oxide mine)</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_MetebelelandNorthMember" xlink:to="cik766011_MetebelelandNorthMember_2_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik766011_MetebelelandNorthMember_2_lbl" xml:lang="en-US">Metebeleland North</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_MetabelelandNouthMember" xlink:to="cik766011_MetabelelandNouthMember_2_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik766011_MetabelelandNouthMember_2_lbl" xml:lang="en-US">Metabeleland Nouth</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_EEProjectsMember" xlink:to="cik766011_EEProjectsMember_2_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik766011_EEProjectsMember_2_lbl" xml:lang="en-US">EE Projects</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_SouthAfricaMember" xlink:to="cik766011_SouthAfricaMember_2_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik766011_SouthAfricaMember_2_lbl" xml:lang="en-US">South-Africa</link:label>
            <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik766011_CountrySouthAfricaMember" xlink:to="cik766011_CountrySouthAfricaMember_3_lbl" xlink:type="arc" />
            <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik766011_CountrySouthAfricaMember_3_lbl" xml:lang="en-US">South-Africa</link:label>
          </link:labelLink>
          <link:roleRef xlink:type="simple" xlink:href="https://xbrl.sec.gov/rxp/2025/rxp-2025.xsd#PaymentTypesOnly" roleURI="http://xbrl.sec.gov/rxp/role/PaymentTypesOnly" />
          <link:roleRef xlink:type="simple" xlink:href="https://xbrl.sec.gov/rxp/2025/rxp-2025.xsd#SegmentsOnly" roleURI="http://xbrl.sec.gov/rxp/role/SegmentsOnly" />
          <link:roleRef xlink:type="simple" xlink:href="https://xbrl.sec.gov/rxp/2025/rxp-2025.xsd#EntitiesOnly" roleURI="http://xbrl.sec.gov/rxp/role/EntitiesOnly" />
          <link:roleRef xlink:type="simple" xlink:href="https://xbrl.sec.gov/rxp/2025/rxp-2025.xsd#ProjectsOnly" roleURI="http://xbrl.sec.gov/rxp/role/ProjectsOnly" />
          <link:roleRef xlink:type="simple" xlink:href="https://xbrl.sec.gov/rxp/2025/rxp-2025.xsd#GovernmentsOnly" roleURI="http://xbrl.sec.gov/rxp/role/GovernmentsOnly" />
          <link:roleRef xlink:type="simple" xlink:href="https://xbrl.sec.gov/rxp/2025/rxp-2025.xsd#ResourcesOnly" roleURI="http://xbrl.sec.gov/rxp/role/ResourcesOnly" />
          <link:roleRef xlink:type="simple" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country" roleURI="http://xbrl.sec.gov/country/role/document/Country" />
          <link:roleRef xlink:type="simple" xlink:href="https://xbrl.sec.gov/snj/2025/snj-2025.xsd#snj" roleURI="http://xbrl.sec.gov/snj/role/document/SubnationalJurisdiction" />
          <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension" arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" />
          <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" />
          <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member" arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" />
          <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all" arcroleURI="http://xbrl.org/int/dim/arcrole/all" />
          <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#notAll" arcroleURI="http://xbrl.org/int/dim/arcrole/notAll" />
          <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" />
          <link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/country/role/document/Country">
            <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_AllCountriesDomain" xlink:label="loc_countryAllCountriesDomain" />
            <link:loc xlink:type="locator" xlink:href="cik766011-20241231.xsd#cik766011_CountrySouthAfricaMember" xlink:label="loc_cik766011CountrySouthAfricaMember" />
            <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_countryAllCountriesDomain" xlink:to="loc_cik766011CountrySouthAfricaMember" xlink:type="arc" order="1000" />
          </link:definitionLink>
          <link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/rxp/role/ResourcesOnly">
            <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/rxp/2025/rxp-2025.xsd#rxp_AllResourcesMember" xlink:label="loc_rxpAllResourcesMember" />
            <link:loc xlink:type="locator" xlink:href="cik766011-20241231.xsd#cik766011_GoldMember" xlink:label="loc_cik766011GoldMember" />
            <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rxpAllResourcesMember" xlink:to="loc_cik766011GoldMember" xlink:type="arc" order="1001" />
          </link:definitionLink>
          <link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/rxp/role/SegmentsOnly">
            <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/rxp/2025/rxp-2025.xsd#rxp_AllSegmentsMember" xlink:label="loc_rxpAllSegmentsMember" />
            <link:loc xlink:type="locator" xlink:href="cik766011-20241231.xsd#cik766011_SouthAfricaMember" xlink:label="loc_cik766011SouthAfricaMember" />
            <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rxpAllSegmentsMember" xlink:to="loc_cik766011SouthAfricaMember" xlink:type="arc" order="1002" />
            <link:loc xlink:type="locator" xlink:href="cik766011-20241231.xsd#cik766011_EEProjectsMember" xlink:label="loc_cik766011EEProjectsMember" />
            <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rxpAllSegmentsMember" xlink:to="loc_cik766011EEProjectsMember" xlink:type="arc" order="1003" />
            <link:loc xlink:type="locator" xlink:href="cik766011-20241231.xsd#cik766011_SegmentBilboesOxidemineMember" xlink:label="loc_cik766011SegmentBilboesOxidemineMember" />
            <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rxpAllSegmentsMember" xlink:to="loc_cik766011SegmentBilboesOxidemineMember" xlink:type="arc" order="1004" />
            <link:loc xlink:type="locator" xlink:href="cik766011-20241231.xsd#cik766011_CorporateMember" xlink:label="loc_cik766011CorporateMember" />
            <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rxpAllSegmentsMember" xlink:to="loc_cik766011CorporateMember" xlink:type="arc" order="1005" />
            <link:loc xlink:type="locator" xlink:href="cik766011-20241231.xsd#cik766011_BlanketMember" xlink:label="loc_cik766011BlanketMember" />
            <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_rxpAllSegmentsMember" xlink:to="loc_cik766011BlanketMember" xlink:type="arc" order="1006" />
          </link:definitionLink>
          <link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/snj/role/document/SubnationalJurisdiction">
            <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/snj/2025/snj-2025.xsd#snj_AllSubnationalJurisdictionsDomain" xlink:label="loc_snjAllSubnationalJurisdictionsDomain" />
            <link:loc xlink:type="locator" xlink:href="cik766011-20241231.xsd#cik766011_MetabelelandNouthMember" xlink:label="loc_cik766011MetabelelandNouthMember" />
            <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_snjAllSubnationalJurisdictionsDomain" xlink:to="loc_cik766011MetabelelandNouthMember" xlink:type="arc" order="1007" />
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    <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
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</schema>
</XBRL>

```