EX-15.2 10 exh15_2.htm EXHIBIT 15.2
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