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