REG - Shuka Minerals PLC - Result of AGM and Directorate Changes

Shuka MineralsAnnouncement

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RNS Number : 0734A  Shuka Minerals PLC  10 April 2026

10 April 2026

Shuka Minerals Plc

("Shuka'' or the "Company")

Result of AGM and Directorate Changes

Shuka Minerals Plc (AIM/AltX: SKA), an African focused mine operator and
developer, announces (i) at the Annual General Meeting ("AGM") of the Company
held earlier today, all resolutions were duly passed, and (ii) the following
directorate changes to the Company's Board with immediate effect.

The Company announces that following the conclusion of the AGM, Marcel Nally
and Quinton van der Burgh have stepped down from the Board with immediate
effect.  Marcel will remain as a technical consultant to the Company. Edward
Ruheni did not stand for re-election at the AGM.

The results of the voting at the Annual General Meeting will shortly be
available on the Company's website at: https://www.shukaminerals.com/
(https://www.shukaminerals.com/)

About Shuka Minerals:

Shuka Minerals plc is a dynamic and innovative mining and development company,
committed to exploring and harnessing Africa's mineral resources. Shuka's
focus lies in the acquisition and development of valuable minerals, aiming to
contribute to the sustainable growth and development of local communities.

Shuka has an operating coal mine in Tanzania, which capacity is under
consideration for upgrading by management depending on funding and strategic
direction.

 

The Company has completed the purchase of 100% of Leopard Exploration and
Mining Limited's ("LEM") share capital. LEM is the registered holder of a 33.3
sq km large-scale mining license 12848-HQ-LML issued in December 2014 for a
period of 25 years, and which includes the historical Kabwe Mine located in
central Zambia, approx. 110km north of the capital city of Lusaka.

 

The Kabwe Mine was previously operated Zambia Consolidated Copper Mines
Limited along with Anglo American Technical Services and was mined
continuously for 88 years until its closure in 1994, due to the commodity
prices at the time. It was ranked as one of the world's highest-grade zinc and
lead mining operations and is considered one of the most famous mines in
Africa, holding a position of national economic importance in Zambia.

 

With sufficient funding, the Company is commencing a 3-phase exploration and
development programme at the Kabwe Mine as part of its plans to re-commence
both open-pit and underground mining and processing operations.

 

Shuka is also considering projects in Zambia, South Africa, and other African
countries that are rich in copper, lead, and zinc.

 

The Directors of Shuka are responsible for the contents of this announcement.

ENDS

Shuka Minerals plc has its primary listing on the London Stock Exchange (AIM)
and a secondary listing on the AltX of the JSE Limited.

 

For enquiries contact:

 

 Shuka Minerals Plc                                     +44 (0)7990 503 007

 Richard Lloyd,

 Chief Executive Officer

 Nominated Adviser                                      +44 (0)20 7213 0880

 Cairn Financial Advisers LLP,

 Sandy Jamieson / Ludovico Lazzaretti / James Western

 JSE Sponsor & Listing Advisor                          +27 (11) 480 8500

 AcaciaCap Advisors Proprietary Limited

 Michelle Krastanov

 Broker                                                 +44 (0)20 7100 5100

 Tavira Financial Limited

 Oliver Stansfield / Jonathan Evans

 Investor Relations                                     +254 746 849 110

 Faith Kinyanjui Mumbi

 

Caution:

Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified by their use of
terms and phrases such as ''believe'', ''could'', "should" ''envisage'',
''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect",
''will'' or the negative of those, variations or comparable expressions,
including references to assumptions. These forward-looking statements are not
based on historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of operations,
performance, future capital and other expenditures (including the amount,
nature and sources of funding thereof), competitive advantages, business
prospects and opportunities. Such forward looking statements reflect the
Directors' current beliefs and assumptions and are based on information
currently available to the Directors.

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