REG - Shuka Minerals PLC - Results of Field Samples at Kabwe Mine

Shuka MineralsAnnouncement

25/02/2026 07:00

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RNS Number : 2229U  Shuka Minerals PLC  25 February 2026

25 February 2026

 

Shuka Minerals Plc

("Shuka'' or the "Company")

 

Results of Field Samples at Kabwe Mine

 

Shuka Minerals Plc (AIM/AltX: SKA), an African focused mine operator and
developer, is pleased to announce encouraging results from sampling during the
recent visit to the Kabwe Zinc Mine ("Kabwe Mine") site. The Company's
geological consultants GeoQuest Limited ("GeoQuest") and an international
drilling contractor looking to tender for the Kabwe drilling contact were also
in attendance.

A total of nine samples were taken from outcrop and artisanal workings, which
were tested with a handheld, fully calibrated, XRF machine. The results
demonstrate consistently high zinc and lead grades at surface, with zinc
values reaching up to 36.13% Zn and lead values up to 9.63% Pb, alongside
tungsten mineralisation.

These grades compare favourably with historical mining averages and confirm
the presence of substantial high-grade material at surface.

These samples will be sent to the ALS laboratory in Ndola for independent
verification of the XRF results and also to test a wider range of elements
including Silver, Vanadium, Germanium and Gallium. The Company will announce
the lab results in due course.

The following base metals results were recorded:

 

 Sample        Zinc (Zn) %  Lead (Pb) %  Tungsten (W) %
 KAB 26 001*   0.445        0.126        -
 KAB 26 002    18.586       1.669        -
 KAB 26 002a   23.009       4.230        0.917

 KAB 26 003    23.140       6.777        -

 KAB 26 003a   20.965       1.228        1.015

 KAB 26 004    23.305       5.764        -

 KAB 26 004a   25.912       5.545        -

 KAB 26 005    32.088       9.631        -

 KAB 26 005a   36.126       5.688        -

 

*KAB 26 001 is a prospective ironstone outcrop some 3 km east of the main
site.

 

CEO Richard Lloyd commented: "It is really encouraging to realise such
high-grade results and at surface. Whilst we are planning for deeper drilling,
the Shuka team has realised there is significant material remaining at surface
and we will be able to use this material to analyse the metallurgical
characteristics of the ore body, which will assist us in consideration of
plant designs whilst also advancing our resource statements.

"The planned exploration programme is now underway following our capital raise
and completion of the Kabwe acquisition earlier this quarter. I look forward
to providing further information on the programme and subsequent results as we
ramp up activity at site."

 

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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