Wrap Text
Laboratory Results of Field Samples as Kabwe Mine
SHUKA MINERALS PLC
(formerly Edenville Energy PLC)
(Incorporated in England and Wales)
(Registration number 05292528)
("Shuka Minerals" or "the Company")
ISIN Code: GB00BN47NP32
AIM Share Code: SKA JSE Share Code: SKA
Laboratory Results of Field Samples at Kabwe Mine
Shuka Minerals Plc (AIM/AltX: SKA), an African focused mine operator and developer, is pleased
to announce that, further to its announcement of 19 March 2025, it has received the assay results
for certain samples from the Kabwe Zinc Mine ("Kabwe Mine") which had previously exceeded
the upper detection limits of the initial testing.
Ten surface samples collected from outcrop and artisanal workings were initially analysed by ALS
(Johannesburg), using 48-element ICP analysis. Certain samples exceeded the upper detection
limits for zinc and lead under that method. Eight lead samples exceeding the detection limit (>1%
Pb) were re-analysed at ALS (Johannesburg) using four-acid ICP-AES. Two zinc samples exceeding
the detection limit (>30% Zn) were re-analysed at ALS (Vancouver) using titration methods.
The following results were received on 25 February 2026 from the respective laboratories:
Sample Zinc (Zn) % Lead (Pb) %
KAB 25 001 1.235
KAB 25 002 6.10
KAB 25 003 3.31
KAB 25 005 3.88
KAB 25 006 42.89 1.345
KAB 25 007 1.385
KAB 25 008 1.180
KAB 25 009 34.66
KAB 25 010 1.320
The results continue to demonstrate consistently high zinc and lead grades at surface, with zinc
values reaching up to 42.89% and lead values up to 6.10%, supporting the earlier results provided
by ALS.
These grades compare favourably with historical mining averages and confirm the presence of
substantial high-grade material at surface.
The previously announced 48 element sample results from ALS returned the following results:
Zn Pb Ag Ce Cs Ga Mn Mo Rb Sn V Y
Sample (%) (%) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm)
KAB 25
001. Pit 2
surface
outcrop 14.05 >1 1.16 6.38 0.13 10.3 3790 44.1 2.3 0.7 836 7.5
KAB 25
002. Pit 2
surface >1000
outcrop 8.06 >1 0.62 7.68 0.08 10.55 1005 32.2 1.7 0.9 0 28.5
KAB 25
003. Pit 2
surface
outcrop 7.53 >1 1.36 26.6 0.29 13.8 4750 44.3 5.4 1.5 5690 18.3
KAB 25
004. Pit 2
surface
outcrop 16.25 0.53 0.41 6.94 0.69 4.74 510 9.44 6.5 2.1 449 8.9
KAB 25
005. Pit 1
surface
marginal
. 27.3 >1 7.19 49.4 2.19 9.75 7540 13.1 18.6 6.6 5670 27.8
KAB 25
006. Pit
5.
Dolomite
contact >30.0 >1 3.53 9.22 0.13 3.55 322 17.2 1.5 0.5 739 16.4
KAB 25
007. Pit
5. High
Grade. 20.3 >1 3.54 35.2 4.56 17.5 4740 6.36 47.8 15.1 1550 23.5
KAB 25
008. Pit
5.
Washed
Mid
Grade. 21.1 >1 1.06 25.9 5.56 13.05 3140 6.27 53.5 11 1955 20.9
KAB 25
009. Pit
5.
Washed
High
Grade. >30.0 0.356 0.97 12.95 2.6 10.25 3760 1.41 23.1 6.9 653 12.7
KAB 25
010. Pit
5.
Tailings. 12.4 >1 2.96 24.2 6.11 21.1 4840 4.57 36.9 13.8 1400 18
CEO Richard Lloyd commented: "It is encouraging to realise further high-grade laboratory
confirmed results and at surface. We will update the market further when we receive lab results
from the current samples which have already been submitted to ALS in Ndola, Zambia."
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. Shuka is also
considering projects in Zambia, South Africa, and other African countries that are rich in copper,
lead, and zinc.
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.
This 3-phase programme, as also recommended by Behre Dolbear, will comprise:
(i) a high-resolution geophysical survey,
(ii) a resource drilling programme, updated metallurgical test work and additional
environmental and mining studies; and
(iii) detailed feasibility study work and underground mine refurbishment and new access
decline activities as well as the establishment of new ore processing facilities and value
addition in respect of the production of refined metals products.
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.
LONDON
27 February 2026
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.
SPONSOR
AcaciaCap Advisors Proprietary Limited
Date: 27-02-2026 09:00:00
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