SHUKA MINERALS PLC - Interim Authorisation Received from Competition and Consumer Protection Commission

Interim Authorisation Received from Competition and Consumer Protection Commission

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

Interim Authorisation Received from Competition and Consumer Protection Commission

Shuka Minerals Plc (AIM & ALTX: "SKA"), an African focused mine operator and developer, is pleased to
confirm that it has received interim unconditional authorisation ("Authorisation") from the Competition
and Consumer Protection Commission ("CCPC"), for the proposed acquisition of a 100% interest in
Zambian mining and exploration company, Leopard Exploration and Mining Limited ("LEM"), which owns
the Kabwe Zinc Mine ("Kabwe Mine") located in central Zambia (the "Acquisition").

The Authorisation has been granted following a decision by the Technical Committee of the Board of
Commissioners of the CCPC to grant approval for the Acquisition to proceed. The Authorisation has been
granted on the basis that there are no significant grounds under Section 8 and Section 16 of the Zambian
Competition and Consumer Act for action by the CCPC against the proposed Acquisition.

The Authorisation allows the Company to proceed towards completion of the Acquisition, as if it had the
final authorisation of the Board of Commissioners of the CCPC, and will apply up to the time a full Board
of Commissioners meeting of the CCPC is held to ratify the decision by the Technical Committee
("Approval").

Approval from the CCPC is the final regulatory approval required by the Company to
complete the Acquisition of 100% of LEM's share capital from its shareholders in a share and cash-based
transaction.

Richard Lloyd (CEO) commented:

"Receipt of the interim unconditional authorisation from the Technical Committee of the CCPC is another
major milestone for us.

This authorisation allows us to now move ahead and finalise the acquisition of Leopard Exploration and
Mining and the Kabwe Zinc Mine, whilst we wait for the Board of Commissioners of the CCPC to formally
meet and provide the final approval, and will allow us to now proceed with securing the proposed funding,
expected to be on a non-dilutive basis, to allow us to complete the cash-based payment in terms of the
Acquisition."

                                                 ENDS
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 signed a conditional Share Purchase Agreement with Leopard Exploration and Mining
Limited ("LEM") to acquire 100% of LEM's share capital. LEM is the registered holder of a large-scale mining
license 12848-HQ-LML issued in December 2014 for a period of 25 years, and which includes the historical
Kabwe Zinc Mine ("Kabwe Mine") located in central Zambia, approx. 110km north of the capital city of
Lusaka.

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

For Enquiries:
Shuka Minerals Plc                                                                   +44 (0) 7990 503007
Richard Lloyd - CEO

Strand Hanson Limited                                                               +44 (0) 20 7409 3494
Financial and Nominated Adviser
James Harris | Richard Johnson

Tavira Securities Limited                                                           +44 (0) 20 7100 5100
Joint Broker
Oliver Stansfield | Jonathan Evans

Peterhouse Capital Limited                                                           +44 (0)20 7469 0930
Joint Broker
Charles Goodfellow | Duncan Vasey

Investor Relations                                                                      +254 746 849 110
Faith Kinyanjui Mumbi

AcaciaCap Advisors Proprietary Limited                                                   +27 11 480 8500
JSE Sponsor
Michelle Krastanov

By Order of the Board
4 June 2025

SPONSOR
AcaciaCap Advisors Proprietary Limited

Date: 04-06-2025 12:10:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.