Directorate Changes & Notice of AGM

Shuka Minerals PLC

17 March 2026

 

17 March 2026

Shuka Minerals Plc

("Shuka'' or the "Company")

Directorate Changes & Notice of Annual General Meeting ("AGM")

Shuka Minerals Plc (AIM/AltX: SKA), an African focused mine operator and developer, announces (i) the following directorate changes to the Company's Board with immediate effect, and (ii) a notice of AGM.

Directorate Changes

The Company has appointed Richard John Hawken ("Mr Hawken") as Non-executive Director of the Company and Ms Margaret Mudenda ("Ms Chalwe-Mudenda") as a Non-executive Director of the Company. Both of these appointments are with immediate effect.

Mr Hawken has over 15 years' experience in commodity sales, trading and marketing across Africa, including in senior management and executive roles in South Africa and the United Kingdom ("UK"). He has particular experience in the sourcing and trading of base metals and critical minerals across Southern, East and Central Africa, and has worked with UK and European-headquartered commodity trading groups, London Stock Exchange-listed mining companies and private mining businesses.

Ms Chalwe-Mudenda is a Zambian lawyer with over 25 years' experience in legal practice, financial services and regulatory affairs. She holds an LLB from the University of Zambia, an LLM from the University of Southampton and is a member of the Law Association of Zambia. Ms Chalwe-Mudenda is a partner at Chalwe & Kabalata Legal Practitioners and previously served as Director General of the Zambia Information and Communications Authority from 2010 to 2017. She has held a number of positions, including with Citibank Zambia, Madison Financial Services Plc and Zambeef Zambia Plc. She currently serves as Chair of the Board of Sanlam Life Insurance Zambia Limited.

The information required pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies on Mr  Hawken and Ms Chalwe-Mudenda can be found in the Appendix below.

Notice of AGM

The Company also announces that the Company's AGM will be held at the offices of Fasken Martineau LLP, 6th Floor, 100 Liverpool Street, London, EC2M 2AT on 10 April 2026 at 11h00. A copy of the Notice of AGM and Proxy Form has been sent to shareholders and will be available shortly on the Company's website www.shukaminerals.com

CEO Richard Lloyd commented: "I would like to welcome Richard and Margaret to the Shuka board. They join the Company at an exciting time following the completion of the Kabwe acquisition earlier this quarter.

"Their expertise in commodities and in the Zambian legal and regulatory systems respectively are designed to complement and strengthen the existing Board and management team. We already have a world class project in Kabwe. We are now focused on ensuring the correct team is in place to unlock the significant value that exists therein.

"As the Kabwe exploration and development programmes advance in the coming weeks and months we look forward updating the market further."

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 Richard Lloyd, Chief Executive Officer	[phone]
Nominated Adviser Cairn Financial Advisers LLP, Sandy Jamieson / Ludovico Lazzaretti / James Western	[phone]
JSE Sponsor & Listing Advisor AcaciaCap Advisors Proprietary Limited Michelle Krastanov	[phone]
Broker Tavira Financial Limited Oliver Stansfield / Jonathan Evans	[phone]
Investor Relations Faith Kinyanjui Mumbi	[phone]

Appendix

Pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies, the following information is disclosed in respect of Richard John Hawken (aged 52):

Current Directorships	Previous Directorships held in the past five years
Mosi Copper Limited	HNV Metals Limited
	Critical Mineral Resources PLC

Mr Hawken does not hold any shares, options or warrants in the Company as at the date of this announcement.

There is no further information regarding Mr Hawken required to be disclosed under the AIM Rules.

Pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies, the following information is disclosed in respect of Margaret Kunda Chalwe Mudenda (aged 53):

Current Directorships	Previous Directorships held in the past five years
Chalwe & Kabalata Legal Practitioners	Citi Bank Zambia Limited
Chalwe and Kabalata Corporate Services Limited	Madison Financial Services PLC
Liquid Telecommunications Zambia Limited	Medical Stores Limited
Sanlam Life Insurance Zambia Limited	Zambeef Products PLC
Wonderful Group of Companies Limited

Ms Chalwe-Mudenda does not hold any shares, options or warrants in the Company as at the date of this announcement.

There is no further information regarding Ms Chalwe-Mudenda required to be disclosed under the AIM Rules.

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.

 

END