Result of AGM and Directorate Changes

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/

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]

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