Results of Field Samples at Kabwe Mine

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 KAB 26 003 KAB 26 003a KAB 26 004 KAB 26 004a KAB 26 005 KAB 26 005a	23.009 23.140 20.965 23.305 25.912 32.088 36.126	4.230 6.777 1.228 5.764 5.545 9.631 5.688	0.917 - 1.015 - - - -

*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 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