SENS-AI
SKA Operational Update Bullish

SHUKA MINERALS PLC - Kabwe Drilling (KBDD02) continues to deliver

Shuka Minerals Plc
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What this filing means

Shuka Minerals announced highly encouraging preliminary high-grade zinc intercepts from its second drill hole at Kabwe, though the results remain subject to independent laboratory verification.

Bull case

  • Drill hole KBDD02 successfully intersected high-grade zinc mineralisation, recording 9.79% zinc over 15.5m with peak grades reaching 45.7%.
  • The initial drilling results align with the company's stated 2026 exploration objective to increase the existing resource base by 50%.

Bear case

  • The reported exploration results are based on portable XRF readings rather than independent laboratory assays, introducing significant verification risk.
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Category
Operational Update
Event posture
Too Late
Published
Jun 3, 2026

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