SENS-AI
SKA Operational Update Bullish

SHUKA MINERALS PLC - Kabwe Drilling (KBDD03) hits another High-Grade zone

Shuka Minerals Plc
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What this filing means

Shuka Minerals reported a high-grade 29.58% zinc intersection over 19.0m at its Kabwe project, outperforming historical resource grades but relying on unverified preliminary XRF readings.

Bull case

  • Drill hole KBDD03 returned a high-grade intersection of 29.58% zinc over 19.0m, significantly outperforming the 11.4% average grade of the remaining 2023 NI 43-101 resource estimate.
  • Point grades in the uppermost 9m of the orebody were exceptionally strong, averaging 40.09% zinc, indicating the potential for a highly concentrated mineralised zone.

Bear case

  • Reported grades are derived solely from preliminary portable XRF readings rather than independent JORC/NI 43-101 laboratory assays, introducing significant verification risk.
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Category
Operational Update
Event posture
Too Late
Published
Jun 10, 2026

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