SENS-AI
SKA Operational Update Bullish

SHUKA MINERALS PLC - Kabwe Drilling (KBDD04) shallower hole hits western extension

Shuka Minerals Plc
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What this filing means

Shuka Minerals reported high-grade preliminary zinc intercepts from its fourth Kabwe drill hole, though the hole was terminated early after hitting a historical mining void and results remain unverified by lab assays.

Bull case

  • Hole KBDD04 successfully intersected the western extension of the ore body, returning an arithmetic average of 6.86% zinc over a 13.0-metre interval.
  • High-grade mineralization was identified, with point grades averaging 40.09% zinc in the uppermost 9 metres of the orebody and reaching a maximum of 53.0%.

Bear case

  • The reported grades are based entirely on preliminary portable XRF readings and remain subject to independent JORC/NI 43-101 laboratory verification.
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Category
Operational Update
Event posture
Too Late
Published
Jun 18, 2026

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