Business
Kabwe Site Visit Update
Kabwe Site Visit Update.
About this update from Shuka Minerals Plc
[{"type":"text","content":"\n\n19 March 2025\nShuka Minerals Plc\n(\"Shuka\" or the \"Company\")\nKabwe Site Visit Update - V High Grade Samples returned at Kabwe\nHighlights\n· High grade Zn encountered across all surface collected samples\n· Certain samples exceeded testing limits of 30% Zn, sent to Canada for further analysis\n· Other Critical Minerals encountered, not previously incorporated in Kabwe studies\n \nShuka Minerals Plc (AIM: SKA), an African focused mine operator and developer, is pleased to provide sampling results from the Kabwe Zinc Mine (\"Kabwe Mine\") in central Zambia, in anticipation of completing the proposed acquisition of Leopard Exploration and Mining Limited (\"LEM\"), the owner of the Kabwe Mine, following the signing in December 2024 of a conditional Share Purchase Agreement (\"SPA\") with the LEM shareholders.\n· As reported on 11 February 2025 during a recent site visit members of the Shuka team were able to observe high-grade surface zinc (Zn) and lead (Pb) mineralisation from identified deposits within the Kabwe Mine, that were outcropping at surface, and at local small-scale zinc and base metals mining and processing operations.\n· Ten field samples were taken during the site visit and have now been analysed by ALS laboratories in Ndola (Zambia) and Johannesburg (South Africa) for grade and metallurgical testing across 40 elements\n· The results obtained confirm the extremely high-grade nature of the at surface deposit\n· The presence of valuable Critical Minerals and Metals such as Cesium (Cs), Cerium (Ce), Gallium (Ga), Molybdenum (Mo), Rubidium (Rb), Scandium (Sc), Vanadium (V) and Yttrium (Y) were also identified, having not previously been considered for exploitation at Kabwe\n· Zinc grades returned in the range from 7.5% Zn in the overburden, 14-16% Zn in the Pit 2 outcrops and 20-27% in the washed material from artisanal worked areas in Pit 5.\n· Two samples returned values of greater than 30% Zn (the normal lab detection limits) and will be sent to ALS Vancouver for further analysis.\n· Lead grades above lab detection limits were also returned from 8 of the 10 samples and have been re-submitted for \"Overlimit\" t...