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Kabwe Drilling (“KBDD05”)
Shuka Minerals Plc has successfully completed its fifth drill hole, KBDD05, at the Kabwe Zinc Mine, confirming the ore body remains open at depth with a significant intersection of 38.90% Zinc over 3.50 meters from 338.00 meters, including a peak reading of 17.5% Lead. This deep hole, reaching 419 meters, encountered historical mining cavities but provided valuable data for future planning, aligning with the company's objective to increase the existing resource by 50%. A sixth drill hole has commenced to explore a different ore body approximately 1 kilometer away, targeting a depth of 250-300 meters. The Behre Dolbear 2023 report indicates the No. 2 ore body has 3.1 million tonnes of ore remaining with grades of 11.4% zinc and 1.7% lead. Disclaimer*
About this update from Shuka Minerals Plc
Shuka Minerals Plc ("Shuka'' or the "Company") Kabwe Drilling ("KBDD05") deep hole confirms ore body open at depth Shuka Minerals Plc (AIM/AltX: SKA), an African focused mine operator and developer, is pleased to announce that, further to the announcement on 17 June 2026, it has successfully completed the fifth drill hole KBDD05 at the No. 2 ore body at the Kabwe Zinc Mine ("Kabwe Project"). Drilling The fifth diamond drill hole was planned as a deep hole, at -80° at a bearing of 145o and was designed to intersect the ore body at approximately 320-350 metres ("m") depth and to test the western limb of the originally projected orebody. Historical plans show remaining medium to high grade blocks to a depth of 1650 feet (550 m) depth, with mine development at these depths. This part of the orebody was accessed by a long crosscut from the No. 5 & 6 Orebody on the 1050 foot (320 m) level. The hole encountered a mining cavity between 324.90 m and 327.75 m downhole that is possibly associated with workings off this tunnel. A combination of karst (solution cavities) and the mining void contributed to a 4° - 6° westward deviation to the hole. The skill of the drillers enabled drilling to continue to a final depth of 419 m. The Company has commenced a sixth hole to intersect a different, previously unexploited orebody in the "Speaks" approximately 1 kilometre ("km") from the Pit 2 area where we have been focussing our studies to date. The anticipated depth of drill hole 6 will be at 250 m - 300 m. The actual readings from a down hole gyroscope survey revealed the hole was 419 m deep, with a final azimuth of 149.38° and a dip of 74.88°. This particular survey enables us to plot the western side of the orebody and the location of further underground workings in a 3D model, and assists future deeper hole planning. As previously announced the Behre Dolbear 2023 NI 43-101 report indicates that the No. 2 ore body has 3.1 million tonnes ("MT") of ore remaining at grades of 11.4% zinc ("Zn") and 1.7% lead plus silver and vanadium oxide. Results KBDD05 returned 38.90% Zn over 3.50 m from 338.00.10 to 341.50 m (down hole), based on an arithmetic average of 10 individual portable XRF pinpoint readings through the defined zone at a typical regular data spacing of 3 readings per meter of whole core Pinpoint readin...
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