1st Jul 2026 12:00
Shuka Minerals PLC - Africa-focused mine operator and developer - Finishes the fifth drill hole at the number-two ore body at the Kabwe zinc mine in Zambia. Says it has started a sixth hole to intersect a different, previously unexploited orebody in the "Speaks" about one kilometre from the Pit 2 area where it has been focusing its studies to date.
"The deeper planed holes of any drilling campaign always contain some trepidation as you wait for expected ore zones to be hit," Shuka Chief Exeutive Officer Richard Lloyd says. "The skill of OX drilling, especially in light of intersecting historic mine workings and cavities, helped deliver further high grade Zn and Pb mineralisation." Drilling is undertaken by Ox Drilling Ltd. Zn stands for zinc and Pb lead.
Current stock price in Johannesburg: 72 rand cents, down 4.0% on Wednesday
12-month change: down 49%
Current stock price in London: 2.84 pence, up 3.3%
12-month change: down 37%
By Artwell Dlamini, Alliance News senior reporter South Africa
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