SKA Operational Update Bullish
SHUKA MINERALS PLC - Kabwe Drilling (KBDD02) continues to deliver
Shuka Minerals Plc
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What this filing means
Shuka Minerals announced highly encouraging preliminary high-grade zinc intercepts from its second drill hole at Kabwe, though the results remain subject to independent laboratory verification.
Bull case
- Drill hole KBDD02 successfully intersected high-grade zinc mineralisation, recording 9.79% zinc over 15.5m with peak grades reaching 45.7%.
- The initial drilling results align with the company's stated 2026 exploration objective to increase the existing resource base by 50%.
Bear case
- The reported exploration results are based on portable XRF readings rather than independent laboratory assays, introducing significant verification risk.
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