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IN BRIEF: Shuka Minerals fourth study confirms high grades at Kabwe

ALN

Shuka Minerals PLC - Africa-focused mine operator and developer - Completes the fourth drill hole at the number-two ore body at the Kabwe zinc mine in Zambia. Says it has started a fifth deep hole. The first test took place late last month. ‘Despite terminating the hole slightly shallower than expected, given the intersection with historical mine workings, I am delighted to report yet another positive drill result with excellent grades,’ Shuka Chief Executive Officer Richard Lloyd says. ‘The holes of our ongoing campaign continue to deliver some amazing [zinc] grades, with every hole and intersection we are learning more and more about the orebody,’ Lloyd adds.

Current stock price in Johannesburg: 75 rand cents

12-month change: down 57%

Current stock price in London: 3.45 pence, up 1.5% on Thursday

12-month change: down 43%

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