IN BRIEF: Shuka Minerals starts exploration drilling at Kabwe mine

Shuka Minerals PLC - Africa-focused mine operator and developer - Says it has started the phase one drilling programme at the Kabwe zinc mine. The company aims to increase the existing resource by 50%, subject to the results of this drilling programme. Late last month, Shuka said it had appointed a drilling contractor Ox Drilling Ltd. The drilling comes after Shuka in January completed its acquisition of Leopard Exploration & Mining Ltd, which owns and operates Kabwe zinc mine.

Current stock price in Johannesburg: 64 rand cents

12-month change: listed on JSE in May 2025

Current stock price in London: 2.98 pence, up 6.4%

12-month change: down 21%

By Artwell Dlamini, Alliance News senior reporter South Africa

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