Results of Field Samples at Kabwe Mine

25 February 2026

Shuka Minerals Plc

("Shuka'' or the "Company")

Results of Field Samples at Kabwe Mine

Shuka Minerals Plc (AIM/AltX: SKA), an African focused mine operator and developer, is pleased to announce encouraging results from sampling during the recent visit to the Kabwe Zinc Mine ("Kabwe Mine") site. The Company's geological consultants GeoQuest Limited ("GeoQuest") and an international drilling contractor looking to tender for the Kabwe drilling contact were also in attendance.

A total of nine samples were taken from outcrop and artisanal workings, which were tested with a handheld, fully calibrated, XRF machine. The results demonstrate consistently high zinc and lead grades at surface, with zinc values reaching up to 36.13% Zn and lead values up to 9.63% Pb, alongside tungsten mineralisation.

These grades compare favourably with historical mining averages and confirm the presence of substantial high-grade material at surface.

These samples will be sent to the ALS laboratory in Ndola for independent verification of the XRF results and also to test a wider range of elements including Silver, Vanadium, Germanium and Gallium. The Company will announce the lab results in due course.

The following base metals results were recorded:

Sample	Zinc (Zn) %	Lead (Pb) %	Tungsten (W) %
KAB 26 001*	0.445	0.126	-
KAB 26 002	18.586	1.669	-
KAB 26 002a KAB 26 003 KAB 26 003a KAB 26 004 KAB 26 004a KAB 26 005 KAB 26 005a	23.009 23.140 20.965 23.305 25.912 32.088 36.126	4.230 6.777 1.228 5.764 5.545 9.631 5.688	0.917 - 1.015 - - - -

*KAB 26 001 is a prospective ironstone outcrop some 3 km east of the main site.

CEO Richard Lloyd commented: "It is really encouraging to realise such high-grade results and at surface. Whilst we are planning for deeper drilling, the Shuka team has realised there is significant material remaining at surface and we will be able to use this material to analyse the metallurgical characteristics of the ore body, which will assist us in consideration of plant designs whilst also advancing our resource statements.

"The planned exploration programme is now underway following our capital raise and completion of the Kabwe acquisition earlier this quarter. I look forward to providing further information on the programme and subsequent results as we ramp up activity at site."

The Directors of Shuka are responsible for the contents of this announcement.

ENDS

Shuka Minerals plc has its primary listing on the London Stock Exchange (AIM) and a secondary listing on the AltX of the JSE Limited.

For enquiries contact:

Shuka Minerals Plc Richard Lloyd, Chief Executive Officer	+44 (0)7990 503 007
Nominated Adviser Cairn Financial Advisers LLP, Sandy Jamieson / Ludovico Lazzaretti / James Western	+44 (0)20 7213 0880
JSE Sponsor & Listing Advisor AcaciaCap Advisors Proprietary Limited Michelle Krastanov	+27 (11) 480 8500
Broker Tavira Financial Limited Oliver Stansfield / Jonathan Evans	+44 (0)20 7100 5100
Investor Relations Faith Mumbi Kinyanjui	+254 746 849 110