Edenville Energy ( (GB:SKA) ) has provided an announcement.
Shuka Minerals Plc has announced promising sampling results from the Kabwe Zinc Mine in Zambia, which they are in the process of acquiring. The samples revealed high-grade zinc and lead mineralization, along with the presence of critical minerals like Gallium, Vanadium, and Yttrium, which were not previously considered for exploitation. This discovery enhances the mine’s value and potential, positioning Shuka to advance its exploration and development plans. The company intends to initiate a three-phase program to recommence mining operations, which includes geophysical surveys, resource drilling, and feasibility studies, aiming to re-establish the Kabwe Mine as a significant source of zinc and lead.
More about Edenville Energy
Shuka Minerals plc is a dynamic and innovative mining and development company focused on exploring and harnessing Africa’s mineral resources. The company is committed to the acquisition and development of valuable minerals, contributing to the sustainable growth and development of local communities. Shuka operates a coal mine in Tanzania and is considering upgrading its capacity.
YTD Price Performance: -28.57%
Average Trading Volume: 37,986
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.45M
Learn more about SKA stock on TipRanks’ Stock Analysis page.