SHUKA MINERALS PLC - Update of financing for Kabwe Transaction

Update of financing for Kabwe Transaction

                                          SHUKA MINERALS PLC
                                    (formerly Edenville Energy PLC)
                                 (Incorporated in England and Wales)
                                    (Registration number 05292528)
                                ("Shuka Minerals" or "the Company")
                                       ISIN Code: GB00BN47NP32
                              AIM Share Code: SKA JSE Share Code: SKA



                          Update of financing for Kabwe transaction


Shuka Minerals Plc (AIM/AltX: SKA), an African focused mine operator and developer, provides an
update on the financing for the Company's proposed acquisition ("Acquisition") of the Zambian
mining and exploration company, Leopard Exploration and Mining Limited ("LEM") and the Kabwe
Zinc Mine ("Kabwe Mine") located in central Zambia.

Further to recent announcements, Gathoni Muchai Investments Limited ("GMI") has now advised
it expects payment from GMI to Shuka of an initial c. $350,000 to be received by the Company in
the coming days, with the balance of the funds required to satisfy the consideration due under
the Acquisition to be paid to the Company by GMI before the end of November 2025. The
Company is in regular contact with GMI regarding the status of funds due. A further
announcement will be made
in due course.

The LEM vendors remain supportive of progressing to completion of the Acquisition, which will
occur following payment to the LEM vendors of the balance of cash consideration and issue of
the consideration shares and further warrants (as detailed in the Company's announcement on 1
July 2025 announcement), and the transfer of LEM shares to the Company.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations
under Article 17 of MAR.

Capitalised terms in this announcement have the same meaning as in the Company's
announcement 4 September 2025, unless otherwise defined.

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

LONDON
10 November 2025

For Enquiries:
Shuka Minerals Plc                         +44 (0) 7990 503007
Richard Lloyd - CEO

Strand Hanson Limited                      +44 (0) 20 7409 3494
Financial and Nominated Adviser
James Harris | Richard Johnson

AcaciaCap Advisors Propriety Limited       +27 (11) 480 8500
JSE Sponsor and Listing Advisor
Michelle Krastanov

Tavira Securities Limited                  +44 (0) 20 7100 5100
Joint Broker
Oliver Stansfield | Jonathan Evans

Peterhouse Capital Limited
Joint Broker                               +44 (0)20 7469 0930
Charles Goodfellow | Duncan Vasey

Investor Relations
Faith Kinyanjui Mumbi                      +254 746 849 110


                                       SPONSOR
                              AcaciaCap Advisors Proprietary Limited

Date: 10-11-2025 09:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.