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Edenville Energy ( (GB:SKA) ) has shared an update.
Shuka Minerals Plc has completed the acquisition of 100% of Leopard Exploration and Mining Limited, giving it full ownership and operational control of the Kabwe Zinc Mine, one of the world’s richest zinc deposits with historical ore grades of up to 43% and significant remaining resources valued at more than US$2 billion. The company plans to launch a 2026 work programme including geological and geophysical studies, drilling, environmental baseline work and reserve upgrades, while highlighting that the project’s phase 1 development carries an estimated pre-tax cash flow of US$1.84 billion and NPV10 of US$561 million, a scale that management believes is not yet reflected in Shuka’s sub-£5 million market capitalisation; concurrently, CEO Richard Lloyd has been granted 2 million warrants, aligning management incentives with shareholder value creation as fieldwork at Kabwe begins imminently.
The most recent analyst rating on (GB:SKA) stock is a Hold with a £4.00 price target. To see the full list of analyst forecasts on Edenville Energy stock, see the GB:SKA Stock Forecast page.
Spark’s Take on GB:SKA Stock
According to Spark, TipRanks’ AI Analyst, GB:SKA is a Neutral.
The overall stock score is primarily impacted by significant financial challenges and weak technical indicators. While the acquisition of the Kabwe Zinc Mine presents a potential growth opportunity, funding delays and negative valuation metrics weigh heavily on the stock’s attractiveness.
To see Spark’s full report on GB:SKA stock, click here.
More about Edenville Energy
Shuka Minerals Plc is an African-focused mine operator and developer listed on London’s AIM and the JSE’s AltX, concentrating on the ownership, development and operation of mineral assets, with a key focus on zinc and lead through its interest in the Kabwe Mine in Zambia.
Average Trading Volume: 275,682
Technical Sentiment Signal: Sell
Current Market Cap: £2.86M
For detailed information about SKA stock, go to TipRanks’ Stock Analysis page.