Business
JV Partnership with La Miniere de L'Elephant
JV Partnership with La Miniere de L'Elephant.
About this update from Serval Resources Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\nOscillate PLC(\"Oscillate\" or the \"Company\")30 April 2025JV Partnership with La Miniere de L'ElephantThe Company is pleased to announce that it has entered into a non-binding Heads of Terms (\"HoTs\") forming a Joint Venture Partnership and earn-in agreement with La Miniere de L'Elephant SARL (\"Laminele\", together the \"JV Partnership\") to develop the Duékoué Prospect (\"Duékoué\"), a copper-molybdenum-gold (\"Cu-Mo-Au\") prospect located in the District des Montagnes in western Côte d'Ivoire.The Duékoué Project:The Duékoué Prospect was identified in the 1970s by the Société pour le Développement Minier de la Côte d'Ivoire (\"SODEMI\") which noted a high molybdenum-in-soil value (300 ppm). Further considerable soil sampling and geological mapping confirmed the potential of the area to host molybdenum-copper mineralisation. SODEMI also carried out limited geophysics which added to the potential.The molybdenum-copper prospect on the north-western flank of the Duékoué granitoid intrusion was originally identified in the work carried out in the 1960s and 1970s by SODEMI, the national geological survey of Côte d'Ivoire. Initial reconnaissance soil sampling and geological mapping provided the evidence for the mineralisation. Extensive and intensive soil sampling programmes over several field seasons, involving several thousand samples, covered an area in excess of some 25 square kilometres and significant molybdenum and copper-in soil anomalies were delineated. There are multiple mineralisation models theorised utilising the SODEMI data, including Iron Oxide Copper Gold (\"IOCG\"), and a porphyry copper-molybdenum model, with further exploration needed to fully understand the geology.The main target area is an arcuate Mo-in-soil anomaly extending some 3.2 kilometres with highly anomalous values exceeding 1000 ppm Mo in places associated with copper values in the 250-300 ppm Cu range. Interestingly, the anomalous copper-in-soils anomaly continues on from the molybdenum anomaly to form an approximately circular pattern with a diameter of some 2.5 kilometres. There are indications of some associated molybdenum on the southern flank of the anomaly as well. This apparent structure is in itself of considerable interest and may indicate a mineralised intrusive body. SODEMI also carried out some ground ...