Serval Resources Plc · LSE:SRVL
Serval Resources — Investor Presentation (June 2026)
29 slides from Serval Resources's investor presentation, June 2026
Slide 1: The future runs on copper
The future runs on copper Unlocking the value in Africa’s under - explored copper belts Visible copper mineralisation June 2026 from the Kaoko Basin licences in Namibia servalresources.com 1
Slide 2: Disclaimer
Disclaimer • This document, together with any oral briefing which accompanies it and which is personal to the recipient, has been issued by Serval Resources Plc (the “Company”) . This document does not constitute or form part of, and should not be construed as, any offer or invitation to sell or iss
Slide 3: Introduction to Serval Resources
Introduction to Serval Resources Ambition to create a pre - eminent copper vehicle for Listing: AIM: SRVL the London market Shares in issue: 33.9 million • Major copper and associated strategic Market cap: c. £9 million metals opportunity Backed by a number of highly • Focused on Africa: home to und
Slide 4: Our Portfolio
Our Portfolio Under - explored in contrast to its potential Namibia – Kaoko Basin • Interpreted as an extension of the prolific Central African Copperbelt Location of Serval Licences in Namibia and Botswana • 4 licences 1 covering 789 km 2 • Multiple high - grade copper - silver (Cu - Ag) mineralisa
Slide 5: Kaoko Basin – Namibia
Kaoko Basin – Namibia Potential for multi - deposit discoveries Opuwo • Historic work has identified Cu - Ag mineralisation within stratabound horizons • EPL 7081: Omatapati historic drilling highlights: • 20 metres at 1.2% Cu from 80 metres , including 5 metres at 2.4% Cu and 3 metres at >200g/t Ag
Slide 6: Kaoko Basin 2026 Work Programme
Kaoko Basin 2026 Work Programme Initial work focused only on EPL 7081, where there is potential to delineate a mineral resource estimate in due course, and EPL 7082 Activity Rationale H1 2026 H2 2026 H1 2027 • Initial site reconnaissance • Identify and map surface mineralisation Geological mapping •
Slide 7: Kaoko Basin 2026 Work Programme
Kaoko Basin 2026 Work Programme Geological background: EPL 7081 and EPL 7082 Focus area of EPL 7081 with geology background; source: the Company Focus area of EPL 7082 with geology background; source: the Company servalresources.com 7
Slide 8: Kaoko Basin June 2026 Site Visit
Kaoko Basin June 2026 Site Visit servalresources.com 8
Slide 9: Kalahari Copper Belt - Botswana
Kalahari Copper Belt - Botswana Licences in prime acreage along strike to existing discoveries • 18, 100%- owned licences (two pending renewal and two pending ownership transfer) covering 1,283 km 2, subject to acquisition of KCL • Licences along strike and adjacent to operating mines and developmen
Slide 10: KCB 2026 Work Programme
KCB 2026 Work Programme Initial work focused only on PL 232 and PL 235, licences contiguous and along strike to the producing Khoemacau operation Activity Rationale H1 2026 H2 2026 H1 2027 PL 232 Magnetic survey n/a Geophysics • Identify structural trends, lithological contrasts, and magnetic zones
Slide 11: KCB 2026 Work Programme
KCB 2026 Work Programme Aim to better understand the potential extension of the mineralisation structures under the PL 235 Cluster and PL 232 Cluster Contiguous to Khoemacau deposits • A long - life (+20 years) copper - silver mine • MMG currently spending US$900m to expand production to 130Kt pa Cu
Slide 12: KCB 2026 Work Programme
KCB 2026 Work Programme Geological background: PL 235 Cluster and PL 232 Cluster PL 235 Cluster planned geophysical survey traverse lines with regional geology PL 232 Cluster planned geophysical survey traverse lines with regional geology background; source: the Company background; source: the Compa
Slide 13: KCB: PL 082 and PL 061
KCB: PL 082 and PL 061 On strike to Cobre’s Ngami project Ngami: • Geophysics used to guide drilling, airborne EM, AGG (gravity) and seismic survey; 20,000m drilling to date • Maiden mineral resource of 11.5Mt at 0.52% Cu + 11.6 g/t Ag and upside potential of 205 to 308 Mt @ 0.31 to 0.46% Cu + 5.5 t
Slide 14: KCB: PL 231
KCB: PL 231 On western border of Namibia near to where Noronex and South32 are evaluating interesting prospects • Combination of three geophysical methods to seek N/D contact and identify potential Cu mineralisation as well as measure sand cover 1. Ground magnetics 2. Audio - frequency Magnetotellur
Slide 15: Côte d’Ivoire – Duékoué
Côte d’Ivoire – Duékoué Joint venture with La Miniere de L’Elephant SARL • An emerging copper belt proximate to the Archean / Proterozoic boundary with the potential to host Iron Oxide Copper Gold (IOCG) style province • Phase 1 fieldwork in 2025 confirmed historical SODEMI Mo - Cu anomalies extendi
Slide 16: Duékoué 2026 Work Programme
Duékoué 2026 Work Programme Systematic work to establish an early geophysical framework for the project area Duékoué IOCG Crustal setting and comparison to Central Amazonian Craton Soil Sample Grid Design and the historical anomalies in the background Source: adapted from Awalé Resources presentatio
Slide 17: The Path Forward
The Path Forward Consistent newsflow as we advance our portfolio Namibia Botswana Namibia Diamond core Results of Botswana Ground magnetics Côte d’Ivoire drilling to delineate geophysics 232 Soil sampling a potential future programmes Geophysics Scout drilling mineral resource H1 2026 Mid 2027 Admis
Slide 18: Investment Summary
Investment Summary The right commodity • Copper is important to modern and future society - third most - used metal globally • Demand rising due to population / GDP growth and electrification / digitalisation of society At the right time • Copper had a breakout year in 2025 and market deficit expect
Slide 19: Appendices
Appendices - Key Uses of Copper - The Future runs on Coppe r - Highly Experienced Team - ESG Priorities for 2026 - Acquisition of Kalahari Copper Limited - Kaoko Basin Geological Profile - KCB Geological Profile - Summary of Licences - Kaoko Basin Drilling Highlights servalresources.com 19
Slide 20: Key Uses of Copper
Key Uses of Copper Digital Sector Energy Transition Infrastructure and Copper underpins digital Copper is indispensable in the Housing technologies. Its conductivity and transition to sustainable energy, Copper is the backbone of durability are essential to due to its critical use in EVs, solar cons
Slide 21: The Future runs on Copper
The Future runs on Copper S&P forecast potential 10 Mt shortfall by 2040 • Copper demand expected to grow by c. 50% from 28 Mtpa to 42 Mtpa by 2040 ¹ 2025 was a breakout year for both copper and silver pricing • Supply side heavily reliant on a handful of ageing mines with declining grades • Major s
Slide 22: Highly Experienced Team
Highly Experienced Team Directors Senior Management John Treacy Luhann Theron Non - Executive Chairman Chief Geologist Mr. Treacy is an experienced London financier who specialises in working with growth Mr. Theron is a geologist with 13 years' experience, specialising in exploration in sub - Sahara
Slide 23: ESG Priorities for 2026
ESG Priorities for 2026 Health and Safety – taking care of our people • Apply the Company’s HSEC management system to all exploration activities • Maintain a zero - harm safety culture across all exploration activities Environmental Stewardship – minimising our impacts • Always operate in compliance
Slide 24: Acquisition of Kalahari Copper Limited (KCL)
Acquisition of Kalahari Copper Limited (KCL) The acquisition of KCL, including the licences held by its subsidiaries in Namibia and Botswana, completed on 27 April 2026 Key Deal Terms: • Issued shares that constitute <30% of the Company’s issued share capital on admission to trading on AIM • £2 mill
Slide 25: Kaoko Basin Geological Profile
Kaoko Basin Geological Profile Well - established sedimentary copper setting • Cu - Ag mineralisation in the Kaoko Belt is well - established through sediment - hosted copper deposits occurring within the Nosib Group and overlying Otavi Group of rocks • Mineralisation particularly occurs on the cont
Slide 26: KCB Geological Profile
KCB Geological Profile Well - established sedimentary copper setting • c. 1,000 km long and c. 250 km wide, the KCB contains Cu - Ag mineralisation through sediment - hosted copper deposits occurring within the Ghanzi - Chobe Fold and Thrust Belt and stratigraphically in the Ghanzi Group rocks • The
Slide 27: Summary of Licences
Summary of Licences Summary of the Botswana Licences Summary of the Namibia Licences Licence Interes Licence Licence Area Asset Holder Interest (%) Status Licence Area (km 2 ) Comments Asset Holder Status Comments Expiry t (%) Expiry (km 2) Pending DoM Decision Renewal PL061_2021 Dalsu 100 Explorati
Slide 28: Kaoko Basin Drilling Highlights
Kaoko Basin Drilling Highlights Potential for multi - deposit discoveries Selected drill intersections from 2024/2025 campaigns carried out by Kalahari Copper Limited 1 PL AG HOLE PROSPECT FROM (M) TO (M) INTERVAL (M) CU% INCLUDING NUMBER (G/T) 7081 OPR001 Omatapati 52 56 4 1.1 54 1m @ 1.9% Cu & 1m
Slide 29: Thank you
Thank you Contact: Investor Relations Cathy Malins Tel: +44 7876 796 629 Email: cathy.malins@servalresources.com Website: www.servalresources.com servalresources.com 29