Serval Resources Plc · LSE:SRVL
Serval Resources — Investor Presentation (December 2025)
26 slides from Serval Resources's investor presentation, December 2025
Slide 1: The future runs on copper
A brand operated by Oscillate PLC The future runs on copper Hunting for new deposits in Africa’s most prospective regions December 2025 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 Oscillate 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 issue, or a
Slide 3: Serval Resources
Serval Resources Major copper and future Hunting for new Experienced team with Developing responsible metals opportunity discoveries in Africa proven track record supply chains Demand for copper and other Serval is securing major Serval's management team is By proving up new resources for strategic
Slide 4: The future runs on copper
The future runs on copper Digital Sector Energy Transition Infrastructure and Housing Copper underpins digital Copper is indispensable in the Copper is the backbone of technologies. Its conductivity and transition to sustainable energy, due construction and urbanisation. Its durability are essential
Slide 5: Significant supply deficit forecast in coming years
Significant supply deficit forecast in coming years LME Copper Official Prices – 1January – 13 November 2025 • Copper demand expected to grow by ca. 70% to 50 Mtpa by 2050 (BHP) • Supply side heavily reliant on a handful of ageing mines with declining grades • Major supply shocks in 2025 expected to
Slide 6: Rapid timeline to refocus business in 2025
Rapid timeline to refocus business in 2025 Listing: AQSE: SRVL Still trading as Oscillate PLC until AIM listing Shares in issue: 425.4 million Share price: £0.038 Q1 2026 January July October Robin Birchall Agreement reached to Disposal of non- Planned step up Market cap: £1.6 million to AIM appoint
Slide 7: Highly Experienced Team
Highly Experienced Team Senior Management Luhann Theron Directors Chief Geologist Mr. Theron is a geologist with 13 years' experience, specialising in exploration in sub- Saharan Africa. Experience spans a range of regions including: the Central African Copper Belt, the Kalahari Copper Belt, the Kal
Slide 8: Africa is home to the world's last under-explored, large-scale copper frontiers
Africa is home to the world’s last under-explored, large- scale copper frontiers High Conviction Assets Namibia Botswana Côte d’Ivoire Kaoko Basin Kalahari Copper Belt Duékoué Prospect Extension of Central Since 2008, has Elephant country African Copper Belt become an important new copper supplier +
Slide 9: Deal Terms
Deal Terms Completion of Kalahari Copper Limited (KCL) Acquisition (Namibia, Botswana) • SPA to be signed by end of exclusivity period (31 December 2025) • £500k initial payment, some of which has been allocated to 2025 work programmes and licence renewals • Issue 30% of Oscillate’s outstanding shar
Slide 10: Namibia – The Kaoko Basin
Namibia – The Kaoko Basin The interpreted extension of the Central African Copper Belt • This emerging copper region is the interpreted extension of the Central African Copper Belt that runs through Zambia and the DRC • The Central African Copper Belt is the largest and most prolific mineralised sed
Slide 11: Geological Similarities
Geological Similarities • Both the Central African Copperbelt and the Kaoko Basin are known to host significant stratabound (sediment-hosted) copper and silver deposits • Mineralisation at the Omatapati prospect also shown to have multistage hypogene mineralisation events with supergene overprint (N
Slide 12: Kaoko Basin Highlights
Kaoko Basin Highlights Potential for multi-deposit discoveries • Four 100% owned licences (two pending renewal) covering 1,106 km2 • 9,265m of drilling carried out by KCL • Multiple intersections demonstrating Cu mineralisation on multiple prospects, occurring from surface • Pathway to maiden resour
Slide 13: Kaoko Basin Highlights
Kaoko Basin Highlights Potential for multi-deposit discoveries Selected drill intersections from KCL’s 2024/2025 campaigns PL NUMBER HOLE PROSPECT FROM (M) TO (M) INTERVAL (M) CU% AG (G/T) INCLUDING 7081 OPR001 Omatapati 52 56 4 1.1 54 1m @ 1.9% Cu & 1m @ 122 g/t Ag 7081 OPR001 Omatapati 72 74 2 1.9
Slide 14: Botswana – The Kalahari Copper Belt
Botswana – The Kalahari Copper Belt One of the most prospective regions in the world for new sedimentary copper discoveries (US Geological Survey) • The Kalahari Copper Belt (KCB) is now emerging as an important source of new copper supply: • 2008: no resources in the KCB; now ca. 8 Mt contained Cu
Slide 15: KCB Highlights
KCB Highlights Licences in prime acreage along strike to existing discoveries • 16, 100% owned licences (two pending renewal) covering 1,453 km2 Serval Resources Exploration licences Botswana • Licences along strike and adjacent to operating mines and development projects • Exploration thesis: targe
Slide 16: Exploration Priority 1: PL235 and PL232
Exploration Priority 1: PL235 and PL232 Mineralised contact intercepted on 13 historic drillholes • Regional geophysics targeted an anticlinal structure which extends the breadth of the licence • Both limbs of the Anticline fold are present • Shallow intersections in some holes • Potential for class
Slide 17: Exploration Priority 1: PL235 and PL232
The PL232 Cluster consists of a series of Exploration Priority 1: PL235 and PL232 licences that are in close proximity to MMG’s Khoemacau operations • Khoemacau is one of the world’s highest quality new copper mines, with a mine life of +20 years • Production of ca. 60ktpa Cu and ca. 1.6Moz Ag, with
Slide 18: Exploration Priority 2: PL082 / PL061
Exploration Priority 2: PL082 / 061 PL082 and PL061 are on strike to Cobre’s Ngami Project At Cobre: • 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 • Upside potential of 205 to
Slide 19: Côte d'Ivoire – Elephant Country
Côte d’Ivoire – Elephant Country An emerging copper belt with potential to host IOCG style province • An emerging copper belt proximate to the Archean / Proterozoic boundary with the potential to host Iron Oxide Copper Gold (IOCG) style province • IOCG are global sources of copper and gold, major de
Slide 20: Duékoué Overview
Duékoué Overview History • Identified in 1970s by SODEMI, noting high molybdenum-in-soil value (>1000 ppm) • Multiple mineralisation models theorised from SODEMI data: IOCG or porphyry copper-molybdenum model • Target area is an arcuate Mo-in-soil anomaly extending some 3.2 km with highly anomalous
Slide 21: Funding Summary
Funding Summary Cash on hand at 31 May 2025: • Serval Resources will be strategically positioned in potentially US$1.51 million major new copper belts, which remain under-explored in contrast to their high potential Budgeted requirements to end July 2026¹: • Significant and consistent newsflow to be
Slide 22: Appendix
APPENDIX servalresources.com 22
Slide 23: The KCB: A Geological Super-Structure
The KCB: A Geological Super-Structure • The KCB is a northeast-trending Meso- to Neoproterozoic belt that occurs discontinuously from western Namibia and stretches into northern Botswana along the northwestern edge of the Paleoproterozoic Kalahari Craton • Ca. 1,000 km long and ca. 250 km wide, cont
Slide 24: Nearby Kopano mine could provide geological model for PL085
Nearby Kopano mine could provide geological model for PL085 • Kopano Mine mineralisation hosted in steeply dipping carbonaceous and PL085 argillaceous metasediments • Hypogene sulphide mineralisation occurs in subvertical epithermal quartz-calcite veins and breccias containing predominantly chalcopy
Slide 25: PL231: On border of Namibia near Noronex and South32
PL231 On border of Namibia near to where Noronex and South32 are evaluating interesting exploration prospects • Ground magnetics, Audio-frequency Magnetotellurics (AMT) and groundbased Time Domain Electromagnetic (TEM) surveys • Combination of geophysics methods aims to seek N/D contact and identify
Slide 26: Thank you
A brand operated by Oscillate PLC Thank you Contact: Investor Relations Cathy Malins Tel: +44 7876 796 629 Email: cathy.malins@servalresources.com Website: www.servalresources.com servalresources.com 26
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