Serval Resources Plc - Results from Initial Geological Mapping Programme on EPL 7081 and EPL 7079 in the Kaoko Basin, Namibia

About this update from Serval Resources Plc

Serval Resources Plc ("Serval" or the "Company") 3 June 2026 Results from Initial Geological Mapping Programme on EPL 7081 and EPL 7079 in the Kaoko Basin, Namibia Renewal of Environmental Clearance Certificates for EPL 7079 and EPL 7082 Highlights · Confirmation of multiple historically defined copper showings in outcrop as well as newly discovered copper mineralisation at surface in both EPL 7081 and EPL 7079 · Identification of redox boundary geological setting on EPL 7079, closely related to the nearby Okohongo copper-silver deposit · Successful renewal and issuance of Environmental Clearance Certificates for EPL 7079 and EPL 7082 Serval Resources Plc (AIM: SRVL), a company focused on building an independent copper and future metals developer, is pleased to announce the results of its first geological mapping campaign across two key Exclusive Prospecting Licenses ("EPLs") in the Kaoko Basin, Namibia. These results have confirmed the prospectivity of these EPLs, which hold the potential for copper-silver mineralisation from surface, and will assist in identifying priority targets for further evaluation. The Company is also delighted to have received renewals of the Environmental Clearance Certificates ("ECCs") for EPLs 7079 and 7082, which are an important regulatory requirement in Namibia and allow for Serval to continue with exploration activities on these EPLs for a further three years. CEO, Robin Birchall, commented: "It is exciting that we had our first opportunity to get feet on the ground and start to do work in Namibia. Our land package in the Kaoko Basin is large and one of our positive challenges is target prioritisation, which we aim to address by a systematic approach to exploration. Geological mapping is an important component of this, as it can be used to refine geological interpretations and identify priority zones for follow-up geophysical and soil sampling programmes, before future drilling to expand the known mineralisation. In terms of the findings of this initial programme, it has confirmed the prospectivity of these EPLs and it is of course encouraging to see extensive copper mineralisation at surface. I would also like to congratulate our team for the receipt of the important ECC renewals, which demonstrate our commitment to sustainable and responsible exploration practices, as well as our experience and capabilities in environmen...

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