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
environmental management."
EPL 7081
EPL 7081 is Serval's highest priority licence in the Kaoko Basin and contains a
number of key targets where historical drilling has established higher grade
copper-silver mineralisation, including Omatapati, Otjozongombe and Horseshoe.
Copper-silver mineralisation is believed by the Company to be most prospective
at the contact between the Lower and Upper Omao Formations.
Geological mapping covering approximately 20 km² was completed on EPL 7081 by
the Serval team. The mapping confirmed visual identification of copper
mineralisation associated with the Nosib/Otavi contact at the Horseshoe
prospect. Mineralisation is specifically occurring within the Omivero Shale and
along the contact with the Lower Omao unit, extending into the Lower Omao.
Visible mineralisation was also confirmed at the Lower and Upper Omao contact at
Omatapati, with surface expressions extending further southeast of Omatapati.
Mapping efforts on EPL 7081 produced a more accurate delineation of the Lower
and Upper Omao contact, together with the identification of visible copper
mineralisation at Omatapati. This will enable more focused follow-up work,
including detailed geological mapping, geophysical surveys, and soil sampling.
These results also open the opportunity to extend the Omatapati prospect in a
south easterly direction.
[image]
Figure 1: Omatapati Geological Map, EPL 7081
[image]
Figure 2: Copper Mineralisation visually identifiable as Malachite, Bornite
and Chalcopyrite, Omatapati, EPL 7081
At the Horseshoe prospect, mineralisation was visually observed at the fold
hinge of a large syncline, with additional expressions recorded along the same
stratigraphic unit on the northern limb of the syncline. The next phase of
exploration will aim to connect and extend this mineralisation along strike,
while also investigating the potential of the southern limb.
[image]
Figure 3: Horseshoe Geological Map, EPL 7081
[image]
Figure 4: Visible copper mineralisation at Horseshoe prospect, EPL.7081
EPL 7079
EPL 7079 lies to the north of EPL 7081 and prospective features include the
close proximity (less than 10 km) to the Taranis / Okohongo copper-silver
project, which is at the reserve development stage, and along the same contact
zone between the Otavi and Nosib Groups, which serves as a primary control on
mineralisation.
On EPL 7079, mapping was conducted over 25 km² across three priority focus
areas. The programme successfully identified favourable geology for copper
mineralisation, which the Company believes is closely related to the Taranis /
Okohongo project, including the Nosib Group / Omivero siltstone-shale contact in
the northern and middle focus areas, and the Lower to Upper Omao contact in the
southern focus area. Visible copper mineralisation was recorded in the southern
focus area along the Lower-Upper Omao contact; refer to Figure 6. Mineralisation
was also observed at the Ohundayamboto prospect in the middle focus area. The
northern and middle areas are largely obscured by quaternary cover, meaning
follow-up geophysical surveys and soil geochemistry will be required to better
define drill targets.
[image]
Figure 5: EPL 7079 Southern Area Geological Map
[image]
Figure 6: Mineralisation as copper oxides at EPL 7079, Southern area
The Company is encouraged by this initial mapping work, with the extent of the
mineralisation confirming the prospectivity of these EPLs. Serval will update
the market on its planned exploration programme in the Kaoko Basin in the coming
weeks.
Qualified Persons Statement
The information in this news release was compiled, reviewed, verified and
approved by Mr. Luhann Theron, MSc (Geology), Member of the South African
Council for Natural Scientific Professions (SACNASP), Senior Geologist for
Lambda Tau. Mr Theron has 14 years' experience in exploration for metals and
minerals of this mineralisation type, style and geological setting and a
qualified person as defined under the JORC code and the AIM Rules for Companies.
Mr Theron consents to the inclusion in this announcement of the technical
matters based on his information in the form and context in which it appears.
Enquiries:
Serval Company Robin + 44 (0) 7711 313 019
Resources Birchall
robin.birchall@servalresources.com
IR Cathy +44 (0) 7876 796 629
Malins
cathy.malins@servalresources.com
SP Angel Nominated David +44 (0) 20 3470 0470
Corporate Advisor and Hignell
Finance LLP Broker
Charlie
Bouverat
Devik
Mehta
AlbR Capital Joint Lucy +44 (0) 20 7469 0930
Limited Corporate Williams
Broker
Duncan
Vasey
Tavistock PR Charles +44 (0) 20 7920 3150
Communications Vivian
Eliza
Logan
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.
About Serval Resources
Serval Resources (AIM: SRVL) is an AIM-listed explorer focused on copper and
associated future metals critical to the global energy transition and digital
economy. The company is building a portfolio of exploration and development
assets in the emerging copper belts of Namibia, Botswana and Côte d'Ivoire,
aiming to become a leading mid-cap player by applying modern, systematic
exploration techniques in underexplored but highly prospective African regions.
Forfurther information, visit:
· https://servalresources.com/
· https://x.com/ServalResources
· https://www.linkedin.com/company/serval-resources/
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