Company Announcements

The survey was focused on the southwestern corner of the licence, in an area where interpretation of the regional magnetic data suggested that no Karoo volcanic cover sequences are expected, as demonstrated in Figure 1.

  CEO, Robin Birchall, commented :  

"I am delighted to report that we have completed another field programme in Botswana, in short turnaround time and in alignment with our commitment to keep on doing systematic exploration work, building our understanding of the geology, whilst maintaining capital discipline. It is encouraging that this ground geophysics programme has indicated the potential presence of the D'Kar and Ngwako Pan Formations within our licence area and provides a focus for future exploration efforts."

Figure 1: Location of the ground geophysics programme at PL061 in the KCB and regional data   compiled by the Botswana Geoscience Institute demonstrating the Karoo volcanic sequences that overlay much of the PL061 and PL082 licence areas.

Interpretation of the ground geophysics data indicates the following:

    --  A northeast-southwest trending, sharp and dominant gradient zone,
        indicating faulting or shearing or potential reactivation structure is
        interpreted to separate the southern and northern portions of the grid
        area.

    --  The northern portion of the grid area is interpreted as volcanic units
        with variable sedimentary interbeds.

    --  The southern portion of the grid appears significantly less structurally
        deformed. This has been interpreted to be the D'Kar and Ngwako Pan
        Formations. The evident smooth magnetic signature suggests thicker
        sediment cover in this area.

    --  The major contact between the volcanics and the sediments correlates
        well with the inferred contact taken from the regional geological map,
        with the delineated magnetic contact shifted southwards by approximately
        270 metres.

    --  A broad curved low magnetic anomaly in the southern portion of the area
        is consistent with an anticline/syncline-type geometry, delineating
        transition from a magnetically homogeneous zone to a more complex and
        heterogeneous zone. The south-western portion of the study area is
        interpreted to comprise sedimentary units of the D'kar and Ngwako Pan
        Formations. The contact between these two lithological sequences is
        magnetically gradational.

The gradational change in magnetic characteristics between the two formational contacts of the target horizon in this area has resulted in the magnetic survey not clearly identifying the target horizon. It is suggested that this area be investigated using geophysical methods detecting electrical conductivity/resistivity such as electromagnetic ("EM") or electrical resistivity tomography ("ERT") to more clearly identify the target horizon. However, the more accurate location of the Karoo volcanics contact, as well as the interpreted gradational contact of the target horizon, will assist the Company to more accurately locate future surveys.  

Figure 2: Reduced-to-pole ("RTP") map and interpretation showing the well-defined Karoo volcanics contact, as well as the interpreted gradational and possibly anticlinal structure of the target horizon in the south western area.

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 mineralization type, style and geological setting and a qualified person as defined under the JORC code. 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                                   + 44 (0) 7711 313 019
Resources      Company     Robin Birchall
                                           robin.birchall@servalresources.com

                                          +44 (0) 7876 796 629
               IR          Cathy Malins
                                           cathy.malins@servalresources.com

                           David Hignell
   SP Angel    Nominated
Corporate      Advisor and Charlie        +44 (0) 20 3470 0470
Finance LLP    Broker      Bouverat

                           Devik Mehta

 AlbR Capital  Joint       Lucy Williams
Limited        Corporate                  +44 (0) 20 7469 0930
               Broker      Duncan Vasey

 Tavistock                 Charles Vivian +44 (0) 20 7920 3150
Communications PR
                           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.

For   further information, visit:  

    --   https://servalresources.com/

    --   https://x.com/ServalResources

    --   https://www.linkedin.com/company/serval-resources/