PR Newswire
LONDON, United Kingdom, February 27
Oscillate PLC
(«Oscillate» or the «Company»)
27 February 2026
Serval Resources commences 2026 Exploration Programme
in the Kalahari Copper Belt
Highlights
· First field work programme underway on Licence PL061/2021 («PL061») to
detect and better spatially define the presence of regionally mapped Ngwako Pan
and D’Kar Formation contact
· Work is complementary to the Q4 2025 geophysical programme conducted on
PL082/2020 («PL082»), with both licences being along strike of Cobre Limited’s
(«Cobre») Ngami Project
· Programme forms part of the initial investigation together with other
geophysics techniques and/or soil sampling required to ultimately define drill
targets
The Company is pleased to announce that it has, with approval from Kalahari
Copper Limited («KCL»), commenced its first exploration work programme for 2026
on KCL’s Botswana assets in the Kalahari Copper Belt («KCB»), which is
considered one of the most prospective areas in the world for new sedimentary
copper discoveries (source: US Geological Survey). PL061 is held by Dalsu
Investment Proprietary Limited, a wholly owned subsidiary of KCL («Dalsu»). As
announced on 9 February 2026, the Company has entered into a conditional share
purchase agreement to acquire all the shares in KCL («Acquisition»).
This programme will incorporate a ground magnetic geophysical survey on Licence
PL061 to evaluate the regionally mapped Ngwako Pan (oxidised sandstone) and
D’Kar Formation (reduced shale) contact, being the primary reduction-oxidation
(«Redox»)-controlled target for significant sediment-hosted copper-silver
mineralisation in the KCB.
This ties in with the Q4 2025 geophysical programme conducted on PL082 with
approval from KCL, with both PL061 and PL082 being located along strike of
Cobre’s Ngami Project – see Figure 1 below. The results of the PL082 geophysical
programme will be released as soon as available. PL082 is also held by Dalsu.
CEO, Robin Birchall, commented:
«I am delighted to report that our first work programme with KCL in the KCB is
underway, and I commend the field team’s swift mobilisation and their continued
engagement with authorities and the local representative of the areas in which
we operate.
PL061 and PL082 are both high priority targets given their location on strike to
Cobre’s Ngami project, which is a significant and growing deposit that has been
delineated using a combination of geophysical techniques and fieldwork, followed
by extensive drilling, which is a model we aim to follow at the KCL licences.»
About the work programme:
The ground magnetic geophysical survey can identify magnetic intensity with high
resolution in order to recognise underground geological features, which will
assist the Company in better spatially defining the presence of the regionally
mapped Ngwako Pan and D’Kar Formation contact.
Clearing of lines is currently underway on PL061, which will be followed with
surveying using a GSM19-magnetometer. The planned field work will cover a total
of ca. 62-line kilometres and will continue till the middle of March 2026, with
the processed data, interpretation and reporting of results expected in Q3 2026.
Figure 1: location of exploration licences in the KCB:
[A map of a mining area
AI-generated content may be incorrect.]
The Directors of the Company accept responsibility for the contents of this
announcement.
Enquiries:
Oscillate Company Robin + 44 (0) 7711 313 019
Plc/Serval Birchall
Resources [email protected]
IR Cathy +44 (0) 7876 796 629
Malins
[email protected]
Tavistock PR Charles +44 (0) 20 7920 3150
Communications Vivian
Eliza
Logan
AlbR Capital Aquis Guy +44 (0) 20 7469 0930
Limited Corporate Miller
Adviser
SP Angel Broker Richard +44 (0) 20 3470 0470
Morrision
Charlie
Bouverat
Devik
Mehta
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 is focused on unlocking value across a high-potential portfolio
to become a leading mid-cap copper and future metals explorer and developer.
By securing exploration and development assets in the upcoming copper belts of
Namibia, Botswana and Côte d’Ivoire, the Company will be strategically
positioned to capitalise on the rising demand for sustainable copper and
associated metals, driven by the global energy transition and the need for
responsible, independent supply chains.
These regions remain relatively under-explored in contrast to their high
potential. Serval will look to apply modern and rigorous exploration techniques,
as well as the depth of experience of its management team, in order to
systematically evaluate, secure and develop prospective opportunities to the
benefit of all its stakeholders.
Serval Resources is a brand operated by Oscillate PLC, which is listed on the
UK’s AQSE Growth Market Exchange under the ticker AQSE: SRVL.The Company will
officially change its name to Serval Resources upon moving up to AIMin2026.
Forfurther information, visit:
· https://servalresources.com/
· https://x.com/ServalResources
· https://www.linkedin.com/company/serval-resources/
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