Serval Resources locks in funding for multi-country exploration drive
Serval Resources says it has locked in fully funded exploration work programmes across Namibia, Botswana and Côte d’Ivoire, putting its first Namibia drilling campaign on track for the second half of 2026.
The AIM-listed copper and future metals explorer said the programmes will run to mid-2027 and will use geological mapping, geophysics and soil sampling to sharpen drill targets before committing capital to the ground. In Namibia, Serval is targeting Q4 2026 for first drilling after a three-phase programme covering mapping, high-resolution ground magnetics and soil geochemistry.
Namibia is the near-term focus. Serval holds four licences covering 789 sq km in the Kaoko Basin, with initial work centred on EPL 7081 and EPL 7082. EPL 7081 includes targets such as Omatapati, Horseshoe and Otjozongombe, where historical drilling intercepted 19 metres at 2.6% copper.
In Botswana, the company will begin with the PL 232 and PL 235 clusters in the Kalahari Copper Belt, part of a wider 18-licence package covering 1,283 sq km. Work will combine drone magnetics, Audio-Frequency Magnetotellurics and soil sampling to probe structures under Kalahari sand cover.
Chief executive Robin Birchall said Serval is “currently mobilising our teams” for field work, adding that the company’s “multi-dataset approach will significantly de-risk future drilling”.
In Côte d’Ivoire, Serval has also approved a smaller programme at the Duékoué molybdenum-copper project, where it will use ground magnetics, soil sampling and mapping to better define the strongest parts of the anomaly.
