Serval Resources has set out exploration work programmes across three African jurisdictions, with a maiden drilling campaign in Namibia targeted for the fourth quarter of this year.
The programmes, which run to mid-2027 and are described as fully funded from proceeds raised at the company's AIM listing, cover four licences totalling 789 square kilometres in Namibia's Kaoko Basin, multiple licences in Botswana's Kalahari Copper Belt, and a 789 square kilometre joint venture licence in Côte d'Ivoire.
In Namibia, pre-drill work across priority licences EPL 7081 and EPL 7082 will proceed in three phases: geological mapping, high-resolution ground magnetics, and soil sampling, with existing historical intercepts including 19 metres at 2.6% copper providing near-term drill targets at prospects including Omatapati and Horseshoe.
Botswana work will focus on the PL 232 and PL 235 licence clusters, both along strike from the producing Khomacau mine, which carries a total resource of 450 million tonnes at 1.4% copper and 18 grams per tonne silver, using drone magnetics and audio-frequency magnetotellurics to map mineralisation beneath Kalahari sand cover.
At the Duékoué project in Côte d'Ivoire, a smaller programme of ground magnetics, soil sampling and geological mapping will target a molybdenum-copper anomaly first identified in the 1970s, with initial work having already confirmed historical anomalies and identified moderately elevated gold concentrations.
Drilling in Namibia remains the nearest-term catalyst, with the company targeting commencement in the fourth quarter of 2026.
