Serval Resources Plc · LSE:SRVL
Serval Resources — Investor Presentation (October 2025)
29 slides from Serval Resources's investor presentation, October 2025
Slide 1: The future runs on copper
A brand operated by Oscillate PLC The future runs on copper Hunting for new deposits in Africa’s most prospective regions October 2025 servalresources.com 1
Slide 2: Disclaimer
Disclaimer • These Presentation Materials are for information purposes only and must not be used or relied upon for the purpose of making any investment decision or engaging in any investment activity and should not be construed as, an offer for sale or subscription of, or solicitation of any offer
Slide 3: Serval Resources
Serval Resources Major copper and future Hunting for new Experienced team with Developing responsible metals opportunity discoveries in Africa proven track record supply chains Demand for copper and other Serval is securing major Serval's management team is By proving up new resources for strategic
Slide 4: Corporate Snapshot
Corporate Snapshot Listing: AQSE: SRVL • January 2025: Robin Birchall appointed as CEO Shares in issue: 425.4 million • Strategic shift to copper and other future metals, initially via proposed acquisition Share price: £0.038 of Kalahari Copper (assets in Namibia and Botswana) and JV on Duékoué proj
Slide 5: Highly Experienced Team
Highly Experienced Team Senior Management Luhann Theron Directors Chief Geologist Mr. Theron is a geologist with 13 years' experience, specialising in exploration in sub- Saharan Africa. Experience spans a range of regions including: the Central African Copper Belt, the Kalahari Copper Belt, the Kal
Slide 6: The future runs on copper
The future runs on copper Digital Sector Energy Transition Infrastructure and Housing Copper underpins digital Copper is indispensable in the Copper is the backbone of technologies. Its conductivity and transition to sustainable energy, due construction and urbanisation. Its durability are essential
Slide 7: Significant supply deficit forecast in coming years
Significant supply deficit forecast in coming years • Copper demand expected to grow by ca. 70% to 50 Mtpa by 2050 (BHP) • Supply side heavily reliant on a handful of ageing mines with declining grades • Major supply shocks in 2025 expected to see market contract this year • IEA: demand for copper w
Slide 8: The Opportunity
The Opportunity Africa is home to the world’s last under- explored, large-scale copper frontiers • African deposits make up eight out of the 10 highest grade deposits discovered since 1990 • Serval is targeting sediment-hosted Cu deposits (Namibia & Côte d’Ivoire Botswana) Namibia Botswana • 1/3 of
Slide 9: Namibia – The Kaoko Basin
Namibia – The Kaoko Basin The interpreted extension of the Central African Copper Belt • This emerging copper region is the interpreted extension of the Central African Copper Belt that runs through Zambia and the DRC • The Central African Copper Belt is the largest and most prolific mineralised sed
Slide 10: Geological Similarities
Geological Similarities • Both the Central African Copperbelt and the Kaoko Basin are known to host significant stratabound (sediment-hosted) copper and silver deposits • Mineralisation at the Omatapati prospect also shown to have multistage hypogene mineralisation events with supergene overprint (N
Slide 11: Kaoko Basin Highlights
Kaoko Basin Highlights Potential for multi-deposit discoveries • Four 100% owned licences (two pending renewal) covering 1,106 km2 • 8,000m of drilling carried out by Kalahari Copper – multiple intersections demonstrating Cu mineralisation on multiple prospects, occurring from surface • A work progr
Slide 12: Botswana – The Kalahari Copper Belt
Botswana – The Kalahari Copper Belt One of the most prospective regions in the world for new sedimentary copper discoveries (US Geological Survey) • The Kalahari Copper Belt (KCB) is now emerging as an important source of new copper supply: • 2008: no resources in the KCB; now ca. 8 Mt contained Cu
Slide 13: KCB Highlights
KCB Highlights Licences in prime acreage along strike to existing discoveries • 16 100% owned licences (two pending renewal) covering 1,453 km2 • Licences along strike and adjacent to operating mines and development projects • Exploration thesis: targeting Ngwako Pan and D’Kar formation (N/D) contac
Slide 14: Exploration Priority 1: PL2474
Mineralised contact intercepted on 13 drillholes Exploration Priority 1: PL2474 • Regional geophysics targeted an anticlinal structure which extends the breadth of the licence • Both limbs of the Anticline fold is present • Shallow intersections in some holes • Potential for classic deposit style se
Slide 15: Exploration Priority 2: PL082 / 061
PL082 and PL061 are on strike to Cobre’s Ngami Project (maiden mineral resource of 11.5Mt at 0.52% Cu + 11.6% Ag) Exploration Priority 2: PL082 / 061 • At Cobre: • Geophysics used to guide drilling, airborne EM, AGG (gravity) and seismic PL082 survey; 20,000m drilling to date Cobre’s Licences • Maid
Slide 16: Exploration Priority 3: PL232
The PL232 Cluster consists of a series of Exploration Priority 3: PL232 licences that are in close proximity to the Khoemacau operations • Other satellite deposits, not being mined at this time, also known in the area Future work to be funded • Improved geophysical techniques across larger section o
Slide 17: KCB – Recent Management Site Visits
KCB – Recent Management Site Visits servalresources.com 17
Slide 18: Budgets and Timeline: Botswana
Budgets and Timeline: Botswana High impact, low-cost exploration LICENSE PROSPECT NAME PROGRAM TOTAL (USD) NOV-25 DEC-25 JAN-26 FEB-26 MAR- APR-26 MAY- JUN-26 JUL-26 AUG-26 26 26 PL231 & PL2472 231 Cluster Geophysics USD 96,000 Soil sampling, ~4,500 samples, pXRF USD 75,000 analysis DD Drilling USD
Slide 19: Côte d'Ivoire – Elephant Country
Côte d’Ivoire – Elephant Country An emerging copper belt with potential to host IOCG style province • An emerging copper belt proximate to the Archean / Proterozoic boundary with the potential to host Iron Oxide Copper Gold (IOCG) style province • IOCG are global sources of copper and gold, major de
Slide 20: Duékoué: potential IOCG province
JV with La Miniere de L’Elephant SARL (Laminele) Duékoué: potential IOCG province • Identified in 1970s by SODEMI, noting high molybdenum-in-soil value (>1000 ppm) • Multiple mineralisation models theorised from SODEMI data: IOCG or porphyry copper-molybdenum model • Target area is an arcuate Mo-in-
Slide 21: Duékoué Work Programme
Duékoué Work Programme Phase 1 - groundwork completed • Programme completed on time and on budget • Geological mapping and geochemical soil sampling over seven lines successfully confirmed the historical Mo-Cu anomalies delineated by SODEMI • Northern limb of the granitic intrusion remains the most
Slide 22: Duékoué Work Programme completed on time and on budget
Duékoué Work Programme completed on time and on budget Excellent support from local partners servalresources.com 22
Slide 23: Budgets and Timeline: Côte d'Ivoire
Budgets and Timeline: Côte d’Ivoire High impact, low-cost exploration LICENSE PROSPECT NAME PROGRAM TOTAL (USD) AUG-25 SEP-25 OCT-25 NOV- DEC-25 JAN-26 FEB-26 MAR- APR-26 MAY- 25 26 26 PR0911 Duekoue UAV Magnetics USD 96,000 Soil sampling, ~4,500 samples, pXRF USD 75,000 and ICP analysis DD Drilling
Slide 24: Corporate Objectives
Corporate Objectives Completion of Kalahari Copper Limited (KCL) Acquisition Heads of Terms include: • SPA to be signed by end of exclusivity period (31 October 2025) • £500k initial payment, some of which has been allocated to 2025 work programmes and licence renewals • Issue 30% of Oscillate’s out
Slide 25: Summary
Summary • Serval Resources will be strategically positioned in potentially major new copper belts, which remain under-explored in contrast to their high potential • The Company will apply modern and rigorous exploration programmes to unlock value for all its stakeholders • Serval aims to make new di
Slide 26: APPENDIX
APPENDIX servalresources.com 26
Slide 27: The KCB: A Geological Super-Structure
The KCB: A Geological Super-Structure • The KCB is a northeast-trending Meso- to Neoproterozoic belt that occurs discontinuously from western Namibia and stretches into northern Botswana along the northwestern edge of the Paleoproterozoic Kalahari Craton • Ca. 1,000 km long and ca. 250 km wide, cont
Slide 28: Exploration Priority 4: PL085
Nearby Kopano mine could provide geological model for PL085 • Kopano Mine mineralisation hosted in steeply dipping carbonaceous and Exploration Priority 4: PL085 argillaceous metasediments • Hypogene sulphide mineralisation occurs in subvertical epithermal quartz-calcite veins and breccias containin
Slide 29: Thank you
A brand operated by Oscillate PLC Thank you Contact: Investor Relations Cathy Malins Tel: +44 7876 796 629 Email: [email protected] Website: www.servalresources.com servalresources.com 29
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