Project Description

The KCB is notable as a highly prospective region for new copper discoveries given that it bears striking geological similarities to the Central African Copper Belt (CACB), which annually contributes to over 10% of world’s copper supply and the majority of the world’s cobalt supply. The KCB is almost twice the size of the CACB areal extent and highly under-explored due to varying widths (10-100 metres) cover of Kalahari desert sands covering the underlying copper bearing bedrock.

Early exploration was complicated due to this sand cover but more recently advancements in techniques such as airborne geophysics and seismic surveys have enabled companies to identify previously hidden deposits, creating significant opportunities for new discoveries, including Cobre’s Ngami project.

Serval’s portfolio in Botswana consists of 17 licences, with 16 in the KCB and one in the Bushman Lineament to the East of Botswana, covering a total area of 990.93km². The KCB licences are in prime acreage, being along strike and adjacent to operations held by MMG, Cobre, and Max Power, positioning Serval as a significant player in the region with high conviction exploration assets.

Location of the Company’s licences on strike and adjacent to existing discoveries in the KCB:

The Company is targeting economic mineralisation at the margins of basement structures, where the Ngwako Pan and D’Kar Formation contacts create a redox boundary between the mostly oxidative Ngwako Pan siliclastic red beds and the mostly reducing, carbon rich D’Kar Formation. This has historically combined with hydrothermal vein-hosted sulphide mineralisation to create high-grade copper sulphide zones in economic quantities. A combination of heavy compression, folding and thrusting with host rock permeability creates an optimal environment for copper-silver trap site development.

The Company’s strategy is to use a systematic exploration approach to evaluate the high priority targets along strike of existing discoveries on its licences and its work programme for 2026 includes a range of geophysical methods and soil sampling to establish drilling targets.