LE BRIEF

Serval Resources: £7 million financing to accelerate African copper exploration

LE BRIEF • 2026-11-09

Shareholders approved resolutions on 2 November allowing completion of the financing announced in October. Serval is preparing work in Namibia, Botswana and Côte d’Ivoire.

Original source : Original source

Serval Resources has cleared a milestone in financing its African copper portfolio. Shareholders in the London-listed company approved resolutions on 2 November 2026 allowing completion of an approximately £7 million transaction announced on 16 October. The structure includes several subscriptions and support from Capital Drilling and associates under an agreement linking financing and drilling services. The headline amount should therefore not be equated with unrestricted cash. The transaction primarily strengthens the resources available for exploration work. Namibia at the centre of the drilling programme In Namibia’s Kaoko Basin, Serval plans approximately 20,000 metres of drilling to test targets and improve geological knowledge of its licences. The work is intended to support a first mineral resource estimate targeted for 2027, an objective that remains dependent on exploration results. In Botswana, the company continues evaluating targets in the Kalahari Copper Belt near the Khoemacau area. In Côte d’Ivoire, the Duékoué project concerns anomalies of interest for copper, molybdenum and gold. These assets remain at exploration stages. Exploration funding is not proof of economic viability Copper attracts investment because of its role in electricity networks, industrial equipment and electrification. For an explorer, financing enables the successive studies and drilling...