Successful renewal of four Prospecting Licences in Botswana
Oscillate PLC has successfully renewed four prospecting licences in Botswana for another two years, comprising three in the Kalahari Copper Belt and one in the Bushman Lineament, covering a total area of 274.44 km². The company is in the process of acquiring Kalahari Copper Limited, which will result in Oscillate wholly owning 16 licences in the Kalahari Copper Belt, spanning 1,224.50 km². Notably, licence PL232/2018, a key exploration target, is on strike to MMG's Khoemacau operation, and future work will focus on identifying drilling targets for copper-silver mineralisation.
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successfully renewed for another two years (three in the Kalahari Copper Belt ("KCB") and one in the Bushman Lineament)
The Kalahari Copper Limited ("KCL") land package in the KCB is confirmed as 16 licences covering a total area of 1,224.50 km
2
and will be wholly owned by the Company upon completion of the KCL acquisition and admission to AIM
The Company announces that it has, with approval from KCL, applied to the Botswana Department of Mines, and renewal has been granted for four prospecting licences ("PLs"), as set out in the table below.
| PL Number | LOCATION | Expiry Date | Area (km 2 ) | comments |
|---|---|---|---|---|
| PL082/2020 | KCB | 31 March 2028 | 106.23 | On strike to Cobre Limited's Ngami project. Field work completed late 2025 (see announcement dated 23 December 2026) and results due Q1 2026. |
| PL231/2018 | KCB | 31 March 2028 | 73.25 | Field work completed late 2025 (see announcement dated 23 December 2026) and results due Q1 2026. |
| PL232/2018 | KCB | 31 March 2028 | 45.77 | This licence is the Company's top exploration target in the KCB. It has seen historic exploration from Kalahari Copper and is on strike to MMG Limited's ("MMG") Khoemacau operation. |
| PL085/2020 | Bushman Lineament | 31 March 2028 | 49.19 | Adjacent to the Kopano copper mine. |
CEO, Robin Birchall, commented
:
"I am delighted to report the successful renewal of these licences, including PL232/2018 which is our highest priority target and on strike to MMG's Khoemacau producing mine. The Company is committed to maintain their Prospecting Licences in good standing and to advance exploration on our high priority targets. This successful renewal once again showcases the efficiency of the responsible authorities in Botswana, and we would like to thank our team for their hard work, as well as the prospecting licences department for their care and diligence on the reviews and recommendations to this application process."
The four licences are held by Dalsu Investment Proprietary Limited, a wholly owned subsidiary of KCL ("Dalsu"). As announced on 9 February 2026, the Company has entered into a conditional share purchase agreement to acquire all the shares in KCL ("Acquisition") which includes the licences held by KCL's subsidiaries in Namibia and Botswana.
Figure 1: Location and areas of all current active licences for the Company;
PL085/2020 is located in the inset map, towards the east of the country, adjacent to the Kopano copper mine.
Future work proposed includes ground geophysics and soil sampling, with the specific aim to identify drilling targets that will intersect the Ngwako Pan and D'Kar Formation contact, being the target horizon for significant sediment-hosted copper-silver mineralisation in the KCB.
The Directors of the Company accept responsibility for the contents of this announcement.
and develop
prospective opportunities to the benefit of all its stakeholders.
The Company will officially change its name to Serval Resources upon moving up to AIM
in
2026.
For
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.