Successful renewal of Exploration Licences in Botswana
Serval Resources Plc has successfully renewed all its exploration licences in Botswana, which are now valid until September 2028, including PL 2474/2023 at the Sweet Thorn Pan prospect, a key area in the Kalahari Copper Belt. This renewal maintains the company's significant 990.93 km² land package in the region, demonstrating strong regulatory compliance. While one lesser priority licence was relinquished, the company has secured its core exploration assets, which are crucial for its copper and future metals development strategy.
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Latest renewals include PL 2474/2023 which is part of the Sweet Thorn Pan prospect, Serval's top exploration priority in the Kalahari Copper Belt
The Company maintains a major foothold in the Kalahari Copper Belt of 990.93 km
2
Important validation of the Company's regulatory compliance
Serval Resources Plc (AIM: SRVL), a company focused on building an independent copper and future metals developer, is pleased to announce that the Department of Mines in Botswana has renewed the following exploration prospecting licences, which are now valid until 30 September 2028:
PL 061/2021
PL 062/2021
PL 2473/2023
PL 2474/2023 (part of the Sweet Thorn Pan prospect)
The Company has also relinquished a lesser priority licence, being PL 2472/2023.
As a result of the licence renewals and the licence relinquishment, the Company's land package in the Kalahari Copper Belt now covers ca. 990.93 km
2
(previously 1,283 km
2
). The full list of the Company's Botswana licences and their status is included below, as well as a map demonstrating their location.
CEO, Robin Birchall, commented
:
"Licence compliance and renewal is a key part of operating as an exploration company and I would like to thank our team and the Department of Mines in Botswana for their hard work and cooperation in delivering these renewals. I am now proud to say that all the licences in our portfolio in Botswana have been renewed, demonstrating our team's commitment to operating in line with our regulatory commitments. Of particular note is that we have renewed priority licence PL 2474, which forms part of the Sweet Thorn Pan prospect alongside PL 0235 This licence has been shown from historical work to have the known mineralised contact that is being mined by the nearby MMG Khoemacau operations, and this renewal has ensured that we maintain all of the originally identified prospective areas."
Map showing Serval's exploration licences in the Kalahari Copper Belt
Summary of the Company's exploration licences in the Kalahari Copper Belt
| Asset | Holder 1 | Interest (%) | Status | Licence Expiry | Licence Area (km 2 ) |
|---|---|---|---|---|---|
| PL061_2021 | Serval Resources Botswana | 100 | Exploration | 30-Sep-28 | 99.12 |
| PL062_2021 | Serval Resources Botswana | 100 | Exploration | 30-Sep-28 | 42.11 |
| PL082_2020 | Serval Resources Botswana | 100 | Exploration | 31-Mar-28 | 106.23 |
| PL085_2020 | Serval Resources Botswana | 100 | Exploration | 31-Mar-28 | 49.19 |
| PL231_2018 | Serval Resources Botswana | 100 | Exploration | 31-Mar-28 | 73.25 |
| PL232_2018 | Serval Resources Botswana | 100 | Exploration | 31-Mar-28 | 45.77 |
| PL2473_2023 | Serval Resources Botswana | 100 | Exploration | 30-Sep-28 | 112.36 |
| PL2474_2023 | Serval Resources Botswana | 100 | Exploration | 30-Sep-28 | 35.41 |
| PL0233_2024 | Serval Resources Botswana | 100 | Exploration | 30-Jun-27 | 65.96 |
| PL0234_2024 | Serval Resources Botswana | 100 | Exploration | 30-Jun-27 | 20.40 |
| PL0235_2024 | Serval Resources Botswana | 100 | Exploration | 30-Jun-27 | 7.06 |
| PL0238_2024 | Serval Resources Botswana | 100 | Exploration | 30-Jun-27 | 134.19 |
| PL0239_2024 | Serval Resources Botswana | 100 | Exploration | 30-Jun-27 | 83.44 |
| PL0240_2024 | Serval Resources Botswana | 100 | Exploration | 30-Jun-27 | 84.22 |
| PL0336_2024 | Serval Resources Botswana | 100 | Exploration | 30-Jun-27 | 10.78 |
| PL0337_2024 | Serval Resources Botswana | 100 | Exploration | 30-Jun-27 | 12.57 |
| PL0184_2023 | Ashlet Resources 2 | 100 | Exploration | 31-Dec-26 | 8.87 |
Note:
The Company recently changed the name of its wholly owned subsidiary in Botswana from Dalsu Investment Proprietary Limited to Serval Resources Botswana Proprietary Limited.
Ownership of this licence is in the process of being transferred from Ashlet Resources Proprietary Limited to Serval Resources Botswana Proprietary Limited.
For
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.