Oscillate PLC

("Oscillate" or the "Company")

23 December 2025

Serval Resources Completes First Exploration Programme

in the Kalahari Copper Belt on Time and on Budget

Highlights 

·      Completion of all field work and data collection for three different geophysics programmes on the PL231/2018 and PL082/2020 licences in the Kalahari Copper Belt

·      The data is currently undergoing geophysical interpretation and modelling and the results will be available in Q1 2026

The Company is pleased to announce that it has completed the field work for three different geophysics programmes, being the ground-based Time Domain Electromagnetic ("TEM"), Audio-frequency Magnetotellurics ("AMT") and ground Magnetic surveys, on licences PL231/2018 and PL082/2020, part of the Kalahari Copper Belt project in Botswana. This work has been completed on schedule and on budget.

A total of 56.7 line-kilometres were completed between 28 November 2025 and 16 December 2025.  The data has passed all quality control checks and is currently undergoing geophysical processing, interpretation and modelling, before being reported to the Company in Q1 2026.

CEO, Robin Birchall, commented: 

"I am delighted to report that this work has been completed in such a short turn-around time. This reflects the Company`s capability to plan professional and technically sound field programmes and then to execute these programmes on time and on budget. I look forward to the results, which will provide the information needed to prioritise areas of interest within the larger Kalahari Copper Belt project and guide future exploration programmes on licences PL231/2018 and PL082/2020."

Interpretation of the results will assist the Company to identify three important exploration parameters for these two areas, namely;

1)   Expected thickness of the Kalahari (PL231/2018) and/or Karoo cover sequences (PL082/2020).

2)   Stratigraphic variations and structural features, possibly indicating the presence of the known Kalahari Copper Belt mineralised horizon: the Ngwako Pan and D`Kar formation contact.

3)   Presence of any conductors that might represent mineralised horizons.

The results will be announced in Q1 2026 once they are available.

The Directors of the Company accept responsibility for the contents of this announcement. 

Enquiries: 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.

About Serval Resources 

Serval Resources is focused on unlocking value across a high-potential portfolio to become a leading mid-cap copper and future metals explorer and developer.  

By securing exploration and development assets in the upcoming copper belts of Namibia, Botswana and Côte d'Ivoire, the Company will be strategically positioned to capitalise on the rising demand for sustainable copper and associated metals, driven by the global energy transition and the need for responsible, independent supply chains.  

These regions remain relatively under-explored in contrast to their high potential. Serval will look to apply modern and rigorous exploration techniques, as well as the depth of experience of its management team, in order to systematically evaluate, secure  and develop  prospective opportunities to the benefit of all its stakeholders. 

Serval Resources is a brand operated by Oscillate PLC, which is listed on the UK's AQSE Growth Market Exchange under the ticker AQSE: SRVL.  The Company will officially change its name to Serval Resources upon moving up to AIM in 2026. 

For further information, visit: 

·      https://servalresources.com/    

·      https://x.com/ServalResources  

·      https://www.linkedin.com/company/serval-resources/