Serval Resources PLC Reports H1 2026 Financials and Upcoming Drilling Plans in Namibia
Serval Resources PLC has reported an operating loss of £32,057,496 for H1 2026, primarily due to AIM listing costs and pre-acquisition expenses. The company is set to initiate its first drilling program in Namibia by year-end 2026, following the acquisition of Kalahari Copper Limited.
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Serval Resources PLC's unaudited interim results for H1 2026 show an operating loss of £32,057,496, up from £205,990 in H1 2025. This increase is attributed to AIM admission costs of £668,582, share-based payments of £678,309, and pre-acquisition exploration expenses of £137,431.
The company acquired Kalahari Copper Limited on 27 April 2026, enhancing its landholdings in the Kaoko Basin and Kalahari Copper Belt. Serval's portfolio also includes the Du e9kou e9 project in Côte d'Ivoire, under a joint venture with La Mini e8re de L'El e9phant SARL.
Serval plans to conduct geological mapping and commence drilling in Namibia by financial year-end, with a portfolio update expected in September 2026. These steps are crucial for advancing Serval's exploration strategy amid a challenging copper market.
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