Oscillate PLC (Serval Resources)

Oscillate plc (to be renamed 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 copper and other strategic metals, driven by the global energy transition and the need for sustainable, independent supply chains.

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

The company's strategy is to identify and define multiple copper prospects, advancing them through the development stages to unlock several avenues for monetisation, including production. 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. Oscillate PLC plans to formally change its name to Serval Resources when it moves up to AIM in 2026.

Management Profile

Robin Birchall, CEO

Mr. Birchall has more than twenty years of experience in the financing and management of resource companies. Mr. Birchall is currently the Chairman of Evolution Energy Minerals Ltd and was most recently Chairman of Awale Resources Ltd and prior to that Chief Executive Officer & Director at Giyani Metals Corp. Before that he was the Executive Chair of Silver Bear Resources. Mr. Birchall was also a Non-Executive Director of Helium One Global. Previous roles include former Chief Executive Officer of a private oil and gas E&P company as well as Vice President Investment & Corporate Banking with BMO Capital Markets, where he completed a variety of high-profile transactions for resource companies. Prior to BMO Capital Markets, Mr. Birchall was Vice President Corporate Finance at Canaccord Adams Ltd. Mr. Birchall earned an MBA from the University of Cape Town, a MSc in European and International Politics from Edinburgh University, a Première Degré en Langues Literature et Civilisation, from Stendahl Université and a BA from Queens University.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

The company will be stepping up to AIM in early 2026. It will also commence systematic exploration programmes across its three project areas: the Kaoko Basin in Namibia, the Kalahari Copper Belt in Botswana and the Duekoue Mo-Cu project in Cote d'Ivoire.

6 Months:

The company will be carrying out focused but high impact exploration programmes across its projects. In Namibia, the highest priority target is EPL 7081 where historical drilling has already delineated copper mineralisation, with multiple intervals running at +1% Cu. In Botswana, the priority targets are the PL 232 and PL 235 complex blocks in the Kalahari Copper Belt, which surround MMG's Khoemacau operations.

12 Months:

The company aims to progress to focused drilling programmes at the Namibia and Botswana projects. The Duekoue project in Cote d'Ivoire represents an earlier stage but potentially major opportunity, and the company will continue with fieldwork and geophysics to delineate the size and type of mineralisation, before drilling in due course.

What do you think makes your company such a compelling investment?

Copper has had a breakout year in 2025, as the world has awoken to the extreme tightness of the market. The supply shocks that have occurred, for example at Grasberg, have highlighted that supply is dominated by a handful of ageing mines where it is becoming harder to maintain previous production levels. Given the lack of funds that have been applied to exploration, there is only a limited number of new projects in development. At the same time, demand is forecast to grow rapidly to facilitate the green energy transition and the ever-expanding digital economy. Serval Resources' key thesis is that Africa has been under-explored compared to its potential for significant new copper discoveries, and Serval is focused on the emerging copper belts in Namibia, Botswana and Côte d’Ivoire. The company has strategically positioned itself with major landholdings in these areas, in some cases (in Botswana) adjacent to or on strike to existing production or development projects. The company's very low valuation currently provides an ideal entry point for investors looking to gain exposure to the copper market and the potential for new discoveries of significance.