What Kalahari Copper does

Kalahari Copper Limited is a private mineral exploration company focused on copper and silver in southern and west Africa. Its core asset portfolio consists of 21 exploration tenements spanning approximately 2,242 km² across two emerging copper belts: the Kaoko Basin in Namibia and the Kalahari Copper Belt in Botswana. Exploration activities centre on ground magnetic geophysical surveys designed to detect and spatially define the Ngwako Pan and D'Kar Formation contact, a primary target horizon for sediment-hosted copper-silver mineralisation. Key licences, including PL232/2018, PL061, and PL082, sit along strike to MMG's producing Khoemacau mine and Cobre Limited's Ngami Project, providing adjacency to proven mineralised systems. The company also holds a joint venture interest in the Duékoué Molybdenum-Copper Project in Côte d'Ivoire with La Minière de l'Elephant, and operates a wholly-owned Botswana subsidiary, Dalsu Investment Proprietary Limited, that holds four prospecting licences covering ~274 km².

The business is pre-revenue and does not sell products or services; it monetises through exploration success that ultimately converts into a producing or saleable asset. Capital is sourced from equity markets, including a £2.9 million placing and subscription at 22.5 pence per share, and the company reaches investors via regulatory announcements on the AQSE Growth Market and AIM, supported by financial newswire distribution. Its customer base, in the commercial sense, is effectively UK public market investors seeking exposure to African copper exploration. In 2026, Kalahari Copper Limited was acquired by Oscillate PLC (subsequently renamed Serval Resources PLC) for £2 million cash, 30% of post-admission share capital, up to £9 million in milestone-linked payments tied to JORC reports and investment decisions, and a 1.9% net smelter royalty on copper produced, making it a wholly-owned subsidiary of a UK-listed copper-focused vehicle.

Name

Kalahari Copper

Legal name

Kalahari Copper Limited

Website

https://kalaharicopper.com

Company type

Private

Operating status

Acquired

Short description

Kalahari Copper Limited is a pre-revenue copper and silver mineral exploration company holding 21 exploration tenements across ~2,242 km² in Namibia's Kaoko Basin and Botswana's Kalahari Copper Belt, with a joint venture in Côte d'Ivoire. The company was acquired by Serval Resources PLC in 2026 and serves UK public market investors seeking African copper exposure.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Metal Mining (1000)

akta.pro primary industry

Copper Exploration & Resource Development (IMAKADAA)

akta.pro secondary industries

Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid) (IMAKADAH)

Keywords

• Copper exploration
• Mineral exploration
• Silver exploration
• Mining tenements
• Geophysical surveys

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others

Distribution channels1 record

Marketing channels2 records

Core offering

Kalahari Copper Limited is a copper and silver mineral exploration company holding 21 exploration tenements spanning approximately 2,242 km² across two emerging African copper belts: the Kaoko Basin in Namibia and the Kalahari Copper Belt in Botswana. The company also holds a joint venture interest in the Duékoué Molybdenum-Copper Project in Côte d'Ivoire. Exploration activities target sediment-hosted copper-silver mineralisation using ground magnetic geophysical surveys and drilling.

Product overview

Kalahari Copper Limited is a copper and associated future metals exploration company operating across three jurisdictions. The company's portfolio consists of 21 exploration tenements spanning approximately 2,242 km² in two emerging African copper belts: the Kaoko Basin in Namibia and the Kalahari Copper Belt in Botswana. Additionally, the company holds a joint venture interest in the Duékoué Molybdenum-Copper Project in Côte d'Ivoire. Exploration activities include ground magnetic geophysical surveys targeting sediment-hosted copper-silver mineralisation at the Ngwako Pan and D'Kar Formation contact. The company has been acquired by Oscillate PLC (to be renamed Serval Resources PLC) as of April 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Copper Exploration Tenements - Namibia (Kaoko Basin) Exploration licenses in Namibia's Kaoko Basin, representing one of two emerging copper belts held by Kalahari Copper Limited, targeting sediment-hosted copper-silver mineralisation.
• Copper Exploration Tenements - Botswana (Kalahari Copper Belt) Exploration licenses in Botswana's Kalahari Copper Belt, including prospects PL061 and PL082 along strike of Cobre Limited's Ngami Project, and PL232/2018 on strike to MMG's Khoemacau producing mine.
• Duékoué Molybdenum-Copper Project Joint venture in Côte d'Ivoire with La Minière de l'Elephant covering the Duékoué Molybdenum-Copper Project, expanding the company's exposure to copper and molybdenum exploration in West Africa.
• Botswana Prospecting Licenses

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• Botswana Government (Mining Licences)coreOthers · 9 March 2026Government licensing authority granting and renewing prospecting licences. Four prospecting licences were successfully renewed for another two years, including PL232/2018, PL061, PL082, and licences in the Bushman Lineament.
• Cobre LimitedminorStrategic or Co-development Partner · 27 February 2026Strategic proximity to Cobre Limited's Ngami Project. PL061 and PL082 licences are located along strike of Cobre's project in Botswana's Kalahari Copper Belt.
• La Minière de l'ElephantminorStrategic or Co-development PartnerJoint venture partner for the Duékoué Molybdenum-Copper Project in Côte d'Ivoire. La Minière de l'Elephant collaborates with Kalahari Copper's parent company KCL Investments Limited on this exploration project.
• Dalsu Investment Proprietary LimitedcoreOthersWholly owned subsidiary of Kalahari Copper Limited that holds copper licences in Botswana. The subsidiary manages exploration activities including four prospecting licences covering approximately 274 km².
• MMG LimitedminorStrategic or Co-development PartnerStrategic proximity to MMG's Khoemacau producing mine. PL232/2018 licence is on strike to MMG's Khoemacau producing mine, making it a top exploration target.

Scale indicators8 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• MMG Limited: MMG operates the Khoemacau producing copper-silver mine in Botswana, immediately on strike from Kalahari Copper's PL232/2018. As a producing incumbent in the same belt, MMG validates the regional geology and represents the most relevant comparable for deposit type, metallurgy, and ultimate development pathway.
• Sandfire Resources Limited: Sandfire Resources acquired MOD Resources, which held the nearby T3 copper-silver project in Botswana's Kalahari Copper Belt, providing a benchmark for how a junior copper explorer in this belt advances to development/M&A. While Sandfire is broader and now copper-producing, the T3/MOD precedent is highly informative for the Kalahari Copper thesis.
• Antofagasta plc: Antofagasta is a major London-listed copper miner with operations in Chile and a controlling stake in the Twin Metals project. While not Africa-focused, it represents the universe of mid-cap copper producers that could become either comparable valuation references or strategic acquirers for African copper assets.
• Ivanhoe Mines Limited: Ivanhoe Mines is a Canadian-listed major copper explorer/developer with major African copper assets (Kamoa-Kakula in DRC). It is broadly comparable as a benchmark for African copper exploration-to-development execution, capital raising, and ultimately for re-rating on discovery — relevant to understanding Kalahari Copper's potential trajectory.
• First Quantum Minerals Ltd: First Quantum is a major copper miner with substantial operations in Africa (Zambia, DRC). It is broadly comparable as an incumbent African copper producer and serves as a relevant benchmark for African copper project economics, jurisdiction risk, and potential strategic acquirer for assets like Kalahari Copper's portfolio.

Direct peers

• Cobre Limited: Cobre Limited is an Australian-listed copper-silver and base metals explorer whose Ngami Project sits directly along strike from Kalahari Copper's PL061/PL082 licences in Botswana's Kalahari Copper Belt. The two companies operate on adjacent ground targeting the same D'Kar Formation, making Cobre the most direct comparable for exploration thesis, geology, and target risk.
• Arc Minerals Limited: Arc Minerals is a London-listed junior copper explorer focused on Zambia's Central African Copperbelt with advanced copper projects and JV partnerships. It is a direct peer in size, focus, and stage to Kalahari Copper — both are small-cap Africa-focused copper/silver explorers pursuing sediment-hosted copper systems.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kalahari Copper