62.7m at 3.5g/t Gold Intercept Boosts Rogozna Project Prospects

Exceptional Drill Results at Gradina

Strickland Metals Limited (ASX – STK) has delivered another compelling update from its Rogozna Gold and Base Metals Project in Serbia, announcing a thick, high-grade gold intercept from diamond drill-hole ZRSD25182 at the Gradina Prospect. The standout intercept spans 62.7 metres grading 3.5 grams per tonne gold starting at 386 metres depth, including higher-grade zones of 27.8 metres at 6.3 grams per tonne and 4.1 metres at 8.5 grams per tonne.

This intercept not only underscores the quality of mineralisation at Gradina but also highlights the potential for the deposit to contribute significantly to the overall Rogozna resource inventory, currently estimated at approximately 7.4 million ounces gold equivalent.

Ongoing Drilling Campaign and Resource Development

Strickland is aggressively advancing its exploration program with six diamond rigs currently operating across the project, including four focused on Gradina. The company aims to deliver a maiden Mineral Resource Estimate (MRE) by late 2025, supported by ongoing infill and extensional drilling designed to delineate mineralisation closer to surface and along strike. A seventh rig is expected to commence drilling shortly, marking the largest exploration campaign in the project's history.

Importantly, the mineralisation at Gradina remains open in all directions, suggesting further upside potential. The company is also evaluating the use of surface-based electromagnetic surveys, leveraging the strong association of mineralisation with massive pyrrhotite, to enhance exploration efficiency.

Robust Financial Position and Strategic Partnerships

Strickland maintains a strong financial footing with $34.8 million in cash and liquid assets as of the March 2025 quarter, bolstered by a $5 million strategic investment from Zijin Mining subsequent to quarter-end. This capital strength underpins the company’s capacity to sustain its extensive drilling program and advance the Rogozna Project toward development.

Managing Director Paul L’Herpiniere expressed optimism about the results, noting the exceptional grades and widths encountered and the expectation that Gradina will be a key contributor to the project’s resource base. The company anticipates releasing further assay results from ongoing drilling in the coming weeks.

Geological Context and Exploration Outlook

The Rogozna Project lies within a complex geological setting characterized by skarn-hosted gold-copper mineralisation associated with Cenozoic magmatic activity. The Gradina Prospect exhibits strong pyrrhotite and pyrite alteration within silicified brown-garnet skarn, with mineralisation controlled by carbonate bedding and remaining open toward surface. This geological framework supports the potential for significant resource expansion as drilling continues.

With multiple rigs active and a strategic approach to exploration, Strickland is well-positioned to unlock further value from Rogozna, with the maiden resource estimate a critical milestone on the horizon.