Can Strickland’s Aggressive Drilling Sustain Rogozna’s High-Grade Momentum?

Accelerating Exploration at Rogozna

Strickland Metals Limited has significantly stepped up its exploration campaign at the Rogozna Gold and Base Metals Project in Serbia by commissioning a seventh diamond drill rig. This expansion underscores the company’s commitment to rapidly advancing its 7.4 million ounce gold equivalent resource, with a particular focus on high-grade gold mineralisation.

The newly arrived rig has commenced a strategic 250-metre up-dip step-out hole at the Gradina Prospect, following up on recent impressive intercepts that included 62.7 metres grading 3.5 grams per tonne gold, with higher-grade zones within. This drilling aims to extend known mineralisation boundaries and deepen understanding of the deposit’s vertical and lateral extent.

Multiple Rigs Targeting Key Prospects

Currently, Strickland operates five rigs at Gradina, one at the Shanac Prospect, and one focused on the Kotlovi Prospect, reflecting a broad and aggressive exploration footprint. The Gradina Prospect itself hosts multiple thick, high-grade gold lodes that extend over approximately 1,000 metres along strike and 900 metres vertically, remaining open in all directions. This scale and grade potential have justified the deployment of multiple rigs to accelerate drilling density and resource definition.

Following the Gradina step-out hole, the seventh rig will move to the Jezerska Reka Prospect, where earlier drilling indicated a promising copper-gold porphyry system, suggesting potential for base metals alongside gold.

Financial Strength Supports Ambitious Program

Strickland’s exploration push is underpinned by a robust financial position, with $34.8 million in cash and liquid assets as of March 31, 2025, supplemented by a $5 million strategic investment from Zijin Mining after the quarter’s end. This capital base provides the company with the flexibility to sustain its aggressive drilling program and advance towards a maiden Mineral Resource Estimate, targeted for delivery by the end of 2025.

Managing Director Paul L’Herpiniere highlighted the rapid pace of exploration, noting that the multiple rigs and ongoing drilling success at Gradina are key to expanding the resource inventory. Pending assay results from numerous holes are eagerly awaited and expected to provide further clarity on the project’s potential.

Looking Ahead

As Strickland continues to delineate and expand its high-grade gold zones, the Rogozna Project is shaping up as a significant asset in the company’s portfolio. The combination of scale, grade, and financial backing positions Strickland well to unlock value in Serbia’s emerging gold and base metals landscape.