Strickland Metals Unveils Massive Gold Intercept at Kotlovi, Serbia

A Breakthrough at Kotlovi

Strickland Metals Limited (ASX – STK) has announced a landmark drilling result from its Kotlovi Prospect, part of the expansive Rogozna Gold and Base Metals Project in Serbia. The first follow-up hole of the 2025 campaign, ZRSD25189, returned an impressive intercept of 277.3 metres grading 1.3 grams per tonne gold equivalent (AuEq), including several higher-grade zones. This discovery lies a mere 350 metres west of the established 1.28 million ounce AuEq Medenovac deposit, underscoring the exceptional growth potential within the Rogozna district.

Geological Significance and Mineralisation Style

The Kotlovi mineralisation is skarn-hosted, a style consistent with other deposits in the Rogozna project. The drill hole intersected two distinct mineralised zones – an eastern gold-dominant zone and a western polymetallic zone containing gold alongside copper, lead, zinc, and silver. Notably, the gold zones include intervals such as 33.5m at 2.9g/t Au and a standout 2m at 15.3g/t Au, highlighting the presence of high-grade shoots within a broad mineralised envelope.

Geologically, the mineralisation is associated with a steep structural feature and extensive skarn alteration adjacent to quartz-diorite intrusions. Surface geochemical anomalies extend over approximately one kilometre, much of which remains untested, suggesting significant exploration upside.

Ongoing Exploration and Project Scale

Drilling at Kotlovi has now defined mineralisation along roughly 200 metres of strike, with the system remaining open in all directions, including up-dip towards surface. The company is actively drilling with eight rigs across the Rogozna Project, targeting extensions at Kotlovi and other prospects such as Jezerska Reka, Obradov Potok, Gradina, and Shanac. Assay results from multiple holes are pending, promising further news in the coming weeks.

Strickland’s Managing Director, Paul L’Herpiniere, emphasised the significance of the results, describing Kotlovi as a rapidly emerging key target for resource growth. The company’s strong cash position of $32.7 million provides a solid foundation to advance exploration and resource definition.

Strategic Implications

This discovery adds to the already substantial 7.4 million ounce AuEq resource base at Rogozna, which includes the Medenovac, Shanac, and Copper Canyon deposits. The proximity of Kotlovi to Medenovac suggests potential for resource consolidation and scale economies in future development. Moreover, the polymetallic nature of the mineralisation could enhance project economics through multiple metal credits.

While the true widths of mineralisation are still being refined, the continuity and grade of the intercepts provide a compelling case for accelerated drilling and resource modelling. The results also reinforce Serbia’s position as an emerging jurisdiction for significant gold and base metals discoveries.