Exploration Risks Loom as Strickland Eyes Porphyry Deposits Beneath Volcanic Cover
Strickland Metals has identified multiple new porphyry target areas at its Rogozna Gold and Base Metals Project in Serbia, following a comprehensive gravity survey integrated with existing geophysical data. This breakthrough enhances the company’s exploration pipeline and sets the stage for upcoming drilling campaigns.
- New gravity survey reveals multiple mineralisation-controlling structures
- Integration with IP and magnetic data defines compelling structural framework
- Multiple porphyry-style targets identified beneath volcanic cover
- Magnetotelluric survey planned to refine targets ahead of drilling
- Company holds $52.4 million in cash and liquids as of June 2025
Exploration Breakthrough at Rogozna
Strickland Metals Limited (ASX – STK) has announced a significant advancement in its exploration efforts at the Rogozna Gold and Base Metals Project in Serbia. A recently completed gravity survey, combined with existing induced polarization (IP) and remanent magnetic data, has delineated a new project-scale structural framework. This framework highlights three major mineralisation-controlling structures that traverse the area, providing a fresh lens through which to target large-scale mineral systems.
These findings are particularly important given the challenging geology of the region, where younger volcanic cover obscures the underlying prospective sequences. The integration of geophysical datasets has allowed Strickland to identify multiple circular high-density anomalies interpreted as magmatic intrusive centres, classic indicators of porphyry-style mineralisation. This expands the potential beyond the known skarn-hosted deposits such as Shanac, Gradina, and Medenovac.
Strategic Next Steps and Funding
Building on these insights, Strickland plans to commence a magnetotelluric (MT) survey in the coming weeks. This deep-penetrating geophysical technique will refine the understanding of subsurface structures and help pinpoint the highest priority drill targets. Initial drill testing is expected to begin in late 2025, marking a critical phase in validating the newly identified porphyry targets.
Financially, the company remains well-positioned to advance its exploration programs, reporting $52.4 million in cash and liquid assets as of 30 June 2025. This strong balance sheet underpins ongoing activities, including a 50,000-metre drilling campaign aimed at expanding the existing resource base.
Implications for the Rogozna Project
Strickland’s Managing Director, Paul L’Herpiniere, emphasised the scale and fertility of the Rogozna geological environment, noting that the new gravity survey results have revealed fertile ground for multiple large-scale mineral systems. The identification of key structural corridors and associated anomalies provides a focused framework for exploration, increasing the likelihood of discovering significant porphyry copper-gold deposits beneath the volcanic cover.
With a current inferred mineral resource estimate of approximately 7.4 million ounces gold equivalent, Rogozna is already a substantial asset. The new targets, if confirmed by drilling, could materially enhance the project’s resource profile and strategic value.
Bottom Line?
Strickland’s integration of advanced geophysical data is setting the stage for a potentially transformative exploration phase at Rogozna.
Questions in the middle?
- Will the upcoming magnetotelluric survey confirm the most promising porphyry targets?
- How might new drilling results impact the overall resource estimate and project valuation?
- What are the timelines and capital requirements for advancing these new targets to development?
