Strickland Metals Uncovers Record 700m Gold-Zinc Intercept at Gradina

Exceptional Drilling Results at Gradina

Strickland Metals Limited (ASX:STK) has unveiled outstanding assay results from its ongoing drilling campaign at the Gradina Deposit, part of the Rogozna Gold and Base Metals Project in Serbia. The highlight is drill hole ZRSD25212, which intersected an unprecedented 702.5 metres of continuous gold and zinc mineralisation starting from 274.1 metres depth. This intercept is the longest ever recorded at Gradina and among the largest at the Rogozna Project overall.

Complementing this, hole ZRSD25220 returned 365.8 metres of mineralisation with similarly impressive grades. Both holes reveal multiple thick, higher-grade zones, with gold grades reaching up to 4.3 grams per tonne and zinc concentrations exceeding 4% in certain intervals. These results underscore the robust nature of the mineralised system and its potential scale.

Geological Insights and Mineralisation Controls

The mineralisation at Gradina is hosted within skarn formations, characterised by sulphide minerals such as pyrite and sphalerite, alongside arsenopyrite and chalcopyrite. Notably, higher-grade zones are spatially associated with the margins of northeast-trending quartz monzonite intrusions and structural folding within the carbonate protolith. The drilling campaign has revealed a zonation pattern where gold-zinc mineralisation dominates nearer the surface, while deeper zones show more gold-rich signatures close to intrusive bodies.

Ongoing Drilling and Resource Development

Strickland currently operates seven diamond drilling rigs at Rogozna, with three focused on Gradina’s central “gap zone” to establish connectivity between northern and southern mineralised areas. This work is critical to underpinning the maiden Mineral Resource Estimate (MRE) for Gradina, anticipated by early December 2025. The company’s strong cash position of $41.8 million as of 30 September 2025 provides ample funding to sustain this aggressive exploration program.

Importantly, the mineralisation remains open along strike to the southeast and down-dip, suggesting significant upside potential beyond the current drilling footprint. The extensive intercepts and geological continuity provide a compelling case for resource growth, which could materially enhance the project’s valuation and development prospects.

Strategic Positioning in Serbia’s Mining Landscape

The Rogozna Project sits within a prolific metallogenic belt in Serbia, with exploration licenses fully owned by Strickland’s Serbian subsidiary. The project benefits from established infrastructure and a supportive regulatory environment. Royalty agreements with Franco Nevada and Mineral Grupa d.o.o are in place but do not impede ongoing exploration and potential development.

Strickland’s methodical approach, combining detailed geological modelling, extensive geochemical surveys, and high-quality diamond drilling, positions the company well to unlock the full potential of this large-scale gold and base metals system.