Strickland Metals Unveils Impressive High-Grade Drilling at Shanac Ahead of Resource Update

Robust Drilling Reinforces Shanac’s Potential

Strickland Metals Limited (ASX – STK) has kicked off 2026 with a strong update from its Rogozna Project in Serbia, delivering further wide and high-grade drill intercepts from the cornerstone 5.3 million ounce gold equivalent (AuEq) Shanac Deposit. The latest diamond drilling results underscore the deposit’s dual potential for both bulk-tonnage and higher-grade mineralisation, reinforcing its status as a key asset within the company’s portfolio.

Among the standout results, drill hole ZRSD25222 returned an impressive 113.4 metres at 1.7g/t AuEq from 451 metres, including a higher-grade segment of 7 metres at 6.0g/t AuEq. Other holes, such as ZRSD25228 and ZRSD25230, also delivered significant intercepts, with grades and widths that highlight the deposit’s geological complexity and resource upside.

Strategic Resource Update on the Horizon

These drilling results are timely as Strickland prepares to release an updated Mineral Resource Estimate (MRE) for Shanac later this quarter. The new data will incorporate these recent intercepts, potentially enhancing the resource’s scale and grade profile. The company’s Managing Director, Paul L’Herpiniere, emphasised the importance of these results in defining both the extent and quality of mineralisation, which is crucial for advancing the project towards development.

With assays still pending from multiple holes across the Rogozna Project, further news flow is expected in the coming weeks, maintaining investor interest and market momentum. The ongoing exploration program reflects Strickland’s commitment to aggressively delineating and expanding its resource base.

Financial Strength Supports Exploration Ambitions

Strickland’s robust financial position, with $41.8 million in cash and liquid assets as of 30 September 2025, provides a solid foundation for continued exploration and project advancement throughout 2026. This strong balance sheet positions the company well to capitalise on the favourable commodity price environment and to pursue further drilling and resource development activities without immediate capital constraints.

The Rogozna Project itself is a large-scale skarn-hosted gold and base metals system, with Shanac representing the largest deposit within the portfolio. The recent drilling has not only confirmed extensions of mineralisation but also provided greater clarity on the higher-grade zones that could underpin future mining scenarios.

Looking Ahead

As Strickland advances towards its resource update, the market will be watching closely to see how these new drill results translate into an upgraded resource base. The combination of wide intercepts and high-grade zones suggests a deposit with both scale and economic potential, which could attract further investor interest and potentially enhance the company’s valuation.

With exploration momentum building and a strong financial footing, Strickland Metals appears poised for a pivotal year in 2026, as it seeks to unlock the full value of its Rogozna Project in Serbia.