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Strata Minerals Limited (ASX:SMX)

ALERT: Price-sensitive ASX Announcement for SMX
Current share price for SMX : $0.018 -0.006 (-23.40%)+
Announcement
Release
28 Nov 2025 9:44AM
Price at Release
$0.024
Full Release
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Summary
Strata Minerals Limited (ASX: SMX) has commenced a maiden reverse circulation drilling program at its 100%-owned Zelica Gold Project in the Goldfields region of Western Australia. The program aims to confirm and extend shallow, high-grade gold mineralization along an approximately 1km strike length, which is open at depth and along strike. This marks the first exploration activity at Zelica in over a decade. The project is strategically located within close proximity to significant gold deposits and processing mills. Initial assay results are expected in early Q1 2026, with plans for a larger drilling program contingent on these results.
Key Points
  • Strata Minerals Limited has started a maiden 2,000m RC drilling program at Zelica.
  • The program targets high-grade gold mineralization along a 1km strike.
  • Zelica is located in a highly endowed gold district with excellent infrastructure access.
  • No exploration has been conducted at Zelica in over 10 years.
  • The initial program includes approximately 20-25 holes focusing on infill and step-out drilling.
  • First assay results from the drilling program are expected early Q1 2026.
  • Zelica offers potential for near-term gold extraction opportunities.
  • The project is located within 50km of multiple million-ounce gold deposits.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.