InvestSMART

Strata Minerals Limited (ASX:SMX)

ALERT: Price-sensitive ASX Announcement for SMX
Current share price for SMX : $0.017 -0.008 (-32%)+
Announcement
Release
10 Mar 2026 9:45AM
Price at Release
$0.025
Full Release
download
Summary
Strata Minerals Limited, listed on the ASX as SMX, is preparing to commence its phase 2 drilling program at the Zelica Gold Project in Western Australia, with plans for approximately 20 reverse circulation drill holes aimed at exploring depth extensions of high-grade gold mineralization. This comes after promising results from a successful maiden drill program and the recent acquisition of the Zelica South Project, which extends the gold-mineralized corridor to over 8 km. Situated on a granted mining licence, the project benefits from excellent infrastructure and proximity to several major gold deposits.
Key Points
  • Strata Minerals Limited is set to commence phase 2 drilling at the 100%-owned Zelica Gold Project in Western Australia.
  • The drilling program will include approximately 20 reverse circulation holes totaling 2,500 meters.
  • The aim is to target depth extensions of high-grade gold mineralization and accelerate the delivery of a Maiden JORC 2012 compliant Mineral Resource Estimate.
  • Significant gold mineralization has been identified along a ~1km strike at Zelica, which remains open at depth and along strike.
  • The recently acquired Zelica South Project extends the gold corridor to over 8km, providing further exploration potential.
  • Previous standout intercepts from the maiden drill program include high-grade gold intervals such as 10m @ 3.18g/t Au and 9m @ 2.07g/t Au.
  • The project is situated on a granted mining licence with excellent infrastructure and proximity to multiple >1Moz 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.