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Strickland Metals Limited (ASX:STK)

ALERT: Price-sensitive ASX Announcement for STK
Current share price for STK : $0.095 -0.005 (-5%)+
Announcement
Release
26 May 2026 8:59AM
Price at Release
$0.100
Full Release
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Summary
Strickland Metals Limited has announced a significant update to their Gradina Resource within the Rogozna Gold and Base Metals Project in Serbia. The updated Inferred Mineral Resource Estimate (MRE) for the Gradina Deposit reflects a 50% increase, bringing it to 1.8 million ounces of gold at a grade of 2.8 grams per tonne. This expansion contributes to the overall project resource, which now stands at 9.24 million ounces of gold equivalent, reinforcing its Tier-1 status. The revised MRE has been economically constrained with optimal conditions for underground mining operations, using a long-term gold price of US$2,500 per ounce. Significant growth potential remains, with exploration efforts planned to continue into 2026. The company is financially stable with substantial funding available, ensuring continued development of this promising project.
Key Points
  • Strickland Metals Limited announces a 50% increase in the Gradina Resource to 1.8Moz at 2.8g/t Au.
  • The Rogozna Project resource base grows to 9.24Moz AuEq, reinforcing its Tier-1 status.
  • The updated Mineral Resource Estimate (MRE) for the Gradina Deposit is 20Mt at 2.8g/t Au using a 1.5 g/t cut-off.
  • The updated MRE has been constrained by optimised long-hole open stoping underground mining stopes.
  • The project is funded with cash and liquids totaling approximately $81 million as of March 31, 2026.
  • Potential underground mining scenarios include access via an adit from the ridge flank to the east.
  • Geological interpretation shows high-grade gold hosted in multiple steeply dipping lodes.
  • Further drilling in 2026 aims to explore along strike to the north and south and at depth where mineralisation remains open.
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.