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Strickland Metals Limited (ASX:STK)

ALERT: Price-sensitive ASX Announcement for STK
Current share price for STK : $0.055 -0.013 (-19.12%)+
Announcement
Release
16 Sep 2026 9:20AM
Price at Release
$0.068
Full Release
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Summary
Strickland Metals announced that a recently completed Magnetotelluric (MT) survey at its 100%-owned Rogozna Gold and Base Metals Project in Serbia has identified a major new large-scale exploration target at the Obradov Prospect, where a low-resistivity, high-chargeability anomaly coincides with gravity, IP, geochemical and prior drilling data, strengthening the interpretation of a potentially large porphyry/skarn mineralised system after 2025 drilling intersected carbonate replacement style Pb-Zn-Ag mineralisation on the anomaly’s upper margin; the survey also identified a new target at Jezerska North linked to conductivity and surface geochemical anomalism, and showed that the Jezerska porphyry system extends about 900 metres east of existing drilling with its most conductive zones still untested, reinforcing broader discovery potential across the ~9.25Moz AuEq Rogozna Project, while the company noted ongoing baseline surveys for PFS work, further target generation, scout drilling plans for identified targets, and a strong funding position with cash and liquids of $72 million as at 30 June 2026.
Key Points
  • MT survey identified multiple new anomalies across the Rogozna Project area.
  • The largest new anomaly is beneath Obradov and is characterised by low resistivity and high chargeability.
  • Obradov is now considered one of Strickland’s largest and most prospective targets for new discoveries.
  • Previous 2025 drilling at Obradov intersected carbonate replacement style Pb-Zn-Ag mineralisation, interpreted as distal to a porphyry/skarn system.
  • The Obradov target is supported by converging MT, gravity, IP, geochemical and drilling evidence.
  • At Jezerska, MT identified a significant conductive anomaly associated with the known porphyry system.
  • The Jezerska conductive feature extends about 900 metres east of current drilling and remains largely untested.
  • A new prospect at Jezerska North was identified from MT conductivity and coincident surface geochemical anomalism.
  • The Zlatni Kamen licence remains highly prospective for skarn, porphyry and epithermal mineralisation.
  • Strickland reported cash and liquids of $72 million as at 30 June 2026.
  • Next steps include ongoing baseline surveys for PFS studies, further target generation and scout drilling of identified targets.
  • The Rogozna Project total Mineral Resource quoted in the announcement is 217Mt at 1.33g/t AuEq for 9.25Moz AuEq.
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.