Strickland Metals (ASX: STK) has announced encouraging first-pass drilling results at its Obradov Potok prospect within the Rogozna Project in Serbia, identifying a significant 6km trend and planning follow-up drilling for a potential copper-gold skarn core.
The drilling at Obradov Potok intersected carbonate replacement lead-zinc-silver mineralisation extending along an ENE-WSW trend, stretching approximately 6km from Jezerska Reka to the Gradina–Copper Canyon area.
These intersections are interpreted to be controlled by the convergence of ENE and NNW structures primarily identified through gravity data.
Significant results included ZRPD25004, which delivered 2.9m at 3.2% lead, 1.7% zinc, and 19.2g/t silver including a higher-grade sub-interval of 1.5m at 5.1% lead, 2.1% zinc, and 32.6g/t silver.
Potential for Copper-Gold Core
Management expects the intersected base metal mineralisation to represent an outer halo, proximal to a new copper-gold skarn system.
Follow-up drilling is planned to commence in Q2 2026, specifically targeting the interpreted core of this system and the intersections of interpreted structures.
The Obradov Potok prospect exhibits a major gravity anomaly.
This anomaly is similar in scale to the known Gradina, Shanac, and Copper Canyon deposits within the Rogozna Project, suggesting significant potential for further discoveries.
Previous drilling at Gradina has consistently shown wide, high-grade, gold-dominant skarn-hosted mineralisation.
This supports the company's broader understanding of skarn systems within the project area, highlighting the potential for similar mineralisation at Obradov Potok.
Well-Funded for Exploration
Strickland Metals is in a robust financial position. The company reported A$38.2 million in cash and liquids as of 31 December 2025.
This strong balance sheet has been further bolstered by the successful completion of an A$55 million institutional placement.
This placement secures significant funding for ongoing activities.
The proceeds from the placement are earmarked to fund an expanded 2026 drilling program at the Rogozna Project.
This program includes an additional 70,000m of resource and exploration drilling, as well as supporting a Pre-Feasibility Study targeting the first half of 2027.
Rogozna Project Context
The Rogozna Project in Serbia is a significant asset for Strickland Metals.
It hosts multiple key prospects, including Gradina, Shanac, Copper Canyon, and the newly explored Obradov Potok.
Early 2026 drilling at Gradina continued to deliver wide, high-grade, gold-dominant skarn-hosted mineralisation.
This demonstrates the prospectivity of the region for precious metals.
An updated Mineral Resource Estimate for Shanac is anticipated in April 2026.
The company is also working towards a Pre-Feasibility Study for the overall Rogozna project, targeted for the first half of 2027.
