Strickland Metals Set to Unveil Maiden Gold Resource Estimate for Gradina Prospect in Serbia

Strickland Metals (ASX: STK) has received a boost in the lead-up to the release later this year of a maiden mineral resource estimate (MRE) from the Gradina prospect, part of the company’s 100%-owned Rogozna gold and base metals project in Serbia.

Ongoing drilling at Gradina continues to improve the definition of gold-dominant mineralisation at the prospect, with highlight results including 34.4 metres at 2.6 grams per tonne gold from 329.5m and 14.5m at 4.4g/t gold from 332.1m.

Assays are pending for several holes from Gradina, Shanac and Kotlovi, with the company expecting further results in coming weeks.

Mineralisation Remains Open

Mineralisation at Gradina remains open in all directions including up-dip towards surface, where strong geochemical responses are evident in soil samples.

“This latest batch of results from Gradina continues to demonstrate the continuity of the gold-dominant system towards the northern end of the deposit,” managing director Paul L’Herpiniere said.

“Importantly, the spatial distribution of these intercepts confirms our current geological model, indicating that the geometry of the mineralisation zone is consistent.”

Mineralisation is also open down-dip where drilling confirms thickening of mineralisation at depth.

Multiple Rigs Operational

Drilling in the northern section of Gradina has recently been completed, with five rigs now working on the southern part of the deposit.

Strickland is looking to report further results in the coming weeks, with new Gradina MRE to be an important addition to the Rogozna project and its 7.4 million ounces of gold equivalent resource.

Eight rigs are now operating at Rogozna with one rig at the Shanac target and two more focused on exploration at other prospects.

Major Copper Producer

Rogozna Project is located in one of Europe’s largest base metal mining centres, Serbia’s Trepca mineral district.

Serbia is Europe’s second-largest copper producer, and in July 2024, the nation signed a memorandum of understanding with the European Union to create a strategic partnership on sustainable raw materials, battery value chains, and electric vehicles.

 Strickland remains extremely well-funded, with $34.8 million in cash and liquid assets as at 31 March 2025, and the company subsequently received a further $5m strategic investment from Zijin Mining.