Update on Rogozna Project, Serbia

Strickland Metals Limited (ASX: $STK) has announced the commencement of a 60,000m drilling campaign at the Rogozna Project in Serbia. The first two diamond drilling rigs have arrived and are focusing on infill and extensions to the 4.6Moz Au Eq Shanac Mineral Resource. The project aims to extend and upgrade the Mineral Resource at Shanac and Copper Canyon, define maiden Mineral Resources at Medenovac and Gradina, and test the extensive pipeline of targets within the project area.

Executive Commentary

Anthony McClure, Chairman of Strickland, expressed his satisfaction with the commencement of the 2024/25 drilling program at Rogozna. The program, which is the largest ever exploration drilling program at the Project, will involve four diamond rigs drilling 24/7. The initial focus will be on the 4.6Moz Au Eq Shanac deposit, with the aim of driving expansion of the current Mineral Resource. The drilling will also work towards releasing maiden Mineral Resources for the advanced Medenovac and Gradina prospects. Additionally, the Company will dedicate one diamond rig to testing the pipeline of excellent exploration targets, with a higher priority placed on targets exhibiting strong copper-gold porphyry potential.

Summary

Strickland Metals Limited (ASX: $STK) has initiated a significant 60,000m drilling campaign at the Rogozna Project in Serbia. The project aims to extend and upgrade the Mineral Resource at Shanac and Copper Canyon, define maiden Mineral Resources at Medenovac and Gradina, and test the extensive pipeline of targets within the project area. The Company plans to complete the Rogozna Project Acquisition on 1 July 2024 and is well funded with approximately $51.4m in cash and Northern Star Resources Ltd (ASX: $NST) shares. The upcoming drilling program is expected to drive substantial resource growth and provide further updates on the project's progress.