Update on Yandal Gold Project

Strickland Metals Limited (ASX: $STK) has commenced pad clearing at its 100% owned Yandal Gold Project, with drilling set to begin next week. The company remains well funded with cash and Northern Star Resources Ltd (ASX: $NST) shares totaling approximately $54m at the end of the previous quarter.

Executive Commentary

We have been particularly excited for programs to recommence at our Yandal gold project, given the large number of targets defined out of last year's exploration efforts that require follow up drilling. Specifically, drilling is planned to commence at the Palomino-Clydesdale trend; the Bronco-Konik trend; the Warmblood-Filly trend; Marwari; and a number of other earlier stage targets. Given the pace we conducted our exploration programs towards the end of 2023 (particularly trying to incorporate as much drilling as possible before the Christmas break), there remains a lot of promising follow-up work to be undertaken. This also includes continuing work at Rabbit Well, which was unfortunately halted due to recent inclement weather conditions. Now that the site has dried out after heavy rains during March, pad clearing has now commenced. An RC rig will arrive back on site next week, and a diamond rig is scheduled to commence drilling the following week. We are currently finalizing drilling plans for the coming months, and expect to release details of the upcoming drilling programs very shortly. Given the schedule of work and the high-quality nature of the targets we are drilling, it promises to be a very exciting 2024 for Strickland's numerous drilling campaigns. Further updates will be provided shortly.

Summary of Yandal Project Update

Strickland Metals Limited (ASX: $STK) has initiated pad clearing at its Yandal Gold Project, signaling the commencement of drilling activities next week. The company plans to test large-scale gold targets at various prospects and continue exploration efforts that were hindered by heavy rains in regional WA. With a strong financial position, including approximately $54m in cash and Northern Star Resources Ltd (ASX: $NST) shares, Strickland is well-positioned to execute its drilling programs. The Chief Executive Officer, Andrew Bray, expressed enthusiasm for the upcoming drilling campaigns and highlighted the promising nature of the targets. The company aims to release details of the upcoming drilling programs shortly, setting the stage for an exciting 2024 for Strickland's exploration endeavors.