Strickland Metals Limited (ASX:STK) Announces 2025 Rogozna Exploration Update
Exploration Progress
Strickland Metals Limited (ASX:STK) has commenced its 2025 work program at the 7.4Moz AuEq Rogozna Gold and Base Metals Project in Serbia. To date, eight diamond core holes have been completed since March, with assays from the first two Shanac holes expected next week. Currently, six rigs are operational at Rogozna, including four in the northern part of Gradina, aiming to support a maiden Mineral Resource Estimate by late 2025. Exploration for potential blind porphyry copper-gold deposits is set to begin in June.
Financial Position
Strickland Metals remains well-funded with $34.8 million in cash and liquid assets as of March 31, 2025. Additionally, the company received a strategic investment of $5 million from Zijin Mining following the March Quarter, enabling the largest-ever exploration program at Rogozna.
Executive Comments
Managing Director Paul L’Herpiniere stated, “Following an exceptional year of exploration at Rogozna in 2024, which resulted in a ~2Moz AuEq increase in our resource base to 7.4Moz AuEq, we are excited to increase our efforts to grow and progress the Project during 2025. We will have multiple key catalysts throughout the year and once again expect to be one of the most active explorers in the region and on the ASX, with regular news-flow to continue throughout the course of 2025. As part of our preparations for the largest ever exploration program at Rogozna, we have recently employed a further ten technical and support staff in Serbia and I would like to personally welcome the new members of our team and look forward to seeing their contribution to the growth and progression of Rogozna as we aim to further demonstrate its exceptional potential in 2025 and beyond.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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