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Strickland Metals Ltd ( (AU:STK) ) has issued an update.
Gateway Mining Limited has successfully acquired the Yandal Gold Project from Strickland Metals Ltd, marking a significant milestone for the company. The project, located in Western Australia, includes a JORC-compliant resource of 400,400 ounces of gold and offers substantial exploration potential. This acquisition strengthens Gateway’s gold portfolio in the Yandal Greenstone Belt, a relatively underexplored area with promising prospects. The company plans to advance the Horse Well mining license application and explore additional targets, aiming to capitalize on the strategic significance of this asset.
The most recent analyst rating on (AU:STK) stock is a Buy with a A$0.16 price target. To see the full list of analyst forecasts on Strickland Metals Ltd stock, see the AU:STK Stock Forecast page.
More about Strickland Metals Ltd
Average Trading Volume: 3,109,246
Technical Sentiment Signal: Buy
Current Market Cap: A$339.4M
See more data about STK stock on TipRanks’ Stock Analysis page.