Strata Minerals Expands Zelica Footprint With Zelica South Acquisition

The latest update is out from Nickelx Ltd ( (AU:SMX) ).

Strata Minerals has completed the 100% acquisition of the Zelica South Project, adding two tenements to its holdings and consolidating an approximately 8km gold-mineralised corridor across the Zelica and Zelica South areas in Western Australia’s Yundamindra region. The enlarged land position, situated near multiple million-ounce deposits and existing mills, strengthens Strata’s regional footprint and provides scale for potential resource growth.

Historical work at Zelica South shows encouraging shallow gold results and high-grade rock chips along an underexplored 6km trend, with recent fieldwork including mapping and sampling now complete and assays due in March. Follow-up reverse circulation drilling at Zelica is scheduled to start in mid-March 2026 to test extensions of consistent, shallow, high-grade intercepts and deeper targets, marking an active exploration phase that could materially influence the project’s development path and the company’s growth prospects.

The most recent analyst rating on (AU:SMX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Nickelx Ltd stock, see the AU:SMX Stock Forecast page.

More about Nickelx Ltd

Strata Minerals Limited is an Australian gold exploration company listed on the ASX and focused on advancing its Zelica Gold Project in Western Australia’s Yundamindra region near Leonora and Laverton. The company’s strategy centres on consolidating strategic tenements along a prospective gold corridor within trucking distance of existing processing infrastructure, aiming to grow shallow, high-grade resources through drilling and fieldwork-led targeting.

Average Trading Volume: 939,711

Technical Sentiment Signal: Hold

Current Market Cap: A$6.89M

Learn more about SMX stock on TipRanks’ Stock Analysis page.