Strickland Delivers More High-Grade Drilling Hits at Serbia’s 5.3Moz Shanac Deposit

Strickland Metals Ltd ( (AU:STK) ) has issued an update.

Strickland Metals has reported further wide and high-grade copper-gold drill intercepts from three recent diamond drill holes at the 5.3Moz gold-equivalent Shanac Deposit within its Rogozna Project in Serbia, underscoring both bulk-tonnage and higher-grade zones of mineralisation. The latest results, which include long intervals above 1g/t AuEq and higher-grade sub-intervals over 6g/t AuEq, will feed into an updated Shanac Mineral Resource Estimate due later in the March quarter, while additional assays remain pending. Management emphasised that the new intercepts confirm extensions of mineralisation and better define higher-grade domains, reinforcing Shanac’s scale and quality at a time of strong metal prices. Backed by a robust balance sheet with $41.8 million in cash and liquids as at 30 September 2025, Strickland positions itself for a busy 2026 exploration program and potentially enhanced project economics and valuation as resources are refined.

The most recent analyst rating on (AU:STK) stock is a Hold with a A$0.22 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

Strickland Metals Ltd is an ASX-listed mineral exploration company focused on gold and base metals, with its flagship 100%-owned Rogozna Project in Serbia hosting multiple skarn-hosted deposits totalling about 8.6 million ounces of gold-equivalent resources, including the 5.3 million ounce Shanac Deposit. The company is well funded, with significant cash and liquid assets supporting an aggressive exploration program aimed at expanding and upgrading its resource base.

Average Trading Volume: 2,748,853

Technical Sentiment Signal: Buy

Current Market Cap: A$480.5M

For an in-depth examination of STK stock, go to TipRanks’ Overview page.