Strickland Metals Ltd ( (AU:STK) ) has issued an announcement.
Strickland Metals Ltd has announced a significant update to its Mineral Resource Estimate (MRE) for the Horse Well Gold Camp, part of the Yandal Gold Project in Western Australia. The update reveals a 56% increase in the project’s resource base, now totaling 400,400 ounces of gold, with a notable 97% increase at the Horse Well site alone. This expansion positions the Yandal Project as a significant growth opportunity, especially given the rising gold prices and successful metallurgical test results. The company plans further drilling to enhance resource classification and explore high-grade mineralization, indicating potential for substantial future growth.
More about Strickland Metals Ltd
Strickland Metals Ltd is a company operating in the mining industry, focusing on the exploration and development of gold resources. Its primary market focus is on the Yandal Gold Project in Western Australia, where it aims to expand its resource base through extensive drilling and exploration activities.
YTD Price Performance: 20.48%
Average Trading Volume: 2,230,599
Technical Sentiment Signal: Sell
Current Market Cap: A$220.7M
See more data about STK stock on TipRanks’ Stock Analysis page.