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An announcement from Strickland Metals Ltd ( (AU:STK) ) is now available.
Strickland Metals has reported encouraging first-pass diamond drilling results from the Obradov Potok prospect at its Rogozna project in Serbia, confirming carbonate-replacement lead-zinc-silver mineralisation along a 6km structural trend linked to major deposits such as Gradina and Copper Canyon. The mineralisation is interpreted as an outer halo to a potential copper-gold skarn system, supported by a large gravity anomaly comparable to other key Rogozna deposits.
Management has elevated Obradov Potok to a priority target, planning further drilling in the 2026 field season to test the interpreted core of the copper-gold skarn system and key intersections of ENE and NNW ore-controlling structures. With a strong funding position following a substantial institutional placement, the company is well capitalised to advance exploration across the broader Rogozna system, aiming to unlock a major new discovery and enhance the project’s overall scale and endowment.
The most recent analyst rating on (AU:STK) stock is a Hold with a A$0.18 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 Australian exploration company focused on gold and base metals, with its flagship 100%-owned Rogozna Gold and Base Metals Project in Serbia. The project hosts an estimated 8.6 million ounces of gold equivalent and includes multiple deposits and prospects, positioning the company as an emerging player in large-scale copper-gold and polymetallic systems.
Average Trading Volume: 7,244,238
Technical Sentiment Signal: Buy
Current Market Cap: A$526.4M
Learn more about STK stock on TipRanks’ Stock Analysis page.