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Strickland Metals Ltd ( (AU:STK) ) has provided an update.
Strickland Metals has completed a A$55 million institutional placement at A$0.16 per share, issuing approximately 343.2 million new shares to fund an intensive 2026 exploration program and study work at its Rogozna project in Serbia. The equity raising, backed by strong demand from domestic and international institutions and further support from major shareholders Ibaera and Zijin Mining Group, will finance an additional 70,000 metres of drilling, updated resource estimates in late 2026, and progression from an internal scoping study to a full Pre-Feasibility Study targeted for the first half of 2027, strengthening Strickland’s balance sheet and positioning Rogozna for potential future development to the benefit of existing and new shareholders.
The most recent analyst rating on (AU:STK) stock is a Hold with a A$0.20 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-listed mineral exploration company focused on advancing its Rogozna gold and copper project in Serbia, which currently hosts an 8.6 million ounce gold-equivalent inferred resource. The company’s core activities centre on resource and exploration drilling, mineral resource definition, and advancing economic studies to progress Rogozna towards potential development, targeting key deposits such as Shanac, Gradina, Copper Canyon and Red Creek.
Average Trading Volume: 2,908,634
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$434.7M
For detailed information about STK stock, go to TipRanks’ Stock Analysis page.