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Strickland Metals Ltd ( (AU:STK) ) has provided an update.
Strickland Metals has launched a A$55 million institutional placement at A$0.16 per share, a 15.8% discount to its last close, to fund an extensive 70,000-metre drilling campaign and progress study work at its Rogozna gold project in Serbia. The capital raising, which will expand the company’s register with global and domestic institutions and is strongly supported by major shareholders Ibaera and Zijin Mining Group, is aimed at delivering updated mineral resource estimates in late 2026 and a Pre-Feasibility Study in the first half of 2027, marking a significant step in de-risking and advancing Rogozna as a major development asset.
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 Limited is an ASX-listed mineral exploration company focused on advancing its 8.6 million-ounce gold equivalent Rogozna project in Serbia. The company’s core activities center on resource and exploration drilling and progressing study work to transition Rogozna into a pre-eminent development-stage gold project, targeting institutional and sophisticated investors in global and domestic capital markets.
Average Trading Volume: 2,850,141
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$434.7M
Learn more about STK stock on TipRanks’ Stock Analysis page.