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Strickland Metals Ltd ( (AU:STK) ) has shared an update.
Strickland Metals has reported a significant new gold-copper discovery at the Red Creek prospect, about one kilometre west of its Shanac deposit in Serbia, intersecting both shallow epithermal and deeper skarn-hosted mineralisation with substantial widths and grades. The company says the find, which remains open with extensive untested strike and lateral potential, adds another high-priority growth target within the Rogozna project.
A resource update at Shanac has delivered a maiden Indicated resource of 1.25 million ounces of gold equivalent within a total 5.35 million-ounce gold-equivalent inventory, including higher-grade zones that enhance the project’s development appeal. Backed by an oversubscribed A$55 million institutional placement and cash and liquid investments of A$81 million, Strickland is planning extensive follow-up drilling and geophysical surveys in 2026 as it works towards pre-feasibility studies by mid-2027.
The most recent analyst rating on (AU:STK) stock is a Buy with a A$0.65 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 advancing its Rogozna gold-copper-zinc-lead-silver project in Serbia. The company targets large-scale, multi-commodity deposits, with a particular emphasis on expanding resources at the Shanac and surrounding prospects through aggressive drilling and geophysical programs.
Average Trading Volume: 7,582,927
Technical Sentiment Signal: Buy
Current Market Cap: A$487.4M
For detailed information about STK stock, go to TipRanks’ Stock Analysis page.