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Strickland Metals Ltd
(Sydney:STK)
Strickland Metals Ltd (STK) vs. iShares MSCI Australia ETF (EWA)
Strickland Metals Ltd Business Overview & Revenue Model
Strickland Metals Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.16M | 0.00 | 0.00 | 240.00K | 0.00 | 0.00 |
| Gross Profit | 1.04M | -219.64K | -210.84K | 144.95K | -3.69K | -5.32K |
| EBITDA | -3.76M | -2.85M | -2.19M | -4.09M | -4.00M | -687.70K |
| Net Income | -4.14M | -6.58M | -2.57M | -4.19M | -3.86M | -693.02K |
Balance Sheet | ||||||
| Total Assets | 123.08M | 86.93M | 50.62M | 39.56M | 12.50M | 7.62M |
| Cash, Cash Equivalents and Short-Term Investments | 12.82M | 24.51M | 1.70M | 4.07M | 1.51M | 529.17K |
| Total Debt | 809.84K | 207.85K | 271.39K | 329.14K | 0.00 | 0.00 |
| Total Liabilities | 8.29M | 7.30M | 3.91M | 2.53M | 452.63K | 425.22K |
| Stockholders Equity | 114.79M | 79.62M | 46.71M | 37.03M | 12.05M | 7.20M |
Cash Flow | ||||||
| Free Cash Flow | -18.17M | -17.93M | -15.95M | -19.99M | -5.86M | -1.61M |
| Operating Cash Flow | -2.20M | -2.90M | -2.02M | -1.44M | -755.13K | -469.62K |
| Investing Cash Flow | -24.38M | 18.90M | -11.83M | -18.78M | -4.94M | -1.10M |
| Financing Cash Flow | 5.24M | 6.82M | 11.48M | 22.78M | 6.68M | 1.65M |
Strickland Metals Ltd Technical Analysis
Strickland Metals Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
44 Neutral | C$953.01M | -6.70 | -13.31% | 2.79% | 17.55% | -32.28% | |
36 Underperform | AU$316.73M | ― | -3.66% | ― | ― | 71.15% | |
| $215.59M | 22.50 | 4.44% | ― | ― | ― | ||
| $53.27M | ― | -6.55% | ― | ― | ― | ||
| $3.40B | 39.21 | 5.11% | ― | ― | ― | ||
73 Outperform | AU$4.19B | 49.02 | 18.02% | ― | 6.31% | 301.01% | |
51 Neutral | AU$11.04M | 4.29 | 8.76% | ― | ― | ― |
Strickland Metals Ltd Corporate Events
Strickland Metals Limited has announced an update on its 2025 work program for the Rogozna Gold and Base Metals Project in Serbia. The company is undertaking its largest exploration program to date, with plans for extensive diamond drilling and development studies. With six rigs operational and a substantial budget bolstered by a strategic investment from Zijin Mining, Strickland aims to further expand its resource base and explore potential new deposits. The company has also increased its workforce in Serbia to support these efforts, positioning itself as a leading explorer in the region.
Strickland Metals Limited has successfully completed a strategic private placement with Zijin Mining Group, raising A$5 million through the issuance of 54,945,055 fully-paid ordinary shares. This placement, which did not involve a broker, allows Zijin to hold approximately 2.4% of Strickland’s shares, potentially strengthening Strickland’s market position and providing additional capital for its operations.
Strickland Metals Limited has issued 54,945,055 fully paid ordinary shares at $0.091 per share to a subsidiary of Zijin Mining Group Co., Ltd. This strategic placement is part of the company’s ongoing efforts to support its exploration activities. The company is currently unable to release complete results from its drilling programs due to outstanding assays, but will provide updates in accordance with continuous disclosure obligations.
Strickland Metals Ltd has announced the quotation of 54,945,055 ordinary fully paid securities on the Australian Securities Exchange (ASX) as part of a previously announced transaction. This move is expected to enhance the company’s market presence and provide additional capital for its ongoing projects, potentially impacting its operational capabilities and stakeholder interests.
Strickland Metals Ltd has announced a proposed issue of 54,945,055 fully paid ordinary securities, with the issue date set for April 23, 2025. This move is part of a placement or other type of issue, which could potentially impact the company’s market positioning and provide additional capital for its operations.
Strickland Metals Limited has announced a strategic placement with Zijin Mining, one of the world’s largest mining companies, which will invest A$5 million to acquire a 2.4% shareholding in Strickland. This investment will bolster Strickland’s financial position, enabling it to accelerate exploration activities at its Rogozna and Yandal projects, with a focus on expanding resources and conducting scoping studies. The strategic partnership with Zijin is seen as a strong endorsement of Strickland’s projects and is expected to enhance its industry positioning.
Strickland Metals Limited, a company listed on the Australian Securities Exchange (ASX) under the ticker STK, has requested a trading halt on its securities. This halt is pending the release of an announcement regarding a strategic placement, which is expected to be disclosed by the opening of trading on Thursday, 17 April 2025. The trading halt aims to ensure an orderly market while the company finalizes its announcement.
Strickland Metals Limited has commenced operations with a sixth diamond rig at its Rogozna Project in Serbia, aiming to extend and infill the Gradina Deposit. The company is conducting a significant drilling program to support a maiden Mineral Resource Estimate by late 2025, with the Gradina Prospect showing potential due to its high gold content, which could make it a preferred development option.
Strickland Metals Ltd, identified by the ASX code STK, has released an updated mineral resource estimate for its Shanac project. This announcement, authorized by the company’s Managing Director, provides insights into the company’s potential growth and future performance, though it cautions that such forecasts involve risks and uncertainties. Stakeholders are advised to conduct their own investigations to verify the accuracy of the information presented.
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.
Strickland Metals Limited has commenced drilling with a fifth diamond rig at its Rogozna Gold and Base Metals Project in Serbia, targeting the Obradov Potok Prospect. This marks the largest exploration program for the company, with a focus on expanding its resource base. The company is well-funded to support this extensive drilling campaign, which aims to enhance its industry positioning and potentially increase its resource estimates, benefiting stakeholders.
Strickland Metals Limited has announced a live investor webinar scheduled for April 1, 2025, where key members of its leadership team will update investors on the updated Mineral Resource Estimate for the Shanac deposit, part of the Rogozna Gold & Base Metals Project in Serbia. This initiative signifies Strickland’s commitment to advancing the Rogozna Project towards development, potentially enhancing its position in the industry and providing valuable insights to stakeholders.
Strickland Metals Limited has announced an updated Mineral Resource Estimate (MRE) for the Shanac Deposit, part of its Rogozna Project in Serbia, showing a substantial increase in resources. The updated MRE reveals a 15% increase in contained metal and significant growth in gold, copper, and zinc resources, enhancing the project’s value. The company has initiated a new drilling campaign to further expand resources and remains well-funded to pursue its exploration strategy.
Strickland Metals Ltd has released a technical webinar presentation concerning its Yandal Gold Project. The presentation provides insights into the company’s current operations and strategic positioning within the gold mining industry. It highlights potential growth opportunities and future performance expectations, although it acknowledges the inherent risks and uncertainties involved. The announcement underscores the company’s commitment to transparency and stakeholder engagement, while also clarifying that the presentation is not an offer of securities.
Strickland Metals Limited has initiated a high-resolution ground gravity survey at its Yandal Gold Project’s Dusk ’til Dawn site to enhance exploration efforts. This survey aims to provide detailed modeling of intrusion-related gold targets, which are believed to be crucial for gold mineralization in the area. The company is well-funded with $33.8 million in cash and NST shares, positioning it strongly for its 2025 exploration programs. The survey’s results will inform the design of an upcoming diamond drilling program, potentially impacting the company’s operational strategy and stakeholder interests.
Strickland Metals Limited announced an upcoming webinar to update investors and shareholders on the Yandal Project in Western Australia. The webinar, hosted by Executive Technical Director Richard Pugh, will provide insights into the project’s progress and potential, inviting participation from shareholders, investors, and media. This initiative highlights Strickland’s commitment to transparency and stakeholder engagement, potentially impacting its market positioning and investor relations.
Strickland Metals Limited announced the resignation of Non-Executive Director Peter Langworthy, who is stepping down to focus on other business interests. The company has decided not to immediately fill his position but may consider future board additions, reflecting a potential strategic shift in its governance approach.
Strickland Metals Ltd released its interim financial report for the six months ending December 31, 2024. The report is intended to be read alongside the company’s annual report and previous public announcements. The company’s shares are traded on the Australian Securities Exchange, with its home exchange in Perth, Western Australia.
Strickland Metals Limited has announced successful metallurgical testwork at its Horse Well Gold Camp, part of the Yandal Gold Project, confirming high gold recovery rates of up to 88.6% using conventional processing methods. This development de-risks future exploration and development efforts, as the company plans to update its Mineral Resource Estimate and advance its mining lease application, positioning the project as a significant growth opportunity in proximity to established mining operations.
Strickland Metals Limited has commenced a major 50,000-meter drilling program at its Rogozna Project in Serbia, aiming to expand its already substantial 6.69 million ounces of gold equivalent resource. The program focuses on the high-grade gold skarn at the Shanac deposit and includes plans to deliver a maiden Mineral Resource Estimate for the Gradina deposit by late 2025. The company is well-funded with $33.8 million in cash and NST shares, positioning it for a transformative year as it advances exploration and prepares for a mining Scoping Study.
Strickland Metals Limited has announced significant progress at its Yandal Gold Project, identifying large-scale intrusion-related gold targets at the Dusk ’til Dawn Gold Camp. The company has discovered two distinct gold trends over a 7.5-kilometer strike, which have only been tested with shallow drilling. With $33.8 million in funding, Strickland plans to conduct a high-resolution ground gravity survey and commence a diamond drilling program to further explore these promising targets. The findings have been validated by industry experts, enhancing confidence in the project’s potential to deliver substantial gold discoveries.
Strickland Metals Limited announced significant progress in its Rogozna Gold and Base Metals Project in Serbia, with the discovery of extensive porphyry-style veining and alteration at the Jezerska Reka prospect. The recent drilling results have enhanced the potential for a large-scale porphyry discovery, contributing to the project’s growing resource inventory. The company plans further exploration, including a Magneto-Telluric survey and additional drilling, to better target the mineralized porphyry system. This development could significantly impact Strickland’s operations by unlocking substantial opportunities for growth and value creation for stakeholders.
Strickland Metals Ltd announced a webinar to update stakeholders on the maiden 1.3Moz AuEq Mineral Resource Estimate for the Medenovac deposit, part of its Rogozna Project in Serbia, bringing the total resource estimate at Rogozna to 6.69Moz of gold-equivalent metal. This development is expected to bolster Strickland’s strategic positioning within the Tethyan Metallogenic Belt, enhancing its exploration prospects with substantial planned drilling activities.