Major Gold-Copper Discoveries at Strickland Metals Ltd Transform Rogozna Project

Strickland Metals Strikes Gold Again with Significant Red Creek Discovery

Strickland Metals Limited (ASX: STK) has delivered another major exploration success at its flagship Rogozna Gold Project in Serbia, announcing a significant new gold-copper discovery at the Red Creek Prospect. The recent discoveries at Strickland Metals Ltd have reinforced the exceptional endowment of the Rogozna mineral system, with this latest find located just 1km west of the substantial 5.3Moz AuEq Shanac Deposit.

The discovery hole (ZRSD25233) has delivered impressive intercepts, including 53.0m @ 2.3g/t AuEq from 514.4m depth, with higher-grade zones reaching 4.4m @ 8.9g/t AuEq. Furthermore, the discovery also includes shallow epithermal mineralisation starting from just 44m depth, representing the shallowest gold-rich mineralisation encountered to date at Rogozna outside of the outcropping Copper Canyon Deposit.

Two Distinct Mineralisation Styles Expand Target Potential

The Red Creek discovery has revealed two complementary mineralisation styles that significantly enhance the project’s development optionality:

Shallow Epithermal Gold Mineralisation

• • 4.0m @ 4.0g/t AuEq from just 44m depth

• • Characterised by carbonate veining with disseminated pyrite, galena and sphalerite

• • Represents the shallowest high-grade gold mineralisation discovered at Rogozna

• • Hosted by chloritised and silicified andesite

Deep Skarn-Hosted Polymetallic Mineralisation

• • 53.0m @ 2.3g/t AuEq from 514.4m, including 35.0m @ 3.1g/t AuEq

• • Extensive zones of disseminated to massive sulphides

• • Rich in gold, copper, lead, zinc and silver

• • Consistent with the deposit style seen across Rogozna’s major deposits

Understanding Skarn Deposits: A Lucrative Mineralisation Style

Skarn deposits form when hot, mineral-rich fluids from cooling magma interact with limestone or other carbonate rocks, creating zones of intense alteration and metal concentration. This process produces some of the world’s most significant gold-copper deposits, characterised by:

• • High metal grades due to efficient concentration processes

• • Multiple valuable metals including gold, copper, zinc, lead and silver

• • Large tonnage potential from extensive alteration zones

• • Predictable geometry that aids resource definition and mine planning

For investors, skarn deposits represent attractive targets because they typically offer:

• • Strong economics from polymetallic revenue streams

• • Scalable operations due to their size and grade characteristics

• • Processing synergies where multiple metals can be recovered from the same ore

The Red Creek discovery demonstrates classic skarn mineralisation features, with massive sulphide zones containing chalcopyrite (copper), sphalerite (zinc), galena (lead) and associated precious metals.

Substantial Exploration Upside Unlocked

The Red Creek discovery has opened up an entirely new search space with exceptional exploration potential:

Strategic Positioning

• • Located on the same NW-SE trending structure as the 0.8Moz AuEq Copper Canyon Deposit

• • 1.5km of largely untested strike potential between Red Creek and Copper Canyon

• • 1km of open ground between Red Creek and the 5.3Moz AuEq Shanac Deposit

Exploration Targets

• • Limited previous drilling – only one previous hole in the 1.5km strike length

• • Strong surface anomalies including gold, arsenic, lead, zinc and silver in soils

• • Geophysical targets with IP conductivity highs and resistivity lows

• • Structural continuity with established deposits

Managing Director Comment:
“This is an exciting development which reinforces the highly endowed nature of the mineral system at Rogozna. The new mineralisation zone… opens up an entirely new search space spanning 1km to the east towards Shanac and 1.5km to the south-east towards Copper Canyon.” – Paul L’Herpiniere

Accelerated Development Timeline

Strickland is moving quickly to capitalise on this discovery momentum:

Immediate Priorities

1. 1. Follow-up drilling at Red Creek to define mineralisation extent

1. 1. Resource definition drilling to advance towards maiden resource estimate

1. 1. Strike extension drilling between Red Creek and existing deposits

Upcoming Catalysts

• • Additional assay results from recent drilling campaign expected in coming weeks

• • Updated Shanac Mineral Resource Estimate due in March Quarter 2026

• • 2026 field season commencing in March with expanded drilling program

Current Resource Base

Rogozna already hosts 8.6Moz AuEq across four established deposits:

Investment Thesis: World-Class Gold District in the Making

The Red Creek discovery strengthens Strickland’s position as owner of one of Europe’s most significant undeveloped gold projects:

Strategic Advantages

• • Large-scale mineral system with multiple high-grade deposits

• • Tier-1 jurisdiction in Serbia with established mining industry

• • Excellent infrastructure and skilled local workforce

• • Multiple development pathways from deposit clustering

Growth Catalysts

• • Resource expansion potential from ongoing discoveries

• • Consolidation opportunities within the Rogozna district

• • Development optionality from polymetallic mineralisation

• • Strategic value to major mining companies seeking European exposure

Financial Positioning

• • Well-funded exploration with recent successful capital raising

• • Experienced management team with proven discovery track record

• • Strong technical capability demonstrated through consistent exploration success

Why Investors Should Follow Strickland Metals

Strickland Metals has established itself as a premier gold exploration company through consistent discovery success at Rogozna. The Red Creek discovery demonstrates several compelling investment attributes:

Proven Exploration Success: Two major discoveries since acquiring Rogozna in mid-2024, showcasing the team’s ability to unlock value through systematic exploration. In addition, the discoveries at Strickland Metals Ltd continue to validate the geological team’s understanding of the complex mineral system.

Scale and Quality: The 8.6Moz AuEq resource base positions Rogozna among Europe’s largest undeveloped gold projects, with significant expansion potential from ongoing discoveries.

Strategic Location: Serbia offers an attractive mining jurisdiction with established infrastructure, reasonable regulatory environment, and proximity to European markets.

Development Optionality: Multiple deposit centres provide flexibility for staged development approaches, potentially accelerating cash flow generation. However, the diverse nature of discoveries at Strickland Metals Ltd requires careful evaluation of development sequencing.

Technical Excellence: The geological team’s success in targeting new discoveries validates their understanding of the Rogozna mineral system. Consequently, investors can expect continued exploration success as the company advances its systematic drilling programme.

Key Takeaway:
Strickland Metals has positioned itself as a major player in European gold exploration, with the Red Creek discovery reinforcing the exceptional potential of the Rogozna Project. With upcoming resource updates, continued drilling success, and multiple development pathways, investors should monitor this compelling growth story closely.

The combination of proven resources, ongoing discoveries, and strategic positioning makes Strickland Metals an attractive proposition for investors seeking exposure to large-scale gold development opportunities in a tier-1 jurisdiction. Furthermore, the discoveries at Strickland Metals Ltd demonstrate the company’s ability to consistently deliver value-accretive exploration results that expand the overall resource potential of the Rogozna Project.

Ready to Explore Strickland’s Expanding Gold Discovery Story?

With the Red Creek discovery adding another significant gold-copper zone to Strickland Metals’ already impressive 8.6Moz AuEq resource base at Rogozna, investors have compelling reasons to follow this rapidly evolving story. The company’s proven ability to deliver consistent exploration success, combined with upcoming resource updates and accelerated drilling programmes, positions Strickland as a standout opportunity in the European gold space. To discover more about Strickland Metals’ world-class Rogozna Project and stay updated on their exploration progress, visit stricklandmetals.com.au.