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Highlights
Strickland Metals receives strategic funding from Zijin Mining through a private placement
Zijin acquires a minority stake to support development of the Rogozna gold and base metals project
The Gradina deposit at Rogozna sees intensified exploration with multiple diamond rigs in operation
Strickland Metals (ASX:STK), listed on the ASX, operates in the gold and base metals sector and has entered into a strategic agreement with global mining group Zijin Mining. The agreement includes a non-brokered private placement valued at several million Australian dollars. Through this transaction, Zijin has secured a small equity stake in Strickland, supporting the acceleration of its exploration and development activities in Serbia.
Funding to support Rogozna and Yandal operations
The capital raised from the placement will primarily support the Rogozna project in Serbia, where the company is advancing exploration efforts. A portion of the funds is also allocated to ongoing work at Strickland’s Yandal gold project located in Western Australia. The placement aligns with Strickland’s objective to expand its operational footprint across both regions.
Zijin Mining expands strategic footprint in Serbia
Zijin Mining operates major mining projects in Serbia and holds a substantial presence in the region’s mining industry. Its Serbian operations include two major copper and gold mines that are among the largest in the region. These assets have significant resource estimates and ongoing production output. With Zijin’s involvement, Strickland gains an alignment with a company that already has strong infrastructure and local experience in Serbia.
Rogozna drilling campaign intensifies
Strickland has reported the commencement of additional diamond drilling activities at the Rogozna project. A sixth diamond rig has recently started drilling at the Gradina deposit. The drilling campaign focuses on expanding and defining mineralisation through extension and infill programs. Multiple gold-rich lodes have been identified with substantial strike and depth, highlighting ongoing progress in the project’s geological definition.
Gradina deposit identified as key exploration zone
Exploration efforts at Gradina within the Rogozna project have identified multiple mineralised structures hosting high-grade gold. These structures extend across significant horizontal and vertical distances. The latest drilling activity is expected to increase geological understanding of the deposit and support broader exploration objectives across the project area.
Strategic alignment supports regional project advancement
The funding agreement reflects alignment between Strickland’s exploration plans and Zijin’s regional presence. The placement supports the continuation of drilling campaigns and broader project advancement in Serbia and Western Australia. The strategic backing from a global mining group with regional experience adds operational capacity to Strickland’s ongoing initiatives.
