Strickland Metals (STK) investor relations material

Executive summary

• Rogozna Project's Indicated and Inferred Mineral Resource Estimate increased to 9.25Moz AuEq as of June 2026, with significant growth at Gradina, Shanac, and Copper Canyon deposits.

• Gradina MRE update delivered a 50% increase in contained gold, now totaling 1.8Moz Au, with the deposit open for further expansion.

• Shanac's updated MRE includes a maiden Indicated Resource of 1.25Moz AuEq and total resources of 5.35Moz AuEq, with high-grade zones and strong vertical endowment.

• Copper Canyon's updated MRE increased gold by 290koz since 2021, now totaling 0.82Moz AuEq, with development synergies possible with Gradina.

• Board strengthened with two new independent non-executive directors, enhancing technical and governance capabilities.

Financial highlights

• Cash on hand at quarter-end was $58.63 million, with liquid investments in Gateway Mining valued at $13.2 million.

• Exploration and evaluation expenditure for the quarter was $3.46 million.

• Net cash used in operating activities for the quarter was $681,000; net cash used in investing activities was $3.3 million.

• Estimated quarters of funding available is 14.84, indicating strong liquidity.

Outlook and guidance

• Gradina Scoping Study is in final stages and on track for completion in Q3 2026, supporting future project evaluation.

• Ongoing technical studies and environmental/social baseline work underpin future permitting and development.

• Drilling at key prospects delayed, with timing to be confirmed pending MT survey data.