Strickland Metals (STK) H2 2025 earnings summary

Executive summary

• Completed acquisition of the Rogozna Project in Serbia, adding a significant gold-base metal resource and exploration upside.

• Sold the Yandal Project in Western Australia to Gateway Mining for $45 million, distributing most shares to shareholders and retaining a strategic stake.

• Raised A$5 million via a strategic placement to Zijin Mining to fund ongoing exploration and resource growth.

• Board and management changes included new appointments and a resignation, aligning leadership with new project focus.

Financial highlights

• Net profit after tax for FY2025 was $418,324, down from $26.1 million in FY2024 (which included a $31.1 million gain from the Millrose Project sale).

• Cash and cash equivalents at year-end were $24.4 million (FY2024: $24.5 million).

• Capitalised mineral exploration and evaluation expenditure rose to $58.1 million (FY2024: $35.8 million).

• Exploration expenditure for the year was $25.7 million (FY2024: $14.7 million).

• Earnings per share from continuing operations: 0.019 cents basic (FY2024: -0.400 cents).

Outlook and guidance

• Ongoing large-scale drilling at Rogozna, with a minimum of 50,000 metres planned for 2025.

• Gradina prospect targeting a maiden resource estimate by late 2025.

• Continued focus on resource growth, discovery, and sustainability at Rogozna.