Strickland Metals (STK) Investor Update summary

Strategic Asset Portfolio and Financial Position

• Holds two major gold projects: Rogozna in Serbia (5.4Moz AuEq resource) and Yandal in Western Australia (1,800 sq km tenure, ~257koz Au, >100km strike).

• Strong balance sheet with AUD 41.1 million in cash and liquid assets, no immediate need for capital raising.

• Board and management team with deep technical expertise, proven discovery track record, and 12% ownership; top 20 shareholders hold 51%.

• Projects are located in established mining districts with nearby operating mines and favorable jurisdictions.

• Market capitalisation of A$154 million with a share price of A$0.07.

Rogozna Project (Serbia) Highlights

• Located in the prolific Western Tethyan Belt, a globally significant mineralized region with major miners active.

• 5.4Moz AuEq JORC 2012 Inferred Resources from Shanac and Copper Canyon; four main deposits provide development optionality.

• 60,000m resource and discovery-focused drill program underway, targeting >20 prospects; recent drilling at Shanac and Medenovac delivered world-class gold intercepts.

• Over $60 million USD invested historically; recent discoveries validate large-scale and high-grade mining potential.

• Maiden resource for Medenovac expected Q1 2025; Gradina in Q3 2025; metallurgical studies underway for both large-scale and high-grade mining scenarios.

Yandal Project (Western Australia) Highlights

• 1,765–1,800 sq km project area with ~257koz Inferred Resources and 70–100km strike potential.

• Sale of Millrose deposit to NST in 2023 for A$61 million demonstrates asset value.

• Over 20,000 meters drilled in 2024, focusing on Horse Well Gold Camp and extending oxide and primary mineralization.

• Significant intercepts at Palomino (17m @ 10.6g/t Au) and Warmblood (14.4m @ 6.0g/t Au); multiple deposits remain open at depth and along strike.

• Resource update expected in early 2024, with further exploration targeting new zones along the anticline.