Strickland Metals (STK) Investor Update summary

Strategic Assets and Financial Position

• Holds two major gold projects: Rogozna in Serbia (5.4–5.44Moz AuEq resource) and Yandal in Western Australia (1,765–1,800 sq km tenure, ~257koz Au resource, 70–100km strike).

• $41.1 million in cash and liquid assets, providing strong funding for exploration, with no immediate need for capital raising.

• Market capitalisation around AUD 154–160 million, with a share price of A$0.07.

• Board and management own 12% of shares; top 20 shareholders hold 51%, and top 50 hold 70%.

• Projects are located in established mining districts with nearby operating mines, strong infrastructure, and skilled workforces.

Rogozna Project (Serbia) Highlights

• 5.4Moz AuEq JORC 2012 Inferred Resources from Shanac and Copper Canyon deposits.

• 60,000m resource and discovery-focused drill program underway, targeting over 20 prospects.

• 2024 drilling at Shanac and Medenovac delivered world-class gold intercepts, including 293.9m @ 2.5g/t AuEq and 50m @ 5.6g/t AuEq.

• Maiden resource for Medenovac expected Q1 2025; Gradina in Q3 2025.

• Rogozna sits in the Western Tethyan Belt, a globally significant metallogenic belt attracting major mining companies.

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 AUD 61 million demonstrates asset value.

• 20,000m drilling in 2024 focused on Horse Well Gold Camp, revealing high-grade gold in fresh rock.

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

• 2025 program will focus on extending Warmblood and testing new targets along the anticline.