Strickland Metals (STK) RRS Summer Series Melbourne summary

Strategic transformation and asset growth

• Recapitalization and new management led to acquisition and sale of Millrose Gold Project for AUD 60 million, boosting market cap and funding future growth.

• Acquisition of Rogozna Gold Project in July, adding a second major asset and over AUD 40 million in cash, fully funding operations.

• Company now holds two high-quality gold projects, positioning for significant expansion.

Project portfolio and exploration activity

• Active 80,000-meter drill program underway, with 20% institutional ownership and a strong technical board.

• Rogozna project in Serbia is a large-scale porphyry system with four deposits, aiming to double resource base within 12 months.

• Drilling results show thick, continuous mineralization zones with high gold and base metal content.

• New discoveries at Medenovac and Kotlovi, with resource updates expected in early 2024.

Regional context and strategic positioning

• Rogozna is located in a prolific mining belt with major global players active in the region.

• Project covers 180+ sq km, with 90% ownership and proximity to other major mining operations.

• Yandal project in Western Australia remains strategic due to its location near Northern Star's Jundee mine.