Strickland Metals Kotlovi Drilling Results Deliver Exceptional Gold Discovery

Strickland Metals Delivers Exceptional Growth at Kotlovi Gold Discovery

Strickland Metals Limited (ASX: STK) has delivered impressive new Strickland Metals Kotlovi drilling results from its emerging Kotlovi discovery, located just 350 metres from the substantial 1.28Moz AuEq Medenovac deposit within the company's flagship Rogozna Gold and Base Metals Project in Serbia.

The announcement showcases exceptional high-grade gold intercepts that continue to expand the known mineralisation footprint at this strategic discovery. Most notably, hole ZRSD25206 returned 34.9m @ 2.2g/t Au from 324.2m depth, including a standout 14.0m @ 4.1g/t Au from 328.2m. This represents some of the highest-grade, thickest intersections identified at Kotlovi to date.

Additional significant results include:

• ZRSD25200A: 14.0m @ 1.4g/t Au from 318.1m, featuring 6.0m @ 2.8g/t Au
• ZRSD25215A: 18.0m @ 0.8g/t Au from 516.3m, including 6.0m @ 1.5g/t Au

Furthermore, the mineralisation at Kotlovi now extends along approximately 300 metres of NNW-SSE strike and critically remains open in all directions, presenting significant expansion potential for this emerging discovery.

Understanding Skarn-Hosted Gold Systems

Kotlovi represents a skarn-hosted gold system, which forms when hot, mineral-rich fluids from intrusive rocks interact with limestone and other sedimentary rocks. This process creates distinctive mineral assemblages including garnet and pyroxene skarns that commonly host high-grade gold and base metal mineralisation.

Why this matters to investors: Skarn systems are renowned for their potential to host large-scale, high-grade mineral deposits. The world's largest copper and some of the most significant gold deposits are associated with skarn environments.

At Kotlovi, the proximity to the proven Medenovac deposit suggests this discovery sits within a much larger mineralised system with exceptional growth potential. The Strickland Metals Kotlovi drilling results demonstrate the effectiveness of targeting these geological settings.

The geological evidence shows multiple mineralisation styles at Kotlovi, according to the announcement. These include endoskarn in altered quartz-diorite and classic green garnet-skarn hosted gold mineralisation, both characterised by disseminated pyrite and arsenopyrite that typically indicate strong hydrothermal activity.

Strategic Location Amplifies Discovery Value

Kotlovi's 350-metre proximity to the established 1.28Moz AuEq Medenovac deposit positions this discovery as potentially transformational for the overall Rogozna Project. Moreover, the close spacing suggests these deposits could form part of a larger, interconnected mineralised system that could support consolidated development plans.

"Given its strategic location just 350 metres from the 1.28Moz AuEq Medenovac Deposit and the growing scale of the mineralisation, Kotlovi looks like it will feature prominently in our ongoing drilling and development plans," said Paul L'Herpiniere, Managing Director.

The discovery sits within Strickland's 100%-owned 7.4Moz AuEq Rogozna Project, which comprises three established deposits:

Aggressive Exploration Programme Continues

Strickland maintains seven active drilling rigs across the Rogozna Project, demonstrating the company's commitment to aggressive resource expansion. According to the announcement, four rigs focus on the gap zone at Gradina, whilst three rigs target discovery drilling across the broader project area.

Consequently, the Strickland Metals Kotlovi drilling results form part of a comprehensive exploration strategy designed to maximise discovery potential. The company's systematic approach involves targeting multiple geological settings to identify additional high-grade zones.

Key upcoming catalysts include:

• Multiple holes with assay results pending
• Continued drilling at Kotlovi to define mineralisation extent
• Infill drilling designed to demonstrate continuity
• Step-out drilling to test extensions in all directions

The company's strong financial position with $41.8 million in cash and liquids as of 30 September 2025 provides substantial runway to execute this comprehensive exploration strategy without financing pressure.

Investment Thesis: Emerging Discovery with Major Upside

Kotlovi represents a pure discovery play with several compelling investment attributes that make the Strickland Metals Kotlovi drilling results particularly significant for investors.

Resource Growth Potential: The 300-metre strike length established to date, combined with mineralisation remaining open in all directions, suggests significant resource expansion potential. High-grade intersections like the 14.0m @ 4.1g/t Au indicate the potential for substantial high-grade zones.

Strategic Value: In addition to standalone potential, the proximity to Medenovac creates potential synergies for consolidated development, potentially reducing capital requirements and improving project economics through shared infrastructure.

Systematic Approach: Strickland's methodical drilling approach, using multiple mineralisation styles and structural controls to guide targeting, demonstrates a sophisticated understanding of the geological system that should maximise discovery success.

Financial Strength: The company's healthy cash position ensures ability to execute aggressive exploration without dilution pressure, allowing management to pursue optimal drilling strategies.

Technical Analysis: Multiple High-Grade Zones Identified

The drilling results reveal consistent mineralisation across multiple holes, with the highest grades concentrated in specific geological settings. ZRSD25206 delivered the standout intersection, with high-grade gold zones hosted in fault gouge and brecciated andesite intruded by chloritised and clay altered quartz-diorite with disseminated pyrite.

However, ZRSD25215A represents a significant step-out of 150 metres from the discovery hole, demonstrating potential for substantial lateral extension. The mineralised intercept in this hole is hosted by green garnet-skarn at the contact with overlying andesite and contains disseminated pyrite and chalcopyrite throughout the intersection.

For instance, these results validate the geological model being used to target additional zones and suggest that the Strickland Metals Kotlovi drilling results represent just the beginning of a potentially much larger discovery.

Why Investors Should Follow Strickland Metals

Strickland Metals has positioned itself as a premier growth story in the gold exploration sector, with Kotlovi representing the latest in a series of discoveries that continue expanding the Rogozna Project's overall potential.

The company offers several unique advantages:

• Proven Discovery Track Record: Kotlovi joins an established portfolio of deposits within a cohesive geological system
• Strategic Location: Operations in mining-friendly Serbia with established infrastructure and regulatory framework
• Resource Scale: The 7.4Moz AuEq resource base provides substantial scale rarely seen in junior exploration companies
• Financial Flexibility: Strong cash position enables aggressive exploration without financing constraints

"The combination of proven resources and discovery upside, backed by strong financial position, positions STK as a company that serious growth investors should closely monitor."

Furthermore, the company's ability to consistently deliver results demonstrates management's expertise in targeting and developing world-class deposits. The systematic exploration approach ensures that each drilling programme builds upon previous success.

The combination of proven resources and discovery upside, backed by strong financial position, positions STK as a company that serious growth investors should closely monitor. Strickland Metals has delivered another significant discovery at Kotlovi, expanding its already substantial 7.4Moz AuEq Rogozna Project through exceptional high-grade intersections, strategic proximity to existing deposits, and aggressive ongoing drilling programmes.

Could Kotlovi Transform Strickland Metals' Development Timeline?

With exceptional high-grade intersections up to 14.0m @ 4.1g/t Au and mineralisation extending across 300 metres of strike—all within 350 metres of the established 1.28Moz AuEq Medenovac deposit—Kotlovi represents a potentially transformational discovery for Strickland Metals' flagship Rogozna Project. The company's systematic exploration approach, backed by $41.8 million in cash and seven active drilling rigs, positions STK to capitalise on this emerging opportunity whilst continuing to expand its already substantial 7.4Moz AuEq resource base. For investors seeking exposure to a proven discovery track record combined with significant near-term growth catalysts, explore Strickland Metals' comprehensive project portfolio and strategic positioning at stricklandmetals.com.au.