Strickland Metals (ASX: STK) Soars 30% After New Survey Points to Large-Scale Copper–Gold Systems in Serbia

Strickland Metals Leaps 30% as Survey Results Signal Major Upside at Serbian Gold and Copper Project

Strickland Metals (ASX: STK) caught investors’ attention today after its shares surged 30% on the back of a major exploration update from its 100% owned Rogozna Project in Serbia. The excitement stems from new survey results revealing multiple geological anomalies that point to the presence of large-scale porphyry copper–gold systems — the kind of deposits that host some of the biggest copper and gold discoveries in the world.

For context, Rogozna already contains an estimated 7.4 million ounces of gold equivalent, making it one of the most significant undeveloped assets in Eastern Europe. The latest data now suggests there could be even more beneath the surface. While the findings are early-stage and will require detailed drilling and analysis to confirm economic potential, the market’s reaction shows how quickly sentiment can shift when new growth possibilities emerge.

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The Rogozna Gold

The Rogozna Gold and Base Metals Project is located in southern Serbia’s Raška District, within a world-class mining belt known for hosting some of the largest gold and copper deposits globally. Covering approximately 184 square kilometres across four exploration licences, Rogozna holds strong potential to become one of the largest undeveloped gold projects in the world.

Serbia provides a favourable setting for mining investment. It is Europe’s second-largest copper producer, supported by a modern mining code, reliable infrastructure, and a competitive corporate tax rate of 15 percent. The government has also strengthened its strategic ties with the European Union through a partnership focused on raw materials, battery supply chains, and electric vehicles. This alignment with Europe’s clean energy goals further enhances Serbia’s appeal as a stable and forward-looking mining jurisdiction.

Strickland Metals Commences 50,000m Drilling Program Backed by Strong AUD 52 Million Cash Position

Strickland Metals plans to drill up to 50,000 metres of new holes across areas where mineralisation has already been confirmed, while also testing newly identified targets. To improve efficiency, the company will use advanced underground scanning technology to better understand the structures beneath the surface. This approach will help Strickland Metals pinpoint the most promising zones for drilling, reducing both time and cost. Strickland also emphasised its strong financial position, with AUD 52 million in cash as of June 2025, providing investors with confidence that the company is well-funded to progress its exploration programs without the need for immediate capital raising.