Strickland Metals Ltd · ASX:STK
Strickland Metals — Shareholder Meeting (November 2024)
27 slides from Strickland Metals's shareholder meeting presentation, Nov 28, 2024
Slide 1: AGM Presentation
For personal use only AGM Presentation 28 November 2024 ASX Code: STK
Slide 2: Disclaimer
Disclaimer The information contained in the Presentation (Information) is a summary only and should be read in conjunction with any oral briefing and all other documents provided to you by the Strickland Metals Limited (Company). The Information is current as at the date of its release and the Compa
Slide 3: Investment Overview – A Rare Opportunity
Investment Overview – A Rare Opportunity For personal use only A Rare Combination Significant Scale Exploration Upside Balance Sheet Two high-quality strategic ~5.44Moz AuEq (Serbia) and Substantial mineralisation A$41.1 million in cash and assets, Rogozna (Serbia) and ~0.26Moz Au (WA) drilled outsi
Slide 4: Corporate Snapshot
Corporate Snapshot Board Capital Structure ASX Ticker STK For personal use only Anthony McClure Non-Executive Chairman Shares on issue 2,207,414,742 Paul L’Herpiniere Managing Director Performance rights 78,600,000 Richard Pugh Executive Technical Director Options 50,000,000 Share Price A$0.08 Trent
Slide 5: Rogozna Gold and Base Metals Project, Republic of Serbia
For personal use only ROGOZNA GOLD AND BASE METALS PROJECT, REPUBLIC OF SERBIA
Slide 6: Serbia – A Favourable & Proven Mining Jurisdiction
Serbia – A Favourable & Proven Mining Jurisdiction Tier One Mining Jurisdiction For personal use only ➢ Europe's 2nd largest copper producer. ➢ Established mining industry, with a long history of mining of polymetallic deposits. ➢ Recently executed MoU with European Union for supply of critical mine
Slide 7: Rogozna Project – Growing A Massive Mineral System
Rogozna Project – Growing A Massive Mineral System 2024 Exploration Goals For personal use only 1. Demonstrate continuity of higher-grade mineralisation zones at Shanac. ✓ 2. Infill drilling of Medenovac to support maiden Mineral Resource Estimate. ✓ 3. Test for up-dip extensions of high-grade gold
Slide 8: Rogozna 2024 Drilling Highlights – World Class Intercepts
Rogozna 2024 Drilling Highlights – World Class Intercepts Shanac Medenovac 293.9m @ 2.5g/t AuEq from 162.3m (ZRSD241491), incl. 365.8m @ 2.0g/t AuEq from 198.4m (ZRSD241573), incl. For personal use only • 89.7m @ 4.0g/t Au from 244.5m • 50.0m @ 5.6g/t AuEq from 271.5m • 18.8m @ 3.0g/t AuEq from 369.
Slide 9: Shanac Deposit
Shanac Deposit 4.6Moz AuEq JORC 2012 Inferred Resources1, open in all directions. For personal use only Gold + copper = ~80% of metal (by insitu value). Bulk-scale (MIK) resource model with no domaining yet of high-grade zones (focus of current phase of work). Core (~150 to 450m depth) of the deposi
Slide 10: Shanac 2024 Drilling Highlights – Higher-Grade Focus
Shanac 2024 Drilling Highlights – Higher-Grade Focus • 89.7m @ 4.0g/t Au from 244.5m (ZRSD241491) • 18.8m @ 3.0g/t AuEq from 369.1m (ZRSD241491) For personal use only • 12.1m @ 4.9g/t AuEq from 400m (ZRSD241491) • 20.0m @ 2.9g/t AuEq from 418.2m (ZRSD241491) • 14.0m @ 3.7g/t AuEq from 444.2m (ZRSD24
Slide 11: Shanac Deposit
Shanac Deposit For personal use only 11 Shanac long section through the Central Domain, looking SW, 40m wide section view Shanac cross section looking north-west
Slide 12: Medenovac Deposit
Medenovac Deposit Gold-copper-zinc mineralisation drill-defined along ~600m of prospective ~2km strike length, with mineralisation open along For personal use only strike and at depth. Maiden Resource in Q1 2025. Structurally-controlled high-grade core; • 97.7m @ 5.1g/t AuEq from 321.0m (ZRSD21136)
Slide 13: Kotlovi Discovery
Kotlovi Discovery Recent discovery, with multiple mineralisation styles, just ~350m west of Medenovac. For personal use only • 15.6m @ 2.0g/t AuEq from 391.5m in ZRSD24163 (breccia- hosted mineralisation) 1 • 40.3m @ 2.6g/t Au from 558.1m, incl. 12.0m @ 5.7g/t Au from 584.4m in ZRSD24163 (intrusion-
Slide 14: Gradina Deposit
Gradina Deposit Multiple high-grade gold lodes with ~1km of drill-defined strike, open in all directions including up-dip towards surface. For personal use only Drilling of near-surface position has commenced, with assays pending for initial three holes. Significant high-grade drill intercepts inclu
Slide 15: Exploration Upside
Exploration Upside Resource Growth Shanac (4.6Moz AuEq) – Strike and depth extensions For personal use only Copper Canyon (0.8Moz AuEq) – Northern strike extension Resource Definition Medenovac – Deliver Maiden Resource Q1 2025 Gradina – Deliver Maiden Resource Q3 2025 Copper Canyon South – 38.4m @
Slide 16: Exploration Upside
Exploration Upside Resource Growth Shanac (4.6Moz AuEq) – Strike and depth extensions For personal use only Copper Canyon (0.8Moz AuEq) – Northern strike extension Resource Definition Medenovac – Deliver Maiden Resource Q1 2025 Gradina – Deliver Maiden Resource Q3 2025 Copper Canyon South – 38.4m @
Slide 17: Yandal Gold Project, Western Australia
For personal use only YANDAL GOLD PROJECT, WESTERN AUSTRALIA
Slide 18: Yandal Project – Background
Yandal Project – Background 1,765 sq km project area, containing ~250koz Inferred Resources1 and 70km strike potential along the Celia Shear. For personal use only Strickland’s deposits located within ~50km of the Jundee Gold Mine (NST). • Sale of Millrose Deposit to NST in 2023 - A$61 million for ~
Slide 19: Yandal Project – Growing Strategic Value
Yandal Project – Growing Strategic Value 2024 Exploration Goals For personal use only 1. Demonstrate depth extensions to oxide mineralisation at Palomino. ✓ 2. Demonstrate depth extensions to oxide mineralisation at Warmblood. ✓ 3. Test the potential for the Warmblood and Filly South deposits to lin
Slide 20: Horse Well – Palamino Deposit
Horse Well – Palamino Deposit Drilling at Palomino in 2024 has intersected significant down-plunge For personal use only extensions to the current oxide resource. Excellent results, including1: • 17.0m @ 10.6g/t Au from 147.0m; • 13.7m @ 6.3g/t Au from 133.0m; • 10.6m @ 7.5g/t Au from 161.0m; • 14.9
Slide 21: Horse Well – Warmblood Deposit
Horse Well – Warmblood Deposit 1.4km long target, with extensive shallow oxide gold For personal use only mineralisation and minimal drilling conducted below 80m depth. Recent significant intercepts1 in fresh rock highlights the obvious potential beneath the oxide zone • 14.4m @ 6.0g/t Au from 114.0
Slide 22: Key Deliverables
Key Deliverables 60,000m Resource and Discovery Drilling at Rogozna For personal use only July 2024 July 2024 Sep 2024 Early 2025 Early2025 Late 2025 Late 2025 Rogozna Discovery Discovery Maiden Shanac Mineral Maiden Gradina Rogozna Acquisition New high-grade gold Kotlovi Medenovac Resource Mineral
Slide 23: Investment Summary
Investment Summary Two high-quality strategic assets and $41 million in available funding, a rare For personal use only combination among ASX-listed Junior Gold Companies. 80,000m resource and discovery-focused drilling program underway, with a steady stream of news-flow to occur throughout 2024/25.
Slide 24: Appendix 1: Rogozna Inferred Mineral Resource Estimates
Appendix 1: Rogozna Inferred Mineral Resource Estimates Shanac Inferred Mineral Resource Estimate (April 2023) Tonnes AuEq Au Cu Ag Pb Zn AuEq Au Cu Ag Pb Zn (Mt) (g/t) (g/t) (%) (g/t) (%) (%) (Moz) (Moz) (kt) (Moz) (kt) (kt) For personal use only 130 1.1 0.63 0.1 5.1 0.2 0.28 4.63 2.63 130 21.3 260
Slide 25: Appendix 2: Yandal Inferred Mineral Resource Estimates
Appendix 2: Yandal Inferred Mineral Resource Estimates HORSEWELL INFERRED RESOURCE PROSPECT TONNES GRADE (g/t) Contained Metal (oz) For personal use only Palomino 930,400 2.30 68,300 Filly SW 302,400 1.80 17,200 Filly 206,000 1.30 8,700 Warmblood 788,000 2.1 53,900 Dusk til Dawn 3,495,600 1.0 108,90
Slide 26: Disclaimer
Disclaimer Gold Equivalent Calculations (Rogozna Project) Gold Equivalent calculations are based on the following metal prices; For personal use only For Shanac, Medenovac and Kotlovi (April 2023) (US$1,750/oz), copper (US$10,000/t), silver (US$25/oz), lead (US$2,200/t), zinc (US$3,000/t), and metal
Slide 27: For personal use only
For personal use only Paul L’Herpiniere, Managing Director info@stricklandmetals.com.au +61 8 6317 9875
Strickland Metals — Shareholder Meeting (November 2024) on 6ix