Strickland Metals Ltd · ASX:STK
Strickland Metals — Merger or Acquisition (April 2024)
20 slides from Strickland Metals's merger presentation, Apr 17, 2024
Slide 1: Transformational Acquisition of the Rogozna Gold and Base Metals Project
For personal use only Transformational Acquisition of the Rogozna Gold and Base Metals Project World-Class Exploration Potential April 2024 1 www.stricklandmetals.com.au
Slide 2: Rogozna - A Rare Opportunity
Rogozna - A Rare Opportunity For personal use only A Rare Combination of Scale, Upside, Location, Team and Value ➢ Scale 5.4Moz Au Eq JORC 2012 Inferred Resource (2.96Moz Au, 214kt Copper and 364kt Zinc)1 ➢ Exploration Upside Significant drill-defined mineralisation outside of current resources plus
Slide 3: Board Changes
Board Changes New appointments to be made at completion of the acquisition For personal use only Paul L’Herpiniere Managing Director Exploration management and project generation specialist with over 20 years’ experience across more than 20 countries. Former Head of Exploration at Fortescue. A found
Slide 4: Rogozna Delivers Discoveries
Rogozna Delivers Discoveries For personal use only Since December 2019, the current Project Team has delivered three new discoveries and defined +5Moz Au Eq October 2020 August 2023 2025 Gradina North Discovery Drilling Mineral Resource Discovery Mineralisation intersected Update at Jezerska Reka Dr
Slide 5: Serbia – A Proven and Favourable Mining Jurisdiction
Serbia – A Proven and Favourable Mining Jurisdiction For personal use only Tier One Mining Jurisdiction ▪ Established mining industry ▪ Europe's 2nd largest copper producer Vares Majdanpek 10.9Moz Au, 6.0Mt Cu 1.5Mt Pb+Zn, 100Moz Ag ▪ Modern mining code Bor 9.7Moz Au, 6.7Mt Cu Coka Rakita ▪ Highly p
Slide 6: A Massive Mineral System
A Massive Mineral System Rogozna is located in the heart of one of Europe’s largest base metal mining centres For personal use only ▪ Trepca Mineral District historical production of >30Mt @ >8% Zn + Pb Multiple large skarn-hosted Gold-Copper (+/- Zinc, Lead & Silver) deposits
Slide 7: World-Class Drill Intercepts
World-Class Drill Intercepts Medenovac For personal use only • 352m @ 2.1g/t Au Eq from 240m (ZRSD21136), incl. • 97.7m @ 5.1g/t Au Eq from 321m Shanac • 409m @ 1.4g/t Au Eq from 193m (ZRSD20120), incl. • 37m @ 3.7g/t Au Eq from 449m, and • 22m @ 6.0g/t Au Eq from 581m • 152m @ 2.3g/t Au Eq from 347
Slide 8: Shanac Deposit – Bulk Scale with Coherent High-Grade Zones
Shanac Deposit – Bulk Scale with Coherent High-Grade Zones Bulk-scale resource model with no For personal use only domaining of high-grade zones Model constrained by sub-level cave stopes, 0.7g/t Au Eq cutoff, $US2,000/oz Up to 20,000 ounces per vertical metre Higher-grade (>1.5g/t Au Eq cutoff) min
Slide 9: Medenovac Prospect – Recent Discovery with Significant Scale
Medenovac Prospect – Recent Discovery with Significant Scale For personal use only High-grade core - 97.7m @ 5.1g/t Au Eq from 321, within 352m @ 2.1g/t Au Eq from 240m Mineralisation currently drill-defined along just 600m of prospective 2km strike length, open at depth and along strike ~2km x 2km
Slide 10: Gradina Prospect – Multiple High-Grade Gold Lodes Along 1km Strike
Gradina Prospect – Multiple High-Grade Gold Lodes Along 1km Strike For personal use only Multiple high-grade Gold lodes with ~1km of drill-defined strike Significant high-grade drill intercepts include; • ZRSD21143 • 15m @ 3.9g/t Au Eq from 632m and • 22m @ 4.1g/t Au Eq from 691m • ZRSD20124 • 10m @
Slide 11: Copper Canyon – Outcropping Copper Mineralisation
Copper Canyon – Outcropping Copper Mineralisation Copper Canyon Deposit - JORC 2012 For personal use only Pit-constrained bulk-scale resource model, $US 2000/oz, 0.4g/t Au Eq cut-off Inferred Mineral Resource (October 2021)* Up to 50m-thick, flat-lying higher-grade mineralisation zone Tonnes Au Eq A
Slide 12: Exploration Plan
Exploration Plan Targeting a minimum of ~60,000m diamond For personal use only drilling in CY2024 and CY2025 Medenovac ~10,000m focusing on extending high-grade Zinc- Copper-Gold core (eg 97.7m @ 5.1 g/t Au Eq) along strike. Delivery of maiden inferred resource. Gradina ~10,000m focusing on extendin
Slide 13: Rogozna Management
Rogozna Management Extensive operational experience within the region For personal use only Predrag Matovic Jonathan Hunt Dr Milorad Antic Veroljub Ilic Stanoje Milutinovic Country Manager Exploration Manager Senior Geologist Operations Manager Permitting Manager Geologist with >18 years’ Geologist
Slide 14: Rogozna Project - Key Acquisition Terms
Rogozna Project - Key Acquisition Terms ▪ Consideration: For personal use only Indicative Capital Structure Post Acquisition (undiluted) ➢ AUD$750,000 cash exclusivity fee (already paid on 26 March 2024); Performance ➢ 379,777,778 STK Shares (Consideration Shares), which will be subject Shares Optio
Slide 15: Immediate Value Drivers
Immediate Value Drivers For personal use only ▪ Grow resources to >10 Moz Au Eq through systematic drilling of Medenovac and Gradina Prospects ▪ Discover additional deposits, providing visibility towards substantial resource upside ▪ Define a sustainable, long-life mining operation based on that sca
Slide 16: Appendix 1: Rogozna Inferred Mineral Resource Estimates
Appendix 1: Rogozna Inferred Mineral Resource Estimates Shanac Inferred Mineral Resource Estimate (April 2023) For personal use only Tonnes Au Eq Au Cu Ag Pb Zn Au Eq Au Cu Ag Pb Zn (Mt) (g/t) (g/t) (%) (g/t) (%) (%) (Moz) (Moz) (kt) (Moz) (kt) (kt) 130 1.1 0.63 0.1 5.1 0.2 0.28 4.63 2.63 130 21.3 2
Slide 17: Appendix 2: Significant Intercepts
Appendix 2: Significant Intercepts Full details of Significant Intercepts referred to in this presentation are as follows: For personal use only Area Hole Collar Coordinates Depth Orientation Down hole Interval (m) AuEq Au Cu Pb Zn Ag mE mN mRL From To Length m Az/Dip g/t g/t % % % g/t Medenovac ZRS
Slide 18: Disclaimers
Disclaimers Gold Equivalent Calculations For personal use only Gold Equivalent calculations are based on the following metal prices; For Shanac (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 metallurgical recoveries of 80% for all metal
Slide 19: Disclaimers
Disclaimers This Presentation and any accompanying verbal Presentation (together the Presentation) and confidential information has been prepared by Strickland Metals Ltd (Company), the company that is proposing to acquire the Rogozna Project. For personal use only The information contained in the P
Slide 20: Thank you.
For personal use only Thank you. 20 www.stricklandmetals.com.au
Strickland Metals — Merger or Acquisition (April 2024) on 6ix