Strickland Metals Ltd · ASX:STK
Strickland Metals — Investor Presentation (November 2024)
29 slides from Strickland Metals's investor presentation, Nov 7, 2024
Slide 1: Investor Webinar Presentation November 2024
For personal use only Investor Webinar Presentation 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 Proposition – A Rare Opportunity
Investment Proposition – A Rare Opportunity For personal use only A Rare Combination Significant Scale Exploration Upside Balance Sheet Two high-quality strategic ~5.44Moz Au Eq (Serbia) and Substantial mineralisation drilled A$41.1 million in cash assets, Rogozna (Serbia) and ~0.26Moz Au (WA) 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 52,500,000 Share Price A$0.07 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 ➢ Established mining industry. ➢ Europe's 2nd largest copper producer. ➢ Recently executed MoU with European Union for supply of critical minerals. ➢ Modern mining code. ➢ Highly prospective geology
Slide 7: Western Tethyan Belt – Giant Deposits
Western Tethyan Belt – Giant Deposits The Western Tethyan Belt (WTB) is a globally significant metallogenic belt that is host to multiple world-class Gold and For personal use only Base Metal deposits Rogozna In eastern Europe, the WTB is subdivided into two distinct magmatic belts - a western (Olig
Slide 8: Rogozna Project – A Massive Mineral System
Rogozna Project – A Massive Mineral System 5.4Moz Au Eq JORC 2012 Inferred Resources (2.96Moz Au, 214kt copper and 364kt zinc)1 for For personal use only just two of four drill-defined deposits. Located in the heart of one of Europe’s largest base metal mining centres: ▪ Trepca Mineral District hist
Slide 9: 2024 Drilling Highlights – World Class Drill Intercepts
2024 Drilling Highlights – World Class Drill Intercepts Shanac Medenovac 293.9m @ 2.5g/t Au Eq from 162.3m (ZRSD241491), incl. 365.8m @ 2.0g/t Au Eq from 198.4m (ZRSD241573), incl. For personal use only • 89.7m @ 4.0g/t Au from 244.5m, and • 50.0m @ 5.6g/t Au Eq from 271.5m, and • 18.8m @ 3.0g/t Au
Slide 10: Shanac Deposit
Shanac Deposit 4.6Moz Au Eq JORC 2012 Inferred Resources1, open in all directions. For personal use only Bulk-scale (MIK) resource model with no domaining yet of high-grade zones (focus of current phase of work). Core (~150 – 450m depth) of the deposit averages ~14,000 Au Eq ounces per vertical metr
Slide 11: Shanac Deposit
Shanac Deposit For personal use only Shanac Long Section through the Central Domain, looking SW, 40m wide section view Shanac Cross Section looking north-west 11
Slide 12: Copper Canyon Deposit
Copper Canyon Deposit 0.8Moz Au Eq JORC 2012 Inferred Resources1 For personal use only ~50m thick flat-lying higher-grade mineralisation (~1% Cu,~1g/t Au), surrounded by lower-grade halo Pit-constrained bulk-scale MIK resource model, $US 2000/oz, 0.4g/t Au Eq cut-off, 2.2:1 strip ratio Gold-only min
Slide 13: 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 Significant high-grade drill intercepts include1: ZRSD21143 • 9.3m @ 4.2g/t Au from 487.7m, and • 15.3m @ 3.9g/t Au from 632.1m, and • 22m
Slide 14: Medenovac Deposit
Medenovac Deposit Zn-Cu-Au deposit drill-defined along 600m of prospective 2km strike length, with mineralisation open along strike For personal use only and at depth. Structurally-controlled high-grade core; • 97.7m @ 5.1g/t Au Eq from 321m (ZRSD21136)1 • 50m @ 5.6g/t Au Eq from 271.5m (ZRSD24157)
Slide 15: Medenovac Deposit
Medenovac Deposit Zn-Cu-Au deposit drill-defined along 600m of prospective 2km strike length, with mineralisation open along strike For personal use only and at depth. Structurally-controlled high-grade core; • 97.7m @ 5.1g/t Au Eq from 321m (ZRSD21136).1 • 50m @ 5.6g/t Au Eq from 271.5m (ZRSD24157)
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: 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 18: Yandal Gold Project, Western Australia
For personal use only YANDAL GOLD PROJECT, WESTERN AUSTRALIA
Slide 19: Yandal Project – Background
Yandal Project – Background 1,765 sq km project area, containing ~257koz 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 20: Horse Well Gold Camp
Horse Well Gold Camp >8km long gold system centered on the intersection of a major anticline and NE-trending mineralisation controlling structural corridor. For personal use only Current drill-defined deposits situated within a residual (subcropping) regolith regime in the southern part of the syste
Slide 21: Horse Well – Palamino Deposit
Horse Well – Palamino Deposit Drilling at Palomino in 2024 has focused on targeting down-dip and down-plunge For personal use only extensions to the current oxide resource. Excellent results, including1: • 17m @ 10.6g/t Au from 147m (HWDD002); • 13.7m @ 6.3g/t Au from 133m (HWDD001); • 10.6m @ 7.5g/
Slide 22: Horse Well – Warmblood Deposit
Horse Well – Warmblood Deposit >1km long target with extensive oxide gold mineralisation and minimal drilling For personal use only 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 114m (HWDD017),
Slide 23: Horse Well – Bronco Deposit
Horse Well – Bronco Deposit Shallow RC drilling has intersected extensive oxide mineralisation that includes1: For personal use only • 89m @ 3.0g/t Au from 18m incl. 15m @ 14.2g/t Au (HWRC072) • 79m @ 1.0g/t Au from 10m, incl. 8m @ 3.2g/t Au (HWRC125) • 58m @ 1.7g/t Au from 17m, incl. 10m @ 4.2g/t A
Slide 24: Key Deliverables
Key Deliverables 60,000m Resource and Discovery Drilling at Rogozna For personal use only July 2024 July 2024 Early 2025 Early2025 Late 2025 Late 2025 Rogozna Discovery Drilling Shanac Mineral Maiden Medenovac Maiden Gradina Rogozna Scoping Acquisition New high-grade gold zone Resource Update Minera
Slide 25: 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 26: Appendix 1: Rogozna Inferred Mineral Resource Estimates
Appendix 1: Rogozna Inferred Mineral Resource Estimates Shanac Inferred Mineral Resource Estimate (April 2023) 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) For personal use only 130 1.1 0.63 0.1 5.1 0.2 0.28 4.63 2.63 130 21.3 2
Slide 27: 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 28: Disclaimer – Gold Equivalent Calculations
Disclaimer Gold Equivalent Calculations (Rogozna Project) Gold Equivalent calculations are based on the following metal prices; For personal use only For Shanac and Medenovac (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
Slide 29: Contact
For personal use only Paul L’Herpiniere, Managing Director info@stricklandmetals.com.au +61 8 6317 9875
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