Strickland Metals (STK) Q3 2026 TU earnings summary

Executive summary

• Major gold-copper discovery at Red Creek Prospect, 1km west of Shanac Deposit, with significant mineralisation intersected in only the second drill hole, highlighting strong exploration potential.

• Maiden Indicated Resource of 1.25Moz AuEq at Shanac, with total Rogozna Project resources now at 8.6Moz AuEq, including high-grade zones and substantial growth potential at multiple prospects.

• Successful completion of a $55 million institutional placement, ensuring robust funding for ongoing exploration and pre-feasibility studies.

Financial highlights

• Cash and liquid investments at quarter-end totaled $81 million, with $62.42 million in cash and $18.6 million in Gateway Mining shares.

• Exploration and evaluation expenditure for the quarter was $4.81 million.

• No mining development or production activities were conducted during the quarter.

Outlook and guidance

• Extensive drilling program planned for 2026, with drilling to commence in Q2, targeting resource growth and porphyry discovery.

• Pre-feasibility study for Rogozna Project targeted for delivery by mid-2027.

• Ongoing baseline environmental and social studies to support permitting and mine planning.