Strickland Metals

Primary ticker: ASX:STK
Stage of development: Exploration
Primary minerals: Gold, Copper
Project to promote: Rogozna and Yandal Gold Projects
Project location: Serbia, Australia
Website: www.stricklandmetals.com.au

Strickland Metals owns the 5.4Moz Au Eq Rogozna Gold Project in Serbia and the Yandal Gold Project in Western Australia. With ~$48.7M in cash and liquid assets supporting our aggressive 90,000m drilling program, the Company is well-placed to deliver substantial resource growth across both projects over the next 2 years.

We are looking to attract investors who share our vision of creating a mid-tier natural resources company in the medium term.

Cash:AUD $48.7M
Debt: /

Major shareholders:
ARA V Fund – 8.5%

Ibaera Capital – 8.4%

L11 Capital – 7.8%

Management Ownership – 12%

Financials

Management Profile

Paul L’Herpiniere, Managing Director.

A geologist with >20 years international experience, specialising in project generation, exploration management and more recently, fund management.

What is your rationale for taking part in 121 Mining Investment?

I would like to engage with long-term institutional and corporate investors who may be interested in being a key part of our journey from a junior to mid-tier natural resources company.

What recent news would you like to highlight to investors attending?

2 September 2024 – Positive drilling results from the Yandal Project
22 August 2024 – Positive drilling results from the Rogozna Project
5 August 2024 – Positive drilling results from the Rogozna Project

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
To complete the current drill programs at both projects.
To make a new discovery at the Rogozna Project.
To increase institutional ownership from 20 to 25%.

6 Months:
Updated resource estimate for the Rogozna Project.
To increase institutional ownership to 30%.

12 Months:
To deliver an additional two resource updates at the Rogozna Project.
To deliver an updated resource estimate for the Yandal Project.
To make at least one more discovery at each project.
To increase institutional ownership to 35%.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The main risk we are facing is market-related, with a shareholder based that is saturated with WA-focused retail investors, who are taking the opportunity to sell large parcels of shares into positive announcements.

What do you think makes your company such a compelling investment?

Two high quality strategic assets, each with significant resource upside.
Almost $50 million in available funding to deliver on our ambitious growth strategy.
A management team with an excellent track record in creating value.

What are the top 3 key investor takeaways?

Strickland Metals is a standout amongst ASX-listed Junior Gold Companies.
We have more leverage to discoveries, resource growth and the strong gold price than any of our peers.
Our fully funded growth strategy can deliver substantial value within two years.