Strickland Metals Limited has advanced its exploration efforts at the Rogozna Gold and Base Metals Project in Serbia with the commencement of an eighth diamond drill rig. The new rig has commenced work in the high-grade central domain of the Shanac Deposit, targeting the recently discovered gold-rich zone at the top of the deposit. In previous 2024 drilling, significant intercepts were recorded—including 89.7 meters at 4.0 grams per tonne gold, which featured a sub-interval of 24.1 meters at 10.5 grams per tonne gold—highlighting the potential to extend this high-grade mineralisation laterally. The Company is set to release assays for completed holes from the Gradina, Shanac, and Kotlovi areas in the coming weeks, as drilling continues to refine the understanding of grade continuity essential for future resource modelling and mine scheduling studies. The exploration program forms part of a broader strategy to upgrade resources at the 100%-owned project, which now totals an inferred resource of approximately 7.40 million ounces of gold equivalent. This initiative builds on earlier resource updates that detailed robust deposits at Medenovac and Copper Canyon. Financially, Strickland Metals Limited remains solid, with reported cash and liquid assets of $34.8 million as of 31 March 2025, bolstered by a $5 million strategic investment from Zijin Mining following the quarter’s end. The Company’s ongoing drilling and study programs underscore its commitment to both resource expansion and preparing for potential mine development. Investors may view the news with a bullish outlook given the clear signs of high-grade mineralisation, the proactive approach of ramping up drilling rigs, and the healthy financial position supporting further exploration. The detailed intercepts not only reinforce the deposit’s potential but also lay the groundwork for additional resources that could enhance the project’s overall value. Conversely, caution is warranted due to typical exploration risks, including the inherent uncertainties in converting inferred resources into economically mineable reserves. Additionally, factors such as fluctuating commodity prices and the inherent challenges of geotechnical interpretation may impact the timing and scale of future developments. While the financial backing is strong, the success of ongoing drilling to accurately extend the high-grade zones remains a key factor for achieving long-term project milestones.