Strickland Metals Limited has provided an update on its diamond drilling operations at the Gradina Prospect, a key component of its 100%-owned Rogozna Gold and Base Metals Project in Serbia. Recent assay results from several drill holes have recorded significant intercepts, including 34.4 meters at 2.6 g/t gold (with sub-intercepts of 14.5 meters at 4.4 g/t and 4.0 meters at 4.0 g/t), 13.1 meters at 1.7 g/t gold (including 7.4 meters at 2.5 g/t), 23.2 meters at 0.8 g/t gold (with sub-intercepts of 2.0 meters at 3.2 g/t and 2.9 meters at 2.9 g/t), and 35.9 meters at 1.2 g/t gold (including 5.7 meters at 2.0 g/t and 6.0 meters at 2.6 g/t). These results reinforce the company’s geological model by demonstrating the continuity of a gold-dominant mineralisation system, which remains open both up-dip toward the surface—where strong soil geochemical anomalies have been recorded—and down-dip with evidence of thickening mineralisation. The drilling campaign, part of a planned 50,000-meter effort, is being conducted across both the northern and southern parts of Gradina with eight rigs operating across the project. Five rigs are specifically focused on resource drilling at Gradina to support the delivery of a maiden Mineral Resource Estimate targeted for late 2025. Additional drill holes and further assay results are expected in the coming weeks, which could provide deeper insights and delineate the boundaries of the mineralised zones. Strickland Metals Limited is also in a robust financial position, holding $34.8 million in cash and liquid assets as of the March 2025 quarter-end, bolstered by a recent $5 million strategic investment from Zijin Mining. This strong financial backing underpins the company’s ongoing exploration efforts and future development plans at the Rogozna Project. The recent drilling results point to several bullish indicators. The consistency of high-grade intercepts and the continued open nature of the mineralisation suggest significant upside potential. The deployment of multiple rigs and the clear focus on advancing toward a maiden resource estimate underscore operational momentum and project advancement. Coupled with the strong cash position and strategic investment, these developments are well-received by proponents of the company’s growth prospects. Conversely, there are some bearish considerations. The variability in thickness of the high-grade mineralised zones and the inherent risks associated with translating exploration success into a commercially viable resource could temper investor enthusiasm. Additionally, the ongoing exploration in a foreign jurisdiction may introduce operational and regulatory risks that could impact project timelines or future resource estimates. Overall, the announcement reflects a positive step forward for Strickland Metals Limited, highlighting promising technical results, sound project management, and a strong financial foundation, while also reminding investors of the inherent uncertainties in early-stage exploration ventures.