Strickland Metals Limited Achieves Up to 97.9% Gold Recovery at Gradina, Accelerating Maiden Resource Estimate for Serbia’s 7.4Moz AuEq Rogozna Project

Monday, July 28, 2025
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8:32 am
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Strickland Metals Limited’s latest update from its Rogozna project in Serbia showcases impressive metallurgical testwork at the Gradina deposit, achieving up to 97.9% gold recovery. Ongoing drilling supports progress toward a maiden resource estimate, enhancing confidence in the company’s development strategy.

Strickland Metals Limited has reported promising results from its latest metallurgical testwork at the Gradina Deposit within its 100%-owned Rogozna Gold and Base Metals Project in Serbia. The company processed several bulk samples using standard industry flotation methods and achieved impressive gold recoveries averaging 89.9%, with individual tests reaching as high as 97.9%. The testwork, which builds upon earlier positive results from 2021, is being used to refine the process flowsheet ahead of a maiden Mineral Resource Estimate planned for delivery in late 2025. The recent tests involved approximately 250 kg of mineralized core material, processed through pyrite rougher flotation to produce a gold–pyrite concentrate. Results varied among the samples, with most achieving high recoveries, although a few lower recoveries were noted from oxidized intervals, which are considered outliers given that such oxidation is rare at Gradina. The testwork also provided detailed data on assay head grades and concentrate grades. This technical evaluation underlines the deposit’s potential and supports Strickland Metals Limited's broader exploration, development, and value-creation strategy at Rogozna, where eight diamond drilling rigs are actively expanding known mineralization. Looking at market sentiment, the news carries a bullish tone. The high recovery rates and ongoing efforts to optimize the metallurgical process suggest that the Gradina Deposit could significantly contribute to a robust overall mineral resource. With drilling continuing across the project and further testwork planned to improve concentrate grades, the company appears well-positioned to deliver an attractive resource estimate, which could enhance investor confidence and project valuation. Conversely, a bearish perspective may focus on the risks inherent in early-stage metallurgical testing, where isolated lower recoveries and the challenges of scaling up laboratory results to commercial production remain. Furthermore, the forward-looking statements emphasize that actual outcomes could differ from these preliminary results due to operational and market uncertainties. Nonetheless, for beginner traders seeking an entry point in mining equities, these technical milestones may be a signal of potential value creation over the mid to long term.

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