Strickland Metals Limited has re-ignited its exploration efforts at the Rogozna Gold and Base Metals Project in Serbia, focusing on a large-scale copper-gold porphyry system. The company has commenced follow-up drilling at the Jezerska Reka target, where earlier drill-holes revealed significant porphyry-related veining and alteration. In parallel, a 50m x 50m ground gravity survey has started in the central porphyry area to detect density contrasts beneath overlying younger volcanic cover. This survey will be complemented by a magnetotelluric survey designed to map conductivity contrasts at depth, with the expectation of identifying additional porphyry targets for drill-testing throughout 2025. Exploration details at Jezerska Reka indicate promising early results. The target, first identified through soil geochemistry and mapping in 2022, has revealed extensive alteration. Notably, one hole recorded an intercept of 92.0m at 0.4g/t gold and another extended a porphyry vein system with 493.0m at approximately 0.14g/t gold, supporting the notion that these zones are parts of a larger system. The current drill-hole, aimed at the center of the porphyry system where the strongest geophysical anomalies occur, is a key part of the company’s strategy to unlock the full potential of the prospect. The Central Porphyry Target area, located north of Jezerska Reka, presents a compelling opportunity despite having its underlying signatures masked by younger volcanic rocks. Previous airborne and ground geophysical surveys, including ZTEM, have pinpointed remanent magnetism anomalies that correlate with known regional deposits. The geometry of the Rogozna magmatic system—with its association to extensive skarn alteration and proximity to a major transform fault—adds further promise, drawing parallels with world-class mining complexes such as the Grasberg-Ertsberg deposit in Indonesia. From a technical perspective, recent resource estimates across different parts of the project indicate a combined resource of approximately 7.40 million ounces of gold equivalent. The Medenovac and Shanac zones contribute significantly to these figures, underpinned by robust geological and mineralisation models. These indicators, alongside the reinterpretation of drill and geophysical data, strengthen the case for a potential world-class discovery as exploration progresses. The financial footing of Strickland Metals Limited reinforces its exploration ambitions. With cash and liquid assets totaling $34.8 million at the end of the March 2025 quarter, augmented by a $5 million strategic investment from Zijin Mining, the company is well positioned to fund its ongoing field operations and further drill-testing initiatives. Market sentiment regarding the company’s recent news is mixed. On the bullish side, the combination of promising drill intercepts, a systematic and multi-method geophysical campaign, and strong financial backing suggests a positive outlook for uncovering significant porphyry targets. Investors might view the ongoing exploration as an indicator of a potential breakthrough in one of Serbia’s most promising copper-gold regions. Conversely, the bearish perspective cautions that the project remains in its early exploration phase, with inherent risks associated with deep porphyry systems. Uncertainties in resource conversion and the challenges of delineating blind deposits under volcanic cover add to the caution for short-term investors.