Strickland Metals Limited has announced a significant exploration update at its Yandal Gold Project in Western Australia. The company has expanded its high-resolution ground gravity survey, which was first completed at the Dusk ‘til Dawn area, to now cover an additional stretch of 19 kilometers. This extended survey focuses on intrusion-related gold (IRG) targets that display similar low-density anomalies and historic gold assay results, particularly in an area immediately north of the Horse Well resource. The updated survey uses 50-meter spaced measurement points along the strike and aims to identify new zones with geophysical characteristics comparable to those observed at Dusk ‘til Dawn. Complementary alteration categorisation work is also underway, with ongoing sampling and re-analysis of historical drill chips from previous exploration programs. Gravity inversion modelling and mineral categorisation are expected to be finalized in early June, which will help refine the model for future drill tests. In addition to these technical advancements, Strickland Metals Limited has secured co-funding from the Western Australian Government’s Exploration Incentive Scheme. This support will enable the company to commence diamond drilling at the Dusk ‘til Dawn IRG target, marking the first drill test of this system under cover. Financially, the company is on firm footing with reported cash and liquid assets of $34.8 million as of 31 March 2025, supplemented by a strategic $5 million investment from Zijin Mining after the close of the March quarter. From a bullish perspective, these developments signal progress in expanding the exploration footprint and refining target identification through advanced geophysical surveys and technical modelling. The government co-funding for drilling and robust financial position add confidence in the company’s ability to further unlock potential gold resources. Conversely, a bearish view might point to the inherent risks in exploration projects, where positive survey results do not always translate into economically viable mining operations. Additionally, ongoing reliance on technical assessments and historical data necessitates cautious optimism until drilling results are confirmed.