Strickland beefs up management as Serbian gold | Australian Markets

Strickland Metals is selecting up the tempo at its south Serbian Rogozna gold and base metals project which incorporates a additional 20,000m of drilling at its Gradina goal and a slew of new center managers which can be succesful of guiding all of it the best way into manufacturing.

The company’s pre-development packages have now been expanded to incorporate environmental baseline surveys, the opening of a native workplace, well-advanced metallurgical research and ongoing drilling by six rigs throughout three targets as a choice to go mining looms on the 7.4m ounce gold equal project.

The new key new management appointments will advance the company’s mining and environmental research and complement its 40 native Serbian workers.

Three new management appointments embody Sarai Tautari as Community Relations Manager who spent 19 years in comparable roles at Twiggy Forrest’s Fortescue, one of Australia’s greatest mining firms.

Her appointment is supported by Strickland’s current opening of a group relations workplace within the city of Novi Pazar, about 10km from the Rogozna project.

As a first move locally relations stakes, Strickland says it has already undertaken a 2000 tree-planting program at Rogozna, with one other program deliberate for mid-year.

A second appointment to the increasing management crew is Mark Mantle, an engineer with more than 30 years of expertise throughout a number of continents with teams such as Minproc Engineers, Ausenco, DRA, St Barbara, Newmont and Mineral Resources.

Mantle has been concerned with early-stage scoping by to construction supply and operations management.

Ben Pearson has additionally been tapped to fill the function of Environmental and Permitting Manager as Strickland will get able to tick the ESG box alongside the pathway to manufacturing.

The company just lately engaged Serbian environmental consulting company Envico to proceed baseline research throughout the project space which is able to increase on earlier baseline surveys undertaken between 2020 and 2023 that assessed biodiversity, floor water, geomorphology, soil chemistry and land use.

As half of what’s shaping up to be a pivotal yr of growth on the Rogozna Project in 2025, we’ve just lately expanded our management staff to handle the important thing areas of group relations, mining research, environmental and sustainability research. These new appointments complement our distinctive native staff of 40 Serbian workers, making our native subsidiary, Zlatna Reka Resources, one of probably the most energetic explorers within the area.

Strickland says its up to date metallurgical testwork for the Shanac deposit is about 50% full, whereas just lately up to date testwork on the Medenovac deposit is about 30% full.

Previous metallurgical research and assessments at every of the Rogozna deposits show constructive outcomes with clear pathways for high metallic recoveries from processing, whereas further bulk pattern materials from the Gradina deposit has arrived at ALS’ Laboratory in Perth, with metallurgical check work to start subsequent week.

The Rogozna project includes 4 exploration licences which embrace an space of about 184 sq. kilometres. Strickland says the project has the potential to turn into one of the most important undeveloped gold deposits within the world.

The project hosts a giant magmatic hydrothermal system which is characterised by in depth skarn-based gold-copper mineralisation with various ranges of related silver, lead and zinc.

The general geological system additionally helps attendant epithermal and porphyry-intrusive mineralisation kinds.

The space has been explored for the reason that in depth period of the Roman empire, together with a quantity of important episodes of drilling between 1957 and 2022 which comprise more than 100,000m of diamond drilling and diverse geochemistry and geophysics.

Previous work recognized more than 20 exploration targets. Strickland’s present key initiatives embody its flagship 5.3 million ounce gold equal Shanac inferred useful resource, its 1.28 million ounce gold equal Medenovac useful resource and the 0.81 million ounce gold equal Copper Canyon deposit.

It’s Gradina deposit makes up the present complement of still-evolving deposits with a useful resource estimate primarily based on its a number of gold lodes pending finalisation on this yr’s closing quarter.

Strickland’s near-term exploration strategy consists of ongoing useful resource growth by rising and upgrading the present inferred assets at Shanac and Copper Canyon, refining its mineral assets on the Medenovac and Gradina deposits and following up recognized mineralisation at Copper Canyon South and Cesme.

The company can be about to assault new drill-ready targets, together with testing high-priority targets at its new Jezerska Reka discovery and at Kotlovi, Veleiki and Red Creek.

It additionally plans to follow-up new however earlier-stage targets at Obradov Potok, Leca, Wolf Pond and Kaluder.

The company plans to undertake about 35,000m of useful resource definition and 15,000m of discovery drilling on the Rogozna project this yr and stays well-funded to ship the largest-ever exploration program at Rogozna in 2025.

Six diamond drilling rigs are presently working at Rogozna, with 4 rigs centered on Gradina, one at Shanac and one following up the late-2024 Kotlovi discovery.

Notably, the company was sitting on about $34.8 million in money and liquid belongings as of the top of March, topped up by a useful further $5 million strategic non-public placement by large Chinese participant Zijin Mining in mid-April.

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