ASX All Ords gold stock surges on strong assay results
Strickland Metals has surged more than 200% in the past 12 months driven by exceptional drill results but the attention now turns to where the company is headed next.
Strickland Metals Limited (ASX: STK)
on 20 January 2026 announced that further wide and high-grade drill intercepts were returned from the 5.3Moz AuEq Shanac Deposit within its 100% owned Rogozna Gold and Base Metals Project in Serbia.
The recent diamond drilling confirmed the presence of both bulk tonnage mineralisation and higher-grade zones which included intercepts of up to 113.4 metres at 1.7 g/t AuEq.
These results have improved investor confidence ahead of an updated Mineral Resource Estimate which is expected in the March 2026 quarter.
The company also highlighted its strong financial position with cash and liquid assets of $41.8 million at the end of September 2025 which supports aggressive exploration activity and sustained news flow through 2026.
The company on 12 November 2025 announced exceptional drill results from the Gradina Deposit within the Rogozna Project including the largest intercept recorded to date of more than 700 metres of continuous gold and zinc mineralisation.
The standout hole returned 702.5 metres at 0.9 g/t gold and 0.6% zinc with multiple higher-grade zones which confirms the scale and continuity of the mineralised system.
The Rogozna Project benefits from favourable geology within the Western Tethyan Belt where several major global miners operate which enhances its strategic relevance.
With a current market capitalisation of $480.5 million, the outlook is attractive due to upcoming resource upgrades along with ongoing exploration success across the project area.
Strickland Metals is also well positioned to benefit from high gold and copper prices as both metals form meaningful components of the Rogozna polymetallic system which could further enhance project economics and long-term valuation upside.
(Source: Company Announcements)
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