Strickland Metals (ASX:STK) said the maiden inferred mineral resource estimate of 12 million tonnes at a grade of 3 grams per tonne gold, equating to 1.2 million ounces of gold, at its Gradina deposit within its Rogozna Project in Serbia is "highly likely" to grow further, according to a Wednesday filing with the Australian bourse.
The mineralization remains open in all direction with "significant" near-term growth potential, the filing said.
The company expects the next resource update at the project in the first quarter of fiscal 2026, the filing added.