Strickland Metals (ASX:STK) said first-pass drilling at its Obradov Potok prospect in Serbia has confirmed the presence of carbonate replacement lead-zinc-silver mineralization, according to a Thursday filing with the Australian bourse.

The mineralization is likely in proximity to a new copper-gold skarn, where the company plans to conduct further drilling to target the interpreted core of the system, per the filing.

Strickland said it is increasingly recognizing a network of "important ore-controlling structures" at the Rogozna gold and base metals project, and more exploration is planned to follow up on the structural framework.

The company had cash and liquidity totaling AU$38.2 million as of Dec. 31, 2025, and an additional AU$55 million from a recent institutional placement.