Slides
Page 1
Growing Rogozna Into A Tier One Gold Project Corporate Presentation February 2026 ASX Code: STK For personal use only
Page 2
2 The information contained in the Presentation (Information) is a summary only and should be read in conjunction with any oral briefing and all other documents provided to you by the Strickland Metals Limited (Company). The Information is current as at the date of its release and the Company does not undertake to provide any additional or updated information, whether as a result of new information, future events or results or otherwise. The material in this presentation contains certain forecasts and forward-looking information, including regarding possible or assumed future performance or potential growth of the Company. Such information is not a guarantee of future performance and involves unknown risks and uncertainties, as well as other factors, many of which are beyond the control of the Company. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors. No representation or warranty, expressed or implied, is made or given by or on behalf of the Company, any of the Company’s directors, or any other person as to the accuracy or completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any of them for such information or opinions or for any errors, omissions, misstatements, negligent or otherwise, or for any communication written or otherwise, contained or referred to in this presentation. Accordingly, neither the Company nor any of the Company’s directors, officers, employees, advisers, associated persons or subsidiary undertakings shall be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying upon the statement or as a result of any admission in, or any document supplied with, this presentation or by any future communications in connection with such documents and any such liabilities are expressly disclaimed. Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and the completeness of the information, statements and opinions contained. By receiving the Presentation, you acknowledge and represent to the Company that you have read, understood and accepted the terms of this disclaimer. This Presentation is not a prospectus, product disclosure statement or other offering document under Australian law or any other law (and will not be lodged with the Australian Securities and Investments Commission (ASIC) or any other foreign regulator) and is not, and does not constitute, an invitation or offer of securities for subscription, purchase or sale in any jurisdiction. In particular, this Presentation does not constitute an invitation or offer of securities for subscription, purchase or sale in the United States or any other jurisdiction in which such an offer would be illegal. The securities referred to in this Presentation have not been, and will not be, registered under the US Securities Act of 1933 as amended or the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly in the United States. The presentation has been authorised for release by the Managing Director of the Company. Disclaimer For personal use only
Page 3
3 Board Anthony McClure Non-Executive Chairman Paul L’Herpiniere Managing Director Richard Pugh Non-Executive Director Dr Jon Hronsky (OAM) Non-Executive Director Trent Franklin Non-Executive Director Shares on issue 2,631,868,767 Performance rights (20c, 30c, 50c)1 71,300,000 Options (13.5c) 50,000,000 Share Price A$0.225 Market Capitalisation (Undiluted) A$592M (US$419M) Cash A$68.2M (US$48.3M)2 Listed shares (as of 31 Dec 2025) A$21.6M (US$15.3M)3 Top 20 56.7% Board and Management 3.3% Capital Structure (as of 16 February 2026 unless otherwise stated) Significant Shareholders 1. Vesting condition relating to 12,600,000 Performance Rights has been satisfied, being that the Company achieves a 10 day VWAP of at least $0.20. These performance rights can now be converted into fully paid ordinary shares in the Company at the election of the holders at any time prior to their expiry date of 26 August 2027. 2. Includes cash at 31 December 2025 and proceeds of approximately A$51.9m received after costs following A$55m equity raise completed on 11 February 2026. Based on 0.65 AUD:USD. 3. Shares via holding entity ISIHC Ltd. Corporate Overview ASX trading (ASX: STK) - 10 20 30 40 50 $0.00 $0.05 $0.10 $0.15 $0.20 $0.25 $0.30 Feb 25 May 25 Aug 25 Nov 25 Feb 26 A$/sh Vol (m) ARA V Fund3 8.3% Ibaera Capital Fund 13 8.3% Jupiter Asset Management 4.1% Zijin Mining 4.0% L11 Capital Pty Ltd 3.6% For personal use only
Page 4
4 Strickland Metals – A Rare Opportunity 1. Refer to Appendix 1 for further details. 2. Refer to ASX Announcement dated 4 February 2026. Source: S&P Global *Refer to Appendix 2,3,4 and 5 for further source details regarding peer comparisons. Market capitalisation as of 11 Feb 2026. Based on 0.65 AUD:USD. Rogozna Project JORC Inferred Resources of 8.6Moz AuEq1 : one of the largest resource bases among ASX-listed gold explorers and growing. Zijin Mining as strategic investor: World’s 3rd largest mining company and largest company operating in Serbia – validates Rogozna as Tier One asset. 70,000m of drilling planned for 2026 at Rogozna: Chasing high value resource growth and targeting new gold-copper discoveries while executing on drilling for delivering PFS. Heavily oversubscribed $55 million institutional placement2: Fully funded to completion of PFS in 1H 2027. Institutional demand highlights growing recognition of Rogozna and The Balkan region. 0.0 2.0 4.0 6.0 8.0 10.0 12.0 - 100 200 300 400 500 600 Contained Metal (AuEq Moz)* Market Capitalisation (US$ million) ASX/TSX Listed Gold Development Projects* TSX ASX STK Rogozna Project For personal use only
Page 5
5 Momentum Growing as Rogozna Gains Traction Resource Base Non-Core Asset Realisation Market Cap Institutional Holding New Discoveries2 July 2024 5.4Moz AuEq A$175m 25% February 2026 8.6Moz AuEq1 A$592m 38% Kotlovi Red Creek Value Accretion Drivers Low cost MRE Growth • Gradina • Kotlovi • Shanac • Red Creek potential Discovery & Exploration Success Mining Studies Delivery Institutional Demand Transformational project with significant upside potential ahead Two discoveries in 15 months 1. Refer to Appendix 1 for further details. 2. Refer to ASX announcement dated 11 November 2024 and 3 February 2026. >A$100m value created through sale of WA Assets +238% +13% +58% For personal use only
Page 6
6 Rogozna Overview For personal use only
Page 7
7 Highly prospective geology Western Tethyan Belt with multiple giant porphyry-related deposits. Major miners active in-country Zijin, Rio Tinto, BHP and Dundee Precious Metals. Mining in Serbia 2.7% of GDP , strategy to increase contribution over the next decade. Europe’s 3rd largest copper producer. Rogozna – In the Land of Giants For personal use only
Page 8
8 A massive magmatic mineral system covered by ~184 km2 of tenure. Located in the heart of one of Europe’s largest historical base metal mining centres – Trepca Mineral District. Four skarn-hosted gold + base metal deposits and extensive exploration pipeline with >20 targets defined by >160km of drilling. 211Mt @ 1.3g/t AuEq for 8.6Moz AuEq Inferred Resources1 for the four drill-defined deposits – updated MRE for Shanac remains on track for delivery in late Q1 CY26. Rogozna Overview 1. Refer to Appendix 1 for further details. Rogozna Plan View Map with Geology, Geochemistry, Deposits and Prospects Prospect Tonnes (Mt) AuEq (g/t) Au (g/t) Cu (%) Ag (g/t) Pb (%) Zn (%) AuEq (Moz) Gradina 12 3.0 3.0 - - - - 1.2 Medenovac 21 1.9 0.77 0.27 6.3 0.11 1.54 1.28 Shanac 150 1.1 0.64 0.12 5.8 0.24 0.34 5.30 Copper Canyon 28 0.9 0.40 0.30 - - - 0.81 Total1 211 1.3 0.76 0.15 4.8 0.18 0.39 8.60 For personal use only
Page 9
9 Rogozna Sustainability Zlatna Reka Resources - Strickland Metals’ 100%-owned Serbian subsidiary 58 permanent employees = >100% increase over 12 months; • 60% from local communities. • 31% Female = >50% increase over 12 months. • 20% of workforce focused on community, environment and cultural heritage. Operational offices in Raska, Novi Pazar and Belgrade. • >80% local procurement. Increased commitment to the support of multiple community initiatives and sustainability projects. Expanded environmental studies, monitoring and rehabilitation. ESG Certified with BB rating. For personal use only
Page 10
10 Deposit Overview For personal use only
Page 11
11 12Mt @ 3.0g/t Au for 1.20Moz Au JORC 2012 Inferred Resources1 • The highest grade, most gold-dominant deposit at Rogozna. • Resources constrained by Long Hole Open Stoping UG mining shapes @ $2,500/oz gold price, >1.5g/t Au cut-off grade. • Significant near-term growth potential with mineralisation open in all directions including the “gap zone”. • High gold recoveries of ~90% achieved through standard industry flotation processes.2 Gradina Long Section Gradina Deposit – 1.2Moz High-Grade Gold System Gradina Cross SectionGradina Plan View 1. Refer to Appendix 1 for further details. 2. See ASX announcement dated 4 November 2024 and 28 July 2025. For personal use only
Page 12
12 Shanac plan view map 1. Refer to Appendix 1 for further details. Shanac Deposit – 5.3Moz AuEq and Growing 150Mt @ 1.1g/t AuEq for 5.30Moz AuEq JORC 2012 Inferred Resources1 • Includes 32Mt @ 1.8g/t AuEq for 1.85Moz AuEq (>1.2g/t AuEq cut-off grade). • Resources constrained by Sub Level Cave UG mining shapes @ $US 2,250/oz gold price, >0.6g/t AuEq cut-off grade. • Growth potential along strike to the north and at depth. Shanac cross section view, looking north Shanac long section view, looking west 1. Refer to Appendix 1 for further details. For personal use only
Page 13
13 1. Refer to ASX announcement 3 February 2026. Red Creek – New Discovery 1km from 5.3Moz Shanac Deposit High-grade gold and base metals discovery with significant upside potential. Discovery hole (ZRSD25233) significant intercepts1: • 4.0m @ 4.0g/t AuEq from 44.0m; and • 53.0m @ 2.3g/t AuEq from 514.4m, incl. • 35.0m @ 3.1g/t AuEq from 518.4m, incl. • 15.0m @ 4.0g/t AuEq from 518.4m, and • 16.7m @ 2.8g/t AuEq from 536.7m, and • 13.3m @ 0.9g/t AuEq from 658.6m, and • 4.0m @ 0.8g/t AuEq from 723.5m. 522.0 to 524.5m in ZRSD25233 – 2.8g/t Au, 3.7% Cu, 5.3% Pb, 1.5% Zn and 86.6g/t Ag (13.5g/t AuEq2). 524.5 to 526.5m – 0.4g/t Au, 1.4% Cu, 0.2% Pb, 0.1% Zn and 15.5g/t Ag (3.3g/t AuEq2). 540.5 to 542.5m – 1.9g/t Au, 0.3% Cu, 1.1% Pb, 0.8% Zn and 17.3g/t Ag (3.6g/t AuEq2). 538.5 to 540.5m – 0.6g/t Au, 0.3% Cu, 1.1% Pb, 7.9% Zn and 13.6g/t Ag (6.0g/t AuEq2). For personal use only
Page 14
14 Red Creek – Upside Potential • A very large search space exists at Red Creek – with limited drilling for ~1.5km along strike to the SE, towards Copper Canyon and ~1km of open space laterally to the east towards Shanac. • Follow-up drilling to be carried out in 2026. Red Creek to Shanac Cross Section view looking north, 80m view width. Red Creek, Shanac, Copper Canyon and Gradina Plan View Map. For personal use only
Page 15
15 1. Refer to Appendix 1 for further details. 2. Refer to ASX announcement 17 April 2024, 27 September 2024 and 31 October 2024. 3. Refer to ASX announcement 6 August 2025 and 1 December 2025. 4. Refer to ASX announcement 1 December 2025. Medenovac Deposit – Structurally Controlled High-Grade Core 21Mt @ 1.9g/t AuEq for 1.28Moz AuEq JORC 2012 Inferred Resources1 . • 6,800 AuEq OPVM over 150m vertical extent. • Resources constrained by Sub Level Cave UG mining shapes @ $2,250/oz, >1.0g/t AuEq cut off grade. • Mineralisation remains open to the north and at depth. Structurally-controlled high-grade core2: • 97.7m @ 5.1g/t AuEq from 321.0m (ZRSD21136). • 50.0m @ 5.6g/t AuEq from 271.5m (ZRSD24157). • 43.4m @ 4.6g/t AuEq from 357.2m (ZRSD24159). New Kotlovi discovery just 350m to the west3: • 277.3m @ 1.3g/t AuEq from 337.4m (ZRSD25189). • 34.9m @ 2.2g/t Au from 324.2m (ZRSD25206). Medenovac cross section view looking north4 For personal use only
Page 16
16 1. Refer to ASX announcement 6 August 2025. 2. Refer to ASX announcement 11 November 2024. Kotlovi – New Discovery with Growing Mineralisation Footprint Significant new discovery with scale potential just 350m west of Medenovac. • 277.3m @ 1.3g/t AuEq from 337.4m (ZRSD25189)1, incl. • 163.0m @ 1.4g/t Au from 337.4m, incl. • 33.5m @ 2.9g/t Au from 339.4m, and • 2.0m @ 15.3g/t Au from 370.9m, and • 15.1m @ 2.7g/t Au from 421.0m, and • 12.0m @ 2.9g/t Au from 476.4m. • 15.6m @ 2.0g/t AuEq from 391.5m (ZRSD24163)2, and • 40.3m @ 2.6g/t Au from 558.1m, incl. • 12.0m @ 5.7g/t Au from 584.4m. • 17.0m @ 3.5g/t AuEq from 744.7m (ZRSD24158)2, incl. • 11.0m @ 4.6g/t AuEq from 750.7m. Medenovac to Kotlovi cross section view looking north4 For personal use only
Page 17
17 1. Refer to Appendix 1 for further details. 2. Refer to ASX announcement 8 October 2025. 3. Refer to ASX announcement 17 April 2024. 28Mt @ 0.9g/t AuEq for 0.81Moz Au Eq JORC 2012 Inferred Resources1 • Resources constrained by open-pit shell @ US$2,000/oz, 0.4g/t AuEq cut-off, 2.2:1 strip ratio. • Upper zone of Cu-Au mineralisation up to 150m thick, 0.5g/t Au and 0.5% Cu.2 • Au-only mineralisation beneath the Cu-Au zone • 38.4m @ 3.7g/t Au from in EOKSC16803 • Mineralisation near surface and open in all directions. • Improve confidence in CY26 Copper Canyon Deposit – Outcropping Copper-Gold Copper Canyon cross section looking NW2 For personal use only
Page 18
18 Skarn systems the scale of Rogozna often have a mineralised porphyry in proximity. Porphyry-related alteration and mineralisation confirmed at Jezerska Reka1: • 493.0m @ 0.1g/t Au from 223.6m (ZRJD24002). Mineralisation-related structural framework developed in late CY25 with follow up discovery drilling planned in CY26. Central Porphyry Target Area – covered by younger volcanics - ground geophysics generating multiple additional targets.2 Exploration Upside – An Extensive Portfolio of Targets 1. Refer to ASX announcement 4 March 2025. 2. Refer to ASX announcements 14 July 2025 and 9 October 2025. For personal use only
Page 19
19 Project Development For personal use only
Page 20
20 Key Deliverables for 2026/27 Q2 2026 Resource Growth Drilling Shanac MRE Update Q1 2026 PFS Drilling Start Q1 2026 Q2 2026 Internal Scoping Study Completion Q2 2026 Discovery Drilling Q2 2026 Porphyry Exploration Q4 2026 Resource Updates Multiple Mineral Resource updates planned for 2026 8-10 rigs on site to drive regular news-flow Progressing project and mining studies in parallel for PFS delivery in 1H 2027 70,000m Resource and Discovery Drilling at Rogozna in 2026 1.2Moz Au Maiden Gradina MRE Dec 2025 PFS Delivery 1H 2027 For personal use only
Page 21
21 Strickland Metals - Primed for Growth Significant Scale 8.6Moz AuEq1 Rogozna Project in Serbia. Clear Focus and exceptional leverage to further discoveries, resource growth and the strong gold price environment. 70,000m of diamond drilling planned for 2026 represents the largest ever annual program undertaken at the Rogozna Project. Multiple Mineral Resource Estimate (MRE) updates due in 2026, featuring Shanac, Copper Canyon and Gradina. PFS delivery in 1H 2027 targeting stage one underground development. 1. Refer to Appendix 1 for further details regarding Rogozna JORC 2012 Inferred Mineral Resource Estimate. 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 Jan-20 Oct-21 Apr-23 Mar-25 Dec-25 Contained Metal (AuEq Moz) Rogozna Resource Growth1 Gradina Medenovac Shanac Copper Canyon For personal use only
Page 22
22 Mineral Resource & Supporting Information For personal use only
Page 23
23 Prospect Tonnes (Mt) AuEq (g/t) Au (g/t) Cu (%) Ag (g/t) Pb (%) Zn (%) AuEq (Moz) Au (Moz) Cu (kt) Ag (Moz) Pb (kt) Zn (kt) Gradina (December 2025)A 12 3.0 3.0 - - - - 1.2 1.2 - - - - Medenovac (February 2025)B 21 1.9 0.77 0.27 6.3 0.11 1.54 1.28 0.52 57 4.3 23 320 Shanac (March 2025)B 150 1.1 0.64 0.12 5.8 0.24 0.34 5.30 3.09 180 28.0 360 510 Copper Canyon (October 2021)C 28 0.9 0.40 0.30 - - - 0.81 0.36 84 - - - TotalD 211 1.3 0.76 0.15 4.8 0.18 0.39 8.60 5.2 321 32.3 383 830 Table Notes: A. Gradina (December 2025) estimates include Au equivalent values for consistency with the other Rogozna deposits. The AuEq grade includes only gold grades. Estimates for this deposit reflect a price and metallurgical recovery for gold of $US2,500/oz and 90% respectively on the basis of Strickland’s interpretation of potential long term commodity prices and their interpretation of initial metallurgical test work and gives the following formula: Au Equivalent (g/t) = Au (g/t). It is the Company’s opinion that the gold included in the metal equivalents calculations has a reasonable potential to be recovered and sold. A 1.5 g/t Au cut-off has been used for the Gradina Mineral Resource Estimate. B. For Medenovac (February 2025) and Shanac (March 2025) AuEq grade is based on metal prices of gold (US$2,250/oz), copper (US$10,000/t), silver (US$25/oz), lead (US$2,200) and zinc (US$3,000/t) and overall metallurgical recoveries of 80% for these metals. These estimates are based on Strickland’s interpretation of potential long term commodity prices and their interpretation of initial metallurgical test work and use the following formula: AuEq (g/t) = Au (g/t) + 1.38 x Cu(%) + 0.011 x Ag (g/t) +0.304 x Pb(%) + 0.413 x Zn(%). It is the Company’s opinion that all the elements included in the metal equivalents calculations have a reasonable potential to be recovered and sold. A 1.0 g/t AuEq cut-off has been used for the Medenovac Resource Estimate. A 0.60 g/t AuEq cut-off has been used for the Shanac estimate. C. For Copper Canyon (October 2021) AuEq grade based on metal prices of gold (US$1,750/oz), copper (US$10,000/t), and metallurgical recoveries of 80% for both metals. These estimates are based on the Company’s assumed potential commodity prices and recovery results from initial and ongoing metallurgical test work and use the following formula for Copper Canyon: AuEq (g/t) = Au (g/t) + 1.55 x Cu (%). It is the Company’s opinion that all the elements included in the metal equivalents calculations have a reasonable potential to be recovered and sold. A 0.4g/t AuEq cut-off has been used for the Copper Canyon Resource Estimate. D. Rounding errors are apparent in the summation of total resources. Please refer to the Company’s ASX announcements dated; 10 December 2025 titled: “1.2Moz @ 3.0g/t Gold in Maiden Gradina Mineral Resource Estimate, 27 March 2025 titled: “Shanac Resource Increases to 5.30Moz AuEq, Taking Rogozna to 7.40Moz AuEq”, 19 February 2025 titled: “Rogozna Resource Increases by 23% to 6.69Moz AuEq”, and 17 April 2024 titled: “Acquisition of the 5.4Moz Au Eq Rogozna Gold Project” for full details regarding the Mineral Resource Estimates. Appendix 1: Rogozna Inferred Mineral Resource Estimates For personal use only
Page 24
24 Appendix 2: Junior Listed ASX Gold Project Summary Reported JORC 2012 Resource Project Company Exchange Development Stage Tonnes (Mt) Gold Grade (g/t) Copper Grade (%) Lead Grade (%) Zinc Grade (%) Silver Grade (g/t) AuEq Grade (g/t) Contained AuEq (Moz) Source Estelle Nova Minerals ASX:NVA PFS/Scoping Complete 1,102 0.30 0.00 0.00 0.00 0.00 0.30 9.9 Annual Report to shareholders 30 June 2025 Rogozna Strickland Metals ASX:STK Approaching PFS 211 0.76 0.15 0.18 0.39 4.80 1.30 8.6 1.2Moz @ 3.0g/t Gold in Maiden Gradina Mineral Resource, 10 Dec 2025 El Guayabo Challenger Gold ASX:CEL Exploration 431 0.37 0.07 0.00 0.00 2.30 0.50 6.9 Ecuador Resource Doubled to 9.1 million ounces AuEq, April 2025 (CEL share 6.9Moz) Maverick Springs Sun Silver ASX:SS1 Approaching PFS 237 0.30 0.00 0.00 0.00 45.50 0.81 6.1 Maverick Springs Resource increased by 59Moz AgEq to 539Moz, 9 Dec 2025 Bankan Predictive Discovery ASX:PDI Feasibility Complete 104 1.66 0.00 0.00 0.00 0.00 1.66 5.5 Quarterly activities report for period ending 30 June 2025 Bullabulling Minerals 260 ASX:MI6 PFS In Progress 130 1.00 0.00 0.00 0.00 0.00 1.00 4.5 Bullabulling Gold Project Mineral Resource doubles to 4.5Moz, 01 December 2025 Afema Turaco Gold ASX:TCG PFS In Progress 103 1.20 0.00 0.00 0.00 0.00 1.20 4.1 Further Afema resource growth to in-excess of 4moz gold, 30 Oct 2025 Bramaderos Sunstone Metals ASX:STM Exploration 220 0.33 0.10 0.00 0.00 1.16 0.50 3.6 Resource jumps 33% to 3.6Moz AuEq, 24 November 2025 Sturec MetalsTech ASX:MTC PFS In Progress 68 1.22 0.00 0.00 0.00 10.11 1.33 2.9 Quarterly activities/appendix 5B cash flow report, 30 June 2025 Pickle Crow FireFly Metals ASX:FFM Exploration 12 7.20 0.00 0.00 0.00 0.00 7.20 2.8 2024 Annual Report Minyari Antipa Minerals ASX:AZY PFS/Scoping Complete 48 1.54 0.18 0.00 0.00 0.43 1.76 2.7 Expanded gold-copper discovery and resource extensions at Minyari Dome Hualilan Challenger Gold ASX:CEL PFS In Progress 61 1.12 0.00 0.06 0.44 5.97 1.38 2.7 Quarterly activities report, 30 June 2025 Katanning Ausgold ASX:AUC Feasibility Complete 69 1.11 0.00 0.00 0.00 0.00 1.11 2.4 Updated Definitive Feasibility Study, 16 December 2025 Bendigo-Ophir Santana Minerals ASX:SMI PFS/Scoping Complete 34 2.09 0.00 0.00 0.00 0.00 2.09 2.3 Quarterly activities & cashflow report, 30 June 2025 Gum Creek Horizon Gold ASX:HRN Feasibility In Progress 38 1.89 0.00 0.00 0.00 0.00 1.89 2.3 Gum Creek Project Gold Resource Update, 4 November 2025 Bau Besra Gold Inc. ASX:BEZ Feasibility In Progress 53 1.34 0.00 0.00 0.00 0.00 1.34 2.3 Updated Mineral Resource Estimate, 21 October 2025 Lady Julie Magnetic Resources NL ASX:MAU Feasibility Complete 39 1.78 0.00 0.00 0.00 0.00 1.78 2.2 Lady Julie Gold Project Exceeds 2.24Moz, January 2026 Youanmi Rox Resources ASX:RXL Construction 12 5.60 0.00 0.00 0.00 0.00 5.60 2.2 Underground resources increased to 2.1moz, July 2025 Apollo Hill Saturn Metals ASX:STN PFS Complete 137 0.51 0.00 0.00 0.00 0.00 0.51 2.2 Apollo Hill Gold resource increases to 2.24moz, July 2025 Kobada Toubani Resources ASX:TRE Construction Planned 78 0.88 0.00 0.00 0.00 0.00 0.88 2.2 Quarterly activities & cashflow report, 30 June 2025 Japa Tribune Resources ASX:TBR Exploration 21 2.65 0.00 0.00 0.00 0.00 2.65 1.8 2025 Annual Report Woodlark Island Geopacific Resources ASX:GPR Feasibility In Progress 48 1.07 0.00 0.00 0.00 0.00 1.07 1.7 Quarterly activities & cashflow report, 30 June 2025 Tunkillia Barton Gold Holdings ASX: BGD PFS/Scoping Complete 63 0.80 0.00 0.00 0.00 2.80 0.81 1.6 Tunkilla JORC resources grow to 1.6moz gold, 3.1moz silver, March 2025 For personal use only
Page 25
25 Appendix 3: ASX Gold Project Resources Measured Indicated Inferred Total Project Company Tonnes (Mt) Gold Grade (g/t) Contained Gold (Moz) Tonnes (Mt) Gold Grade (g/t) Contained Gold (Moz) Tonnes (Mt) Gold Grade (g/t) Contained Gold (Moz) Tonnes (Mt) Gold Grade (g/t) Contained Gold (Moz) Estelle Nova Minerals 1 4.10 0.18 323 0.30 3.25 777 0.30 6.46 1,102 0.30 9.89 Bankan Predictive Discovery - - - 84 1.54 4.15 20 2.15 1.38 104 1.66 5.53 Rogozna Strickland Metals - - - - - - 211 0.76 5.20 211 0.76 5.20 El Guayabo Challenger Gold - - - 28 0.35 0.32 403 0.37 4.78 431 0.37 5.13 Bullabulling Minerals 260 - - - 93 1.00 3.00 42 1.10 1.50 130 1.00 4.50 Afema Turaco Gold - - - 56 1.20 2.16 47 1.20 1.90 103 1.20 4.06 Katanning Ausgold 42 1.14 1.53 21 1.02 0.69 6 1.16 0.22 69 1.11 3.04 Pickle Crow FireFly Metals - - - - - - 12 7.20 2.75 12 7.20 2.75 Sturec MetalsTech 25 1.46 1.16 12 1.15 0.45 31 1.07 1.08 68 1.22 2.69 Bendigo-Ophir Santana Minerals - - - 22 2.30 1.60 13 1.80 0.73 34 2.09 2.34 Bramaderos Sunstone Metals - - - 40 0.38 0.49 190 0.32 1.95 220 0.33 2.33 Minyari Antipa Minerals - - - 32 1.60 1.67 15 1.42 0.70 48 1.54 2.32 Gum Creek Horizon Gold - - - 27 1.90 1.63 11 1.86 0.67 38 1.89 2.30 Maverick Springs Sun Silver - - - - - - 237 0.30 2.29 237 0.30 2.29 Bau Besra Gold Inc. 4 1.68 0.21 9 1.67 0.47 41 1.24 1.61 53 1.34 2.28 Lady Julie Magnetic Resources NL - - - 31 1.80 1.81 8 1.68 0.43 39 1.78 2.24 Apollo Hill Saturn Metals 5 0.54 0.08 107 0.51 1.75 25 0.51 0.40 137 0.51 2.24 Kobada Toubani Resources - - - 71 0.87 1.99 7 0.97 0.21 78 0.88 2.20 Youanmi Rox Resources - - - 8 6.00 1.55 4 4.70 0.62 12 5.60 2.17 Hualilan Challenger Gold - - - 48 1.05 1.64 12 1.32 0.53 61 1.12 2.16 Japa Tribune Resources - - - 5 2.60 0.39 16 2.70 1.42 21 2.65 1.81 Woodlark Island Geopacific Resources 2 3.00 0.22 39 0.98 1.24 6 0.98 0.21 48 1.07 1.66 Tunkillia Barton Gold Holdings - - - 31 0.90 0.90 32 0.69 0.72 63 0.80 1.61 Mineral Resources are reported in accordance with JORC 2012 requirements. For personal use only
Page 26
26 Appendix 4: Junior Listed TSX Gold Project Summary Reported Mineral Resource Project Company Exchange Development Stage Tonnes (Mt) Gold Grade (g/t) Copper Grade (%) Lead Grade (%) Zinc Grade (%) Silver Grade (g/t) AuEq Grade (g/t) Contained AuEq (Moz) Source Titiribi GoldMining Inc. TSX:GOLD Exploration 676 0.40 0.09 0.00 0.00 0.00 0.53 11.5 GoldMining Inc. 2024 Annual Report Whistler GoldMining Inc. TSX:GOLD Advancing PFS 493 0.46 0.12 0.00 0.00 1.93 0.65 10.2 2024 Annual Report (GoldMining Inc. have 81% interest in Whistler Project Resource) Volta Grande Belo Sun Mining Corp TSX:BSX Prefeasibility/Scoping 196 0.96 0.00 0.00 0.00 0.00 0.96 6.1 Belo Sun 2024 Annual Report Springpole First Mining Gold Corp. TSX:FF Feasibility In Progress 255 0.68 0.00 0.00 0.00 4.22 0.73 6.0 NI 43-101 Technical report and Pre-feasibility Study, 22 Dec 2025 Rovina Valley Euro Sun Mining Inc. TSX:ESM Feasibility 245 0.42 0.17 0.00 0.00 0.00 0.65 5.1 Management Discussion and Analysis 30 June 2025 Colomac STLLR Gold Inc. TSX:STLR Prefeasibility/Scoping 95 1.67 0.00 0.00 0.00 0.00 1.67 5.1 STLLR Gold 2024 Annual Report Black Pine Liberty Gold Corp. TSX:LGD Feasibility 500 0.30 0.00 0.00 0.00 0.00 0.30 4.8 Preliminary Feasibility Study for Black Pine Oxide Gold Project, 10 October 2024 Fenelon and Martiniere Wallbridge Mining Company TSX:WM Prefeasibility/Scoping 39 3.33 0.00 0.00 0.00 0.00 3.33 4.1 NI 43-101 Technical report and Preliminary economic assessment, 27 March 2025 Ixtaca* Almaden Minerals TSX:AMM Feasibility 165 0.46 0.00 0.00 0.00 24.82 0.73 3.9 Revised annual report on form 20 -F, 28 Sept 2023 Aremu-Oko G2 Goldfields Inc. TSX:GTWO Prefeasibility/Scoping 34 3.28 0.00 0.00 0.00 0.00 3.28 3.5 Maiden PEA for the High-Grade Oko Gold Project, 18 Dec 2025 Taguas Orvana Minerals Corp. TSX:ORV Prefeasibility/Scoping 140 0.32 0.14 0.00 0.00 10.31 0.63 2.8 2024 Annual Report La Mina GoldMining Inc. TSX:GOLD Prefeasibility/Scoping 90 0.64 0.17 0.00 0.00 2.23 0.90 2.6 GoldMining Inc. 2024 Annual Report Crucero GoldMining Inc. TSX:GOLD Exploration 66 1.00 0.00 0.00 0.00 0.00 1.00 2.1 GoldMining Inc. 2024 Annual Report Eau Claire Fury Gold Mines TSX:FURY Prefeasibility/Scoping 12 4.95 0.00 0.00 0.00 0.00 4.95 1.9 Fury Gold Mines 2024 Annual Report Cabacal Meridian Mining UK Societas TSX:MNO Prefeasibility/Scoping 52 0.55 0.40 0.00 0.00 1.50 1.11 1.9 Cabacal NI 43-101 Technical Report and Pre-feasibility study, 10 March 2025 Yellowknife GoldMining Inc. TSX:GOLD Exploration 23 2.39 0.00 0.00 0.00 0.00 2.39 1.8 GoldMining Inc. 2024 Annual Report Bralorne Talisker Resources TSX:TSK Construction Started 8 6.36 0.00 0.00 0.00 0.00 6.36 1.7 Bralorne NI 43-101 Technical Report, 10 March 2023 * Mineral Resource estimate is reported in accordance with S-K 1300 requirements. All other resource estimates are reported in accordance with NI 43-101 requirements. For personal use only
Page 27
27 Appendix 5: TSX Gold Project Resources Measured Indicated Inferred Total Project Company Tonnes (Mt) Gold Grade (g/t) Contained Gold (Moz) Tonnes (Mt) Gold Grade (g/t) Contained Gold (Moz) Tonnes (Mt) Gold Grade (g/t) Contained Gold (Moz) Tonnes (Mt) Gold Grade (g/t) Contained Gold (Moz) Titiribi GoldMining Inc. 85 0.39 1.06 350 0.40 4.49 242 0.41 3.16 676 0.40 8.71 Whistler GoldMining Inc. - - - 294 0.42 3.93 198 0.52 3.31 493 0.46 7.24 Volta Grande Belo Sun Mining Corp 44 1.07 1.51 113 0.95 3.44 40 0.90 1.15 196 0.96 6.11 Springpole First Mining Gold Corp. - - - 191 0.78 4.79 64 0.38 0.78 255 0.68 5.60 Colomac STLLR Gold Inc. - - - 70 1.50 3.39 24 2.17 1.70 95 1.67 5.09 Black Pine Liberty Gold Corp. - - - 403 0.32 4.16 98 0.23 0.71 500 0.30 4.88 Fenelon and Martiniere Wallbridge Mining Company - - - 20 3.30 2.10 19 3.35 2.04 39 3.33 4.14 Rovina Valley Euro Sun Mining Inc. 62 0.49 0.99 183 0.39 2.28 - - - 245 0.42 3.27 Aremu-Oko G2 Goldfields Inc. - - - 16 3.24 1.62 18 3.31 1.91 34 3.28 3.53 Ixtaca* Almaden Minerals Ltd. - - - - - - - - - 165 0.46 2.42 Crucero GoldMining Inc. - - - 31 1.01 0.99 36 1.00 1.15 66 1.00 2.14 Eau Claire Fury Gold Mines Limited 2 5.67 0.29 5 5.64 0.87 5 4.13 0.72 12 4.95 1.88 La Mina GoldMining Inc. - - - 34 0.73 0.79 56 0.58 1.05 90 0.64 1.84 Yellowknife GoldMining Inc. 1 2.12 0.08 13 2.35 0.98 9 2.47 0.74 23 2.39 1.80 Bralorne Talisker Resources Ltd. - - - 0 8.85 0.03 8 6.32 1.63 8 6.36 1.67 Taguas Orvana Minerals Corp. - - - 39 0.37 0.47 98 0.30 0.94 138 0.32 1.40 Cabacal Meridian Mining UK Societas 44 0.59 0.83 8 0.28 0.07 0 0.96 0.01 52 0.55 0.91 * Mineral Resource estimate is reported in accordance with S-K 1300 requirements. All other resource estimates are reported in accordance with NI 43-101 requirements. For personal use only
Page 28
28 Gold Equivalent Calculations (Rogozna Project) Gold Equivalent calculations for exploration results withing this presentation are based on the following metal prices; For Gradina, The AuEq grade includes only gold grades. Estimates for this deposit reflect a price and metallurgical recovery for gold of $US2,500/oz and 90%. For Shanac, Medenovac Kotlovi and Red Creek (US$2,250/oz), copper (US$10,000/t), silver (US$25/oz), lead (US$2,200/t), zinc (US$3,000/t), and metallurgical recoveries of 80% for all metals. For Copper Canyon AuEq grade based on metal prices of gold (US$1,750/oz), copper (US$10,000/t), and metallurgical recoveries of 80% for both metals. For Shanac, Medenovac Kotlovi and Red Creek the formula used for the AuEq is Au (g/t) + 1.38 x Cu(%) + 0.011 x Ag (g/t) +0.304 x Pb(%) + 0.413 x Zn(%). For Copper Canyon the formula used for AuEq is Au (g/t) + 1.55 x Cu (%). The Company considers that all metals have reasonable prospects of being recovered and sold. Competent Persons Statement The information in this presentation that relates to Exploration Results and Mineral Resources has been extracted from various STK ASX announcements and are available to view on the STK website at www.stricklandmetals.com.au or through the ASX website at www.asx.com.au (using ticker code “STK”). The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the Mineral Resource Estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. Competent Persons Statement & Gold Equivalent Calculations For personal use only
Page 29
Paul L’Herpiniere, Managing Director info@stricklandmetals.com.au +61 8 6317 9875 For personal use only