Site Visit Report
We recently travelled to Serbia to visit Strickland’s recently acquired, 100%-owned Rogozna project. You can watch a short video showing highlights from our visit, produced by the company. We came away from our site visit impressed with the scale and geological upside potential of the project. With four rigs currently conducting ~60,000m of drilling, we believe that the JORC resource of 5.4M oz AuEq at Rogozna could grow substantially from optimizing the current resource, extending known mineralization along with the potential discovery of new deposits. We also gained an appreciation for Serbia as an attractive jurisdiction in which to build and operate a mine given its stability, favourable tax and royalty schemes for resource companies, straightforward permitting process, in-country expertise with geology and mining, and vast geological potential. In our view, this is a story that warrants attention from investors given the very positive results already returned from ongoing drilling and significant news flow expected over the coming year – particularly as gold has surpassed US$2,500/oz.
