STRICKLAND METALS LIMITED (STK)

The suspension of trading in the securities of Strickland Metals Limited will be lifted immediately following the release by STK of an announcement regarding a material acquisition.

The company releases a notice of proposed issue of securities.

Acquisition of 100% of the large-scale Rogozna Project in Serbia, located in the globally significant Tethyan Metallogenic Belt. The Rogozna Project currently contains a JORC compliant Inferred Mineral Resource of 5.44Moz AuEq1 (2.96Moz Au, 214kt Cu and 364kt Zn). Outstanding advanced exploration targets offer substantial resource growth in the near term, with significant intercepts outside of the current resources. Further exploration upside includes clear resource expansion opportunities with numerous highquality targets yet to be drilled, including very strong potential for significant Cu-Au porphyry mineralisation. Substantial resource and exploration drilling to immediately commence on transaction completion, with 60,000m diamond drilling campaign to be undertaken through to late 2025. Total acquisition cost of approximately $37m, to be completed primarily via the issue of STK shares issued with an 18-month escrow period. The acquisition represents an excellent complement for Strickland's Yandal Gold Project, at which drilling has just recommenced; drilling plans for 2024 at Yandal remain unchanged. Strickland remains extremely well-funded to advance exploration at both the Yandal and Rogozna Projects, with cash and Northern Star Resources Ltd (ASX:NST) shares totalling approximately $54m at the end of the December quarter.

The securities of Strickland Metals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of STK, pending the release of an announcement regarding a material acquisition.

The suspension of trading in the securities of Strickland Metals Limited will be lifted immediately, following the release by STK of an announcement regarding a capital raising and asset acquisition.

The company releases a Rights Issue Offer Booklet.

The company releases a notice of Proposed issue of securities - STK.

The company releases a cleansing notice in relation to its non-renounceable pro-rata entitlement offer.

Firm commitments received for a conditional placement to raise $8 million (before costs). A one (1) for seven (7) fully underwritten non-renounceable pro-rata entitlement offer to raise approximately $4.20 million. Placement well supported by CEO and Directors. Funds to be used to acquire the Millrose Gold Project (announced 23 June 2021), continued exploration at the Company's existing exploration and newly acquired WA projects, as well as for working capital purposes and costs. Pro-rata offer fully underwritten by Enrizen Capital Pty Limited.

Transformational acquisition of the Millrose Gold project (346,000 ozs Au1). Strickland's total resource base increases to 603,000 ozs Au on the Yandal Belt. Acquisition completes consolidation of the north-eastern flank of the Yandal Belt. Acquisition to be funded by $12million Capital Raising.

The securities of Strickland Metals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of STK, pending the release of an announcement regarding a material acquisition by the Company of a natural resources project and a capital raising.

The suspension of trading in the securities of Strickland Metals Limited will be lifted from the ommencement of trading on Monday, 12 April 2021, following the release by STK of an announcement regarding a capital raising.

The company releases a notice of Proposed issue of Securities - STK.

The company releases a rights issue offer document.

The company releases a cleansing notice in relation to the non-renounceable, pro rata entitlement offer to shareholders with a registered address in Australia or New Zealand of 2 new shares for every 3 shares held at 7.00 p.m. (AEST) on 16 April 2021 at a price of $0.018 per new share.

A two (2) for three (3) non-renounceable pro-rata entitlement offer to raise approximately $5.05 million. Funds to be used to fund continued exploration at the Company's existing exploration projects and potential project acquisitions, as well as for working capital purposes and Offer costs. Offer fully underwritten by Enrizen Capital Pty Limited.

The securities of Strickland Metals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of STK, pending the release of an announcement in relation to a capital raising.

name changed from Alloy Resources Limited