Strickland Metals (STK) H1 2026 earnings summary

Executive summary

• Net gain after income tax for the half-year was $3.76 million, reversing a $2.99 million loss in the prior year period.

• Major operational focus was on the Rogozna Project in Serbia, with significant exploration and resource growth.

• Sale of the Yandal Project and Bryah Basin Project completed, with proceeds distributed to shareholders and a retained royalty.

• Strengthened ESG initiatives and leadership appointments, including a new Investor Relations and Business Development Manager.

Financial highlights

• Cash and cash equivalents at period end were $15.41 million, down from $24.42 million at June 2025.

• Capitalised mineral exploration and evaluation expenditure increased to $69.55 million from $58.09 million.

• Total comprehensive income for the period was $9.16 million, compared to $1.14 million in the prior year.

• Share-based payments expense rose to $2.08 million from $1.25 million year-over-year.

• In-specie distribution of Gateway Mining shares valued at $33.6 million to shareholders.

Outlook and guidance

• Planned 70,000m diamond drilling at Rogozna in 2026, focusing on resource growth and new discoveries.

• Internal scoping study targeted for H1 2026 and pre-feasibility study for mid-2027.

• Updated resource estimates for Shanac, Gradina, and Copper Canyon expected in late 2026.