Australian mining company Strickland Metals has announced a major breakthrough at its Rogozna gold and base metals project in southern Serbia, reporting the discovery of a “massive” gold deposit at the newly identified Kotlovi prospect.
In a statement released Wednesday, the company revealed that the first follow-up drill hole at Kotlovi delivered a 277.3-meter intercept grading 1.3 grams per tonne (g/t) gold equivalent, starting from a depth of 337.4 meters.
“This first hole of our 2025 campaign at the new Kotlovi Prospect has been exceptional,” said Paul L’Herpiniere, Strickland’s Managing Director. “With several hundred metres of continuous mineralisation, including multiple higher-grade zones, Kotlovi is quickly becoming a key target for substantial resource growth.”
Strickland has eight rigs currently active across the Rogozna project, with additional assay results expected in the coming weeks. The Kotlovi discovery sits just 350 metres west of the 1.28 Moz AuEq Medenovac deposit and joins three other major deposits already identified at Rogozna: the 5.30 Moz AuEq Shanac deposit, the 0.81 Moz AuEq Copper Canyon deposit, and the Gradina deposit—whose maiden resource estimate is expected by year-end.
Covering 184 square kilometers and comprising four exploration licences, the Rogozna project holds an estimated 7.4 million ounces of gold equivalent to date, with potential to become one of the world’s largest undeveloped gold deposits. Strickland acquired full ownership of Rogozna in July 2024 through its $37 million acquisition of Betoota Holdings and its Serbian subsidiary, Zlatna Reka Resources.
To accelerate exploration, Strickland also secured a AU$5 million investment from China’s state-owned Zijin Mining Group in April.
