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Growing Rogozna Into A Tier One Gold Project North American Conference Presentation September 2026 ASX Code: STK
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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
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3 Strickland Metals – A Rare Opportunity 1. Refer to Appendix 1 for further details. Source: S&P Global *Refer to Appendix 2,3,4 and 5 for further source details regarding peer comparisons. Market capitalisation as of 18 Sept 2026. Based on 0.70 AUD:USD. Rogozna Project JORC Resources of 9.25Moz AuEq1 : One of the largest undeveloped resource bases amongst global gold explorers and growing. Zijin Mining - Strategic Investor: World’s 3rd largest mining company and largest company operating in Serbia – validates Rogozna as Tier One asset. Visible Low-Cost Growth Runway: Clear opportunities for high value resource growth within multi-deposit system and significant potential from new discoveries. Fully Funded Studies and Exploration: Strong balance sheet with ~A$58.6m in cash to fund Pre- Feasibility Studies and exploration work programs. 0.0 2.0 4.0 6.0 8.0 10.0 12.0 - 100 200 300 400 Contained Metal (AuEq Moz)* Market Capitalisation (US$ million) ASX/TSX Listed Gold Development Projects* TSX ASX STK Rogozna Project
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4 Capital Structure (as of 18 September 2026 unless otherwise stated) Shares on issue 2,641.7 million Performance rights1 79.2 million Options (12.01c) 50 million Share Price A$0.068 Market Capitalisation (Undiluted) A$163M (US$125M) Cash A$58.6M (US$41.0M)2 Listed shares A$23.7M (US$15.4M) Top 20 61.3% Board and Management 3.4% Significant Shareholders 1. Vesting condition relating to 6,000,000 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. As at 30 June 2026. Based on 0.70 AUD:USD. 3. Shares via holding entity ISIHC Ltd. Corporate Summary Share Ownership ARA V Fund3 8.3% Ibaera Capital Fund 13 8.3% Zijin Mining 7.4% Jupiter Asset Management 2.8% Institutional 40% Board & Mgmt 3%HNW 18% Retail 39% Institutional support from global gold investors
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5 Experienced Team Positioned for Next Stage of Growth Anthony McClure Non-Executive Chair Anthony is a mining executive with over 30 years technical, management and financial experience. Former director of Silver Mines and Bolnisi Gold. Paul L’Herpinere Managing Director Former Fortescue Head of Exploration and extensive global project generation experience. A founding partner of Ibaera Capital, a resource-focused private equity firm. Dr Jon Hronsky, OAM Non-Executive Director Jon brings over 40 years of extensive exploration experience in gold, copper and nickel. Former Global Manager of Strategy and Generative Sciences at BHP. Trent Franklin Non-Executive Director Trent is MD of Enrizen Financial Group and has served on the board of a number of ASX listed explorers. Jo-Anne Dudley Non-Executive Director Jo-Anne is a mining engineer with over 30 years of international operational, technical and corporate mining experience. Sleiman Majdoub Company Secretary A solicitor with significant experience in advising ASX listed mining exploration companies with reporting and compliance requirements. Anđelija Vujović Country Director Serbian National with 20 years experience in public relations, marketing and consulting. Held senior role with Adriatic Metals Serbia. Ben Pearson Environment and Permitting Manager Extensive experience in environmental management and impact assessments for mining projects globally. Sandra Bates Non-Executive Director Sandra is an international lawyer and ESG specialist with extensive Board experience. Significant Balkans exposure through prior role with Adriatic Metals. Predrag Matovic Stakeholder Engagement Manager Mr Matovic with more than 20 years’ experience in exploration and project management globally, including over 5 years at Rogozna.
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6 Rogozna Sustainability Zlatna Reka Resources - Strickland Metals’ 100%-owned Serbian subsidiary 60 permanent employees • 60% from local communities. • 31% Female = >50% increase. • 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. Focus – Continual improvement of stakeholder engagement and environmental management, complete baseline studies for PFS.
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7 Highly Prospective Western Tethyan Belt Extensive magmatic system hosting multiple giant porphyry-related deposits. Major miners active in-country Zijin, BHP and DPM. Established Infrastructure Access to extensive infrastructure network and local workforce. Mining in Serbia 2.7% of GDP , strategy to increase contribution over the next decade. Europe’s 2nd largest copper producer with ~296kt of copper produced in 2025. Rogozna – In the Land of Giants
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8 A massive magmatic mineral system 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 multiple targets defined by >160km of drilling. 217Mt @ 1.33g/t AuEq for 9.25Moz AuEq JORC Resources1 for the four drill-defined deposits. Significant opportunity for further low-cost resource growth. 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 20 2.8 2.8 - - - - 1.80 Medenovac 21 1.9 0.77 0.27 6.30 0.11 1.54 1.28 Shanac 160 1.0 0.60 0.11 6.31 0.23 0.34 5.35 Copper Canyon 16 1.6 1.3 0.45 - - - 0.82 Total1 217 1.33 0.87 0.14 5.26 0.18 0.40 9.25
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9 20Mt @ 2.8g/t Au for 1.80Moz Au JORC 2012 Inferred Resources1 (US$2,500/oz gold price, >1.5g/t Au cut-off) • MRE is tightly constrained on optimised underground resource shapes with reasonable prospects of being mined. • High gold recoveries of >90% achieved through standard bulk flotation processes.2 • Mineralisation open along strike and at depth with significant opportunities to grow resource base with further drilling. • Focus – Grow resources at Gradina North, infill drilling to convert to Indicated Resources for PFS studies. Gradina Long Section Gradina Deposit – 1.8Moz 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, 28 July 2025 and 15 June 2026. Gradina Optimised Resource Shapes
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10 1. Refer to Appendix 1 for further details. 16Mt @ 1.6g/t AuEq for 0.82Moz Au Eq JORC 2012 Inferred Resources1 • Including 650koz @ 1.3g/t Au and 72kt @ 0.45% Cu (US$3,000/oz gold price, US$12,000/t Cu price, NSR US$76/t cut-off). • MRE is economically constrained by optimised underground resource shapes. • Deposit access could leverage planned Gradina development, indicating significant synergies • Focus – Infill drilling to convert to Indicated Resources. Copper Canyon Au-Cu Deposit – 0.82Moz AuEq Copper Canyon cross section Copper Canyon long section Copper Canyon to Gradina cross section
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11 Shanac plan view map 1. Refer to Appendix 1 for further details. Shanac Deposit – 5.35Moz AuEq 160Mt @ 1.04g/t AuEq for 5.35Moz AuEq JORC 2012 Resources1 (@ US$3,000/oz, >0.6g/t AuEq cut-off grade) • Higher grade central core: 33Mt @ 1.6g/t AuEq for 1.74Moz AuEq (>1.2g/t AuEq cut-off grade). • Mineralisation open to NW and opportunity to extend high grade zone. • Focus – Increase Indicated Resources through infill of western side of central domain. Shanac cross section view, looking north Shanac long section view, looking west 1. Refer to Appendix 1 for further details.
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12 Red Creek – High Grade Gold + Base Metals Discovery Significant potential with limited drilling ~1.5km along strike (to Copper Canyon) and 1km laterally (Shanac) 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. Red Creek to Shanac Cross Section view looking north, 80m view width. Red Creek, Shanac, Copper Canyon and Gradina Plan View Map. 1. Refer to ASX announcement 3 February 2026.
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13 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 with Kotlovi discovery 350m west 21Mt @ 1.9g/t AuEq for 1.28Moz AuEq JORC 2012 Inferred Resources1 . • 6,800 AuEq OPVM over 150m vertical extent. • 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 with growing mineralisation footprint3: • 277.3m @ 1.3g/t AuEq from 337.4m (ZRSD25189), incl. • 33.5m @ 2.9g/t Au from 339.4m. • 34.9m @ 2.2g/t Au from 324.2m (ZRSD25206). Medenovac to Kotlovi cross section view looking north4
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14 Extensive skarn system with significant potential for new discoveries • Multiple untested porphyry/skarn targets. • Strong historical correlation between coincident geophysical and geochemical anomalies and new mineral discoveries. Porphyry-related alteration and mineralisation confirmed at Jezerska1: • 493.0m @ 0.1g/t Au from 223.6m (ZRJD24002). Mineralisation-related structural framework developed in late CY25. Exploration Upside – An Extensive Portfolio of Targets 1. Refer to ASX announcement 4 March 2025.
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15 Coincident geophysical and geochemical anomalies highlight significant exploration potential • Untested potential at priority targets Obradov and Jezerska. • New target identified at Jezerska North. MT Survey Generates High Priority Targets 1. Refer to ASX announcement 16 Sept 2026. Cross-section of Rogozna looking NNW showing MT conductivity, IP chargeability anomalies1 Plan view of Rogozna showing MT conductivity, IP chargeability anomalies1
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16 Strickland Metals - Primed for Growth Significant scale 9.25Moz AuEq1 Rogozna Project in an established mining district in Serbia. Clear focus and exceptional leverage to unlocking value accretive low-cost resource growth and new discoveries in the current gold price environment. Board and Management team evolution strengthens technical, project development, ESG and corporate governance experience. Study workstreams advancing, drill program planned to support PFS and strong cash position (A$58.6m) to execute on strategy. 1. Refer to Appendix 1 for further details regarding Rogozna JORC 2012 Mineral Resource Estimate 2. Refer to Appendix 2,3 and 6 for further source details regarding peer comparisons. Inferred 8.00Moz AuEq Indicated 1.25Moz AuEq0.0 2.0 4.0 6.0 8.0 10.0 12.0 Dec-22 Dec-23 Dec-24 Dec-25 Jul-26 JORC Resource Contained Metal (AuEq Moz) Rogozna Resource Growth1 Gradina Medenovac Copper Canyon Shanac 9.25Moz 0.0 2.0 4.0 6.0 8.0 10.0 12.0 0 50 100 150 200 250 300 350 BEZ STM STK NVA GGC CEL GPR TSO PGL HRN AZY BGD SMI TCG AUC MI6 Mineral Resource (Moz AuEq) EV/Resource (A$/oz) Australia / Africa Projects Strickland A$13/oz EV/Resource Peer Comparison2 Avg A$161/oz
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Paul L’Herpiniere, Managing Director info@stricklandmetals.com.au +61 8 6256 8200
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18 Mineral Resource & Supporting Information
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19 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) Shanac (April 2026)B Indicated 30 1.30 0.83 0.13 7.20 0.29 0.36 1.25 0.80 39 6.9 87 108 Inferred 130 0.98 0.55 0.11 6.10 0.21 0.34 4.10 2.30 2.30 143 25.5 442 Sub-total 160 1.0 0.60 0.11 6.31 0.23 0.34 5.35 3.10 182 32.4 360 550 Gradina (May 2026)C Inferred 20 2.8 2.8 - - - - 1.8 1.8 - - - - Sub-total 20 2.8 2.8 - - - - 1.8 1.8 - - - - Medenovac (February 2025)D Inferred 21 1.9 0.77 0.27 6.3 0.11 1.54 1.28 0.52 57 4.3 23 320 Sub-total 21 1.9 0.77 0.27 6.3 0.11 1.54 1.28 0.52 57 4.3 23 320 Copper Canyon (July 2026)E Inferred 16 1.6 1.3 0.45 - - - 0.82 0.65 72 - - - Sub-total 16 1.6 1.3 0.45 - - - 0.82 0.65 72 - - - Project Total Indicated 30 1.30 0.83 0.13 7.20 0.29 0.36 1.25 0.80 39 6.9 87 108 Inferred 187 1.35 0.88 0.14 4.95 0.16 0.41 8.00 5.27 272 29.8 296 762 TotalA 217 1.33 0.87 0.14 5.26 0.18 0.40 9.25 6.07 311 36.7 383 870 Appendix 1: Rogozna Mineral Resource Estimates
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20 Rogozna Mineral Resource Estimates Table Notes: A. Rounding errors are apparent in the summation of total resources. B. Shanac (April 2026) AuEq grade is based on metal prices of gold (US$3,000/oz), copper (US$12,000/t), silver (US$70/oz), lead (US$1,800) 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 give the following formula: Au Equivalent (g/t) = Au (g/t) + 1.24 x Cu(%) + 0.0233 x Ag (g/t) +0.187 x Pb(%) + 0.311 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 0.60g/t AuEq cut-off has been used for the Shanac Mineral Resource Estimate in this table. C. Gradina (May 2026) 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. D. Medenovac (February 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. E. For Copper Canyon (July 2026) AuEq grade based on metal prices of gold (US$3,000/oz), copper (US$12,000/t), and metallurgical recoveries within the copper-gold circuit of 92% copper and 70% gold (defined by a 0.1% Cu threshold) and recoveries within the gold-only circuit of 90% gold and 0% copper. These estimates are based on Strickland’s assumed potential commodity prices and recovery results from initial and ongoing metallurgical test work and give the following formula for Copper Canyon: AuEq (g/t) = (0.7*Au g/t) + (1.1446*Cu %) for blocks above 0.1 Cu %, AuEq = Au g/t in blocks below 0.1 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 NSR cut-off of US$76/t has been used for the Copper Canyon Resource Estimate. Please refer to the Company’s ASX announcements dated: • 15 July 2026 titled: “Upgraded Copper Canyon Resource” for details regarding the Copper Canyon Mineral Resource Estimate; • 26 May 2026 titled: “50% Increased in Gradina Resource to 1.8Moz @ 2.8g/t Au” for details regarding the Shanac Mineral Resource Estimate; • 15 April 2026 titled: “1.25Moz AuEq Maiden Indicated Resource for Shanac” for details regarding the Shanac Mineral Resource Estimate; • 10 December 2025 titled: “1.2Moz @3.0g/t Gold in Maiden Gradina Mineral Resource Estimate” for details regarding the Gradina Mineral Resource Estimate; and • 19 February 2025 titled: “Rogozna Resource Increases by 23% to 6.69Moz AuEq” for details regarding the Medenovac Mineral Resource Estimate. Appendix 1: Rogozna Mineral Resource Estimates (Continued)
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21 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 Rogozna Strickland Metals ASX:STK PFS In Progress 217 0.87 0.14 0.18 0.40 5.26 1.33 9.3 Upgraded Copper Canyon Resource, 15 July 2026 Estelle Nova Minerals ASX:NVA PFS/Scoping Complete 937 0.30 0.00 0.00 0.00 0.00 0.30 8.4 2025 Annual Report. Estelle Mineral Resource represents NVA 85% share. 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) Afema Turaco Gold ASX:TCG PFS Complete 117 1.30 0.00 0.00 0.00 0.00 1.30 4.7 Afema PFS Demonstrates Compelling Economics at plus 200kozpa, 17 June 2026 Dynasty Titan Minerals ASX:TTM DFS in Progress 66 1.85 0.00 0.00 0.00 12.38 2.14 4.5 Investor Presentation, 26 August 2026 Bramaderos Sunstone Metals ASX:STM Scoping Study Complete 220 0.33 0.10 0.00 0.00 1.16 0.48 3.4 Resource jumps 33% to 3.6Moz AuEq, 24 November 2025 Sturec Global Gold Mining ASX:GGC PFS In Progress 68 1.22 0.00 0.00 0.00 10.11 1.46 3.2 Investor Presentation, 16 April 2026 Minyari Dome Antipa Minerals ASX:AZY PFS In Progress 51 1.54 0.17 0.00 0.00 0.44 1.77 2.9 Minyari Project resource grows to 3.6moz gold equivalent, 2 Apr 2026 Apollo Hill Saturn Metals ASX:STN DFS In Progress 174 0.51 0.00 0.00 0.00 0.00 0.51 2.8 Apollo Hill Gold Resource jumps by 590,000 ounces to 2.83moz, 3 June 2026 Pickle Crow Bellavista Resources ASX:BVR Exploration 12 7.20 0.00 0.00 0.00 0.00 7.20 2.8 Diggers and Dealers Presentation, 5 August 2026 Hualilan Challenger Gold ASX:CEL PFS Complete 132 0.60 0.00 0.00 0.22 3.26 0.64 2.7 Pre-Feasibility Study Summary Report, 18 May 2026 Bendigo-Ophir Santana Minerals ASX:SMI PFS Complete 34 2.09 0.00 0.00 0.00 0.00 2.09 2.3 Quarterly activities & cashflow report, 29 July 2026 Gum Creek Horizon Gold ASX:HRN DFS Complete 38 1.89 0.00 0.00 0.00 0.00 1.89 2.3 Gum Creek DFS Confirms Path to WA's Next Major Gold Mine, 22 July 2026 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 Oct 2025 Mt York Pilbara Gold ASX: PGL PFS In Progress 62 1.05 0.00 0.00 0.00 0.00 1.05 2.1 Quarterly activities & cashflow report, 20 July 2026 Woodlark Island Geopacific Resources ASX:GPR DFS Complete 70 0.88 0.00 0.00 0.00 0.00 0.88 2.0 DFS Confirms Robust Economics for the Woodlark Gold Project, 20 May 2026 El Zorro Tesoro Gold ASX:TSO DFS In Progress 52 1.10 0.00 0.00 0.00 0.00 1.10 1.8 Maiden 1.28Moz Ore Reserve at Ternera, 18 Sept 2026 Mandilla Astral Resources ASX:AAR DFS In Progress 54 1.00 0.00 0.00 0.00 0.00 1.00 1.7 Mineral Resource Increased to 2.07 Million Ounces, 20 April 2026 Tunkillia Barton Gold Holdings ASX: BGD DFS In Progress 63 0.80 0.00 0.00 0.00 2.80 0.83 1.7 Tunkilla JORC resources grow to 1.6moz gold, 3.1moz silver, March 2025
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22 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) Rogozna Strickland Metals 30 0.83 0.80 187 0.88 5.27 217 0.87 6.07 Estelle Nova Minerals 1 4.10 0.15 275 0.30 2.76 660 0.30 5.49 937 0.30 8.41 El Guayabo Challenger Gold 28 0.35 0.32 403 0.37 4.78 431 0.37 5.13 Afema Turaco Gold 72 1.20 2.85 45 1.30 1.81 117 1.30 4.65 Dynasty Titan Minerals 17 2.18 1.21 48 1.73 2.68 66 1.85 3.90 Bramaderos Sunstone Metals 40 0.38 0.49 190 0.32 1.95 220 0.33 2.33 Sturec Global Gold Mining 25 1.46 1.16 12 1.15 0.45 31 1.07 1.08 68 1.22 2.68 Minyari Antipa Minerals 42 1.61 2.20 9 1.25 0.38 51 1.54 2.54 Apollo Hill Saturn Metals 5 0.55 0.09 129 0.51 2.10 40 0.50 0.64 174 0.51 2.83 Pickle Crow Bellavista Resources 12 7.20 2.75 12 7.20 2.75 Hualilan Challenger Gold 48 1.05 1.64 12 1.32 0.53 132 0.60 2.55 Bendigo-Ophir Santana Minerals 22 2.30 1.60 13 1.80 0.73 34 2.09 2.34 Gum Creek Horizon Gold 27 1.90 1.63 11 1.86 0.67 38 1.89 2.30 Bau Besra Gold Inc. 4 1.68 0.21 9 1.67 0.47 51 1.24 1.61 53 1.34 2.28 Mt York Pilbara Gold 42 1.02 1.38 20 1.11 0.70 62 1.05 2.08 Woodlark Island Geopacific Resources 2 3.00 0.22 60 0.80 1.53 8 0.86 0.23 70 0.88 1.98 El Zorro Tesoro Gold 32 1.10 1.12 20 1.11 0.69 52 1.10 1.82 Mandilla Astral Resources 1 1.30 0.06 33 1.00 1.09 20 0.90 0.59 54 1.00 1.74 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.
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23 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 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 * 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.
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24 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 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 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.
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25 Appendix 6: Peer ASX Listed Comparison Data JORC 2012 Total Mineral Resources Company Exchange Ordinary Fully Paid Shares on Issue (M) Share Price (A$/ah) Market Cap (A$M) Net Debt (A$M) Enterprise Value (A$M)* Tonnes (Mt) Grade (g/t AuEq) Mineral Resource (Moz AuEq) EV/Resource AuEq Source Besra Gold Inc. ASX:BEZ 393.5 0.070 27.5 -9.2 18.3 53 1.34 2.29 8.0 Quarterly Activities and Cash Flow Report, 31 July 2026 Sunstone Metals ASX:STM 284.0 0.190 54.0 -1.7 52.3 284 0.52 4.80 12.0 Quarterly Activities and Cash Flow Report, 29 July 2026 Strickland Metals ASX:STK 2641.7 0.068 179.6 -58.6 121.0 229 1.30 9.24 13.1 Quarterly Activities Report, 31 July 2026 Nova Minerals ASX:NVA 219.7 0.725 159.3 -40.9 118.4 937 0.30 8.42 14.1 Quarterly Activities and Cash Flow Report, 29 April 2026 Global Gold Mining ASX:GGC 277.6 0.265 73.6 -7.7 65.9 68 1.46 3.20 20.6 Quarterly Activities and Cash Flow Report, 30 July 2026 Challenger Gold ASX:CEL 171.1 2.050 350.8 0.6 351.4 563 0.54 9.60 36.6 Quarterly Cashflow Report, 31 July 2026 Geopacific Resources ASX:GPR 3227.3 0.033 106.5 -7.5 99.0 70 0.88 1.98 50.1 Quarterly Activities and Cash Flow Report, 29 July 2026 Tesoro ASX:TSO 179.7 0.885 159.1 -15.3 143.8 52 1.10 1.82 79.2 Quarterly Cashflow Report, 31 July 2026 Pilbara Gold ASX:PGL 234.0 0.575 134.6 -27.6 107.0 62 1.05 2.10 50.9 Quarterly Activities and Cash Flow Report, 30 July 2026 Horizon Gold ASX:HRZ 195.2 1.070 208.9 -24.0 184.8 38 1.89 2.30 80.4 Quarterly Activities and Cash Flow Report, 30 July 2026 Antipa Minerals ASX:AZY 669.0 0.580 388.0 -39.1 348.9 68 1.51 3.31 106.2 Quarterly Activities and Cash Flow Report, 29 July 2026 Barton Gold Holdings ASX:BGD 271.0 1.100 298.1 -31.9 266.2 40 0.88 2.27 115.5 Quarterly Cashflow Report, 28 July 2026 Santana Minerals ASX:SMI 985.8 0.555 547.1 -188.3 358.8 34 2.10 2.34 153.5 Quarterly Activities and Cashflow Reports, 29 July 2026 Turaco Gold ASX:TCG 1080.5 0.875 945.4 -51.0 894.4 115 1.30 4.65 192.3 Quarterly Activities and Cash Flow Report, 30 July 2026 Ausgold ASX:AUC 549.8 1.400 769.8 -87.4 682.4 69 1.11 2.44 279.7 Quarterly Activities and Cash Flow Report, 13 July 2026 Minerals 260 ASX: MI6 2271.9 0.940 2135.6 -211.0 1924.6 190 1.00 6.20 310.4 Quarterly Activities and Cashflow Report, 30 July 2026 * Market capitalisation as at 18 September 2026. Net Debt as of 30 June 2026 unless otherwise stated.
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26 Gold Equivalent Calculations (Rogozna Project) Gold Equivalent calculations for exploration results within 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, US$3,000/oz), copper (US$12,000/t), silver (US$70/oz), lead (US$1,800/t), zinc (US$3,000/t), and metallurgical recoveries of 80% for all metals. For 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$3,000/oz), copper (US$12,000/t), and metallurgical recoveries within the copper-gold circuit of 92% copper and 70% gold (defined by a 0.1% Cu threshold) and recoveries within the gold-only circuit of 90% gold and 0% copper. For Shanac the formula used for AuEq is Au (g/t) + 1.24 x Cu(%) + 0.0233 x Ag (g/t) +0.187 x Pb(%) + 0.311 x Zn(%). For 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 (0.7*Au g/t) + (1.1446*Cu %) for blocks above 0.1 Cu % and AuEq = Au g/t in blocks below 0.1 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 has provided cross-references to Exploration Results throughout the presentation. 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