Kotlovi makes up just one cog in the wheel of the company’s huge Rogozna gold and base metal project. Seven rigs are currently humming away across the wider project area as part of a 50,000-metre budgeted programme of diamond drilling for 2025. Assay results for the recently completed holes are expected to be released in coming weeks.
The Rogozna project lies in the heart of Serbia’s Trepca mineral district, one of Europe’s largest base metal mining centres. Access to the project area, which lies 400 kilometres south of Belgrade, is made easier by the many highways and well-maintained roads in the region.
Serbia is Europe’s second largest copper producer and is a well-regulated, established mining jurisdiction with a modern mining code. Last year, the country signed a deal with the European Union to create a strategic partnership for the supply of critical minerals used in batteries and electric vehicles.
Several other major global mining companies also have significant gold and base metal projects in country, including BHP, Rio Tinto, Vale, Zijin Mining, Kinross Gold and Dundee Precious Metals. Serbia has a highly skilled workforce and excellent infrastructure, as well as a highly favourable fiscal regime.
Acquired for $37 million in 2024, Rogozna benefits from Serbia’s 15 per cent tax rate and mining-friendly policies.
Strickland’s Rogozna project has the potential to become one of the largest undeveloped gold and base metal deposits in the world. No doubt multiple discovery opportunities and resource upgrades from its Shanac and Gradina prospects will likely keep the company extremely busy. However, the exciting possibility of merging Medenovac with Kotlovi as one large deposit is now likely to become a key focus in its resource development plans for 2026.
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