Strata Minerals Limited (ASX:SMX)

Strata Minerals Limited, trading as SMX on ASX, provided a quarterly update for the period ending 31 December 2025, focusing on their gold exploration activities in Western Australia. The company successfully raised $1.1 million to fund exploration activities, including maiden drilling at the Zelica Gold Project and expansion into the Zelica South Project. The Zelica Gold Project, located in Western Australia's Eastern Goldfields, saw Strata exercise its option to acquire the project, which hosts significant oxide gold mineralization. The project includes historical high-grade intercepts and further exploration is planned to validate and expand known mineralization. Strata also acquired the adjoining Zelica South Project, significantly increasing their exploration footprint. The company maintains a cash position of $1.4 million with no debt and has planned further drilling and data analysis activities to advance their projects. Quarterly financial highlights include net cash outflows from operations of $885,000 and continued assessments for raising further funds if necessary.