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Strata Minerals Limited (ASX:SMX)

ALERT: Price-sensitive ASX Announcement for SMX
Current share price for SMX : $0.017 -0.004 (-19.05%)+
Announcement
Release
24 Mar 2026 9:38AM
Price at Release
$0.021
Full Release
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Summary
Strata Minerals Limited has commenced Phase 2 of its drilling program at the Zelica Gold Project in Western Australia. The program aims to extend the depth of known high-grade gold mineralisation and accelerate the creation of a JORC 2012 compliant Mineral Resource Estimate. Recent enhancements include the acquisition of the Zelica South Project, expanding the exploration potential along an 8 km gold-mineralised corridor. The new drilling phase consists of approximately 20 reverse circulation holes covering 2,500 meters, targeting both infill and step-out drilling to uncover further mineralisation. The project benefits from excellent infrastructure, given its proximity to major gold deposits and processing mills.
Key Points
  • Phase 2 drilling program underway at Zelica Gold Project.
  • Drilling consists of approximately 20 holes for 2,500 metres.
  • Targeting depth extensions and gold mineralisation.
  • Recent acquisition of Zelica South extends exploration corridor to over 8 km.
  • Project benefits from excellent infrastructure and access.
  • Proximity to significant gold deposits and processing facilities.
  • Focus on delivering a Maiden JORC 2012 compliant Mineral Resource Estimate.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.