Strickland Metals Completes $5 million Strategic Placement with Global Giant Zijin Mining

Highlights:

• Strickland Metals (ASX: STK) raises A$5 million via private placement to Zijin Mining.
• Zijin Mining acquires a 2.4% stake in Strickland at A$0.091 per share.
• Zijin, one of the world’s largest miners, boosts Strickland’s growth potential with its global expertise.

Capital Injection Strengthens Growth Prospects

Strickland Metals Limited (ASX: STK) has successfully completed its A$5 million strategic placement with Zijin Mining Group Co., Ltd., marking a significant milestone in the company’s development. At the time of writing, Zijin now holds an approximate 2.4% stake in Strickland through the issue of 54,945,055 fully-paid ordinary shares priced at A$0.091 each—equal to the stock’s last traded price before the placement on 15 April 2025. The transaction was executed under ASX Listing Rule 7.1 without a broker’s assistance.

Strengthening Global Partnerships

The completion of this deal not only injects fresh capital into Strickland Metals but also aligns the company with one of the mining industry's biggest players. Zijin Mining, headquartered in China, ranks as the fourth-largest mining group in the world by market capitalisation and is listed on both the Hong Kong Stock Exchange (SEHK: 2899) and Shanghai Stock Exchange (SSE: 601899). Its market cap sits around US$60 billion.

Zijin’s Expanding Global Footprint

Zijin operates major mining projects across the globe, including Serbia’s Čukaru Peki and Bor Copper and Gold Mines. Together, these assets boast resources of 34 million tonnes of copper and 29 million ounces of gold. In 2024 alone, Zijin’s Serbian operations produced 300,000 tonnes of copper and 250,000 ounces of gold, with further expansions underway.

For Strickland Metals, this partnership brings not just funding but a strategic alliance with a global powerhouse, enhancing its credibility and future growth trajectory in the resource sector.

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