Strata Minerals Raises AU$1.175 Million and Expands Zelica Gold Footprint in Western Australia

Source: Kapitales Research

Highlights

• Strata Minerals Limited (ASX: SMX) has obtained AU$1.175 million in new funding through a share placement to institutional and sophisticated investors.
• The capital raise supports exploration across Strata’s gold portfolio, including drilling preparation at the Zelica Gold Project.
• The company has acquired 100% of the Zelica South Project, expanding the total Zelica landholding by approximately 400%.
• The combined project area now hosts an interpreted gold mineralised corridor of around eight kilometres.
• Zelica South remains largely underexplored, with only limited shallow historical drilling completed.

Capital Raise Strengthens Exploration Capacity

Strata Minerals has successfully raised AU$1.175 million through an equity placement, providing the company with funding to advance exploration activities across its gold assets in Western Australia. The capital will be directed toward exploration planning, field programs, and a maiden drilling campaign at the Zelica Gold Project, while also supporting broader strategic initiatives.

The placement attracted interest from both existing and new investors, reflecting confidence in Strata’s expanding exploration footprint and project pipeline. New shares were issued at a fixed price, with the proceeds enhancing the company’s ability to accelerate work programs in a favourable gold market environment.

Zelica South Acquisition Expands Gold Potential

Alongside the capital raise, Strata has completed the acquisition of the Zelica South Project, which adjoins the existing Zelica Gold Project. This acquisition significantly increases the project area and extends the prospective strike length of gold mineralisation across the broader Zelica corridor.

Zelica South is located within the highly endowed Yundamindra district, positioned between established mining centres and within trucking distance of multiple processing facilities. Historical exploration has identified encouraging gold mineralisation across the area, including high-grade surface samples that remain untested by drilling.

Underexplored Corridor with Compelling Upside

Despite its location within a prolific gold region, Zelica South has seen minimal modern exploration. Historical drilling across the project was shallow and primarily focused on nickel laterite targets rather than gold, leaving substantial portions of the system unexplored at depth.

Review and integration of historical data have identified a continuous mineralised trend extending over several kilometres, reinforcing the scale potential of the combined Zelica project area. Strata is currently prioritising target generation and planning initial fieldwork to assess these zones more systematically.

Positioned for the Next Phase of Growth

The combination of fresh capital and expanded land tenure places Strata Minerals in a strong position to progress its gold exploration strategy. With multiple high-priority targets identified and drilling preparations underway, the company is advancing toward a more active exploration phase aimed at unlocking value across the Zelica project area.

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