09/04/2026
Alicanto Minerals Ltd (ASX: AQI) is pleased to announce that it has secured a non-dilutive funding package from Stria Lithium Inc. (TSX-V: SRA) totalling A$18.1 million to support its strategy to advance and grow the 915,000oz Resource at the Mt Henry Gold Project. The funding package comprises:
•An upfront cash payment of A$5 million from Stria in return for a 1% NSR royalty over the Mt Henry Gold Project;
•4,000,000 Stria shares, valued at A$3.1 million1; and
•The potential for a further A$10 million cash investment from Stria upon Alicanto reporting a Mineral Resource Estimate of at least 2.0Moz at ≥0.8g/t Au in accordance with the JORC Code, increasing the royalty to a 2% NSR.
Following completion, Alicanto is expected to hold ~A$20 million in cash and A$3.1 million in listed equity securities.
Alicanto is also pleased to confirm that diamond drilling is underway at the Mt Henry Gold Project, with two diamond rigs operating across Mt Henry and Selene as activity ramps up to test and expand the scale of the system.
Drilling is progressing as planned, with early observations consistent with the Company’s geological model and reinforcing confidence in the growth potential of the system.
Mineralisation remains open along strike and at depth across the system. Historical drilling across the deposits averages less than ~100 metres in depth, highlighting the opportunity for resource growth through systematic deeper drilling.
Read the full announcement here: https://lnkd.in/g8e35rbj
