Strickland Metals (ASX:STK), Yandal Resources (ASX:YRL) and Koonenberry Gold (ASX:KNB): Why Did Three Gold Explorers Touch 52-Week Lows?

Sonal Goyal

26 October 2026 09:37 PM AEDT

Strickland Metals (ASX:STK), Yandal Resources (ASX:YRL) and Koonenberry Gold (ASX:KNB): Why Did Three Gold Explorers Touch 52-Week Lows?

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Key Highlights

Strickland Metals (ASX:STK), Yandal Resources (ASX:YRL) and Koonenberry Gold (ASX:KNB) each touched a 52-week low during the 26 October 2026 session.
Yandal reported 56.6m at 1.1 g/t gold from 398.5m at Arrakis, and Koonenberry started a roughly 450m hole at Wilga Flats.
Strickland reported cash and liquids of $72 million at 30 June 2026 and responded to an ASX price query on 26 October.

Three ASX-listed gold explorers touched 52-week lows during the Trading session on 26 October 2026. Strickland Metals Limited (ASX:STK) traded at $0.038, down 29.63%. Yandal Resources Ltd (ASX:YRL) traded at $0.08, down 11.11%. Koonenberry Gold Limited (ASX:KNB) traded at $0.015, down 11.77%. Strickland is a Perth-based explorer focused on the Rogozna Project in Serbia, Yandal explores the Ironstone Well-Barwidgee Gold Project in Western Australia's Yandal Greenstone Belt, and Koonenberry explores the Wilga Flats Project in New South Wales.

Strickland Metals: Price Query Response and Rogozna Update

Strickland lodged a reply on 26 October 2026 to an ASX price query that referred to a move from $0.054 on 23 October to a low of $0.036, together with a significant increase in volume. The company said it is not aware of unannounced information and that trading may be attributable to Serbia's parliamentary elections on 25 October, where the opposition Student List emerged victorious on preliminary results.

In an exploration update dated 16 September 2026, Strickland reported that a magnetotelluric survey identified a large low-resistivity, high-chargeability anomaly beneath the Obradov Prospect, plus a new target at Jezerska North. The project carries a quoted resource of about 9.25 million ounces of gold equivalent, and the company plans to test Obradov in the coming months.

The September update also recorded that drilling at Obradov in late 2025 encountered several zones of carbonate replacement style mineralisation, described as indicative of the distal parts of a porphyry or skarn system. The new conductivity anomaly overlaps a large gravity anomaly and shallow induced polarisation anomalies, and a conductivity feature extends 900 metres east of the Jezerska porphyry system.

Yandal Resources: Deep Arrakis Intercepts

On 19 October 2026 Yandal reported results from the first two holes of a seven-hole, 3,300 metre diamond program at Arrakis. Hole 26IWBDD0017 returned 56.6 metres at 1.1 grams per tonne gold from 398.5 metres, including 29.8 metres at 1.4 grams per tonne, and 20.5 metres at 1.0 grams per tonne from 434.7 metres. Hole 26IWBDD0016 returned 16.7 metres at 1.0 grams per tonne from 373.3 metres.

Six holes have been drilled. Results from holes 0018 to 0020 are expected in early November, when the program is due to finish. The release also covered shallow oxide gold results at Siona and results from Flushing Meadows.

Estimated true widths of 32 metres and 12 metres are given for the two reported holes because drilling intersects the structure at an angle. The company said 26IWBDD0017 extends high-grade Domain A by another 100 metres down-dip, and that completed holes 0019 and 0020 are intended to help define the down-plunge position of high-grade Domain C.

Koonenberry Gold: Expanded Wilga Flats Program

Koonenberry's 20 October 2026 announcement reported that three holes for 744 metres were completed at the Olaf's epithermal gold target, with alteration styles and rare porphyry-style veinlets noted. A hole of about 450 metres is under way at a blind porphyry target defined by a magnetic high of about 400 by 500 metres, and two further holes of about 500 metres will test a copper-gold target defined by soil anomalies and rock chips of up to 1.37% copper.

The first three holes are at the laboratory, and the company expects results in late Q4. It cautioned that visual estimates of alteration and veining are not a substitute for laboratory analysis.

Initial drilling found phyllic, propylitic and inner propylitic alteration in a basaltic to andesitic volcaniclastic sequence. The company said magnetite-bearing alteration offers a possible explanation for a modelled magnetic high, and noted historic drilling of 32 metres at 0.10 grams per tonne gold, including 1 metre at 0.76 grams per tonne from 65 metres, in hole ODH1.

About the Companies

Strickland Metals Limited (ASX:STK): Strickland Metals is a Perth-based explorer whose only project in the announcements is the 100% owned Rogozna Gold and Base Metals Project in Serbia. Its resource is quoted in gold equivalent terms, meaning several metals are expressed together as ounces of gold using stated price and recovery assumptions.

Yandal Resources Ltd (ASX:YRL): Yandal Resources is a West Perth explorer focused on the Ironstone Well-Barwidgee Gold Project in the Yandal Greenstone Belt. The company describes the Arrakis structure as sub-vertical with a simple, predictable geometry, based on combined drilling results and geological observations.

Koonenberry Gold Limited (ASX:KNB): Koonenberry Gold is an Adelaide-based explorer whose Wilga Flats Project lies in the East Lachlan region of New South Wales. Its work centres on the 4.2 kilometre long Olaf's Trend, where it is testing epithermal gold and porphyry copper-gold targets.

Risks Across the Three Companies

All three programs are at the exploration stage. Strickland's Obradov and Jezerska North targets are undrilled and its flagship project sits in one country. Yandal's reported results come from priority sample zones only, with non-priority results still to come. Koonenberry's assays are pending, and its blind target sits beneath surface cover. The three share prices are quoted in cents, so small movements appear as large percentages.

Catalysts on Investors' Radar

Dated items include Yandal's early November results and program completion and Koonenberry's late Q4 assays. Strickland has not set a drilling date beyond the coming months, and any further ASX correspondence would be released to the market.

Final Perspective

The three explorers touched 52-week lows on the same session, with different news flow behind each: a price query response at Strickland, deep drilling at Yandal and an expanded program at Koonenberry. Upcoming assay batches and Strickland's drilling plans are the next dated events.

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