Strata Minerals Limited (ASX: SMX)
Company Overview, Share Price, Latest News and Announcements
Strata Minerals Limited (ASX: SMX): Company Overview
Strata Minerals Limited is an Australian exploration and development company listed on the Australian Securities Exchange under the code SMX. The Company acquires, explores and develops mineral projects, with a current focus on gold in Western Australia.
Its assets sit in Western Australia. The lead project is Zelica, a gold project near Leonora and Laverton held on a granted mining licence. The Company also holds the Penny South and Biranup gold projects in Western Australia.
Strata Minerals was previously named NickelX Limited. The Company adopted its current name in September 2024. Its head office is in Perth.
| Corporate detail | Information |
|---|---|
| Full legal name | Strata Minerals Limited |
| ASX ticker | SMX |
| ABN | 52 631 513 696 |
| Sector | Materials (gold and minerals exploration) |
| Country of domicile | Australia |
| Date listed on ASX | 7 May 2021 (listed as NickelX Limited) |
| Head and registered office | Level 5, 191 St Georges Terrace, Perth WA 6000 |
| Share registry | Automic Registry Services |
| Flagship asset | Zelica Gold Project, Western Australia |
| Website | stratamineralslimited.com |
Strata Minerals Limited (ASX: SMX): News and Announcements
Stay up to date with the latest ASX announcements, production updates, and strategic developments from Redstone Resources Limited (ASX: RDS) below.
Strata Minerals Limited (ASX: SMX): Videos
Strata Minerals Limited (ASX: SMX): Business Core Insights
What the Company does
- Acquires and explores mineral projects in Western Australia
- Targets gold as its primary commodity
- Advances the Zelica Gold Project toward a maiden mineral resource and possible near-term mining
- Reviews and pursues additional project opportunities
Commodity and product exposure:
| Commodity | Project exposure | Location |
|---|---|---|
| Gold | Zelica, Penny South, Biranup | Western Australia |
Revenue Model
Strata Minerals is pre-revenue. It funds activity through equity capital. At Zelica, the Company has signed a mining services and profit share agreement with BML Ventures, under which BML Ventures funds proposed development and mining, with returns from cash-flow to be shared between the parties.
Where Strata Minerals Limited (ASX: SMX) Operates
| Project | Location | Commodity focus | Status |
|---|---|---|---|
| Zelica Gold Project | Between Leonora and Laverton, WA | Gold | Granted mining licence; drilling and resource definition; mining services and profit share agreement executed wit BML Ventures who fund development and mining; exploration across expanded project tenure |
| Penny South Gold Project | Youanmi district, ~450km NE of Perth, WA | Gold | Exploration (tenement E57/1045) adjoining Ramelius Resources Limited (ASX:RMS) Penny Mine |
| Biranup Project | Albany-Fraser belt, ~350km NE of Kalgoorlie, WA | Gold | Early-stage exploration (six granted licences, 342km²) adjoining AngloGold/Regis Tropicana Mine |
Strata Minerals Limited (ASX: SMX): Key Highlights
- Zelica is held on a granted mining licence in the Laverton Province of Western Australia.
- Near-surface oxide gold mineralisation at Zelica has been identified along about 1km of strike, open at depth and along strike.
- A Phase 2 reverse circulation program at Zelica drilled 17 holes for 2,209 metres. The Company reported significant gold in 16 of 17 extensional holes, a 94% hit rate. The highest-grade intercept reported was 2 metres at 7.58 grams per tonne gold, within a broader 12 metres at 2.08 grams per tonne gold from 99 metres (hole SZRC030).
- The Company expanded the broader Zelica Gold Project through staking and the addition tenements acquisitions, extending the interpreted mineralised corridor to about 9.5km of strike.
- Penny South sits about 550 metres south of Ramelius Resources’ Penny West/North gold mine and covers roughly 2.5km of the Penny West Shear.
- Biranup’s southwestern boundary lies less than 10km from the Tropicana gold mine and has returned rock chips up to 626 grams per tonne gold and aircore drilling of 9 metres at 7.08 grams per tonne gold from historical work.
Investment Snapshot at a Glance
| Item | Detail |
|---|---|
| ASX code | SMX |
| Primary commodity | Gold |
| Flagship project | Zelica Gold Project, WA |
| Project count | Three core gold projects |
| Revenue status | Pre-revenue explorer with a near term development |
| Dividend | None paid |
| Last price | A$0.017 |
| Market capitalisation | A$6.79M |
| Shares on issue | 399,953,113 |
Strata Minerals Limited (ASX: SMX): Projects and Assets Portfolio
Zelica Gold Project
Zelica is the Company’s lead asset. It sits between Leonora and Laverton in Western Australia, on granted tenements M39/1101, L39/261 and P39/5833. Access to infrastructure and processing mills in the district is straightforward.
- Near-surface oxide gold along about 1km of strike, open at depth and along strike
- Held on a granted mining licence
- A pre-stripped open pit, roughly 300 metres long and 10 to 25 metres deep, and pre-constructed vat leach ponds are present on site (photographed August 2025)
- No drilling had been undertaken at Zelica in the 10 years before Strata’s programs
Recent drilling. The maiden campaign returned significant gold in 22 of 23 holes. The Phase 2 reverse circulation program drilled 17 holes for 2,209 metres and reported gold in 16 of 17 extensional holes.
Development pathway. The Company signed a binding mining services and profit share agreement with BML Ventures in June 2026 to advance proposed development and mining at Zelica, covering approvals, mining, haulage and toll treatment.
Zelica South
Zelica South comprises tenements E39/2188 and P39/6171, immediately adjoining the Zelica Gold Project. The Company has expanded the broader Zelica Gold Project through the addition of two tenements, E39/2491 and E39/2606, extending the interpreted gold corridor to 9.5km. Exploration is at an early stage, however rock chips and historical drilling indicate that the area is highly prospective.
Penny South Gold Project
Penny South covers licence E57/1045, about 450km northeast of Perth and 100km southwest of Sandstone. The tenement holds four blocks over 9.95 square kilometres in the southern Youanmi Greenstone Belt.
- Located about 550 metres south of Ramelius Resources’ Penny West/North gold mine, one of Australia’s highest grading gold mines
- Captures about 2.5km of the Penny West Shear
- RC and Diamond drilling has been undertaken at Penny South as part of Strata’s exploration programme, highlighting the prospectivity of the Project
The nearby Penny West/North mine is estimated by Ramelius to contain 440,000 tonnes at 22 grams per tonne gold, for about 320,000 ounces. That figure relates to the neighbouring operation, not to Strata’s tenement.
Biranup Project
Biranup is an early-stage, wholly owned gold project in the north-eastern Albany-Fraser belt, about 350km northeast of Kalgoorlie. Six granted exploration licences cover 342 square kilometres.
- Southwestern boundary lies less than 10km from the Tropicana gold mine, a joint venture of AngloGold Ashanti (70%) and Regis Resources (30%)
- An anomalous gold zone of about 10km by 3km has been mapped from historical assays
- Rock chips have returned up to 626 grams per tonne gold
- Historic aircore drilling returned 9 metres at 7.08 grams per tonne gold
Strata Minerals Limited (ASX: SMX): Leadership Team
| Name | Role |
|---|---|
| Jonathan Downes | Non-Executive Chairman |
| Peter Woods | Managing Director |
| Oliver Kreuzer | Non-Executive Director |
| Richard Monti | Non-Executive Director |
| Steven Wood/Sarah Hobson | Company Secretary and Chief Financial Officer |
Jonathan Downes, Non-Executive Chairman.
Mr Downes has more than 25 years in the mining industry across geological and corporate roles, with experience in nickel, gold and base metals. He holds directorships with several ASX-listed resource companies including Dundas Minerals, Brightstar Resources and Cazaly Resoruces.
Peter Woods, Managing Director.
Mr Woods is an experienced corporate finance executive withmore than 15 years in venture capital and equity capital markets, , mergers & acquisitions, project generation and driving growth for early-stage companies. He has founded, funded and been a director of various public ASX listed companies and is also founder and director of Bluebird Capital, a boutique investment, deal origination and advisory company.
Dr Oliver Kreuzer, Non-Executive Director.
Dr Kreuzer is a Registered Professional Geoscientist with more than 20 years in applied research and exploration across gold, base metal, battery metal and uranium projects. He is an Associate Editor of the journal Ore Geology Reviews.
Richard Monti, Non-Executive Director.
Mr Monti is a geologist with more than 35 years in the international resource industry. He has worked across exploration, resource definition, feasibility, operations and corporate roles, and has served on the boards of 15 ASX-listed and TSX-listed companies.
Strata Minerals Limited (ASX: SMX): Share Price and Market Information
ASX share price data renders dynamically and could not be confirmed live at the time of writing. Figures below carry the date of the source and should be checked before publication.
| Market data | Value | As at |
|---|---|---|
| Last price | A$0.017 | 12 Aug |
| Market capitalisation | A$6.79M | 12 Aug |
| Shares on issue | 399,953,113 | 2026 |
| 52-week range | A$0.013 - A$0.032 | — |
| Sector | Materials (gold exploration) | — |
| Dividend | Nil | — |
| Date listed | 7 May 2021 (as NickelX Limited) | — |
Strata Minerals Limited (ASX: SMX): Strategy and Future Outlook
Near-term priorities
- Progress Zelica toward a maiden JORC Mineral Resource
- Advance the proposed development and mining pathway at Zelica under the BML Ventures agreement
- Follow up high-grade Zelica intercepts with further drilling
- Explroation across the broader Zelica project area
Medium-Term Objectives
- Test district-scale potential across the extended ~9.5k Zelica gold corridor,
- Assess development options at Zelica, including potential near-term gold extraction and cash flow generation
- Review targets at Penny South and Biranup
- Pursue further strategic project opportunities to add to the portfolio
These points reflect Company disclosures. They are not forecasts, and exploration outcomes are uncertain.
Strata Minerals Limited (ASX: SMX): Industry Position
Strata Minerals operates as a junior gold explorer in Western Australia, one of the world’s major gold jurisdictions. Its projects sit near established mines, which shapes how the market views its ground.
Gold prices have been a defining feature of the current cycle. Gold traded around US$4,343 per ounce on 7 August 2026, according to Trading Economics. Earlier in the year it set an all-time high above US$5,500, reached on 29 January 2026, before easing. The World Gold Council publishes the reference series for spot prices. A higher gold price improves the economics of small, shallow deposits of the kind Strata is testing at Zelica, though the Company has no current JORC 2012 defined resource or reserve at this stage. A historical non-JORC (2004) compliant mineral resource estimate exists at the Zelica.
| Company | Nearby asset | Relevance to Strata Minerals |
|---|---|---|
| Ramelius Resources (ASX: RMS) | Penny West/North gold mine | Operates the mine about 550m north of Penny South |
| AngloGold Ashanti / Regis Resources (ASX: RRL) | Tropicana gold mine | Operate the mine less than 10km from Biranup |
Strata Minerals Limited (ASX: SMX): Frequently Asked Questions
It is an ASX-listed exploration company that acquires and explores mineral projects. Its current focus is gold, specifically in Western Australia.
The Company trades under the code SMX on the Australian Securities Exchange.
No. The Company is a pre-revenue explorer and has not paid a dividend.
Three core gold projects sit in Western Australia: Zelica, Penny South and Biranup.
The Phase 2 reverse circulation program reported significant gold in 16 of 17 extensional holes, with a top intercept of 2 metres at 7.58 grams per tonne gold within 12 metres at 2.08 grams per tonne gold from 99 metres.
Strata signed a mining services and profit share agreement with BML Ventures, under which BML Ventures funds proposed development and mining activities.
The Phase 2 reverse circulation program reported significant gold in 16 of 17 extensional holes, with a top intercept of 2 metres at 7.58 grams per tonne gold within 12 metres at 2.08 grams per tonne gold from 99 metres.
Strata signed a mining services and profit share agreement with BML Ventures, under which BML Ventures funds proposed development and mining activities.
Yes. Penny South adjoins Ramelius Resources’ Penny operation, and Biranup lies near the Tropicana gold mine. Zelica is in the vicitinty of multiple >1Moz gold deposits and processing mills.