Strickland Metals' voting power in Gateway Mining diluted after placement

Strickland Metals Limited announced a change in its substantial holding in Gateway Mining Limited, with the adjustment occurring on October 2, 2025. This follows a private placement of fully paid ordinary shares by Gateway Mining, leading to a dilution of Strickland Metals' voting power.

Previously, Strickland Metals held 300,000,000 fully paid ordinary shares (FPO) in Gateway Mining, representing 15.72% of the voting power. While the number of shares held remains 300,000,000 FPO, the voting power has decreased to 13.09%. The previous notice of substantial holding was given on August 26, 2025.

The nature of this change is attributed to shareholder dilution resulting from Gateway Mining Limited's private placement of fully paid ordinary shares. No consideration was given by Strickland Metals in relation to this change, indicating that the shift is purely a percentage adjustment due to an increased total share count from the placement.