The All Ordinaries Index (ASX: XAO) is up 1.5% today, with plenty of help from this surging ASX All Ords gold stock.
The fast-rising miner in question is Strickland Metals Ltd (ASX: STK).
Strickland Metals shares closed on Friday trading for 9.5 cents. In earlier trade, shares leapt to 11 cents each, up 15.8%. After some likely profit taking, at the time of writing on Monday morning, shares are swapping hands for 10.5 cents apiece, up 10.5%.
The Stickland Metals share price is catching some tailwinds from the 2% increase in the gold price.
Gold, now trading for US$4,304 per ounce, is gaining following news that the US and Iran have reached a peace deal. This sees the S&P/ASX All Ordinaries Gold Index (ASX: XGD) up 8% today.
Here's why Strickland Metals is running ahead of those strong gains.
ASX All Ords gold stock jumps on strong recoveries
The Strickland Metals share price is racing higher today after the miner reported on the latest metallurgical testwork results from its 1.8-million-ounce gold only Gradina Deposit.
Gradina is part of its 100% owned Rogozna Gold and Base Metals Project, located in Serbia.
The ASX All Ords gold stock said the latest optimisation testwork is the most comprehensive sampling to date undertaken at the Gradina Deposit.
The miner reported "outstanding" average gold recoveries of 94.3%, as well as improved gold-in-concentrate grades averaging 21.1 grams per tonne achieved. Strickland noted this is a significant increase from the testwork completed in 2025, which returned average gold recoveries of 89.9%.
Stickland added that additional testwork is now in progress ahead of finalisation of plant design for its upcoming Pre Feasibility Study (PFS) for the Rogozna Project.
What did Strickland Metals management say?
Commenting on the strong recovery results helping boost the ASX All Ords gold stock today, Strickland Metals managing director Paul L'Herpiniere said:
These outstanding metallurgical testwork results for Gradina represent another important de-risking step for the Rogozna Project, coming just weeks after we delivered a 50% upgrade in the Gradina Inferred Mineral Resource Estimate to 1.8Moz at 2.8g/t Au.
The second phase testwork has provided further validation of the exceptional quality and robustness of this gold-only deposit, delivering a major improvement in overall gold recovery and gold-in-concentrate grades compared with the first round of testwork.
Looking ahead, L'Herpiniere added:
The latest testwork results represent a key input to ongoing Pre-Feasibility Study workstreams and will help the team to finalise plant configuration and designs as we continue to step up development activities on multiple fronts across the Rogozna Project.
On the funding side, the ASX All Ords gold stock reported holding cash and liquids of $81 million as at 31 March.
The post Guess which ASX All Ords gold stock is leaping 16% today on 'exceptional recoveries' appeared first on The Motley Fool Australia.
Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2026