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The All Ordinaries Index (ASX: XAO) is up 8.0% over the last 12 months, with this ASX All Ords gold stock leaving those gains in the dust.
The fast-rising gold miner in question is Strickland Metals Ltd (ASX: STK).
In early afternoon trade on Monday, Strickland Metals shares are trading for 20.5 cents apiece.
That puts the Strickland share price up a whopping 156.3% since this time last year. That’s enough to turn a $5,000 investment 12 months ago into $12,815 today.
And the ASX All Ords gold stock looks well-placed to more than double investors’ money again in the year ahead.
Here’s why.
ASX All Ords gold stock could keep shining bright
Strickland shares have been enjoying strong support from both the record-setting gold price and the miner’s own exploration successes.
On Thursday, the ASX All Ords gold stock closed the day up a blistering 29.0% following a favourable exploration update from its Rogozna Gold & Base Metals Project, located in Serbia.
After receiving new gravity survey results, Strickland said it had identified “significant” new target areas at the project.
“The recently completed gravity survey has delivered some exciting results, delineating three key mineralisation-controlling structures that traverse the Rogozna Project area,” Strickland managing director Paul L’Herpiniere said last week.
L’Herpiniere added, “This shows just how fertile a geological environment we have on our hands at Rogozna, with the potential to discover multiple large-scale mineral systems in addition to the known skarn-hosted deposits.”
Having run their slide rules over those results, the analysts at Canaccord Genuity agree on that highly promising potential for this ASX All Ords gold stock.
Wealth manager tips major upside
On the heels of Strickland’s exploration announcement on Thursday, Canaccord said the results “highlighted highly prospective new copper-gold porphyry targets”.
Canaccord noted:
The 2025 gravity survey over the Zlatni Kamen licence aimed to map density contrasts and improve structural interpretation across the central project area… The combined dataset indicates that these structures host multiple high-density circular anomalies, interpreted as magmatic intrusive centres; key signatures of porphyry systems.
And Canaccord is optimistic about the ASX All Ords gold stock’s ongoing exploration program.
According to the wealth manager:
There are currently seven diamond drill rigs are active across the project: three focused on Gradina to support delivery of a maiden resource by late 2025, one at Shanac, and three engaged in regional discovery drilling. STK remains well-funded, holding A$52.4m in cash and liquid assets as of 30 June 2025, supporting the ongoing intensive exploration.
Connecting the dots, Canaccord maintained its speculative buy rating on Strickland shares, with a 50-cent price target.
That represents a further potential upside of 143.9% from current levels.