SOUTHERN CROSS Stock Price, News & Analysis

Southern Cross Gold Consolidated (TSXV: SXGC) (ASX: SX2) (OTC Pink: MWSNF) has reported significant progress at their Sunday Creek project in Victoria, Australia. Recent drilling results have expanded mineralization by 15%, featuring impressive high-grade intercepts up to 76.1 g/t gold equivalent.

The project notably contains substantial antimony deposits, representing 20% of the project's value. This strategic mineral component gains additional significance following China's export restrictions, positioning Sunday Creek as a potential key Western source of antimony.

Southern Cross Gold (TSXV:SXGC, ASX:SX2, OTC:MWSNF) has initiated the permitting process for an underground exploration tunnel at its 100%-owned Sunday Creek project in Victoria. The company plans to submit a formal application in Q3 2025.

The proposed tunnel will be approximately 150 meters deep and 600 meters long, enabling 24/7 underground drilling operations in 2026. Key features include:

• Location on company-owned land with private road access
• Construction expected to take 6-12 months starting 2026
• Infrastructure designed to minimize visual impact
• Environmental surveys ongoing to ensure minimal community impact

The permit is strictly for exploration purposes, with any future mining activities requiring separate approvals. The company has scheduled community drop-in sessions throughout March and April across Mitchell Shire to engage with local residents.

Southern Cross Gold (TSXV:SXGC, ASX:SX2, OTC:MWSNF) has announced its upcoming inclusion in the S&P/ASX All Ordinaries Index, effective March 24, 2025. This milestone follows the company's recent listing on the ASX under ticker SX2 on January 15, 2025.

The All Ordinaries Index represents Australia's 500 largest ASX-listed companies by market capitalization and is considered the benchmark for Australian equity market performance. The inclusion is expected to enhance the company's visibility and trading liquidity by attracting institutional investors, index funds, and ETFs.

Additionally, the company has granted 700,000 stock options to Canadian officers and an Australian consultant, exercisable at C$3.38 for three years, vesting immediately upon grant.

Southern Cross Gold (MWSNF) has announced a significant expansion of its Sunday Creek gold-antimony Exploration Target in Victoria, Australia. The project now estimates 8.1-9.6 million tonnes grading 8.3-10.6 g/t gold equivalent, potentially containing 2.2-3.2 million oz AuEq.

The 2025 target shows remarkable growth compared to 2024, with:

• Tonnage increasing up to 88%
• Grades improving up to 15%
• Total contained AuEq metal growing up to 120%

The target covers three main areas spanning 1,020m of strike length: Rising Sun, Apollo, and Golden Dyke, representing 67% of the 1.5km main drill footprint. Six drill rigs are currently active, with two more joining in March-April 2025. The project demonstrates excellent gold and antimony recoveries (93-98%) and benefits from its location in a Tier 1 jurisdiction with strong infrastructure.

Southern Cross Gold has announced significant expansion of high-grade gold-antimony mineralization at its Sunday Creek project in Victoria. The mineralized strike length has been extended by 200 meters westward (15% increase) to a total of 1.5 km from Apollo East to Christina, remaining open in multiple directions.

Drillhole SDDSC148 intercepted the mineralized zone over 330 meters, identifying six new vein sets and 12 instances of visible gold, with exceptional intercepts including 1.0 m @ 20.8 g/t AuEq, 0.5 m @ 76.1 g/t AuEq, and 0.5 m @ 41.3 g/t AuEq. Other significant drill results came from SDDSC140 and SDDSC146W1.

The company highlights Sunday Creek's strategic importance as a Western gold-antimony discovery, particularly following China's September 2024 antimony export restrictions. Antimony represents 20% of the project's in-situ value, positioning it as one of few large antimony projects in Western hands.

With A$18M in cash, Southern Cross Gold is conducting a large 60 km drill program through Q3 2025. Metallurgical results show conventional processing viability with 93-98% gold recovery.

Mawson Gold (MWSNF) has announced several significant corporate changes. The company's shares will be halted from January 10-15, 2025, during which multiple transitions will occur. At the core of these changes are:

1. The spin-out of uranium assets to SUA Holdings , where shareholders will receive one SUA share for each Mawson share.
2. A share consolidation at a ratio of 1:3.1694, reducing outstanding shares from 306,138,320 to approximately 96,590,910.
3. A name change to Southern Cross Gold Consolidated with a new ticker symbol 'SXGC'.
4. The acquisition of remaining 56.2% stake in Southern Cross Gold (SXG), making it a wholly-owned subsidiary.
5. A planned dual listing on the Australian Securities Exchange (ASX) under the ticker 'SX2'.

Mawson Gold (MWSNF) has responded to the Swedish Ministry of Climate and Enterprise's announcement regarding proposed changes to uranium mining legislation. The Swedish Government is moving to lift the uranium mining moratorium in place since 2018, with key recommendations including regulating uranium as a concession mineral and overturning the current Environmental Code ban. A written consultation period will run until March 20, 2025, with new legislation proposed to take effect January 1, 2026.

Mawson's Swedish uranium assets, held via SUA Holdings , will be distributed to Mawson shareholders on January 10, 2025, before the closing of the scheme of arrangement with Southern Cross Gold SUA will become a public and reporting issuer in British Columbia, Alberta and Ontario. Sweden currently operates six nuclear reactors providing 29% of the country's electricity, and the government aims to strengthen domestic energy security and reduce dependency on external mineral supplies.

Mawson Gold announces significant drilling results from its Sunday Creek Gold-Antimony Project in Victoria. Drill hole SDDSC144 delivered exceptional results with 242.1 m @ 6.0 g/t gold (uncut), including multiple high-grade intersections across eight distinct vein sets. Notable highlights include 0.16 m at 3,352.0 g/t AuEq (3,330.0 g/t Au, 11.7% Sb) and 3.6 m @ 117.3 g/t AuEq (114.6 g/t Au, 1.4% Sb).

SDDSC129, the deepest hole drilled to date at 1,269.8 m, successfully extended known mineralization with a high-grade intersection at 1,238.6 m. The project continues expansion with five drill rigs operating and plans to drill 60,000 m through Q3 2025.

Mawson Gold (MWSNF) announces that Southern Cross Gold (SXG) has received FIRB approval to acquire Sparr Nominees Pty through a Share Swap Agreement. The acquisition includes 921.22 hectares of agricultural properties and approximately AUD$18.75 million in cash. The deal involves issuing 22,088,670 SXG shares for 100% of Sparr's shares.

SXG currently owns 133.29 hectares of freehold land at the Sunday Creek Project. This acquisition will increase SXG's total landholding to 1,054.51 hectares. The transaction is expected to complete in the coming days and is considered critical for securing future pathways for the Sunday Creek project, which is developing as a significant gold-antimony discovery.