SOUTHERN CROSS Stock Price, News & Analysis

Southern Cross Gold (MWSNF) has announced exceptional drilling results from its Sunday Creek gold-antimony project in Victoria. The highlight is drill hole SDDSC161, which delivered the project's second-best interval of 3.4 m @ 466.4 g/t Au, including 2.4 m @ 670.4 g/t Au. The hole also produced the third and ninth highest individual assays of 4,700 g/t Au and 1,510 g/t Au respectively.

Key developments include the discovery of six new vein sets between Christina and Golden Dyke prospects, depth extensions of 40-120m below previous mineralization, and continued expansion of the project's high-grade profile. The project now contains 64 intersections >100 g/t AuEq and 72 intersections between 50-100 g/t AuEq. Currently, 24 additional holes are being processed with 8 more being drilled, demonstrating ongoing systematic expansion of the mineralized footprint.

Southern Cross Gold (MWSNF) has completed the second tranche of its previously announced C$143M/A$162M private placement, raising C$29.9M through the issuance of 6,636,918 shares at C$4.50 per share. The net proceeds will fund the development of the Sunday Creek Gold-Antimony Project near Melbourne, with allocations of:

• C$53M for drilling to establish Inferred Resource by Q1 2027
• C$27M for 1 km decline development
• C$4M for Preliminary Economic Assessment
• C$59M for exploration and working capital

A third tranche of approximately C$24.4M is expected to close around May 16, 2025. The shares are subject to a four-month hold period expiring September 15, 2025.

Southern Cross Gold (MWSNF) reports significant drilling results from its Sunday Creek gold-antimony project in Victoria, highlighting exceptional high-grade extensions at the Apollo prospect. The key drill hole SDDSC158 returned 100.5m @ 3.1 g/t gold, including an impressive 28.6m @ 10.3 g/t gold with intersections up to 1.4m @ 142.2 g/t gold.

The Apollo area shows notable grade improvement at depth, consistent with epizonal gold-antimony deposit characteristics. The three reported holes (SDDSC149, SDDSC149W1, SDDSC158) intercepted mineralization 80-120m below known zones, at depths of 400-700m below surface.

The project's scale continues to expand with 167 drill holes totaling 77,426.9m completed since 2020. Currently, twenty additional holes are being processed and seven more are being drilled. The mineralization pattern suggests potential for combined narrow high-grade and selective bulk mining approaches.

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'.