SOUTHERN CROSS Stock Price, News & Analysis

Mawson Gold announces significant drill results from its Sunday Creek Gold-Antimony Project, with exceptional findings including 186 meters at 8.8 g/t gold (uncut) and a remarkable 0.5 meters at 2,541.9 g/t gold intersection. The discovery hole SDDSC145 revealed eight distinct high-grade vein sets, with five being new discoveries outside the January 2024 exploration target area.

The project demonstrates increasing grades at depth, typical of Victorian epizonal deposits. Notably, about 20% of Sunday Creek's in-situ recoverable value comes from antimony, positioning it as a significant Western source amid China's recent export restrictions. The exploration program continues with fourteen holes being processed and five rigs actively drilling, with plans for 60,000m by Q3 2025.

Mawson Gold announces significant drilling results at the Sunday Creek Gold-Antimony Project through Southern Cross Gold (SXG). The key highlight is drill hole SDDSC141, which intercepted 5.5 metres at 25.4 g/t gold, including 1.4 metre at 101.1 g/t gold, extending mineralization 200 metres deeper than previous drilling.

The discovery reveals multiple high-grade gold and antimony zones following a 'ladder' structure, with at least 66 mineralized 'rungs' identified. The project's antimony content represents approximately 20% of in-situ recoverable value. SXG is operating five drill rigs, with a sixth arriving in December 2024, planning 60 km of drilling over the next year.

Mawson Gold reports results from five navigational diamond drill holes at the Rising Sun prospect, Sunday Creek Gold-Antimony Project. The NAVI drill program successfully demonstrated predictability of mineralized structures and grade consistency. Key highlights include intercepts of 1.3 m @ 52.6 g/t AuEq from 730.0 m and 0.3 m @ 81.4 g/t AuEq from 674.3 m. The program discovered additional gold-antimony mineralized vein sets and confirmed geological continuity. Currently, 60 km of diamond drilling is planned over the next year, with twelve holes being processed and five in progress. Mawson owns 48.7% of Southern Cross Gold, valued at A$296.5 million.

Mawson Gold (MWSNF) announced the results of its annual general and special meeting, where shareholders approved all resolutions. Key approvals include: a plan of arrangement to distribute 100% of SUA Holdings shares (holding Swedish uranium assets) to shareholders, and changes in management connected to the scheme implementation agreement with Southern Cross Gold (SXG). Following the scheme completion, Mawson will undergo a 3.1694:1 share consolidation, change its name to Southern Cross Gold Consolidated , and trade under ticker 'SXGC'. The company currently owns 48.70% of SXG shares and aims to acquire the remaining shares through an Australian scheme of arrangement.

Mawson Gold announces significant discovery at its Sunday Creek Gold-Antimony Project through Southern Cross Gold, extending mineralization by 260 meters west. Key highlights include exceptional drill results from the Christina mine area, with intersections of 1.7m @ 250.8 g/t Gold and 1.7% Antimony, representing the project's seventh-best intersection. The discovery expands the known strike length by 19% to 1,350 meters, establishing Christina as the fourth high-grade gold-antimony prospect. The project maintains aggressive exploration with 60 km of planned diamond drilling, utilizing five operational rigs with a sixth due in November 2024. Mawson owns 48.7% of SXG, valued at approximately A$312.0 million.

Southern Cross Gold (SXG) has agreed to acquire the remaining 30% interest in the Redcastle gold-antimony Joint Venture from Nagambie Resources for A$250,000. The acquisition eliminates royalty obligations and concludes the JV. The Redcastle project, located 120 km north of Melbourne, features 17 km of undrilled reef systems with historical high-grade gold production dating back to 1850s. Mawson Gold, which owns 48.7% of SXG (valued at A$313.0 million), will benefit from this consolidation. The project has shown promising results with grades up to 704 g/t Au and 24.7% Sb at the Laura prospect, where historic mines produced 20,583 oz at 254.6 g/t Au.

Mawson Gold announces that Southern Cross Gold (SXG) has made a significant discovery at the Sunday Creek Gold-Antimony Project in Victoria, expanding mineralization 140 m below previous drilling at the historic Golden Dyke mine. Key highlights include:

1. High-grade results from two diamond drill holes (SDDSC132 and SDDSC138), including 3.3 m @ 34.1 g/t AuEq and 12.9 m @ 7.4 g/t AuEq.

2. Golden Dyke has become the third high-grade gold-antimony prospect at Sunday Creek, joining Rising Sun and Apollo.

3. Ongoing exploration with 60 km of diamond drilling planned over the next year, and five rigs currently operating.

4. Mawson owns 48.7% of SXG, valuing its stake at A$317.8 million (C$293.3 million) based on SXG's closing price on October 15, 2024.

Mawson Gold announces that Southern Cross Gold has initiated a large-scale induced polarization (IP) geophysical survey at the Sunday Creek Gold-Antimony Project in Victoria. The survey covers 12 km² and 6 km strike of the mineralized trend, including historical mining areas like Tonstal, Leviathan, Consols, and Aftermath.

IP geophysics is important for mapping gold-antimony mineralization due to the pyrite halo around vein sets. Previous regional drilling confirmed the presence of high-grade gold-bearing veins up to 8 km along strike from the main drill area. Currently, five drill rigs are operating on-site, with 22 diamond drill holes being processed and 5 holes in progress.

The survey aims to define regional drill targets for a sixth rig, expected to be mobilized in November. Mawson owns 48.7% of Southern Cross Gold, valuing its stake at A$298.5 million.

Mawson Gold announces that Southern Cross Gold (SXG) intends to acquire two residential holdings for AUD$1.9m and 100% of Sparr Nominees Pty . Sparr holds substantial agricultural properties near the Sunday Creek Project and approximately AUD$18.75m in cash. The Sparr acquisition involves a share swap of 22,088,670 SXG ordinary shares. These acquisitions are subject to Foreign Investment Review Board (FIRB) approval, expected to complete around mid-November 2024. Post-acquisition, Mawson's ownership in SXG is expected to decrease from 48.67% to approximately 43.80%. The agreements are important for securing future pathways for the Sunday Creek Project, which is developing into a significant global gold-antimony discovery.