SOUTHERN CROSS Stock Price, News & Analysis

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.

Mawson Gold (TSXV: MAW, Frankfurt: MXR, PINKSHEETS: MWSNF) announced Southern Cross Gold (SXG) released results from three diamond drill holes at the Apollo prospect, part of the Sunday Creek Gold-Antimony Project in Victoria, Australia. The holes intersected high-grade mineralisation, confirming targets identified by VRIFY's AI-powered platform. Highlights include:

• SDDSC128: 21.9 m @ 4.0 g/t AuEq, 7.8 m @ 7.5 g/t AuEq.
• SDDSC124: 6.3 m @ 6.6 g/t AuEq, 0.7 m @ 19.3 g/t AuEq.
• SDDSC127: 3.5 m @ 6.2 g/t AuEq.

These results extend mineralisation zones significantly, with SDDSC124 being the deepest hole drilled east-west at Apollo, expanding vein domains by 95 to 105 m down-dip. SXG's exploration team and VRIFY AI identified Apollo East as a new high-grade zone, prioritizing further drilling. Mawson owns 48.7% of SXG, valuing its stake at A$299.4 million. The project continues to show promising growth, with additional drilling underway.

Mawson Gold (TSXV:MAW, OTC PINK:MWSNF) has announced the signing of an arrangement agreement with SUA Holdings to spin out its uranium assets in Sweden. The arrangement involves distributing SUA common shares to Mawson shareholders on a pro rata basis. Mawson has also subscribed for additional SUA shares worth $600,000 to provide working capital. The arrangement requires 66 2/3% approval from shareholders at the meeting on November 7, 2024.

Additionally, Mawson plans to acquire all remaining shares of Southern Cross Gold (SXG), consolidate its own shares, and dual list on the Australian Securities Exchange. The company will also change its name to Southern Cross Gold Consolidated and trade under the new ticker symbol 'SXGC' on the TSXV.

Mawson Gold announces a significant new gold-antimony discovery by Southern Cross Gold at the Sunday Creek Project in Victoria, Australia. The discovery, made 100-150m below the Golden Dyke historic mine, revealed seven high-grade vein sets over a 230m downhole interval, including assays up to 124g/t gold and 31.5% antimony. Key intercepts include:

• 11.9m @ 5.3 g/t AuEq
• 12.6m @ 8.0 g/t AuEq
• 8.7m @ 4.6 g/t AuEq

SDDSC130, the first of several planned drill holes, remains open in multiple directions. Mawson owns 48.7% of SXG, valuing its stake at A$252.1 million. The discovery expands the mineralized system at Sunday Creek, with more drilling planned. The high antimony content is significant given China's recent export restrictions on the metal, potentially benefiting SXG's market position.