SOUTHERN CROSS Stock Price, News & Analysis

Mawson Gold Limited (MWSNF) reported significant drilling results from its Sunday Creek Project in Victoria. Recent drill holes SDDSC056-58, 61, 63, and 65 highlighted substantial intervals of mineralization, particularly SDDSC061, which revealed 12.0 m at 7.4 g/t AuEq, including 0.3 m at 249.5 g/t AuEq. The mineralization now extends 1,350 m in the main area. Mawson owns 51% of Southern Cross Gold (SXG), which operates the project. The ongoing drill campaign indicates potential expansion of mineralization, bolstered by visible gold findings. Mawson’s stake in SXG is valued at A$64.7 million based on recent market prices.

Mawson Gold Limited (OTC PINK:MWSNF) announced the resignation of CEO Ivan Fairhall, effective immediately, with the Board expressing gratitude for his service. Ms. Noora Ahola, the company's Environmental Director since 2016, has been appointed as the Interim CEO. Ahola's leadership experience in Finland is expected to ensure minimal operational disruption and maintain focus on growth, particularly for the Rajapalot gold-cobalt project. The Company has made significant progress in developing its assets, highlighted by the October 2022 PEA and the successful spin-out of Australian assets into Southern Cross Gold Ltd.

Mawson Gold Limited (MWSNF) announced drill results from the Sunday Creek Project, revealing significant mineralization. Key findings include 18.6 m at 4.1 g/t AuEq in drill hole SDDSC055, confirming the continuity of the Rising Sun shoot over 250 m down dip across five drill holes. This follows a prior intersection of 305.8 m at 2.4 g/t AuEq in SDDSC050. Drilling continues with three rigs on 13 holes, reinforcing potential for further discoveries. Mawson holds a 51% stake in Southern Cross Gold, valued at approximately A$59 million. CEO Ivan Fairhall noted promising developments for potential mining operations.

Mawson Gold Limited (MWSNF) announced the appointment of Bruce Griffin as an Independent Director of its Board. Griffin, an accomplished resources professional with over 30 years of experience, has held senior roles at several companies, including Sheffield Resources and BHP. Executive Chairman Michael Hudson expressed enthusiasm for Griffin's corporate expertise, which could help unlock value across Mawson's diverse assets. The company also reported a change in its shareholder base, welcoming new investors while acknowledging the departure of Sentient Equity Partners. Additionally, Mawson granted stock options for the acquisition of 8,900,000 shares at $0.24, exercisable over three years.

Mawson Gold Limited (MWSNF) announced significant gold mineralization at Sunday Creek Project, Victoria, following drilling results from two holes SDDSC051 and SDDSC052. The drilling extended the mineralization strike by 40 m with intersections of high-grade zones, including 10.7 m at 4.8 g/t AuEq and a remarkable 0.4 m at 95.0 g/t AuEq. The project continues to show promise, supported by a strong market value of Mawson's stake in Southern Cross Gold, valued at A$68 million. Mawson's CEO noted the continuity of high-grade structures at Sunday Creek, indicating ongoing exploration potential. Future news related to these drilling efforts is anticipated.