SOUTHERN CROSS Stock Price, News & Analysis

Mawson Gold Limited (OTC PINK:MWSNF) announced the filing of an independent Preliminary Economic Assessment (PEA) technical report for its Rajapalot Gold-Cobalt Project in Finland. This report supports a previous release from October 20, 2022, highlighting a post-tax NPV5 of US$211 million and a low AISC of $824/oz Au. The project has a potential lifespan of nine years, with significant production capabilities, positioning it as one of the largest cobalt and gold mines in the EU. Mawson's strategic holdings and ongoing exploration could further enhance value in 2023.

Mawson Gold Limited (MWSNF) held its Annual General Meeting on November 8, 2022, with 128,539,611 shares voted, representing 43.78% of total shares. Shareholders approved all resolutions, including the election of six directors, with Ivan Fairhall elected as CEO and Executive Chairman. Mr. David Henstridge did not seek re-election. The appointed directors received significant support, with Michael Hudson securing 81.93% of votes. Shareholders also re-appointed D&H Group as auditors. The results will be detailed in a voting report on SEDAR.

Mawson Gold Limited (MWSNF) has reported promising drilling results from its subsidiary Southern Cross Gold Ltd. at the Sunday Creek property in Victoria, Australia. Significant findings include:

• 48.9 m @ 3.0 g/t AuEq from drill hole SDDSC049, indicating strong gold and antimony mineralization.
• Exciting continuity of high-grade mineralization demonstrated at Apollo and Golden Dyke.
• Third drill rig mobilized, expanding exploration capability.
• CEO Ivan Fairhall emphasized ongoing positive exploration results and potential for shareholder benefits.

Mawson Gold Limited announced the results of its maiden preliminary economic assessment (PEA) for the Rajapalot gold-cobalt project in northern Finland. The PEA reveals a post-tax NPV5 of $211 million at $1,700/oz gold and $60,000/t cobalt, with an AISC of $824/oz over a 9-year mine life. The project targets a production of ~700koz gold and ~2800t cobalt. Rajapalot could become the EU's third-largest cobalt mine and sixth-largest gold mine. Initial capex is estimated at $191 million, with significant cash flows projected in the first five years.

Mawson Gold Limited has successfully completed its maiden drilling program at the Skellefteå North Project, Sweden, consisting of six diamond drillholes over 752.8 meters. The final four holes confirmed significant gold intercepts, with grades reaching up to 132 g/t Au. This high-grade gold system extends along 300 meters and remains open for further exploration. Visible gold was observed in three of the six holes. The next steps involve 3D modeling and geochemical sampling to identify future drilling targets.

Mawson Gold Limited (TSX:MAW) has announced new drill results from its majority-owned Australian subsidiary, Southern Cross Gold Ltd, at the Sunday Creek project in Victoria. The highlights include drill hole SDDSC046, which showed significant gold grades of 21.5 m at 15.0 g/t AuEq, including 2.1 m at 121.6 g/t AuEq. This represents the highest mineralization detected to date in the new Rising Sun area, located 350 m from the Apollo site. The company continues its drilling operations with six holes pending assays, indicating strong potential for further discoveries.

Mawson Gold Limited has appointed John Jentz as an Independent Director, enhancing its Board with over 20 years of mining and finance experience. Jentz has previously held key positions in acquisition deals worth ~C$1B and brings expertise in corporate strategy and finance. He holds an HBSc and MBA and is a Chartered Accountant. His appointment includes incentive stock options for 600,000 shares at $0.15 each. CEO Ivan Fairhall expressed confidence in Jentz's ability to drive shareholder value, especially with projects like the 1.04 Moz AuEq Rajapalot project in Finland.