News

Southern Cross Gold's latest drilling results from the Sunday Creek Project in Victoria demonstrate the project's expanding high-grade potential and size adding four new >100 g/t AuEq * m intercepts to the project within a single drill hole. Drill hole SDDSC144 delivered exceptional results with 242.1 m @ 6.0 g/t gold (uncut), including multiple bonanza-grade intersections across eight distinct high-grade vein sets. Most notably, the hole produced one of the project's highest-grade intersections to date: 0.16 m at 3,352.0 g/t AuEq (3,330.0 g/t Au, 11.7% Sb), ranking as the seventh-best composite interval in project history and 3.6 m @ 117.3 g/t AuEq (114.6 g/t Au, 1.4% Sb).

Of equal significance, SDDSC129, the deepest hole drilled to date at Sunday Creek (1,269.8 m), successfully extended known mineralisation and served as a crucial control hole for SDDSC144. The hole's high-grade intersection at 1,238.6 m (1.5 m @ 21.5 g/t AuEq) proves mineralisation extends 100 m down-dip from previous intersections. This depth extension, combined with the project's improving predictability of high-grade intersections, suggests significant exploration upside remains.

The results reinforce the conclusion that Sunday Creek has become a very significant epizonal gold-antimony system, similar to other major Victorian deposits such as Fosterville and Costerfield. With antimony recognised as a critical mineral by major economies and China recently imposing export restrictions, Sunday Creek's antimony content (which represents approximately 20% of in-situ recoverable value) adds strategic importance to the project. The Company's systematic drill program, currently employing five rigs with plans to drill 60,000 m through Q3 2025, continues to expand the known mineralisation along strike and at depth.

• SDDSC144 drilled 242.1 m @ 6.0 g/t gold (uncut) traversing eight high-grade vein sets and delivered the seventh best intercept on the Sunday Creek project, 0.16 m @ 3,352.0 g/t AuEq (3,330.0 g/t Au, 11.7% Sb). The hole included 10 intervals >100 g/t Au (up to 3,330.0 g/t Au), four intervals >2% Sb (up to 11.7% Sb) and added four new >100 g/t AuEq x m intercepts to the project. Selected highlights include:
  • 15.7 m @ 12.0 g/t AuEq (11.4 g/t Au, 0.3% Sb) from 567.1 m, including:
    • 4.1 m @ 40.8 g/t AuEq (40.2 g/t Au, 0.3% Sb) from 568.9 m
  • 0.7 m @ 193.5 g/t AuEq (193.4 g/t Au, 0.1% Sb) from 609.3 m
  • 0.5 m @ 87.1 g/t AuEq (84.8 g/t Au, 1.2% Sb) from 632.5 m, including:
    • 0.2 m @ 210.6 g/t AuEq (206.0 g/t Au, 2.5% Sb) from 632.5 m
  • 5.8 m @ 4.8 g/t AuEq (4.3 g/t Au, 0.3% Sb) from 659.4 m, including:
    • 0.4 m @ 56.8 g/t AuEq (56.1 g/t Au, 0.4% Sb) from 664.8 m
  • 3.6 m @ 18.2 g/t AuEq (18.2 g/t Au, 0.0% Sb) from 697.4 m including:
    • 1.2m @ 55.3 g/t AuEq (55.2 g/t Au, 0.1% Sb) from 697.4 m
  • 3.6 m @ 117.3 g/t AuEq (114.6 g/t Au, 1.4% Sb) from 748.8 m, including:
    • 0.6 m @ 653.6 g/t AuEq (639.8 g/t Au, 7.3% Sb) from 751.8 m
  • 0.16 m @ 3,352.0 g/t AuEq (3,330.0 g/t Au, 11.7% Sb) from 776.6 m

• SDDSC129 is the deepest hole on the project at 1,269.8 m with high-grade mineralisation present at 1,238.6 m (1.5 m @ 21.5 g/t AuEq (21.5 g/t Au, 0.0% Sb). Selected highlights include:

• • 0.8 m @ 8.4 g/t AuEq (8.4 g/t Au, 0.0% Sb) from 890.7 m
  • 0.9 m @ 4.9 g/t AuEq (4.9 g/t Au, 0.0% Sb) from 1,079.2 m
  • 1.5 m @ 21.5 g/t AuEq (21.5 g/t Au, 0.0% Sb) from 1,238.6 m, including:
    • 0.8 m @ 36.6 g/t AuEq (36.6 g/t Au, 0.0% Sb) from 1,239.3 m
• Ongoing Exploration: Thirteen holes are currently being processed and analysed, with five holes in progress (Figures 1 and 2).
• Mawson owns 96,590,910 shares of SXG (48.7%), valuing its stake at A$379.6 million (C$344.3 million) based on SXG’s closing price on December 17, 2024 AEDT.