Southern Cross Gold Consolidated Ltd: A New Dawn for Gold Exploration

Southern Cross Gold Consolidated Ltd (SXGC) has recently announced the completion of the SXG Scheme, a transformative transaction that positions the company at the forefront of the global gold exploration landscape. The acquisition of SXG, a mineral exploration and development company with a strategic focus on the Sunday Creek Gold-Antimony Project, has significantly enhanced SXGC's financial stability and growth prospects. In this article, we will delve into the strategic advantages that this acquisition brings to SXGC and how these advantages translate into long-term shareholder value.



Access to a Globally Significant Gold-Antimony Discovery

The completion of the SXG Scheme has given SXGC full control over the Sunday Creek Gold-Antimony Project, one of the most significant gold and antimony discoveries in the Western world. With over 1,000 hectares of strategic freehold land ownership and an aggressive 60 km drill program planned through Q3 2025, SXGC is well-positioned to advance this globally significant discovery. The mineralization follows a "Golden Ladder" structure over 12 km of strike length, with confirmed continuity from surface to 1,100m depth. This project has the potential to generate exceptional drilling results, including 55 intersections exceeding 100 g/t AuEq x m from just 70.7 km of drilling.



Diversified Metal Profile and Strategic Value

The Sunday Creek project's dual-metal profile, with antimony contributing 20% of the in-situ value alongside gold, enhances its strategic value. This diversification has gained increased significance following China's export restrictions on antimony, a critical metal for defense and semiconductor applications. SXGC's inclusion in the US Defense Industrial Base Consortium (DIBC) and Australia's AUKUS-related legislative changes position it as a potential key Western antimony supplier. Importantly, Sunday Creek can be developed primarily based on gold economics, which reduces antimony-related risks while maintaining strategic supply potential.

Strong Financial Position and Board Changes

SXGC has more than A$20M in cash, which, combined with the resources and projects acquired from SXG, provides a strong financial foundation for growth and exploration activities. The completion of the SXG Scheme has also led to board changes, with three members of the board of directors being replaced with experienced individuals from SXG. Tom Eadie, David Henstridge, and Georgina Carnegie have joined the SXGC board, bringing valuable expertise and strategic guidance to the company. Michael Hudson remains on the board as President & CEO, further strengthening SXGC's management team.

Dual-Listed Structure and Liquidity

The acquisition of SXG allows SXGC to become a dual-listed company on both the TSX Venture Exchange and the Australian Securities Exchange. This dual-listing provides increased liquidity, access to a broader investor base, and potential for higher shareholder value. SXGC's common shares are expected to resume trading on the TSX Venture Exchange on a post-Consolidated basis effective at the opening of the market on Wednesday, January 15, 2025, under the new ticker symbol "SXGC". The new CUSIP number assigned to the Company's common shares following the Consolidation and Name Change is 842685109, and the new ISIN is CA8426851090.



In conclusion, the completion of the SXG Scheme has brought significant strategic advantages to Southern Cross Gold Consolidated Ltd, positioning the company at the forefront of the global gold exploration landscape. With access to a globally significant gold-antimony discovery, a diversified metal profile, a strong financial position, and a dual-listed structure, SXGC is well-equipped to generate long-term shareholder value. As an investor, keeping a close eye on SXGC's progress and considering its shares for your portfolio could prove to be a lucrative decision.