Southern Cross Gold Included in S&P/ASX All Ordinaries Index

Southern Cross Gold Consolidated Ltd has been added to the S&P/ASX All Ordinaries Index, effective March 24, 2025. The inclusion is expected to increase visibility and trading liquidity for the company. The index tracks the 500 largest companies listed on the Australian Securities Exchange by market capitalization. Southern Cross Gold's dual listing on the TSXV and ASX, and control of the Sunday Creek Gold-Antimony Project, a significant gold and antimony discovery with confirmed continuity from surface to 1,100 m depth, are also highlighted.

Southern Cross Gold Consolidated Ltd (SXGC), a gold exploration and development company with a dual listing on the Toronto Stock Exchange Venture (TSXV) and Australian Securities Exchange (ASX), has experienced significant growth and transformation following its recent inclusion in the S&P/ASX All Ordinaries Index [1]. This milestone is expected to boost the company's visibility and trading liquidity, solidifying its position in the Australian market.

The S&P/ASX All Ordinaries Index tracks the 500 largest companies listed on the ASX by market capitalization. SXGC's addition to this prestigious index is a testament to its growing significance and potential within the industry. The company's control of the Sunday Creek Gold-Antimony Project, a significant gold and antimony discovery with confirmed continuity from surface to 1,100 meters [2], further underscores its potential.

In January 2025, SXGC completed a scheme of arrangement (SXG Scheme) with Southern Cross Gold Ltd (SXG), resulting in the acquisition of all SXG's issued share capital [1]. The transaction led to the issuance of 124,569,123 SXGC CDIs and 471,108 SXGC Common Shares to SXG shareholders. The SXGC CDIs now trade on the ASX under the ticker symbol "SX2," while the SXGC Common Shares trade on the TSXV under the ticker symbol "SXGC" [1].

As part of the SXG Scheme, three members of SXGC's board of directors, Bruce Griffin, Noora Ahola, and Philip Williams, resigned, and Tom Eadie, David Henstridge, and Georgina Carnegie were appointed as directors [1]. Michael Hudson remains on the board, with Eadie taking on the role of Non-Executive Chairman and Hudson continuing as President & CEO. Nick Demare and Mariana Bermudez retain their positions as CFO and Corporate Secretary, respectively [1].

Eadie's appointment as Non-Executive Chairman and Hudson's continued leadership as President & CEO are strategic moves that reflect the company's commitment to maintaining a strong leadership team. Hudson's experience and expertise, particularly in guiding the company through the critical period leading up to the transformative SXG Scheme, will be invaluable as SXGC continues to grow and develop [1].

References:

[1] Southern Cross Gold Consolidated Ltd. (2025, January 23). Southern Cross Gold Consolidated Ltd. Announces Completion of SXG Scheme and Board Changes. Accesswire. https://www.morningstar.com/news/accesswire/973132msn/southern-cross-gold-consolidated-ltd-announces-completion-of-sxg-scheme-board-changes

[2] Southern Cross Gold Consolidated Ltd. (n.d.). Sunday Creek Gold-Antimony Project. Investor Presentation. https://www.southerncrossgold.com/wp-content/uploads/2022/08/SXGC-Investor-Presentation-Aug-2022.pdf