projects

Southern cross gold
projects overview

Southern Cross Gold (SXG) operates four exploration projects, three in Victoria and one in Queensland Australia. They are:

Victoria:Sunday CreekRedCastleWhrooQueensland:Mt Isa

Victoria:

SXG - Location map in Victoria

Sunday Creek

100% owned

  • Gold/antimony project 60 km north of Melbourne in central Victoria
  • One of the best new gold exploration discoveries globally in recent times
  • To 30 November 2023, a total of 93 drillholes for 35,011 m at the main Sunday Creek area and 12 holes for 2,367 m drilled regionally have been reported on the property
  • Drilling to +1,100 m depth below known, historic gold mines
  • 31 individual intersections exceeding 50 AuEq g/t x m (“AuEq g/t x width in m”) and 30 individual intersections exceeding 100 AuEq g/t x m reported – globally leading hit rates
  • 1,200 soil samples taken across 11 km length of project
  • 10 km of mineralised extent beyond main drill area where first ever drilling was reported by SXG in October 2023
  • SXG is the freehold landholder of 133.29 ha that form the key portion in and around the main drill area
find out more

Redcastle

Earned 70% JV ownership

  • JV partner Nagambie Resources Ltd
  • Located 2 km along strike north of Mandalay Resource's Costerfield mine - world's 7th highest grade gold mine and 5th largest producer of antimony
  • 24 km east of Agnico Eagle Mines' Fosterville mine - one of the world's highest grade gold mines
  • 17 km of mineralised veins within property that have never been tested at depth
  • 40,000+ historic workings, average previous drilling depth of only 40 m
  • 2,787 m drilled from 16 holes, average depth of 174 m
  • Multiple follow up targets
find out more

Whroo

Earning up to 70% JV ownership

  • JV partner Nagambie Resources Ltd
  • 14 km long historic goldfield with over 40,000 oz previously produced
  • +34,000 historic workings but previously untested to depth
  • First SXG drill hole hit 0.6 m @ 49.7 g/t Au and 0.2 m @ 16.5% Sb, similar widths and grades to Mandalay Resource's Costerfield mine 34 km to the south-west
  • Second bona fide discovery after Sunday Creek
  • Further ground based IP and diamond drilling planned
find out more

Queensland:

SXG - location map in Queensland

Mt Isa

100% owned

  • Exploring for large iron-oxide-copper-gold (IOCG) and Broken Hill type (BHT) or Cannington-style Pb-Zn-Ag deposits
  • Six exploration prospecting licences for 458 km2 of granted exploration licences in the Cloncurry district of Mt Isa
  • 60 km of strike surrounded by South32 Ltd and Sandfire Resources Ltd
  • First drill hole paid for under the Queensland Government’s Collaborative Exploration Initiative reached 849.7 m with basement rocks intersected at 318 m
  • Seven follow up targets identified
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Strategic investment in Nagambie Resources Ltd

SXG holds a strategic 9.2% shareholding in Nagambie Resources Ltd which, for as long as we hold the shares, gives us a right of first refusal over a large 3,000 km2 tenement package held by Nagambie that stretches across central to northern Victoria and provides a unique source of dealflow into the future.‍

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SOUTHERN CROSS GOLD LTD
ABN: 70 652 166 795
Level 21
459 Collins Street
Melbourne Vic 3000
Australia

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For Corporate Enquiries
Justin Mouchacca - Corporate Secretary
p: +61 3 8630 3321
e: jm@southerncrossgold.com.au
‍
For Shareholder Enquiries
Nicholas Mead
p: +61 415 153 122
e: info@southerncrossgold.com.au

For Community Relations
Lisa Gibbons - General Manager
p: 1800 717 638 or (03) 4310 2692
e: community@southerncrossgold.com.au

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