Southern Cross Gold Consolidated (SX2) Corporate Presentation summary

Project overview and objectives

• Sunday Creek is positioned as a significant and expanding global gold discovery with a focus on high-margin gold production and critical antimony by-product potential.

• The project is 100% owned, with no commercial royalties, and is fully funded with A$20–22 million in cash and all necessary permits secured.

• Drilling operations utilize five diamond rigs, with plans to increase capacity and a 60 km drill program scheduled through Q3 2025.

• The strategy is driven by three objectives: demonstrating grade, volume, and scale, with continuous news flow and a focus on value creation per share.

• The project covers 1,055 ha of freehold land and has reported 167 drill holes totaling 70.7 km, with 55 intersections exceeding 100 AuEq g/t x m.

Exploration results and resource potential

• Sunday Creek is recognized as one of Australia's key Tier 1 & 2 discoveries in the last decade, with potential to become a high-quality producing gold project.

• Maiden exploration target (Jan 2024): 4.4–5.1 Mt at 7.2–9.7 g/t AuEq for 1.0–1.6 Moz AuEq, with significant upside as only 3% of the trend has been tested.

• Top intersections include 1.0 m @ 2,319 g/t AuEq and 20.0 m @ 63.7 g/t AuEq, with 55 hits >100 AuEq g/t x m and 60 hits in the 50–100 range.

• 70 vein sets have been wireframed, with continuity supported by structural data, geostatistics (CV <2), and geological likeness.

• Grade continuity is high, with low coefficients of variation and repeatable assay results, reducing geological risk and cost of capital.

Geology, metallurgy, and mining context

• The project is located in Victoria's Melbourne Zone, a prolific gold region with over 82 Moz historical production and multiple operating mines.

• Mineralization is hosted in subvertical vein arrays and shear veins, with a focus on the brittle to ductile transition zone for high-grade gold-stibnite mineralization.

• Preliminary metallurgy shows non-refractory, free-milling gold with 93–98% recovery using gravity and flotation, and high antimony recovery (87–94%).

• The gold equivalent formula is Au (g/t) + 1.88 × Sb (%), based on analogous Costerfield mine recoveries and pricing.

• The project benefits from proximity to infrastructure and a supportive permitting environment, with Victoria streamlining approvals for critical minerals.