Southern Cross Gold Consolidated (SX2) Noosa Mining Investor Conference summary

Key discoveries and project highlights

• Sunday Creek is a rare, high-grade gold and antimony discovery in Victoria, Australia, with multi-million ounce potential and grades exceeding 10 g/t gold equivalent, recognized as a Tier 1 global greenfield project with strong investor interest.

• The project is fully funded with $170 million (C$150M) raised, has no royalties, and is supported by major institutions, high-net-worth individuals, and strategic advisors.

• The project benefits from a 20% antimony byproduct, making it one of the largest Western antimony deposits, critical for defense and munitions industries, and is positioned for potential US government partnerships.

• Victoria is now considered a top jurisdiction for mine permitting, with recent government initiatives streamlining approvals and supporting critical minerals development.

• Only 5–10% of the mineralized trend has been explored, offering significant upside and optionality for future resource growth.

Exploration and growth strategy

• Ongoing 200 km drill program with eight rigs, expanding to 22 rigs within a year, aims to accelerate resource growth and exploration, with a C$53M budget.

• Monthly resource updates are conducted with SRK, with current exploration targets of 2.2–3.2 million oz at 8.6–10.6 g/t gold equivalent, and the March 2025 target covers up to 3.2 Moz AuEq and 88.2 kt Sb.

• Decline permitting and development (Q1–Q3 2026, C$27M) will allow underground drilling, tripling drilling speed and reducing environmental risk.

• First economic studies and a preliminary economic assessment are planned for Q1–Q2 2027, leveraging rapid drilling and permitting progress.

• The main drill area, Golden Ladder, features over 70 identified vein sets with demonstrated continuity and high-grade mineralization.

Technical and operational advantages

• The deposit features wide, high-grade intersections averaging 2.5–4 m, with some zones up to 10 m, and drilling has delivered some of the world's highest gold-equivalent intercepts.

• Metallurgical testing shows strong recoveries for both gold and antimony (93–98%) using proven gravity and flotation methods, with further optimization planned.

• The project sits on 2,600 acres of freehold land, minimizing development constraints and community impact.

• Infrastructure plans include waste rock piles, offices, and a decline to support underground operations.

• Geological and structural data, including low coefficient of variation and repeatable assays, underpin confidence in grade continuity and resource modeling.