Southern Cross Gold Consolidated (SX2) Nordic Funds & Mines Conference 2025 summary

Project highlights and operational progress

• Sunday Creek is a high-grade, multimillion-ounce gold discovery with 70 drill holes over 100-gram-meters from 98 km of drilling, and a 200 km drill program underway, fully funded with AUD 150 million in the bank.

• Nine rigs are currently operating, expanding to 10 soon and 22 by mid-next year, with all mineral rights and freehold land secured, providing development flexibility.

• The project is located in Victoria, a region with a strong gold mining history and recent permitting momentum, with four mines permitted in the last six months.

• Sunday Creek is recognized as a top-tier discovery, with grades improving at depth and significant exploration upside along a 12 km trend, of which only 10% has been explored.

• The project is dual-listed on ASX and TSX, with a strong shareholder base including leading gold investors holding 30% of the stock.

Resource and exploration outlook

• Current exploration target is 2.2–3.2 million ounces at 8.3–10.6 g/t gold equivalent, with 20% of value from antimony, a critical mineral for Western supply chains.

• Four of the top 10 drill results have come in the last six months, indicating the deposit is improving as drilling progresses deeper.

• Regional exploration is ongoing, with CAD 20 million allocated and two to three rigs focused on expanding beyond the main deposit.

• The decline is in permitting, expected by year-end, and economic studies are planned after the drill program concludes in Q1 2027.

• Metallurgical testing shows favorable results, with gravity and flotation producing marketable, non-refractory gold and antimony products.

Strategic positioning and market context

• Antimony is critical for fire retardants, solar cells, munitions, and semiconductors, with China and Russia controlling over 80% of global supply; the project ranks as a top three Western antimony source.

• The company is exploring government support or offtake agreements for antimony to lower capital costs and support project financing.

• Victoria's supportive permitting environment and proximity to Melbourne enhance project attractiveness and ability to attract talent.

• Management and shareholders are focused on maximizing per-share price, prioritizing strategic decisions that drive share value rather than just market cap.

• Ongoing collaboration and positive relationships with neighboring operators like Agnico Eagle and Mandalay support regional development.