How Southern Cross Gold’s Drilling Unveils High-Grade Gold and Antimony Potential

Financial Overview and Corporate Restructuring

Southern Cross Gold Consolidated Ltd. (ASX, SX2, TSX, SXGC) released its unaudited financial statements for the quarter ended August 31, 2025, reporting a net loss of $925,512. This represents a significant improvement from the previous quarter’s loss of $2.54 million, driven by reduced expenses and increased interest income due to higher cash balances. The company maintains a robust working capital position of nearly $140 million, supporting its ongoing exploration and development activities.

In January 2025, Southern Cross completed a major corporate restructuring, acquiring full ownership of its Australian subsidiary SXG AUS and spinning out its uranium assets. This consolidation has streamlined operations and positioned the company squarely as a gold exploration entity focused on its Victorian projects.

Exploration Highlights at Sunday Creek and Redcastle

The company’s flagship Sunday Creek Project in Victoria, Australia, continues to deliver promising results from an extensive drilling campaign. Over 220 drill holes totaling nearly 98,000 meters have been completed since late 2020, revealing multiple high-grade gold and antimony vein sets. Recent drill results include spectacular intercepts such as 0.2 meters grading 111 g/t gold and 21.6% antimony, and a remarkable 0.2 meters at 504 g/t gold at depth, underscoring the project’s potential.

These veins extend over a 1.5-kilometer strike length with mineralization confirmed at depths exceeding 1,000 meters. The presence of antimony, a critical mineral for energy transition and defense industries, adds strategic value to the project, especially amid tightening global supply constraints.

Market Listings and Strategic Positioning

Southern Cross Gold’s shares graduated to the Toronto Stock Exchange main board on July 2, 2025, and commenced trading on the OTCQX market in August, enhancing the company’s visibility and accessibility to North American investors. The company also remains listed on the Australian Securities Exchange under the ticker SX2. Inclusion in the S&P/ASX 300 and FTSE Russell Global Small Cap indices further elevates its profile among institutional investors.

Environmental, Social, and Governance Initiatives

The company reported zero recordable injuries during the quarter and continues to engage actively with local communities and stakeholders. Environmental monitoring programs are in place at Sunday Creek, and community grants and partnerships underscore Southern Cross Gold’s commitment to social responsibility and sustainable development.

Outlook and Next Steps

With a well-funded treasury and a clear strategic focus on advancing its high-grade gold-antimony projects, Southern Cross Gold is poised to continue its aggressive drilling program aimed at defining an inferred resource by early 2027. The company’s management remains confident in its ability to leverage its assets and market position to create shareholder value amid a tightening critical minerals market.