Southern Cross Gold Consolidated (SX2) Diggers & Dealers Mining Forum 2026 summary

Key project highlights

• Major high-grade gold and antimony discovery at Sunday Creek, located 60 km north of Melbourne, with over 3,500 acres of freehold land and a unique agri-business component.

• Only 10% of the 11 km mineralized corridor has been explored, offering significant upside and optionality for further discoveries.

• 130.6 km drilled to date, with 11 rigs on site expanding to 24 by year-end, targeting a multimillion-ounce, 10 g/t deposit and an exploration target of 3.0–4.6 Moz AuEq at 8.9–12.1 g/t AuEq.

• 93 intersections exceed 100 g/t gold, 110 exceed 10% antimony, with top grades up to 56.5% Sb and 20% of in-situ value from antimony.

• Dual-listed with global institutional and high-profile individual investors; fully funded with AUD 123 million cash and a market capitalization of C$2.3B as of February 2026.

Strategic and operational developments

• Largest pre-development drill program globally, aiming for 200 km total by Q1 2027, with 68 holes pending assay.

• Decline construction underway, 1.2 km to be completed by December 2026, enabling underground expansion and first underground drill platforms.

• Fully funded with A$115M budget for drilling, decline, technical studies, and regional exploration; CAD 60 million allocated to drilling, CAD 30 million to decline, and CAD 20 million to regional exploration.

• Maiden resource expected end of Q1 next year, with technical, metallurgical, geotechnical, and environmental studies ongoing to support economic assessment.

• Step-out and regional exploration will continue across the 11 km corridor and broader license area, with significant optionality along strike.

Market and jurisdictional context

• Victoria has permitted four mines recently, with Sunday Creek’s decline work plan approved in just four months, reflecting a supportive permitting environment.

• Project benefits from a renaissance in both geology and political support in Victoria, with excellent infrastructure including sealed road access, grid power, and proximity to a skilled labor market.

• Antimony is a critical mineral, with 80% of global supply from China and Russia; project aims to be a major western supplier, addressing critical supply gaps.

• Antimony's strategic importance for defense and industrial supply chains is attracting government attention.

• Simple, non-refractory metallurgy with gravity and flotation flow sheet, similar to other regional deposits, and gold recovery rates of 92–96%.