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Southern Cross Gold Consolidated Ltd (ASX:SX2)

ALERT: Price-sensitive ASX Announcement for SX2
Current share price for SX2 : $8.090 -1.57 (-16.25%)+
Announcement
Release
5 May 2026 8:42AM
Price at Release
$9.660
Full Release
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Summary
Southern Cross Gold Consolidated Ltd has awarded PYBAR Mining Services Pty Ltd the contract for the underground exploration decline at the Sunday Creek Gold-Antimony Project. This development follows approvals from Resources Victoria and support from local government. The decline will significantly accelerate drilling activities, expanding from 11 to 24 rigs, and aims to position the Sunday Creek project as one of the world's largest pre-development drill-outs. This strategic initiative strengthens Southern Cross Gold's potential as a significant supplier of critical minerals like antimony and gold.
Key Points
  • PYBAR Mining Services Pty Ltd awarded the underground exploration decline contract for Sunday Creek Gold-Antimony Project.
  • The project is located 60 kilometres north of Melbourne, Victoria.
  • The contract award follows approval from Resources Victoria and endorsement by Premier Jacinta Allan.
  • The decline will accelerate drilling, scaling from 11 surface rigs to 24 rigs working from underground.
  • The decline development includes box cut, portal establishment, primary decline, and initial lateral development.
  • The project aims to augment drilling capacity significantly and expedite project development.
  • Southern Cross Gold Consolidated Ltd is positioned to become a key Western supplier of antimony and gold.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.