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Southern Cross Gold Consolidated Ltd (ASX:SX2)

ALERT: Price-sensitive ASX Announcement for SX2
Current share price for SX2 : $12.400 3.1 (33.33%)+
Announcement
Release
4 Aug 2026 9:17AM
Price at Release
$9.300
Full Release
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Summary
Southern Cross Gold Consolidated Ltd has updated its Exploration Target at the Sunday Creek Gold-Antimony Project, situated 60 km north of Melbourne, Australia. The target has expanded to 3.0 to 4.6 Moz AuEq at grades of 8.9 to 12.1 g/t AuEq, covering multiple prospects. The project area is notable for its 'Golden Ladder' structure, reflecting significant mineralization over an 11 km strike length. Historical data and geochemical studies indicate good potential for gold and antimony recovery, crucial due to antimony's critical metal status amid global supply challenges. The project advances with a robust drilling program and favorable metallurgical outcomes, positioning SXGC to capitalize on these valuable resources.
Key Points
  • Updated Exploration Target at Sunday Creek is 3.0 to 4.6 Moz AuEq at grades of 8.9 to 12.1 g/t AuEq.
  • The target area covers Christina, Golden Dyke, Rising Sun, Apollo, and Apollo East prospects.
  • The project area is located 60 km north of Melbourne and spans 16,900 hectares of exploration tenements.
  • The mineralization forms a 'Golden Ladder' structure over an 11 km interpreted strike length.
  • Historical production data and current geochemical understanding suggest potential for gold and antimony recovery.
  • Sunday Creek is a critical metal project with antimony being key due to geopolitical supply concerns.
  • The project is part of the Melbourne Structural Zone in the Lachlan Fold Belt.
  • Nine diamond rigs are currently drilling, with a planned total of 200 km of drilling through Q1 2027.
  • Metallurgical test work shows promising recovery rates for gold and antimony.
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.