ASIC Starts Probe Into ASX After Repeated, Serious Failures
The Australian Securities and Investments Commission said it's started a probe into ASX Ltd. following serious and repeated failures.
The inquiry focuses on governance and risk management frameworks and practices across the group, according to an ASIC statement Monday.
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AI Wildfire Detection Startup Raises $44 Million
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18 minutes ago
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Inflection Resources to Acquire Portfolio of Australian Copper-Gold Projects from Newmont Corporation
VANCOUVER, British Columbia, June 16, 2025 (GLOBE NEWSWIRE) -- Inflection Resources Ltd. (CSE: AUCU / OTCQB: AUCUF / FSE: 5VJ) (the 'Company' or 'Inflection') is pleased to announce it has entered into definitive agreement dated June 13, 2025 to acquire an 100% interest in a portfolio of Australian copper-gold exploration projects in New South Wales and the Northern Territory from subsidiaries of Newmont Corporation ('Newmont'). Summary Highlights: Alistair Waddell, Inflection's President and CEO, states: 'We are pleased to announce the acquisition of this high-potential project portfolio, which represents the culmination of an extensive evaluation process. The Tennant East and Bell River projects meet our rigorous selection criteria, particularly regarding the scale and quality of individual exploration targets and concepts. These new projects complement our existing New South Wales portfolio and will be explored in parallel with our current AngloGold Ashanti-funded exploration program. We look forward to applying our systematic, systems-thinking exploration approach to unlock the potential of these projects once the transaction is completed.' Bell River Project – New South Wales: The Bell River tenement (~115 km²) is located approximately 65 km north of Newmont's Cadia mine and 23 km south of the town of Wellington, New South Wales within the Molong Belt of the Macquarie Arc (Figure 1). The Macquarie Arc is the most fertile porphyry copper-gold terrane in Australia, comprising the Junee-Narromine Volcanic Belt which hosts Evolution Mining's Northparkes and Cowal mines and the Molong Volcanic Belt which hosts the Bell River project and Newmont's Cadia mine. The Bell River tenement is largely comprised of the calc-alkaline Mid-Ordovician Fairbridge Volcanics and Oakdale Formation comprising of basaltic to andesitic tuffs, breccias, lavas, latites, and minor sedimentary rocks and limestones which host Alkane Resources Ltd.'s Boda-Kaiser porphyry systems 40 km to the north Reconnaissance mapping and geochemical and spectral surveys by the previous owners have identified significant zones of advanced argillic alteration at several prospects, which are interpreted by Inflection to represent relic porphyry-related lithocaps. At a prospect referred to as Bakers Swamp, the interpreted lithocap is bordered by a zone of propylitic alteration to the west and south and elevated As-Mo-Ag-Ba-Sb-As-S-Se in soil samples. Locally surface rock sampling of intensely silicified andesitic volcanics returned gold values up to 40.8 g/t and 1% copper. At the Bellevue prospect, outcropping silica ridges bordered by pyrophyllite-paragonite-muscovite alteration are accompanied by sporadic outcrops of quartz-chalcopyrite-pyrite cemented hydrothermal breccias. The Bakers Swamp prospect is defined by a broad zone of silica-clay-goethite-limonite alteration that is coincident with a 1.5 km wide aeromagnetic low and copper-in soil anomalism. Mineral assemblages typical of advanced argillic alteration (dickite-alunite-pyrophyllite-zunyite) have been identified by previous explorers. These alteration assemblages are well recognized as representing the upper levels of magmatic-hydrothermal systems and are noted in many porphyry deposits globally. Previous explorers effectively defined the alteration but did not drill test the potential of these zones, leaving significant potential for discovery of copper-gold mineralization at depth. Figure 1: Location map and simplified geological map for the Bell River project Tennant East Project – Northern Territory: The Tennant East project is highly prospective for large-scale IOCG style mineralization. The project comprises twelve individual exploration licenses totalling approximately 4,200 km² located approximately 180 km east of the town of Tennant Creek in Australia's Northern Territory (Figure 2). The project is easily accessible and located on and adjacent to the Barkly Highway, which runs from Tennant Creek to Mount Isa in western Queensland. All targets occur under relatively shallow post-mineral sedimentary cover interpreted to be less than 150 metres thick. The exploration licenses were initially staked by Newcrest Mining as part of a country-scale targeting exercise and only received cursory exploration that returned encouraging early results, including the drilling of thirteen holes into a wide variety of geophysical features. Figure 2: Location map of the Tennant East exploration licenses and major copper-gold and gold mines IOCG deposits represent expressions of large crustal-scale alteration events driven by intrusive activity and are among the world's most significant sources of copper, gold, uranium and critical commodities making them exceptionally valuable mineral systems that often support large-scale, long-life mining operations. The largest known deposit of this type is Olympic Dam, located 560 km north of Adelaide, South Australia with other Australian examples being Prominent Hill, Carrapateena, Ernest Henry and the Tennant Creek district. Other notable global examples include Candelaria in Chile and Salobo in Brazil. These deposits are characterized by an association of copper, gold and uranium with highly elevated iron oxides (hematite and magnetite). The deposits are typically associated with large scale hydrothermal alteration, brecciation and mineralisation controlled by deep-seated faults. These deposits are highly amenable to cost-effective geophysical exploration due to their close association with magnetite and hematite. Inflection's exploration strategy will involve targeting thorough systematic review of previous exploration data, detailed geological interpretation and development of integrated geological, geochemical and geophysical data. Further details regarding the individual targets will be released once the titles have been transferred to Inflection. Newmont Agreement Terms: Bell River Agreement Terms: Inflection will acquire 100% interest in the Bell River project by issuing Newmont 1,000,000 common shares of the Company. Inflection also agrees to pay Newmont a one-time payment of AUD$2.5M upon completion of a JORC or NI43-101 compliant Pre-Feasibility Study and AUD$5.0M upon commencement of commercial production. Newmont shall retain a 2% net smelter return ('NSR') royalty on the project, of which Inflection may purchase 1% NSR for AUD$5.0M at any time. Tennant East Agreement Terms: Inflection will acquire 100% interest in the Tennant East project by issuing Newmont 250,000 common shares of the Company and reimbursement of the 2025-26 tenement renewal fees. Newmont shall retain a 1.5% NSR on the project, of which Inflection may purchase 0.5% NSR for fair market value after completion of a NI43-101 compliant Pre-Feasibility Study. The transactions are expected to close in several weeks upon transfer of the exploration licenses to the Company's wholly owned Australian subsidiary and the share issuance to Newmont. Qualified Person and Sampling Quality Control: The scientific and technical information contained in this news release has been reviewed and approved by Mr. Carl Swensson (FAusIMM), a 'Qualified Person' ('QP') as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Swensson is not independent by reason he is a director of the Company's subsidiary and a shareholder of the Company. About Inflection Resources Ltd. Inflection is a copper-gold focused mineral exploration company listed on the Canadian Securities Exchange under the symbol 'AUCU', on the OTCQB under the symbol 'AUCUF' and on the Frankfurt Stock Exchange under the symbol '5FJ', with projects in New South Wales and the Northern Territory of Australia. For more information, please visit the Company website at Inflection is part of the NewQuest Capital Group which is an entrepreneurial, discovery-driven investment group that builds value through the incubation and financing of early-stage mineral exploration projects globally. Further information about NewQuest can be found at On behalf of the Board of Directors Alistair Waddell President and CEO [email protected] For further information, please contact: Brennan Zerb Investor Relations Manager +1 (778) 867-5016 [email protected] Forward-Looking Statements: This news release includes certain forward-looking statements and forward-looking information (collectively, 'forward-looking statements') within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future capital expenditures, amount of drilling, anticipated content, commencement and cost of exploration programs in respect of the Company's projects and mineral properties, the closing date of the property acquisitions and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as 'pro forma', 'plans', 'expects', 'may', 'should', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', 'believes', 'potential' or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, including the Company's exploration plans. the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the Canadian Securities Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading 'Risk Factors' in the Company's most recently filed annual MD&A and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law. Photos accompanying this announcement are available at
Yahoo
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Southern Cross Gold Drills 3.9 m at 124.6 g/t Gold with Individual Assays up to 2,110 g/t Gold
Systematic Infill Strategy Delivers Results at Sunday Creek Gold-Antimony Project Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - June 16, 2025) - Southern Cross Gold Consolidated Ltd (TSXV: SXGC) (ASX: SX2) (OTC Pink: MWSNF) (FSE: MV3) ("SXGC", "SX2" or the "Company") announces results from three diamond drill holes from the Rising Sun and Apollo prospects, at the 100%-owned Sunday Creek gold-antimony project in Victoria (Figures 1 to 3). The holes demonstrate the power of systematic infill drilling to both reproduce high-grade zones and discover additional mineralization. Four Key Points Exceptional High-Grade Intercepts: SDDSC162: 3.9 m @ 124.9 g/t AuEq (124.6 g/t Au, 0.1% Sb) from 705.9 m in a 28 m down-dip expansion of a high-grade zone at Rising Sun – 10th best interval to date at Sunday Creek Individual assays up to 2,110 g/t Au with 7th best gold assay to date SDDSC164: Fourth +100 g/t sample within 180 m of surface at Apollo prospect Successful Infill Strategy Delivering Results: Two infill holes successfully reproduced high-grade zones and continue to validate geological model Additional vein sets discovered during infill drilling beyond original targets New Near-Surface Discovery: 60 m zone of the prospective near-surface undrilled host discovered east of Golden Orb Fault Adjacent to historic Gladys Mine vein set (104 m strike – longest on project) High-Grade Antimony Confirmed: High-grade antimony-gold combinations: 87.1 g/t Au with 21.6% Sb and 62.3 g/t Au with 20.1% Sb Strategic critical metal amid ongoing Chinese export restrictions Michael Hudson, President & CEO, states: "These results continue to demonstrate the success of our combined systematic infill and expansion drilling strategy. We're not only hitting exceptional grades where our geological model predicts - like the 3.9 m @ 124.6 g/t gold in hole SDDSC162 - but we're consistently discovering additional vein sets beyond our original targets. This validates our geological understanding while proving more mineralization when we infill gaps. "Additionally, we've discovered up 60 m of new near-surface prospective ground adjacent to the historic Gladys Mine which had the longest strike length of a mineralized vein set mined on this field at 104 m. This gives us cost-effective drilling targets in an area with proven historical production, while our high antimony results enhance strategic value. With a treasury of A$170m and the commencement of a drill program surpassing 200 km, we are positioned for accelerated expansion and derisking." FOR THOSE WHO LIKE THE DETAILS Key Take Aways SDDSC162 (Rising Sun): drilled 3.9 m @ 124.9 g/t AuEq, which was located 28 m down-dip from SDDSC144 (3.6 m @ 18.2 g/t AuEq), and 41 m down-dip from SDDSC082 (2.6 m @ 50.9 g/t AuEq) (Figure 3). In total the hole intersected eight known vein sets with three high-grade cores, plus four entirely new vein sets, highlighting how infill drilling continues to discover additional mineralization beyond original interpretations. Highlights included: 2.1 m @ 16.5 g/t AuEq (12.6 g/t Au, 1.7% Sb) from 578.4 m, including: 0.5 m @ 66.6 g/t AuEq (51.9 g/t Au, 6.1% Sb) from 580.0 m 0.4 m @ 499.8 g/t AuEq (499.7 g/t Au, 0.0% Sb) from 655.8 m 3.9 m @ 124.9 g/t AuEq (124.6 g/t Au, 0.1% Sb) from 705.9 m including: 3.1 m @ 155.4 g/t AuEq (155.1 g/t Au, 0.1% Sb) from 706.6 m Seventh highest individual assay: 2,110 g/t Au over 0.1 m SDDSC164 (Apollo) intersected seven mineralized vein sets with two high-grade cores, plus one entirely new vein set, including: 3.5 m @ 11.7 g/t AuEq (5.1 g/t Au, 2.8% Sb) from 223.6 m, including: 0.9 m @ 39.3 g/t AuEq (15.4 g/t Au, 10.0% Sb) from 223.6 m 0.3 m @ 110.3 g/t AuEq (62.3 g/t Au, 20.1% Sb) from 243.5 m 14.4 m @ 5.9 g/t AuEq (3.9 g/t Au, 0.8% Sb) from 252.9 m, including: 2.8 m @ 14.9 g/t AuEq (10.7 g/t Au, 1.8% Sb) from 258.9 m 2.6 m @ 9.0 g/t AuEq (4.9 g/t Au, 1.7% Sb) from 262.9 m Additionally, SDDSC164 delivered antimony grades up to 21.6% Sb, all from shallow depths of 217 m to 243m, demonstrating significant strategic metal value alongside gold mineralization, including: 0.1 m @ 138.7 g/t AuEq (87.1 g/t Au, 21.6% Sb) from 217.9 m 0.9 m @ 39.3 g/t AuEq (15.4 g/t Au, 10.0% Sb) from 223.6 m 0.3 m @ 110.3 g/t AuEq (62.3 g/t Au, 20.1% Sb) from 243.5 m Predictable Geological Model SDDSC159 confirmed a 60 m of new prospective ground discovered adjacent to the historic Gladys Mine Operational Momentum Twenty holes being processed, eight actively drilling 200 km drill program planned through Q1 2027 Drill hole Discussion Results from three diamond drill holes SDDSC159, SDDSC164, and SDDSC162 from the Rising Sun and Apollo prospects demonstrate the effectiveness of the Company's systematic infill drilling approach. Rising Sun Area SDDSC162 delivered exceptional results with the tenth best interval drilled at Sunday Creek, intercepting 3.9 m @ 124.9 g/t AuEq (124.6 g/t Au, 0.1% Sb) from 705.9 m, including higher grades with individual assays up to 2,110 g/t Au (Figures 1 to 3). This hole was strategically drilled 28 m down-dip from SDDSC144 (3.6 m @ 18.2 g/t AuEq), and 41 m down-dip from SDDSC082 (2.6 m @ 50.9 g/t AuEq), with all intercepts exhibiting clear geologically similar features and consistent structural orientations in the RS17 Vein set, demonstrating the predictability of the geological model (Figure 4). The drillhole intersected eight known vein sets with three high-grade cores, plus four entirely new vein sets, highlighting how infill drilling continues to discover additional mineralization beyond original interpretations. Extended highlights include: 2.1 m @ 16.5 g/t AuEq (12.6 g/t Au, 1.7% Sb) from 578.4 m, including: 0.5 m @ 66.6 g/t AuEq (51.9 g/t Au, 6.1% Sb) from 580.0 m 0.2 m @ 39.8 g/t AuEq (25.3 g/t Au, 6.1% Sb) from 593.0 m 2.5 m @ 5.8 g/t AuEq (5.6 g/t Au, 0.1% Sb) from 603.1 m, including: 0.1 m @ 82.3 g/t AuEq (81.9 g/t Au, 0.2% Sb) from 604.0 m 7.0 m @ 4.0 g/t AuEq (3.9 g/t Au, 0.0% Sb) from 607.7 m, including: 1.9 m @ 11.0 g/t AuEq (10.9 g/t Au, 0.0% Sb) from 608.9 m 0.3 m @ 19.7 g/t AuEq (19.0 g/t Au, 0.3% Sb) from 617.9 m 4.7 m @ 5.3 g/t AuEq (5.1 g/t Au, 0.1% Sb) from 628.8 m, including: 0.1 m @ 228.0 g/t AuEq (228.0 g/t Au, 0.0% Sb) from 632.9 m 0.4 m @ 499.8 g/t AuEq (499.7 g/t Au, 0.0% Sb) from 655.8 m 0.3 m @ 110.6 g/t AuEq (108.0 g/t Au, 1.1% Sb) from 672.9 m 10.2 m @ 3.4 g/t AuEq (3.3 g/t Au, 0.1% Sb) from 686.3 m, including: 1.2 m @ 18.6 g/t AuEq (18.5 g/t Au, 0.1% Sb) from 695.4 m 0.4 m @ 29.6 g/t AuEq (29.5 g/t Au, 0.0% Sb) from 698.6 m, including: 0.2 m @ 46.2 g/t AuEq (46.2 g/t Au, 0.0% Sb) from 698.8 m 3.9 m @ 124.9 g/t AuEq (124.6 g/t Au, 0.1% Sb) from 705.9 m, including: 3.1 m @ 155.4 g/t AuEq (155.1 g/t Au, 0.1% Sb) from 706.6 m 0.1 m @ 48.3 g/t AuEq (48.2 g/t Au, 0.0% Sb) from 723.8 m 3.5 m @ 2.0 g/t AuEq (1.6 g/t Au, 0.2% Sb) from 743.3 m 2.3 m @ 5.4 g/t AuEq (5.4 g/t Au, 0.0% Sb) from 775.1 m, including: 0.5 m @ 19.6 g/t AuEq (19.6 g/t Au, 0.0% Sb) from 776.1 m 1.0 m @ 7.8 g/t AuEq (7.6 g/t Au, 0.1% Sb) from 798.3 m Apollo Area SDDSC164 confirmed the infill strategy by intersecting seven mineralized vein sets with two high-grade cores, plus one entirely new vein set. The hole demonstrated consistent mineralization along strike with a 42 m along-strike extension of the A30 vein set. High-grade gold intercepts include 0.2 m @ 111 g/t Au from 259.3 m (170 m vertically below surface), representing the fourth +100 g/t Au sample interval within 180 m of surface at Apollo. Extended highlights include: 1.9 m @ 16.5 g/t AuEq (14.4 g/t Au, 0.9% Sb) from 198.0 m 0.5 m @ 14.1 g/t AuEq (7.1 g/t Au, 2.9% Sb) from 207.3 m, including: 0.8 m @ 10.7 g/t AuEq (5.5 g/t Au, 2.2% Sb) from 207.3 m 4.5 m @ 1.5 g/t AuEq (0.5 g/t Au, 0.4% Sb) from 210.8 m, including: 0.1 m @ 138.7 g/t AuEq (87.1 g/t Au, 21.6% Sb) from 217.9 m 0.6 m @ 29.5 g/t AuEq (19.4 g/t Au, 4.2% Sb) from 217.9 m 3.5 m @ 11.7 g/t AuEq (5.1 g/t Au, 2.8% Sb) from 223.6 m, including: 0.9 m @ 39.3 g/t AuEq (15.4 g/t Au, 10.0% Sb) from 223.6 m 0.3 m @ 110.3 g/t AuEq (62.3 g/t Au, 20.1% Sb) from 243.5 m 14.4 m @ 5.9 g/t AuEq (3.9 g/t Au, 0.8% Sb) from 252.9 m, including: 2.8 m @ 14.9 g/t AuEq (10.7 g/t Au, 1.8% Sb) from 258.9 m 2.6 m @ 9.0 g/t AuEq (4.9 g/t Au, 1.7% Sb) from 262.9 m 3.6 m @ 1.4 g/t AuEq (1.2 g/t Au, 0.1% Sb) from 278.2 m 3.1 m @ 2.8 g/t AuEq (1.8 g/t Au, 0.4% Sb) from 292.1 m High-grade antimony results include three individual high-grade assays: 0.1 m @ 138.7 g/t AuEq (87.1 g/t Au, 21.6% Sb) from 217.9 m 0.9 m @ 39.3 g/t AuEq (15.4 g/t Au, 10.0% Sb) from 223.6 m 0.3 m @ 110.3 g/t AuEq (62.3 g/t Au, 20.1% Sb) from 243.5 m SDDSC159 drilled as geological control hole to test the near surface fault offset of the dyke and altered sediment proximal to the Golden Orb fault successfully confirmed the fault offset position and discovered up 60 m of prospective dyke and altered sediment to the east of the Golden Orb Fault (Figures 1 and 5). This discovery is adjacent to the historic Gladys Mine, which had the longest vein set mined on the project at 104 m, suggesting significant potential for near-surface mineralization in this newly identified area. Highlights included 0.8 m @ 2.9 g/t AuEq (2.8 g/t Au) from 86.7 m. Pending Results and Update The drilling program continues to advance with twenty holes (SDDSC160, 160W1, 160W2, 163, 163A 165-180, 168W1, 169A, 169AW1 and 178) currently being processed and analysed. Eight additional holes (SDDSC170A, 174A, 175, 176, 177, 178w1, 180, 183) are actively being drilled (Figure 2). The drilling strategy employs a systematic approach to intersect both the dyke host structure ("ladder rails") and associated mineralized vein sets ("ladder rungs") at optimal angles, continuing to expand the project's mineralized footprint while improving geological understanding of the system. About Sunday Creek The Sunday Creek epizonal-style gold project is located 60 km north of Melbourne within 16,900 hectares ("Ha") of granted exploration tenements. SXGC is also the freehold landholder of 1,054.51 Ha that forms the key portion in and around the main drilled area at the Sunday Creek Project. Cumulatively, 176 drill holes for 84,151.0 m have been reported from Sunday Creek since late 2020. Five holes for 929 m have been drilled for geotechnical purposes. An additional 14 holes for 832.0 m from Sunday Creek were abandoned due to deviation or hole conditions. Fourteen drillholes for 2,383 m have been reported regionally outside of the main Sunday Creek drill area. A total of 64 historic drill holes for 5,599 m were completed from the late 1960s to 2008. The project now contains a total of sixty-six (66) >100 g/t AuEq x m and seventy-three (73) >50 to 100 g/t AuEq x m drill holes by applying a 2 m @ 1 g/t AuEq lower cut. Our systematic drill program is strategically targeting these significant high-grade vein formations. Initially these have been defined over 1,500 m strike of the host from Christina to Apollo prospects, of which approximately 620 m have been more intensively drill tested (Rising Sun to Apollo). At least 77 'rungs' have been defined to date, defined by high-grade intercepts (20 g/t to >7,330 g/t Au) along with lower grade edges. Ongoing step-out drilling is aiming to uncover the potential extent of this mineralized system (Figures 1 to 3). Geologically, the project is located within the Melbourne Structural Zone in the Lachlan Fold Belt. The regional host to the Sunday Creek mineralization is an interbedded turbidite sequence of siltstones and minor sandstones metamorphosed to sub-greenschist facies and folded into a set of open north-west trending folds. Further Information Further discussion and analysis of the Sunday Creek project is available through the interactive Vrify 3D animations, presentations and videos all available on the SXGC website. These data, along with an interview on these results with Michael Hudson, President & CEO, can be viewed at No upper gold grade cut is applied in the averaging and intervals are reported as drill thickness. However, during future Mineral Resource studies, the requirement for assay top cutting will be assessed. The Company notes that due to rounding of assay results to one significant figure, minor variations in calculated composite grades may occur. Figures 1 to 7 show project location, plan, longitudinal views and analysis of drill results reported here and Tables 1 to 3 provide collar and assay data. The true thickness of the mineralized intervals reported is approximately 50% to 75% of the sampled thickness for other reported holes. Lower grades were cut at 1.0 g/t AuEq lower cutoff over a maximum width of 2 m with higher grades cut at 5.0 g/t AuEq lower cutoff over a maximum of 1 m width. Critical Metal Epizonal Gold-Antimony Deposits Sunday Creek (Figure 6 and 7) is an epizonal gold-antimony deposit formed in the late Devonian (like Fosterville, Costerfield and Redcastle), 60 million years later than mesozonal gold systems formed in Victoria (for example Ballarat and Bendigo). Epizonal deposits are a form of orogenic gold deposit classified according to their depth of formation: epizonal (<6 km), mesozonal (6-12 km) and hypozonal (>12 km). Epizonal deposits in Victoria often have associated high levels of the critical metal, antimony, and Sunday Creek is no exception. China claims a 56 per cent share of global mined supplies of antimony, according to a 2023 European Union study. Antimony features highly on the critical minerals lists of many countries including Australia, the United States of America, Canada, Japan and the European Union. Australia ranks seventh for antimony production despite all production coming from a single mine at Costerfield in Victoria, located nearby to all SXG projects. Antimony alloys with lead and tin which results in improved properties for solders, munitions, bearings and batteries. Antimony is a prominent additive for halogen-containing flame retardants. Adequate supplies of antimony are critical to the world's energy transition, and to the high-tech industry, especially the semi-conductor and defence sectors where it is a critical additive to primers in munitions. Antimony represents approximately 21% to 24% in situ recoverable value of Sunday Creek at an AuEq of 2.39 ratio. In August 2024, the Chinese government announced it would place export limits from September 15, 2024 on antimony and antimony products. This puts pressure on Western defence supply chains and negatively affects the supply of the metal and pushes up pricing given China's dominance of the supply of the metal in the global markets. This is positive for SXGC as we are likely to have one of the very few large and high-quality projects of antimony in the western world that can feed western demand into the future. Antimony Exempt from Executive Order on Reciprocal Tariffs Southern Cross Gold Consolidated notes that antimony ores and concentrates (HTSUS code 26171000) are exempt from the April 2, 2025 US Executive Order on Reciprocal Tariffs. The exemption covers antimony ores and concentrates as well as unwrought antimony, antimony powders, antimony waste and scrap, and articles of antimony (HTSUS codes 81101000, 81102000, and 81109000). About Southern Cross Gold Consolidated Ltd. (TSXV: SXGC) (ASX: SX2) Southern Cross Gold Consolidated Ltd. (TSXV: SXGC) (ASX: SX2) controls the Sunday Creek Gold-Antimony Project located 60 km north of Melbourne, Australia. Sunday Creek has emerged as one of the Western world's most significant gold and antimony discoveries, with exceptional drilling results including 66 intersections exceeding 100 g/t AuEq x m from just 84 km of drilling. The mineralization follows a "Golden Ladder" structure over 12 km of strike length, with confirmed continuity from surface to 1,100 m depth. Sunday Creek's strategic value is enhanced by its dual-metal profile, with antimony contributing approximately 20 % of the in-situ value alongside gold. This has gained increased significance following China's export restrictions on antimony, a critical metal for defense and semiconductor applications. Southern Cross' inclusion in the US Defense Industrial Base Consortium (DIBC) and Australia's AUKUS-related legislative changes position it as a potential key Western antimony supplier. Importantly, Sunday Creek can be developed primarily based on gold economics, which reduces antimony-related risks while maintaining strategic supply potential. Technical fundamentals further strengthen the investment case, with preliminary metallurgical work showing non-refractory mineralization suitable for conventional processing and gold recoveries of 93-98% through gravity and flotation. With a strong cash position, over 1,000 Ha of strategic freehold land ownership, and a large 60 km drill program planned through Q3 2025, SXGC is well-positioned to advance this globally significant gold-antimony discovery in a tier-one jurisdiction. NI 43-101 Technical Background and Qualified Person Michael Hudson, President and CEO and Managing Director of SXGC, and a Fellow of the Australasian Institute of Mining and Metallurgy, and Mr Kenneth Bush, Exploration Manager of SXGC and a RPGeo (10315) of the Australian Institute of Geoscientists, are the Qualified Persons as defined by the NI 43-101. They have prepared, reviewed, verified and approved the technical contents of this release. Analytical samples are transported to the Bendigo facility of On Site Laboratory Services ("On Site") which operates under both an ISO 9001 and NATA quality systems. Samples were prepared and analyzed for gold using the fire assay technique (PE01S method; 25 g charge), followed by measuring the gold in solution with flame AAS equipment. Samples for multi-element analysis (BM011 and over-range methods as required) use aqua regia digestion and ICP-MS analysis. The QA/QC program of Southern Cross Gold consists of the systematic insertion of certified standards of known gold and antimony content, blanks within interpreted mineralized rock and quarter core duplicates. In addition, On Site inserts blanks and standards into the analytical process. SXGC considers that both gold and antimony that are included in the gold equivalent calculation ("AuEq") have reasonable potential to be recovered at Sunday Creek, given current geochemical understanding, historic production statistics and geologically analogous mining operations. Historically, ore from Sunday Creek was treated onsite or shipped to the Costerfield mine, located 54 km to the northwest of the project, for processing during WW1. The Costerfield mine corridor, now owned by Mandalay Resources Ltd contains two million ounces of equivalent gold (Mandalay Q3 2021 Results), and in 2020 was the sixth highest-grade global underground mine and a top 5 global producer of antimony. SXGC considers that it is appropriate to adopt the same gold equivalent variables as Mandalay Resources Ltd in its 2024 End of Year Mineral Reserves and Resources Press Release, dated February 20, 2025. The gold equivalence formula used by Mandalay Resources was calculated using Costerfield's 2024 production costs, using a gold price of US$2,500 per ounce, an antimony price of US$19,000 per tonne and 2024 total year metal recoveries of 91% for gold and 92% for antimony, and is as follows: AuEq = Au (g/t) + 2.39 x Sb (%) Based on the latest Costerfield calculation and given the similar geological styles and historic toll treatment of Sunday Creek mineralization at Costerfield, SXGC considers that a AuEq = Au (g/t) + 2.39 x Sb (%) is appropriate to use for the initial exploration targeting of gold-antimony mineralization at Sunday Creek. JORC Competent Person Statement Information in this announcement that relates to new exploration results contained in this report is based on information compiled by Mr Kenneth Bush and Mr Michael Hudson. Mr Bush is a Member of Australian Institute of Geoscientists and a Registered Professional Geologist and Member of the Australasian Institute of Mining and Metallurgy and Mr Hudson is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Bush and Mr Hudson each have sufficient experience relevant to the style of mineralization and type of deposit under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Bush is Exploration Manager and Mr Hudson is President, CEO and Managing Director of Southern Cross Gold Consolidated Ltd. and both consent to the inclusion in the report of the matters based on their information in the form and context in which it appears. Certain information in this announcement that relates to prior exploration results is extracted from the Independent Geologist's Report dated 11 December 2024 which was issued with the consent of the Competent Person, Mr Steven Tambanis. The report is included in the Company's prospectus dated 11 December 2024 and is available at under code "SX2". The Company confirms that it is not aware of any new information or data that materially affects the information related to exploration results included in the original market announcement. The Company confirms that the form and context of the Competent Persons' findings in relation to the report have not been materially modified from the original market announcement. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original document/announcement and the Company confirms that the form and context in which the Competent Person's findings are presented have not materially modified from the original market announcement. - Ends - This announcement has been approved for release by the Board of Southern Cross Gold Consolidated Ltd. For further information, please contact:Mariana Bermudez - Corporate Secretary - Canadambermudez@ or +1 604 685 9316Executive Office: 1305 - 1090 West Georgia Street Vancouver, BC, V6E 3V7, Canada Nicholas Mead - Corporate Developmentinfo@ or +61 415 153 122 Justin Mouchacca, Company Secretary - Australiajm@ or +61 3 8630 3321Subsidiary Office: Level 21, 459 Collins Street, Melbourne, VIC, 3000, Australia Forward-Looking Statement This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements include words or expressions such as "proposed", "will", "subject to", "near future", "in the event", "would", "expect", "prepared to" and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include general business, economic, competitive, political, social uncertainties; the state of capital markets, unforeseen events, developments, or factors causing any of the expectations, assumptions, and other factors ultimately being inaccurate or irrelevant; and other risks described in the Company's documents filed with Canadian or Australian securities regulatory authorities (under code SX2). You can find further information with respect to these and other risks in filings made by the Company with the securities regulatory authorities in Canada or Australia (under code SX2), as applicable, and available for the Company in Canada at or in Australia at (under code SX2). Documents are also available at The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the Australian Securities Exchange accepts responsibility for the adequacy or accuracy of this release. Figure 1: Sunday Creek plan view showing selected results from holes SDDSC159, SDDSC164, and SDDSC162 reported here (dark blue highlighted box, black trace), with selected prior reported drill holes. To view an enhanced version of this graphic, please visit: Figure 2: Sunday Creek plan view showing selected drillhole traces from holes SDDSC159, SDDSC164, and SDDSC162 reported here (black trace), with prior reported drill holes (grey trace) and currently drilling and assays pending hole traces (dark blue). To view an enhanced version of this graphic, please visit: Figure 3: Sunday Creek longitudinal section across A-B in the plane of the dyke breccia/altered sediment host looking towards the north (striking 236 degrees) showing mineralized veins sets. Showing holes SDDSC159, SDDSC164, and SDDSC162 reported here (dark blue highlighted box, black trace), with selected intersections and prior reported drill holes. The vertical extents of the vein sets are limited by proximity to drill hole pierce points. To view an enhanced version of this graphic, please visit: Figure 4: Inclined long section (20 metres influence) across C-D in the plane of vein set RS17. Section strike 170 degrees. To view an enhanced version of this graphic, please visit: Figure 5: Plan view showing SDDSC159 geological control hole confirming fault offset and new 60m prospective zone adjacent to the historic Gladys mine. To view an enhanced version of this graphic, please visit: Figure 6: Sunday Creek regional plan view showing soil sampling, structural framework, regional historic epizonal gold mining areas and broad regional areas tested by 12 holes for 2,383 m drill program. The regional drill areas are at Tonstal, Consols and Leviathan located 4,000-7,500 m along strike from the main drill area at Golden Dyke- Apollo. To view an enhanced version of this graphic, please visit: Figure 7: Location of the Sunday Creek project, along with the 100% owned Redcastle Gold-Antimony Project To view an enhanced version of this graphic, please visit: Table 1: Drill collar summary table for recent drill holes in progress. Hole ID Depth (m) Prospect East North Elevation Azimuth Dip GDA94 Z55 GDA94 Z55 GDA94 Z55 This Release SDDSC159 145.2 Apollo 330875.1 5867762 308.2 59.5 -29 SDDSC162 1049.5 Rising Sun 330339.8 5867861 276.8 74.1 -59.6 SDDSC164 336.7 Apollo 330874.7 5867761 308.1 76.7 -40.2 Currently being processed and analysed SDDSC160 725.1 Christina 330753 5867733 307 270.5 -45.5 SDDSC160W1 784.2 Christina 330753 5867731 307 270.9 -43.2 SDDSC160W2 1081.2 Christina 330753 5867731 307 270.5 -45.5 SDDSC163 200.4 Apollo 331616 5867952 347 261.8 -51.6 SDDSC163A 1058.1 Apollo 331616 5867952 347 258.3 -57.6 SDDSC165 101.4 Christina 330217 5867666 269 348.3 -42.3 SDDSC166 619.9 Christina 330218 5867666 269 260.8 -35.4 SDDSC167 404.8 Christina 331833 5868090 348 214.2 -41.8 SDDSC168 712.2 Golden Dyke 330946 5868008 314 251.6 -50.2 SDDSC168W1 892.5 Golden Dyke 330946 5868008 314 252.4 -50.2 SDDSC169 68.6 Rising Sun 330339 5867860 276 76.3 -56 SDDSC169A 355.3 Rising Sun 330339 5867860 276 74.7 -55.6 SDDSC169AW1 731.4 Rising Sun 330339 5867860 276 74.2 -55.6 SDDSC170 305.2 Apollo 331616 5867952 347 267.5 -51.9 SDDSC170A 1039.2 Apollo 331616 5867952 347 260.3 -56.5 SDDSC171 632.2 Golden Dyke 330773 5867894 295 255.5 -48.6 SDDSC172 698.6 Christina 330218 5867666 269 264.1 -45.8 SDDSC173 787.4 Golden Dyke 330753 5867733 307 268.9 -38.2 SDDSC174 445.3 Apollo 331603 5867941 346 262.3 -46.7 SDDSC174A In progress plan 950 Apollo 331603 5867941 346 261.1 -44.7 SDDSC175 In progress plan 430 m Christina 330218 5867666 269 64.2 -33.2 SDDSC176 In progress plan 880 m Golden Dyke 330951 5868007 314 252.4 -55.4 SDDSC177 In progress plan 655 m Golden Dyke 330774.6 5867891 293 257.4 -53.4 SDDSC178 353.3 Rising Sun 330338.7 5867860 277 78 -45.3 SDDSC178W1 In progress plan 720 m Rising Sun 330338.7 5867860 277 78.7 -45.3 SDDSC179 In progress plan 400 m Apollo 331464.7 5867865 333 262.8 -41.2 SDDSC180 In progress plan 1100 m Christina 330752.3 5867733 346 272.3 -45.5 SDDSC183 In progress plan 350 m Regional 329715.7 5867445 299.7 340 -40 Table 2: Table of mineralized drill hole intersections reported from SDDSC159, SDDSC162, and SDDSC164 with two cutoff criteria. Lower grades cut at 1.0 g/t AuEq lower cutoff over a maximum of 2 m with higher grades cut at 5.0 g/t AuEq cutoff over a maximum of 1 m. Significant intersections and interval depths are rounded to one decimal place. Hole-ID From (m) To (m) Length (m) Au g/t Sb% AuEq g/t SDDSC159 86.7 87.5 0.8 2.8 0.0 2.9 SDDSC162 540.1 541.7 1.6 1.3 0.0 1.4 SDDSC162 578.4 580.5 2.1 12.6 1.7 16.5 Including 580 580.5 0.5 51.9 6.1 66.6 SDDSC162 593 593.2 0.2 25.3 6.1 39.8 SDDSC162 603.1 605.6 2.5 5.6 0.1 5.8 Including 604 604.1 0.1 81.9 0.2 82.3 SDDSC162 607.7 614.7 7.0 3.9 0.0 4.0 Including 608.9 610.8 1.9 10.9 0.0 11.0 SDDSC162 617.9 618.2 0.3 19.0 0.3 19.7 SDDSC162 628.8 633.5 4.7 5.1 0.1 5.3 Including 632.9 633 0.1 228.0 0.0 228.0 SDDSC162 646.4 648.5 2.1 0.7 0.2 1.1 SDDSC162 655.8 656.2 0.4 499.7 0.0 499.8 SDDSC162 672.9 673.2 0.3 108.0 1.1 110.6 SDDSC162 686.3 696.5 10.2 3.3 0.1 3.4 Including 695.4 696.6 1.2 18.5 0.1 18.6 SDDSC162 698.6 699 0.4 29.5 0.0 29.6 Including 698.8 699 0.2 46.2 0.0 46.2 SDDSC162 701.1 703.1 2.0 1.7 0.0 1.7 SDDSC162 705.9 709.8 3.9 124.6 0.1 124.9 Including 706.6 709.8 3.1 155.1 0.1 155.4 SDDSC162 723.8 723.9 0.1 48.2 0.0 48.3 SDDSC162 743.3 746.8 3.5 1.6 0.2 2.0 SDDSC162 775.06 777.36 2.3 5.4 0.0 5.4 Including 776.12 776.62 0.5 19.6 0.0 19.6 SDDSC162 798.3 799.3 1.0 7.6 0.1 7.8 SDDSC164 184.5 188.3 3.8 0.9 0.1 1.0 SDDSC164 198 199.9 1.9 14.4 0.9 16.5 Including 207.3 207.8 0.5 7.1 2.9 14.1 SDDSC164 207.3 208.1 0.8 5.5 2.2 10.7 SDDSC164 210.8 215.3 4.5 0.5 0.4 1.5 Including 217.9 218 0.1 87.1 21.6 138.7 SDDSC164 217.9 218.5 0.6 19.4 4.2 29.5 Including 223.6 224.5 0.9 15.4 10.0 39.3 SDDSC164 223.6 227.1 3.5 5.1 2.8 11.7 SDDSC164 234.9 235.8 0.9 1.4 0.5 2.6 SDDSC164 243.5 243.8 0.3 62.3 20.1 110.3 SDDSC164 252.9 267.3 14.4 3.9 0.8 5.9 Including 258.9 261.7 2.8 10.7 1.8 14.9 Including 262.9 265.5 2.6 4.9 1.7 9.0 SDDSC164 278.2 281.8 3.6 1.2 0.1 1.4 SDDSC164 292.1 295.2 3.1 1.8 0.4 2.8 SDDSC164 329.4 331.7 2.3 1.8 0.0 1.8 Table 3: All individual assays reported from SDDSC159, SDDSC162 and SDDSC164 reported here >0.1g/t AuEq. Individual assay and sample intervals are reported to two decimal places. Hole number From (m) To (m) Length (m) Au g/t Sb% AuEq (g/t) SDDSC159 86.65 86.88 0.23 4.61 0.03 4.68 SDDSC159 86.88 87.40 0.52 2.04 0.01 2.07 SDDSC159 96.50 96.93 0.43 1.44 0.00 1.45 SDDSC159 101.05 101.34 0.29 1.12 0.00 1.13 SDDSC162 540.10 540.21 0.11 3.95 0.01 3.98 SDDSC162 540.68 541.67 0.99 1.33 0.02 1.38 SDDSC162 555.77 555.95 0.18 5.83 0.00 5.84 SDDSC162 567.65 567.96 0.31 1.21 0.01 1.23 SDDSC162 578.35 578.50 0.15 1.36 2.01 6.16 SDDSC162 579.13 579.58 0.45 0.78 0.22 1.31 SDDSC162 579.58 579.95 0.37 3.62 0.40 4.58 SDDSC162 579.95 580.41 0.46 51.9 6.13 66.55 SDDSC162 587.31 587.41 0.10 11.8 0.00 11.81 SDDSC162 592.95 593.12 0.17 25.3 6.07 39.81 SDDSC162 603.07 603.40 0.33 1.35 0.06 1.50 SDDSC162 604.02 604.15 0.13 81.9 0.17 82.31 SDDSC162 604.15 604.68 0.53 0.85 0.08 1.04 SDDSC162 604.68 605.04 0.36 3.56 0.23 4.11 SDDSC162 605.04 605.27 0.23 1.7 0.05 1.81 SDDSC162 605.27 605.52 0.25 1.55 0.05 1.68 SDDSC162 607.73 608.24 0.51 2.01 0.01 2.03 SDDSC162 608.24 608.92 0.68 4.43 0.03 4.49 SDDSC162 608.92 609.26 0.34 6.19 0.02 6.23 SDDSC162 609.26 609.40 0.14 17.1 0.02 17.15 SDDSC162 609.64 610.38 0.74 1.23 0.04 1.32 SDDSC162 610.38 610.79 0.41 36.2 0.05 36.33 SDDSC162 612.50 612.98 0.48 1.59 0.02 1.63 SDDSC162 612.98 613.15 0.17 1.03 0.39 1.96 SDDSC162 614.30 614.74 0.44 0.83 0.23 1.38 SDDSC162 617.93 618.18 0.25 19 0.29 19.69 SDDSC162 621.41 621.51 0.10 1.18 0.02 1.23 SDDSC162 623.13 623.25 0.12 1.95 0.14 2.28 SDDSC162 623.50 623.96 0.46 1.45 0.19 1.90 SDDSC162 628.75 628.91 0.16 1.02 0.32 1.78 SDDSC162 630.92 631.02 0.10 0.58 0.60 2.01 SDDSC162 632.94 633.04 0.10 228 0.01 228.03 SDDSC162 633.38 633.48 0.10 0.88 0.45 1.96 SDDSC162 646.37 647.28 0.91 1.09 0.34 1.90 SDDSC162 648.16 648.48 0.32 0.97 0.03 1.04 SDDSC162 655.82 655.99 0.17 721 0.01 721.03 SDDSC162 655.99 656.25 0.26 355 0.05 355.12 SDDSC162 658.68 658.85 0.17 2.4 0.01 2.42 SDDSC162 672.94 673.20 0.26 108 1.10 110.63 SDDSC162 680.51 680.78 0.27 1.69 0.03 1.75 SDDSC162 684.02 684.22 0.20 2.43 0.06 2.56 SDDSC162 686.31 686.53 0.22 4.27 0.14 4.60 SDDSC162 687.84 688.03 0.19 11.4 0.07 11.56 SDDSC162 688.82 689.15 0.33 0.98 0.13 1.29 SDDSC162 689.32 689.81 0.49 1.35 0.16 1.73 SDDSC162 689.81 690.09 0.28 1.82 0.05 1.93 SDDSC162 690.79 691.43 0.64 1.64 0.02 1.69 SDDSC162 691.43 691.96 0.53 6.18 0.09 6.40 SDDSC162 692.82 693.24 0.42 0.9 0.18 1.33 SDDSC162 694.50 695.13 0.63 1.02 0.02 1.06 SDDSC162 695.40 695.94 0.54 7.24 0.02 7.29 SDDSC162 696.45 696.55 0.10 171 0.07 171.16 SDDSC162 698.63 698.77 0.14 2.15 0.01 2.18 SDDSC162 698.77 699.00 0.23 46.2 0.01 46.23 SDDSC162 701.14 701.50 0.36 1.84 0.01 1.87 SDDSC162 701.50 702.22 0.72 2.98 0.02 3.03 SDDSC162 702.87 703.11 0.24 1.43 0.08 1.61 SDDSC162 705.85 706.53 0.68 2.65 0.01 2.68 SDDSC162 706.53 706.63 0.10 1.1 0.25 1.70 SDDSC162 706.63 706.76 0.13 166 1.02 168.44 SDDSC162 706.76 707.11 0.35 1.36 0.02 1.41 SDDSC162 707.11 707.21 0.10 2110 1.57 2643.75 SDDSC162 707.21 708.02 0.81 11 0.02 11.05 SDDSC162 708.20 708.47 0.27 6.32 0.02 6.37 SDDSC162 708.47 708.64 0.17 433 0.04 425.08 SDDSC162 708.64 708.90 0.26 15.1 0.04 15.20 SDDSC162 708.90 709.01 0.11 1.5 0.02 1.54 SDDSC162 709.01 709.12 0.11 0.98 0.01 1.01 SDDSC162 709.12 709.38 0.26 6.57 0.02 6.62 SDDSC162 709.38 709.66 0.28 534 0.03 510.08 SDDSC162 709.66 709.76 0.10 126 0.01 126.03 SDDSC162 719.53 719.63 0.10 5.57 0.44 6.62 SDDSC162 721.80 721.90 0.10 0.61 0.48 1.76 SDDSC162 723.83 723.93 0.10 48.2 0.02 48.25 SDDSC162 731.37 731.51 0.14 3.36 0.01 3.38 SDDSC162 743.26 743.78 0.52 4.03 0.24 4.60 SDDSC162 743.78 744.16 0.38 1.68 0.05 1.80 SDDSC162 744.16 744.49 0.33 1.41 0.17 1.82 SDDSC162 745.48 745.62 0.14 5.38 0.39 6.31 SDDSC162 745.62 745.96 0.34 0.57 0.34 1.38 SDDSC162 745.96 746.12 0.16 1.19 1.02 3.63 SDDSC162 746.12 746.61 0.49 1.5 0.13 1.81 SDDSC162 746.61 746.73 0.12 2.34 0.01 2.37 SDDSC162 752.14 752.25 0.11 0.95 0.21 1.45 SDDSC162 754.05 754.15 0.10 5.2 0.01 5.23 SDDSC162 766.69 767.01 0.32 1.07 0.09 1.28 SDDSC162 767.14 767.33 0.19 3.22 0.05 3.34 SDDSC162 775.06 776.12 1.06 1.3 0.06 1.45 SDDSC162 776.12 776.64 0.52 19.6 0.01 19.63 SDDSC162 776.64 777.36 0.72 1.04 0.01 1.06 SDDSC162 798.28 798.86 0.58 5.47 0.16 5.85 SDDSC162 798.86 798.99 0.13 1.27 0.04 1.35 SDDSC162 798.99 799.30 0.31 14.2 0.03 14.27 SDDSC162 816.09 816.54 0.45 1.68 0.03 1.76 SDDSC162 816.54 816.84 0.30 0.64 0.49 1.81 SDDSC162 820.09 820.67 0.58 0.93 0.05 1.05 SDDSC162 820.67 821.09 0.42 1.19 0.08 1.39 SDDSC162 830.05 830.16 0.11 9.6 0.26 10.22 SDDSC162 830.16 830.32 0.16 2.05 0.69 3.70 SDDSC162 834.09 834.56 0.47 1.06 0.01 1.07 SDDSC162 834.56 834.80 0.24 1.53 0.01 1.55 SDDSC162 848.31 848.53 0.22 1.23 0.01 1.25 SDDSC164 121.95 122.13 0.18 1.05 0.01 1.07 SDDSC164 184.50 184.60 0.10 2.73 0.25 3.33 SDDSC164 186.46 186.70 0.24 6.23 0.56 7.57 SDDSC164 186.70 186.95 0.25 3.7 0.05 3.82 SDDSC164 187.82 188.29 0.47 1.19 0.05 1.30 SDDSC164 198.04 198.35 0.31 39.9 0.81 41.84 SDDSC164 198.35 198.52 0.17 1.47 0.03 1.53 SDDSC164 198.52 198.86 0.34 6.76 0.45 7.84 SDDSC164 199.13 199.93 0.80 15.2 1.60 19.02 SDDSC164 207.25 207.79 0.54 7.14 2.93 14.14 SDDSC164 207.79 208.04 0.25 2 0.52 3.24 SDDSC164 210.83 211.31 0.48 1.24 0.21 1.74 SDDSC164 211.45 211.97 0.52 0.37 2.41 6.13 SDDSC164 212.89 212.99 0.10 0.38 2.08 5.35 SDDSC164 213.30 213.77 0.47 2.2 0.03 2.26 SDDSC164 215.21 215.31 0.10 0.04 1.82 4.39 SDDSC164 217.85 217.97 0.12 87.1 21.60 138.72 SDDSC164 217.97 218.48 0.51 3.48 0.12 3.77 SDDSC164 223.59 223.69 0.10 12.1 29.00 81.41 SDDSC164 223.69 224.37 0.68 5.02 7.16 22.13 SDDSC164 224.37 224.53 0.16 61.7 10.20 86.08 SDDSC164 225.05 225.61 0.56 3.41 0.11 3.67 SDDSC164 226.69 227.05 0.36 0.72 0.13 1.03 SDDSC164 234.93 235.72 0.79 1.27 0.06 1.41 SDDSC164 235.72 235.82 0.10 2.63 3.98 12.14 SDDSC164 243.45 243.78 0.33 62.3 20.10 110.34 SDDSC164 252.91 254.08 1.17 2.77 0.16 3.15 SDDSC164 254.29 254.57 0.28 1.61 0.03 1.68 SDDSC164 256.24 256.35 0.11 0.51 11.10 27.04 SDDSC164 256.35 257.28 0.93 1.25 0.31 1.99 SDDSC164 257.83 258.57 0.74 2 0.38 2.91 SDDSC164 258.86 259.11 0.25 8.72 0.28 9.39 SDDSC164 259.33 259.50 0.17 111 1.24 113.96 SDDSC164 260.39 260.55 0.16 26.9 14.10 60.60 SDDSC164 260.55 260.81 0.26 3.82 0.56 5.16 SDDSC164 260.81 260.91 0.10 1.79 6.52 17.37 SDDSC164 260.91 261.21 0.30 1.23 1.87 5.70 SDDSC164 261.21 261.36 0.15 7.27 2.39 12.98 SDDSC164 261.36 261.54 0.18 2.05 0.09 2.27 SDDSC164 261.54 261.66 0.12 11.9 5.21 24.35 SDDSC164 261.66 262.20 0.54 2.15 0.06 2.29 SDDSC164 262.20 262.55 0.35 1.37 0.03 1.44 SDDSC164 262.55 262.94 0.39 3.54 0.41 4.52 SDDSC164 262.94 263.15 0.21 15.6 7.17 32.74 SDDSC164 263.15 263.90 0.75 1.2 0.06 1.34 SDDSC164 263.90 264.18 0.28 13.3 3.17 20.88 SDDSC164 264.66 265.20 0.54 1.98 0.18 2.41 SDDSC164 265.20 265.58 0.38 10 5.04 22.05 SDDSC164 265.58 266.31 0.73 2.48 0.04 2.59 SDDSC164 266.67 266.77 0.10 4.08 3.43 12.28 SDDSC164 267.19 267.29 0.10 2.51 1.41 5.88 SDDSC164 269.55 269.65 0.10 1.34 0.04 1.44 SDDSC164 269.65 269.82 0.17 1.14 0.07 1.30 SDDSC164 270.21 270.60 0.39 0.72 0.33 1.51 SDDSC164 275.35 275.67 0.32 1.52 0.00 1.53 SDDSC164 278.24 279.50 1.26 1.01 0.00 1.02 SDDSC164 279.86 281.06 1.20 1.09 0.01 1.12 SDDSC164 281.06 281.24 0.18 4.89 1.46 8.38 SDDSC164 281.24 281.41 0.17 1.93 0.01 1.95 SDDSC164 281.75 281.88 0.13 3.07 0.08 3.26 SDDSC164 289.78 289.88 0.10 2.69 0.47 3.81 SDDSC164 292.10 292.84 0.74 0.79 0.59 2.20 SDDSC164 292.84 293.55 0.71 0.95 0.08 1.15 SDDSC164 293.55 293.87 0.32 5.96 1.74 10.12 SDDSC164 293.87 294.70 0.83 1.93 0.28 2.60 SDDSC164 294.70 295.21 0.51 1.75 0.04 1.85 SDDSC164 301.02 301.17 0.15 1.1 0.01 1.12 SDDSC164 302.78 303.02 0.24 1.33 0.00 1.34 SDDSC164 329.35 329.59 0.24 1.64 0.00 1.64 SDDSC164 329.59 330.32 0.73 1.4 0.00 1.41 SDDSC164 330.32 331.00 0.68 1.73 0.00 1.74 SDDSC164 331.00 331.65 0.65 2.39 0.00 2.39 SDDSC164 332.89 333.10 0.21 1.71 0.00 1.72 JORC Table 1 Section 1 Sampling Techniques and Data Criteria JORC Code explanation Commentary Sampling techniques Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralization that are Material to the Public Report. In cases where 'industry standard' work has been done this would be relatively simple (e.g. 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralization types (e.g. submarine nodules) may warrant disclosure of detailed information. Sampling has been conducted on drill core (half core for >90% and quarter core for check samples), grab samples (field samples of in-situ bedrock and boulders; including duplicate samples), trench samples (rock chips, including duplicates) and soil samples (including duplicate samples).Locations of field samples were obtained by using a GPS, generally to an accuracy of within 5 metres. Drill hole and trench locations have been confirmed to <1 metre using a differential locations have also been verified by plotting locations on the high-resolution Lidar maps Drill core is marked for cutting and cut using an automated diamond saw used by Company staff in are bagged at the core saw and transported to the Bendigo On Site Laboratory for On Site samples are crushed using a jaw crusher combined with a rotary splitter and a 1 kg split is separated for pulverizing (LM5) and assay. Standard fire assay techniques are used for gold assay on a 30 g charge by experienced staff (used to dealing with high sulfide and stibnite-rich charges). On Site gold method by fire assay code PE01S. Screen fire assay is used to understand gold grain-size distribution where coarse gold is evident. ICP-OES is used to analyse the aqua regia digested pulp for an additional 12 elements (method BM011) and over-range antimony is measured using flame AAS (method known as B050). Soil samples were sieved in the field and an 80 mesh sample bagged and transported to ALS Global laboratories in Brisbane for super-low level gold analysis on a 50 g samples by method ST44 (using aqua regia and ICP-MS). Grab and rock chip samples are generally submitted to On Site Laboratories for standard fire assay and 12 element ICP-OES as described above. Drilling techniques Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.). HQ or NQ diameter diamond drill core, oriented using Axis Champ orientation tool with the orientation line marked on the base of the drill core by the driller/offsider.A standard 3 metre core barrel has been found to be most effective in both the hard and soft rocks in the project. Drill sample recovery Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. Core recoveries were maximised using HQ or NQ diamond drill core with careful control over water pressure to maintain soft-rock integrity and prevent loss of fines from soft drill core. Recoveries are determined on a metre-by-metre basis in the core shed using a tape measure against marked up drill core checking against driller's core blocks. Plots of grade versus recovery and RQD (described below) show no trends relating to loss of drill core, or fines. Logging Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography. The total length and percentage of the relevant intersections logged. Geotechnical logging of the drill core takes place on racks in the company core orientations marked at the drill rig are checked for consistency, and base of core orientation lines are marked on core where two or more orientations match within 10 recoveries are measured for each metreRQD measurements (cumulative quantity of core sticks > 10 cm in a metre) are made on a metre-by-metre basis. Each tray of drill core is photographed (wet and dry) after it is fully marked up for sampling and cutting. The ½ core cutting line is placed approximately 10 degrees above the orientation line so the orientation line is retained in the core tray for future work. Geological logging of drill core includes the following parameters:Rock types, lithologyAlterationStructural information (orientations of veins, bedding, fractures using standard alpha-beta measurements from orientation line; or, in the case of un-oriented parts of the core, the alpha angles are measured)Veining (quartz, carbonate, stibnite)Key minerals (visible under hand lens, e.g. gold, stibnite) 100% of drill core is logged for all components described above into the company MX logging database. Logging is fully quantitative, although the description of lithology and alteration relies on visible observations by trained geologists. Each tray of drill core is photographed (wet and dry) after it is fully marked up for sampling and cutting. Logging is considered to be at an appropriate quantitative standard to use in future studies. Sub-sampling techniques and sample preparation If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled. Drill core is typically half-core sampled using an Almonte core saw. The drill core orientation line is retained. Quarter core is used when taking sampling duplicates (termed FDUP in the database). Sampling representivity is maximised by always taking the same side of the drill core (whenever oriented), and consistently drawing a cut line on the core where orientation is not possible. The field technician draws these lines. Sample sizes are maximised for coarse gold by using half core, and using quarter core and half core splits (laboratory duplicates) allows an estimation of nugget effect. In mineralized rock the company uses approximately 10% of ¼ core duplicates, certified reference materials (suitable OREAS materials), laboratory sample duplicates and instrument repeats. In the soil sampling program duplicates were obtained every 20th sample and the laboratory inserted low-level gold standards regularly into the sample flow. Quality of assay data and laboratory tests The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. The fire assay technique for gold used by On Site is a globally recognised method, and over-range follow-ups including gravimetric finish and screen fire assay are standard. Of significance at the On Site laboratory is the presence of fire assay personnel who are experienced in dealing with high sulfide charges (especially those with high stibnite contents) - this substantially reduces the risk of in accurate reporting in complex sulfide-gold charges. Where screen fire assay is used, this assay will be reported instead of the original fire assay. The ICP-OES technique is a standard analytical technique for assessing elemental concentrations. The digest used (aqua regia) is excellent for the dissolution of sulfides (in this case generally stibnite, pyrite and trace arsenopyrite), but other silicate-hosted elements, in particular vanadium (V), may only be partially dissolved. These silicate-hosted elements are not important in the determination of the quantity of gold, antimony, arsenic or sulphur. A portable XRF has been used in a qualitative manner on drill core to ensure appropriate core samples have been taken (no pXRF data are reported or included in the MX database). Acceptable levels of accuracy and precision have been established using the following methods¼ duplicates - half core is split into quarters and given separate sample numbers (commonly in mineralized core) - low to medium gold grades indicate strong correlation, dropping as the gold grade increases over 40 g/t - blanks are inserted after visible gold and in strongly mineralized rocks to confirm that the crushing and pulping are not affected by gold smearing onto the crusher and LM5 swing mill surfaces. Results are excellent, generally below detection limit and a single sample at 0.03 g/t Reference Materials - OREAS CRMs have been used throughout the project including blanks, low (<1 g/t Au), medium (up to 5 g/t Au) and high-grade gold samples (> 5 g/t Au). Results are automatically checked on data import into the MX database to fall within 2 standard deviations of the expected splits - On Site conducts splits of both coarse crush and pulp duplicates as quality control and reports all data. In particular, high Au samples have the most CRMs - On Site regularly inserts their own CRM materials into the process flow and reports all dataLaboratory precision - duplicate measurements of solutions (both Au from fire assay and other elements from the aqua regia digests) are made regularly by the laboratory and reported. Accuracy and precision have been determined carefully by using the sampling and measurement techniques described above during the sampling (accuracy) and laboratory (accuracy and precision) stages of the analysis. Soil sample company duplicates and laboratory certified reference materials all fall within expected ranges. Verification of sampling and assaying The verification of significant intersections by either independent or alternative company personnel. The use of twinned holes. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Discuss any adjustment to assay data. The Independent Geologist has visited Sunday Creek drill sites and inspected drill core held at the Kilmore core shed. Visual inspection of drill intersections matches both the geological descriptions in the database and the expected assay data (for example, gold and stibnite visible in drill core is matched by high Au and Sb results in assays). In addition, on receipt of results Company geologists assess the gold, antimony and arsenic results to verify that the intersections returned expected data. The electronic data storage in the MX database is of a high standard. Primary logging data are entered directly by the geologists and field technicians and the assay data are electronically matched against sample number on return from the laboratory. Certified reference materials, ¼ core field duplicates (FDUP), laboratory splits and duplicates and instrument repeats are all recorded in the database. Exports of data include all primary data, from hole SDDSC077B onwards after discussion with SRK Consulting. Prior to this gold was averaged across primary, field and lab duplicates. Adjustments to assay data are recorded by MX, and none are present (or required). Twinned drill holes are not available at this stage of the project. Location of data points Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used. Quality and adequacy of topographic control. Differential GPS used to locate drill collars, trenches and some workings Standard GPS for some field locations (grab and soils samples), verified against Lidar data. The grid system used throughout is Geocentric datum of Australia 1994; Map Grid Zone 55 (GDA94_Z55), also referred to as ELSG 28355. Reported azimuths also relate to MGA55 (GDA94_Z55). Topographic control is excellent owing to sub 10 cm accuracy from Lidar data. Data spacing and distribution Data spacing for reporting of Exploration Results. Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Whether sample compositing has been applied. The data spacing is suitable for reporting of exploration results - evidence for this is based on the improving predictability of high-grade gold-antimony intersections. At this time, the data spacing and distribution are not sufficient for the reporting of Mineral Resource Estimates. This however may change as knowledge of grade controls increase with future drill programs. Samples have been composited to a 1 g/t AuEq over 2.0 m width for lower grades and 5 g/t AuEq over 1.0 m width for higher grades in table 3. All individual assays above 0.1 g/t AuEq have been reported to two decimal places with no compositing in table 4. Orientation of data in relation to geological structure Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. If the relationship between the drilling orientation and the orientation of key mineralized structures is considered to have introduced a sampling bias, this should be assessed and reported if material. The true thickness of the mineralized intervals reported are interpreted to be approximately 50-75% of the sampled thickness. Drilling is oriented in an optimum direction when considering the combination of host rock orientation and apparent vein control on gold and antimony steep nature of some of the veins may give increases in apparent thickness of some intersections, but more drilling is required to quantify. A sampling bias is not evident from the data collected to date (drill holes cut across mineralized structures at a moderate angle). Sample security The measures taken to ensure sample security. Drill core is delivered to the Kilmore core logging shed by either the drill contractor or company field staff. Samples are marked up and cut by company staff at the Kilmore core shed, in an automated diamond saw and bagged before loaded onto strapped secured pallets and trucked by company staff to Bendigo for submission to the laboratory. There is no evidence in any stage of the process, or in the data for any sample security issues. Audits or reviews The results of any audits or reviews of sampling techniques and data. Continuous monitoring of CRM results, blanks and duplicates is undertaken by geologists and the company data geologist. Mr Michael Hudson for SXG has the orientation, logging and assay data. Section 2 Reporting of Exploration Results Criteria JORC Code explanation Commentary Mineral tenementand land tenurestatus Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. The Sunday Creek Goldfield, containing the Clonbinane Project, is covered by the Retention Licence RL 6040 and is surrounded by Exploration Licence EL6163 and Exploration Licence EL7232. All the licences are 100% held by Clonbinane Goldfield Pty Ltd, a wholly owned subsidiary company of Southern Cross Gold Ltd. Exploration done byother parties Acknowledgment and appraisal of exploration by other parties. The main historical prospect within the Sunday Creek project is the Clonbinane prospect, a high level orogenic (or epizonal) Fosterville-style deposit. Small scale mining has been undertaken in the project area since the 1880s continuing through to the early 1900s. Historical production occurred with multiple small shafts and alluvial workings across the Clonbinane Goldfield permits. Production of note occurred at the Clonbinane area with total production being reported as 41,000 oz gold at a grade of 33 g/t gold (Leggo and Holdsworth, 2013) Work in and nearby to the Sunday Creek Project area by previous explorers typically focused on finding bulk, shallow deposits. Beadell Resources were the first to drill deeper targets and Southern Cross have continued their work in the Sunday Creek Project area. EL54 - Eastern Prospectors Pty LtdRock chip sampling around Christina, Apollo and Golden Dyke chip sampling down the Christina mine shaft. Resistivity survey over the Golden Dyke. Five diamond drill holes around Christina, two of which have assays. ELs 872 & 975 - CRA Exploration Pty LtdExploration focused on finding low grade, high tonnage deposits. The tenements were relinquished after the area was found to be prospective but not sediment samples around the Golden Dyke and Reedy Creek areas. Results were better around the Golden Dyke. 45 dump samples around Golden Dyke old workings showed good correlation between gold, arsenic and samples over the Golden Dyke to define boundaries of dyke and mineralization. Two costeans parallel to the Golden Dyke targeting soil anomalies. Costeans since rehabilitated by SXG. ELs 827 & 1520 - BHP Minerals LtdExploration targeting open cut gold mineralization peripheral to SXG tenements. ELs 1534, 1603 & 3129 - Ausminde Holdings Pty LtdTargeting shallow, low grade gold. Trenching around the Golden Dyke prospect and results interpreted along with CRAs costeans. 29 RC/Aircore holes totalling 959 m sunk into the Apollo, Rising Sun and Golden Dyke target areas. ELs 4460 & 4987 - Beadell Resources LtdELs 4460 and 4497 were granted to Beadell Resources in November 2007. Beadell successfully drilled 30 RC holes, including second diamond tail holes in the Golden Dyke/Apollo target areas. Both tenements were 100% acquired by Auminco Goldfields Pty Ltd in late 2012 and combined into one tenement EL4987. Nagambie Resources Ltd purchased Auminco Goldfields in July 2014. EL4987 expired late 2015, during which time Nagambie Resources applied for a retention licence (RL6040) covering three square kilometres over the Sunday Creek Goldfield. RL6040 was granted July 2017. Clonbinane Gold Field Pty Ltd was purchased by Mawson Gold Ltd in February drilled 30 holes for 6,928 m and made the first discoveries to depth. Geology Deposit type, geological setting and style of mineralization. Refer to the description in the main body of the release. Drill hole Information A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: easting and northing of the drill hole collar elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar dip and azimuth of the hole down hole length and interception depth hole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. Refer to appendices Data aggregation methods In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high-grades) and cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated. See "Further Information" and "Metal Equivalent Calculation" in main text of press release. Relationshipbetweenmineralizationwidths andintercept lengths These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralization with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g 'down hole length, true width not known'). See reporting of true widths in the body of the press release. Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. The results of the diamond drilling are displayed in the figures in the announcement. Balanced reporting Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high-grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. All results above 0.1 g/t Au have been tabulated in this announcement. The results are considered representative with no intended bias. Core loss, where material, is disclosed in tabulated drill intersections. Other substantive exploration data Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. Previously reported diamond drill results are displayed in plans, cross sections and long sections and discussed in the text and in the Competent Person's statement. Preliminary testing (AMML Report 1801-1) has demonstrated the viability of recovering gold and antimony values to high value products by industry standard processing methods. The program was completed by AMML, an established mineral and metallurgical testing laboratory specialising in flotation, hydrometallurgy, gravity and comminution testwork at their testing facilities in Gosford, NSW. The program was supervised by Craig Brown of Resources Engineering & Management, who was engaged to develop plans for initial sighter flotation testing of samples from drilling of the Sunday Creek deposit. Two quarter core intercepts were selected for metallurgical test work (Table 1). A split of each was subjected to assay analysis. The table below shows samples selected for metallurgical test work.* The metallurgical characterization test work included: Diagnostic LeachWELL testing. Gravity recovery by Knelson concentrator and hand panning. Timed flotation of combined gravity tails. Rougher-Cleaner flotation (without gravity separation), with sizing of products, to produce samples for mineralogical investigation. Mineral elemental concentrations and gold deportment was investigated using Laser Ablation examination by University of Tasmania. QXRD Mineralogical assessment were used to estimate mineral contents for the test products, and, from this, to assess performance in terms of minerals as well as elements, including contributions to gold deportment. For both test samples, observations and calculations indicated a high proportion of native ('free') gold: 84.0% in RS01 and 82.1% in AP01. Samples of size fractions of the three sulfide and gold containing flotation products from the Rougher-Cleaner test series were sent to MODA Microscopy for optical mineralogical assessment. Key observations were: The highest gold grade samples from each test series found multiple grains of visible gold which were generally liberated, with minor association with stibnite (antimony sulfide). Stibnite was highly liberated and was very 'clean' - 71.7% Sb, 28.3% S. Arsenopyrite was also highly liberated indicating potential for separation. Pyrite was largely free but exhibited some association with gangue minerals. Further work The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. The Company drilled 30,000 m in 2023 and plans to continue drilling with 8 diamond drill rigs. The Company has stated it will drill 60,000 m from 2024 to Q4 2025. The company remains in an exploration stage to expand the mineralization along strike and to depth. See diagrams in presentation which highlight current and future drill plans. Notes: *Samples selected for metallurgical test work To view an enhanced version of this graphic, please visit: To view the source version of this press release, please visit Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
