Southern Cross Gold Drills 7.9 m @ 19.9 g/t AuEq Including 7.1% Sb and 2.8 g/t Au in Upper Golden Dyke: Antimony Dominance Confirmed

Southern Cross Gold Consolidated Ltd. (SXGC) has released assay results from six new drill holes at the upper part of the Golden Dyke prospect within its Sunday Creek project in Victoria, Australia. The company identified four new vein sets, with hole SDDSC224 extending the GD35 vein set 170 meters up-dip.

The best intercept came from hole SDDSC233, which returned 7.9 meters at 19.9 grams per tonne gold equivalent (AuEq), comprising 2.8 g/t Au and 7.1% Sb, from a depth of 363.1 meters. This interval included 3.7 meters at 37.5 g/t AuEq (3.5 g/t Au, 14.2% Sb). Hole SDDSC228 intersected 0.4 meters at 86.2 g/t AuEq (2.7 g/t Au, 34.9% Sb) and 8.3 meters at 11.4 g/t AuEq (5.2 g/t Au, 2.6% Sb). Additionally, hole SDDSC224 returned 7.0 meters at 8.1 g/t AuEq (5.7 g/t Au, 1.0% Sb), featuring a high-grade core of 59.6 g/t Au and 0.1% Sb over 0.54 meters. Individual antimony assays reached as high as 47.0% Sb and 46.6% Sb across two holes.

To date, the project totals 268 holes for 129.6 kilometers, with 88 intersections exceeding 100 g/t Au and 108 intersections exceeding 10% Sb. The company currently has 69 holes pending results, 11 rigs active, and a 200,000-meter drill program ongoing, with decline development underway.

Southern Cross Gold Consolidated Ltd. (SXGC) released drill results that analysts view as incremental rather than transformative for the pre-resource explorer, which currently holds a C$2.6 billion market capitalization. For the stock to move materially, a discovery typically needs to significantly expand the deposit footprint, derisk a large resource, or deliver standout gold grades. This latest release does not meet those thresholds.

While the intercepts are considered solid, they are not standout compared to previous high-grade results the market has already absorbed. Notable prior assays include 12.2 meters at 32.4 grams per tonne of gold (g/t Au), 1.8 meters at 79.9 g/t Au, and 670 g/t Au over 1.3 meters. The antimony grades reported, while exceptional, reiterate a known feature of the deposit. The GD35 170-meter up-dip extension represents a good step-out, but given that the Golden Dyke has been extended repeatedly in many directions, this result is viewed as incremental.

The stock peaked at $11.74 in March and has since corrected to approximately $9.86. This decline appears driven by sector-wide weakness and profit-taking rather than any operational setback. By comparison, the decline construction news on June 29, when the first cut was fired, marked a more material operational milestone, yet the stock barely moved in response.

Southern Cross Gold Consolidated Ltd holds a 100% interest in the Sunday Creek project, located 60 km north of Melbourne, Australia, covering 1,392 hectares of freehold land. The project is an epizonal gold-antimony system featuring a “Golden Ladder” vein array over more than 1.5 km of strike, tested to a depth of 1,100 m. Since late 2020, the company has drilled over 129 km, returning 88 intersections greater than 100 g/t Au and 108 intersections greater than 10% Sb.

An Exploration Target outlined in March 2025 suggests 2.2–3.2 moz AuEq at 8.3–10.6 g/t AuEq (Au + 2.39*Sb). No Mineral Resource has been estimated. The company is pre-revenue, with C$123.2M in cash and no debt as of Q3 FY2026, funding a 200,000 m drill program and a 1.2 km exploration decline.

Major shareholders include Pierre Lassonde and directors, holding approximately 26.4% collectively. The stock trades on the TSX, ASX, and OTCQX, and is included in the GDXJ and S&P/TSX Composite indices.