Business
Southern Cross Gold Announces Pybar Awarded Exploration Decline Contract for Sunday Creek
Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - May 5, 2026) - Southern Cross Gold Consolidated Ltd (TSX: SXGC) (ASX:SX2) (OTCQX: SXGCF)
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":" Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - May 5, 2026) - Southern Cross Gold Consolidated Ltd (TSX: SXGC) (ASX:SX2) (OTCQX: SXGCF) (FSE: MV3) (\"SXGC\", \"SX2\" or the \"Company\") advises that PYBAR Mining Services Pty Ltd (\"PYBAR\"), a Thiess company, has been awarded the underground exploration decline contract for the Company's Sunday Creek Gold-Antimony Project, 60 kilometres north of Melbourne, Victoria. The award follows the Resources Victoria Work Plan approval received in November 2025 and Premier Jacinta Allan's public endorsement of the project as a critical minerals jobs opportunity for Victoria. High Level Takeaways: Contract Award. PYBAR awarded the underground decline (tunnel) contract at Sunday Creek, Victoria, following a competitive tender. PYBAR is a part of the Thiess Group. Drilling Acceleration. Once completed by year end, the decline will allow the current 11 surface rigs to be expanded to 24 surface and underground rigs. Sunday Creek will be one of the largest pre-development drill-outs globally. Scope. Box cut ground support, portal establishment, primary decline and support services installation, and initial lateral development including diamond drilling platforms over a term of 7 months. SXGC Team Build-Out. Shane Leary appointed Projects Manager (Operations); Ben Edwards appointed Underground Development Manager. Both report to the Chief Operating Officer. Future. The new team members and drilling acceleration provide for the ongoing development of a project we believe has the potential to become a significant Allied supplier of antimony and gold. Michael Hudson, President & CEO states: \"The Allan Labor Government approved our exploration decline on 27 November 2025. In the five months since, we have been establishing the surface infrastructure and secured the secondary consents required to commence underground mining. With these in place, we are pleased to confirm the award of the decline contract to PYBAR. \"The decline is fundamentally about accelerating drilling. Underground platforms 115 metres beneath surface scale us from the 11 surface rigs operating today to 24 rigs working concurrently from underground positions, positioning Sunday Creek as one of the largest pre-development drill-outs globally. \"With the PYBAR contract awarded, ...