Southern Cross Gold Consolidated Ltd. · TSX:SXGC
Southern Cross Gold Consolidated — RIU Explorers Conference 2025
46 slides from Southern Cross Gold Consolidated's conference presentation, May 6, 2025
Slide 1: Sunday Creek: An Expanding and Significant Global Gold-Antimony Discovery
Sunday Creek An Expanding and Significant Global Gold-Antimony Discovery For personal use only Victoria, Australia Michael Hudson, President & CEO May 06 2025 SXGC SX2
Slide 2: Important Information
Important Information Overview: This presentation (this “Presentation”) dated May 06 2025, has been prepared by Although the Company believes its expectations are based upon reasonable assumptions and Southern Cross Gold Consolidated Ltd (“SXGC” or the “Company”) and is authorized for release has at
Slide 3: Important Information
Important Information Summary information: This Presentation contains summary information about the current and Not financial product advice: This Presentation does not constitute financial product or proposed activities of SXGC as at the date of this Presentation. The information in this investment
Slide 4: Important Information
Important Information For the purposes of JORC, certain information in this Presentation that relates to exploration results is extracted from the Independent Geologist’s Report dated December 11, 2024, which was issued with the consent of the Competent Person, Mr. Steven Tambanis. The Technical Rep
Slide 5: Giant Global Orogenic Gold, Cash Flow, High-grade rare
Giant Global Orogenic Gold, Cash Flow, High-grade rare For personal use only TSXV:SXGC ASX:SX2 Modified from: https://reader.elsevier.com/reader/sd/pii/S1674987115000808?token=927DCC2EAF8EB5A3F63D462B4E0E0F4BA65EAA7FB4732F8C11B716D72D7CB58A20E359D983EBBEBFA29E4BA6BD2ECC51 5
Slide 6: Tier 1 Location, Last Decade: 12 Key Discoveries
Tier 1 Location, Last Decade:12 Key Discoveries Sunday Creek is rare and ranked as Gold For personal use only such in industry Copper Lithium PGE One of few global Tier 1 Hemi independently owned, high grade, multi-million greenfield global Havieron project that is growing quickly Spartan* Bellevue
Slide 7: Your Partners
Your Partners For personal use only Capitalization Summary Major Shareholder Summary Share Price UHNW (Darren Morcombe, Pierre Lassonde, Kiril Sokoloff ++) 31.2% C$4.84/A$5.17 TSXV:SXGC, ASX:SX2 – MAY 05, 2024 Institutions (Franklin Templeton, Konwave, Ruffer, Merk, Earthlabs, Shares Issued 221.6M S
Slide 8: Southern Cross Gold Arranges A$162M/C$143M Funding
Southern Cross Gold Arranges A$162M/C$143M Funding to Accelerate Sunday Creek Gold-Antimony Project MAY 01, 2025 Capital Allocation Plan A$162m/C$143m For personal use only TSXV:SXGC ASX:SX2 https://sxg.irmau.com/pdf/c0642730-76ea-4c9d-b073-13875cb01fc4/Southern-Cross-Gold-Arranges-C143M-Funding-to-
Slide 9: Simple Business Model
Simple Business Model Creating the Highest Margin Gold Business Globally For personal use only Rare Global Discovery Global Best Hit Rate Building Quickly Funded with permits 63 in 77km Drill, baby, drill! A$176m*** cash > 100g/t AuEq * m 1 Grade 1,055 ha freehold 2 Scale Victoria Open for 100% owne
Slide 10: Southern Cross Gold Investment Opportunity
Southern Cross Gold Investment Opportunity High margin gold with a strategic wildcard For personal use only • Under-investment in new projects increased the scarcity value for new projects that deliver high-grade ounces in low-risk jurisdictions • Exceptional free cash flow margins opportunity • Lar
Slide 11: History and New Geological Paradigm
History and New Geological Paradigm For personal use only History • 1850s - Alluvial mining • 1860s - Surface mining to 30m • 1880s - 1890s: Shafts to 180m • WW1 – Open by Imperial munitions act - antimony • 1960s - 2008 – Minor modern exploration • 2022 – 2025 – Southern Cross Gold Sunday Creek 189
Slide 12: Victoria a Gift That Keeps on Giving
Victoria a Gift That Keeps on Giving For personal use only Epizonal Brittle - Ductile Transition Bonanza Event 70 Million years Mesozonal 82 Moz Gold Often Unreconcilable Drives thesis to test to depth SDDSC107 from uncut core from 684.7 m within assayed interval 1.0 m @ 2319 g/t AuEq (2318.4 g/t Au
Slide 13: Regional Setting
Regional Setting For personal use only Two of the richest and highest cashflow margin gold mines globally Fosterville are our neighbours. Costerfield Fosterville $10b mcap appreciation 2018-2022 Sunday Creek Willman et al., 2010 TSXV:SXGC ASX:SX2 13
Slide 14: Database Analysis: Grade vs Width
Database Analysis: Grade vs Width 63 hits > 100 AuEq g/t x m Top 10 intersections at Sunday Creek 70 hits > 50-100 AuEq g/t x m For personal use only From Length AuEqgt Hole-ID To (m) Au g/t Sb% AuEq g/t (m) (m) m SDDSC107 684.3 687.0 2.7 891.2 0.2 891.7 2408 SDDSC077B 737.1 740.7 3.6 391.9 0.8 393.
Slide 15: Prospect Scale Map
Prospect Scale Map For personal use only TSXV:SXGC ASX:SX2 15
Slide 16: Sunday Creek Building Ounces Rapidly, 5% Explored
Sunday Creek Building Ounces Rapidly, 5% Explored For personal use only 1 km 1.2 km 1967 - 2008 March 2022 Dec 2022 0 500 m Jan 2024 Mar 2025 2024 Exploration Target outline TSXV:SXGC ASX:SX2 2025 Exploration Target outline 16
Slide 17: Schematic Plan View Main Drill Area – The Golden Ladder
Schematic Plan View Main Drill Area – The Golden Ladder Ladder rails extend over 10km of strike. For personal use only Core area drilled over 1km “Rungs” extend from surface to 1.1km depth, Each “rung” 20-100m long, Apollo av. width 4.2m (median 3.8m), Rising Sun av. width 2.8m (median 2.4m), Golden
Slide 18: Plan
Plan For personal use only TSXV:SXGC ASX:SX2 18
Slide 19: Longitudinal Section
Longitudinal Section For personal use only TSXV:SXGC ASX:SX2 19
Slide 20: Vein Sets: Geological Likeness Informs Continuity
70 Vein Sets: Geological Likeness Informs Continuity For personal use only TSXV:SXGC ASX:SX2 20
Slide 21: Gold Coefficient of Variation
Gold Coefficient of Variation Understanding grade continuity and geostatistical domain confidence is crucial for high-grade gold deposits. For personal use only Low variability or a low coefficient of variation (CV, standard deviation over mean) in assay results lowers geological risk and reduces th
Slide 22: Optionality
Optionality Depth Extension is Likely, Could Double 90% of Trend Remains to be tested For personal use only Sunday Creek Fosterville Main Drill Zone Source: https://s21.q4cdn.com/374334112/files/doc_downloads/GeologyMaps/2024/Item-37-Fosterville-Composite- Longitudinal-Section.png 0 10 km TSXV:SXGC
Slide 23: Location, Location, Location: Positioning for Development
Location, Location, Location: Positioning for Development The company is actively de-risking the project through pre-development activities to be in an optimal position for design, feasibility studies and permitting For personal use only Looking south from drill area TSXV:SXGC ASX:SX2 23
Slide 24: Metallurgy
Metallurgy Non-refractory, simple gravity-flotation flow sheet For personal use only • Sighter Tests Utilized Costerfield flow sheet Preliminary Metallurgical Test Work • Mineralogical investigations demonstrated a high proportion of non-refractory native gold (82% - 84%). • Gravity (18-33%) with bu
Slide 25: Exploration Target and Global Comparisons
Exploration Target and Global Comparisons For personal use only The potential quantity and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will
Slide 26: Exploration Target (March 2025)
Exploration Target (March 2025) The March 2025 Exploration Target is constrained to the three main areas along the strike of the dyke The tonnage and grade are estimates based on continuity of mineralization defined by exploration breccia host on the Sunday Creek project: Rising Sun (over 340 m stri
Slide 27: Victoria is Open for Business
Victoria is Open for Business Two major Victorian mines permitted in Dec 2024 For personal use only • Critical Minerals Priority Development Zones • “Victoria is open for business – that’s why we’re unlocking industrial land, streamlining investment pathways, slashing red tape and backing new and ex
Slide 28: Victorian Sustained Mine Permitting and Development
Victorian Sustained Mine Permitting and Development 5 Gold Mines Operating Today, 2 major mines approved in Dec 24 VICTORIAN GOVERNMENT INITIATIVES Approvals Coordination Development Facilitation “A$23.3m to drive investment by removing uncertainty around resource Program (“DFP”) approvals” “Faster
Slide 29: Our People
Our People For personal use only Locally based staff – living in the communities in which we work Australian based board – focused on creating an ethical, shared value company with strong ESG credentials that employees and investors can be proud of Strong relationships: Community Reference Group, Sh
Slide 30: Directors
Directors For personal use only Tom Eadie Michael Hudson Georgina Carnegie David Henstridge Non- Executive President & CEO, Non-Executive Non-Executive Chairman Director Director Director Explorer, mining executive Explorationist, entrepreneur, Experienced executive Geologist with over 50 and compan
Slide 31: Senior Management
Senior Management For personal use only Lisa Gibbons Nicholas Mead Kenny Bush Nick Demare Mariana Bermudez Justin Mouchacca General Manager Corporate Exploration Manager Chief Financial Officer Corporate Secretary, Company Secretary, 30+ years' experience as Development Manager Experienced explorati
Slide 32: Progress
Progress For personal use only • Rare Global Asset • Highest hit rate globally, few high-grade global deposits, Tier 1 location, growing • Large (and growing) Western Sb Deposit (defence critical) • Large exploration upside, only 5% of trend tested • Government Open For Business • Seasoned discovery
Slide 33: Contact Us
Contact Us For personal use only info@southerncrossgold.com www.southerncrossgold.com Corporate Secretary Registered Office Mariana Bermudez 1305 1090 West Georgia St mbermudez@chasemgt.com Vancouver V6E3V7 BC +1 604 685 9316 Canada Corporate Development Subsidiary Office Nicholas Mead Level 21 nm@s
Slide 34: Appendices
Appendices For personal use only TSXV:SXGC ASX:SX2 34
Slide 35: Victorian Gold Production – Rocking Because of a Change in Geology
Victorian Gold Production – Rocking Because of a Change in Geology ✓ Today, Victoria is producing more gold than it has for 100 years For personal use only ✓ 5 Gold Mines Operating Today – 500Koz/yr TSXV:SXGC ASX:SX2 https://www.theassay.com/articles/analysis/victorias-three-gold-rushes/ https://res
Slide 36: How to model and predict this style?
How to model and predict this style? • Continuity of vein sets and grades are Apollo described in three dimensions across multiple Mine For personal use only datasets including: ✓ Fifty years of historic mining records and drilled continuity below mined areas ✓ Geological likeness ✓ Structural orien
Slide 37: Lab Duplicates Demonstrate Homogeneity of Samples
Lab Duplicates Demonstrate Homogeneity of Samples REPEAT FIRE ASSAYS AT SUNDAY CREEK 20 For personal use only 18 16 y = 1.0027x - 0.0065 R² = 0.9976 14 Lab Duplicate Au ppm 12 10 Fosterville – Kirkland Lake Gold Bendigo – GBM gold 8 December 2016 Technical report 6 ✓ Comparison of repeat fire assay
Slide 38: High Grade is Not Always Nuggetty: SFA and FA Duplicates
High Grade is Not Always Nuggetty: SFA and FA Duplicates Fire Assay vs Screen Fire Assay 10000 For personal use only y = 1.0025x R² = 0.992 1000 100 Fire Assay g/t Au 10 1 0.1 0.01 0.01 0.1 1 10 100 1000 10000 Screen Fire Assay g/t Au SDDSC117: 0.5 m @ 473.1 g/t AuEq (473.0 g/t Au, Highly repeatable
Slide 39: Structural Geology: Stereonets Inform Continuity
Structural Geology: Stereonets Inform Continuity For personal use only Stibnite bearing veins Visible Gold bearing veins – Pyrite veinlets high confidence orientations high confidence orientations N = 609 N=1355 N=118 Subvertical vein arrays Consistent with Sb Early lithological control and shear ve
Slide 40: Brittle to Ductile Transition
Brittle to Ductile Transition Brittle Features Our Focus For personal use only Diffuse Gold Stibnite Brittle Quartz-carbonate-stibnite extension veins in altered dyke Ductile Features Semi-Brittle Free Gold “Bonanza” Zone Ductile Focus 2 - 2.5 km TSXV:SXGC ASX:SX2 40
Slide 41: Brittle to Ductile Transition at Sunday Creek
Brittle to Ductile Transition at Sunday Creek For personal use only Dominant brittle features Brittle Transition window ~600-700 m below Semi-Brittle surface Decreasing Sb Ductile Increased observation of Fibrous Sulphosalts TSXV:SXGC ASX:SX2 41
Slide 42: Paragenesis of Sunday Creek Au-Sb mineralization
Paragenesis of Sunday Creek Au-Sb mineralization DESCRIPTION: For personal use only Northeast/southwest compression during the Middle Devonian Tabberabberan Orogeny creates gentle to open folding 0.3 of sediments km LEGEND Syncline fold hinge Anticline fold hinge Sb Au bearing Shear Veins & Vein set
Slide 43: Paragenesis of Sunday Creek Au-Sb mineralization
Paragenesis of Sunday Creek Au-Sb mineralization DESCRIPTION: For personal use only A quartz-diorite dyke trending approx. 080˚ intruded into pre-existing fault architecture at Sunday Creek, bisecting folds. During localized periods of extension 0.3 km LEGEND Syncline fold hinge Anticline fold hinge
Slide 44: Paragenesis of Sunday Creek Au-Sb mineralization
Paragenesis of Sunday Creek Au-Sb mineralization DESCRIPTION: For personal use only Compression of dyke and sediments causes tightening and parasitic folding of sediments and brecciation of preexisting dyke. Novel addition of dyke and fluids to 0.3 brecciated areas. km LEGEND Syncline fold hinge Ant
Slide 45: Paragenesis of Sunday Creek Au-Sb mineralization
Paragenesis of Sunday Creek Au-Sb mineralization DESCRIPTION: For personal use only Mineralization forms within NNW striking vein sets, varying from centimeter - scale crack-seal veins, to veins with sheared margins, to messy, vein- breccias often carrying 0.3 higher grades. km LEGEND Syncline fold
Slide 46: Paragenesis of Sunday Creek Au-Sb mineralization
Paragenesis of Sunday Creek Au-Sb mineralization DESCRIPTION: For personal use only RISING SUN Regional series of late APOLLO gouge faults that displace the dyke and mineralization. 0.3 km LEGEND Syncline fold hinge Anticline fold hinge Sb Au bearing Shear Veins & Vein sets Stratigraphic package - S
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