Southern Cross Gold Consolidated Ltd. · TSX:SXGC
Southern Cross Gold Consolidated — Investor Presentation (January 2025)
47 slides from Southern Cross Gold Consolidated's investor presentation, Jan 23, 2025
Slide 1: Sunday Creek: An Expanding and Significant Global Gold Discovery
Sunday Creek An Expanding and Significant Global Gold Discovery 23 January 2025
Slide 2: Important Information
Important Information Overview: This presentation (this “Presentation”) dated January 23, 2025, has been prepared Although the Company believes its expectations are based upon reasonable assumptions and by Southern Cross Gold Consolidated Ltd (“SXGC” or the “Company”) and is authorized for has attem
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: Aim to Create the Highest Margin Gold Business Globally
Aim to Create the Highest Margin Gold Business Globally Exceptional Hit Rate 3 Clear Objectives 5 diamond drill rigs Funded with permits operating at site Aim to increase capacity $22 m cash Sunday Creek compares Drilling plan has three clear favorably with global leading objectives that will have t
Slide 6: Corporate Structure
Corporate Structure Capitalization Summary Major Shareholder Summary HNW (Springtide Capital, Firelight Investments, Swiss private bank 31.2% clients, others) Share Price C$3.35/A$3.65 Institutions (Franklin Templeton, Konwave, Ruffer, Merk, TSXV:SXGC, ASX:SX2 - 23 JAN 2024 Earthlabs, SG Hiscock, CQ
Slide 7: Exploration and Mining History
Exploration and Mining History History • 1850s - Alluvial mining • 1860s - Surface mining to 30m • 1880s - Shaft mining to 100m, 1890s to 180m • Early 1900s – cyanide • WW1 – Open by Imperial munitions act - antimony • 1960s Eastern Prospectors – few drill holes • 1980s CRA/BHP • 1986 – mid 1990’s,
Slide 8: Database Analysis: Grade vs Width
Database Analysis: Grade vs Width 10000.0 Top 10 intersections at Sunday Creek 55 hits > 100 AuEq g/t x m Hole-ID From To (m) Length (m) Au g/t Sb% AuEq g/t AuEqgtm 670 1272 60 hits > 50-100 AuEq g/t x m (m) 2319 SDDSC107 684.3 685.3 1.0 2318.4 0.3 2318.9 2319 1000.0 SDDSC077B 737.1 740.7 3.6 391.9
Slide 9: Regional Setting
Regional Setting Fosterville Costerfield Sunday Creek Willman et al., 2010 Mesozonal Sb-As bearing, mainly TSXV:SXGC ASX:SX2 character epizonal character 9
Slide 10: 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 ✓ 5 Gold Mines Operating Today – 500Koz/yr TSXV:SXGC ASX:SX2 https://www.theassay.com/articles/analysis/victorias-three-gold-rushes/ https://resources.vic.gov.au/__da
Slide 11: Victoria a Gift That Keeps on Giving
Victoria a Gift That Keeps on Giving 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, 0.3 % Sb) Gebre-Mari
Slide 12: Regional Trends
Regional Trends • Clear geochemical Parallel Dyke anomalies can be trends identified from a combined trace element additive index using Au, As, Sb and Mn. • Parallel dyke trends identified in outcrop and historic mining occurrences. Sunday Creek SDDLV003: 0.5 m @ 15.7 g/t Au SDDLV004: 0.3m@ 19.4 g/t
Slide 13: 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. Core area drilled over 1km “Rungs” extend from surface to 1.1km depth, Each “rung” 20-100m long, Apollo av. width 3.8m (median 3.4m), Rising Sun av. width 2.7m (median 2.3m), max 10.9m 70 “rungs” identif
Slide 14: Plan View Main Drill Area
Plan View Main Drill Area TSXV:SXGC ASX:SX2 14
Slide 15: Long Section View Main Drill Area
Long Section View Main Drill Area TSXV:SXGC ASX:SX2 15
Slide 16: Exploration Target (Jan 24)
Exploration Target (Jan 24) 1,200 m OPEN Leviathan Maiden Exploration Target for OPEN Tonstal Sunday Creek – January 2024 10 km 4.4 - 5.1 million tonnes grading at 7.2 g/t AuEq to 9.7 g/t AuEq for 1.0Moz AuEq to 1.6Moz AuEq The potential quantity and grade of the Exploration Target is conceptual in
Slide 17: Vein Sets: Geological Likeness Informs Continuity
50 Vein Sets: Geological Likeness Informs Continuity *Estimated true widths quoted Schematic View – Looking north-west 1 Shear vein – high-grade core 2 Vein arrays – extension veins 3 Disseminated pyrite 9.0 m @ 16.5 g/t AuEq (14.6 g/t Au, 1.0% Sb) from 565.8m (SDDSC082 ) TSXV:SXGC ASX:SX2 17
Slide 18: Coefficient of Variation
Coefficient of Variation Rising Sun Understanding grade continuity is crucial for high-grade gold deposits. Low variability or coefficients of variations (CV, standard deviation over mean) in assay results lowers geological risk and reduces the cost of capital (less drilling/more confidence in model
Slide 19: Does High-Grade Mean High Nugget? No!
Does High-Grade Mean High Nugget? No! 1. Victorian epizonal Au-Sb is high-grade and not nuggety = reconcilable, high-margin mines 2. Repeatable data in lab and in core (visible gold both sides of core) = confidence 3. Understanding and constraining geology leads to low CV (<2) SDDSC107 from 684.7 m
Slide 20: Metallurgy
Metallurgy Non-refractory, simple gravity-flotation flow sheet • Utilized Costerfield flow sheet • Mineralogical investigations demonstrated a high proportion of non-refractory Preliminary native gold (82% - 84%). Metallurgical Test Work • Gravity (18-33%) with bulk flotation resulted in 93.3% - 97.
Slide 21: Antimony – Yesterday's and Today's Critical Metal
Antimony – Yesterday’s and Today’s Critical Metal Historically and economically, antimony is the second most important metallic commodity in Victoria after gold. The Victoria gold mining industry practically 1. Antimony (sb) 6. Indium (In) 11. Rare Earth Elements – of 17 closed at the onset of WW1.
Slide 22: Antimony from Greek "anti" (not) and "monos" (alone)
Antimony from Greek “anti” (not) and “monos” (alone) Costerfield Au-Sb Mine Australia’s only Sb o Second most important metal in Victoria producer o 1870s: European wars o WW1: Imperial Munitions Act to ship concentrates to the UK Sunday Creek Au-Sb TSXV:SXGC ASX:SX2 22
Slide 23: Critical minerals and national security
TSXV:SXGC ASX:SX2 23 https://www.visualcapitalist.com/the-critical-minerals-to-china-eu-and-u-s-national-security/
Slide 24: Critical and Strategic
Demand Critical and Strategic o Defence critical Metallurgical o Semiconductors The main driver for o Solar panels (17% global in mined antimony recycled 2022) o Battery metal for its role in liquid metal (Sb-Ca Ambri – Reliance/Gates) TSXV:SXGC ASX:SX2 24
Slide 25: Supply (Russia + China = 82%)
Supply (Russia + China = 82%) 2% 7% TSXV:SXGC ASX:SX2 25
Slide 26: AUKUS and China Export Restrictions
AUKUS and China Export Restrictions SXGC are members of Defense Industrial Base Consortium (DIBC) https://www.dibconsortium.org/ https://www.minister.defence.gov.au/media-releases/2023-12-15/passage-priority-aukus-submarine-and-export-control-exemption-legislation-united-states- TSXV:SXGC ASX:SX2 co
Slide 27: Gold Antimony
Not only strategic, also valuable Gold Antimony TSXV:SXGC ASX:SX2 27
Slide 28: 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 Looking south from drill area TSXV:SXGC ASX:SX2 28
Slide 29: Positioning For Development with Victoria Open for Business
Positioning For Development with Victoria Open for Business Two major Victorian mines permitted in Dec 2024 Critical Mineral Roadmap – Mine assessment review of no longer than 18 months, Critical Mineral Priority Development Zones for mineral sands, antimony and other critical minerals. Daniel Thomp
Slide 30: Victorian Sustained Mine Permitting and Development
Victorian Sustained Mine Permitting and Development 5 Gold Mines Operating Today VICTORIAN GOVERNMENT INITIATIVES Operating Mines Today Approvals Coordination Development Facilitation “A$23.3m to drive investment by removing uncertainty around resource Program (“DFP”) approvals” “Faster decisions fo
Slide 31: Our People
Our People 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, Shire, Taungurung Lands
Slide 32: Directors and Key Management
Directors and Key Management Tom Eadie Michael Hudson Georgina Carnegie David Henstridge Lisa Gibbons Non- Executive President & CEO, Non-Executive Non-Executive General Manager Chairman Director Director Director 30+ years' experience as a Explorer, mining executive Explorationist and Experienced e
Slide 33: Timetable Next Steps
Timetable Next Steps 2025 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 60 km drill program to Q3 Regional IP Advanced Metallurgy (focus maximize gold into a gravity con and minimize As into Sb-Au con) / Preliminary engineering Baseline Environmental Studies/ Permitting Hydrogeological Studies/ Fr
Slide 34: Progress
Progress Highest hit rate globally, grade increasing at depth: • 55 intersections > 100 AuEq g/t x m from 70.7 km drilling • 455.3 m @ 7.2 g/t Au including 1.0 m @ 2,318 g/t Au • 331.5 m @ 6.8 g/t Au including 13.1 m @ 91.7 g/t Au Free milling gold, 20% antimony by-product (defence critical) Large e
Slide 35: Contact Us
Contact Us 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@southerncrossgold.com 4
Slide 36: Appendices
Appendices TSXV:SXGC ASX:SX2 36
Slide 37: 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 datasets including: ✓ Fifty years of historic mining records and drilled continuity below mined areas ✓ Geological likeness ✓ Structural oriented drill core data, q
Slide 38: Lab Duplicates Demonstrate Homogeneity of Samples
Lab Duplicates Demonstrate Homogeneity of Samples REPEAT FIRE ASSAYS AT SUNDAY CREEK 20 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 data at Sunday 4 Creek
Slide 39: 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 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 results between Fire
Slide 40: Structural Geology: Stereonets Inform Continuity
Structural Geology: Stereonets Inform Continuity 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 veins bearing veins – fo
Slide 41: Brittle to Ductile Transition
Brittle to Ductile Transition Brittle Features Our Focus 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 41
Slide 42: Brittle to Ductile Transition at Sunday Creek
Brittle to Ductile Transition at Sunday Creek 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 42
Slide 43: Paragenesis of Sunday Creek Au-Sb mineralization
Paragenesis of Sunday Creek Au-Sb mineralization DESCRIPTION: 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 sets Stratigraphic packag
Slide 44: Paragenesis of Sunday Creek Au-Sb mineralization
Paragenesis of Sunday Creek Au-Sb mineralization DESCRIPTION: 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 Sb Au bearing Shear V
Slide 45: Paragenesis of Sunday Creek Au-Sb mineralization
Paragenesis of Sunday Creek Au-Sb mineralization DESCRIPTION: 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 Anticline fold hinge Sb A
Slide 46: Paragenesis of Sunday Creek Au-Sb mineralization
Paragenesis of Sunday Creek Au-Sb mineralization DESCRIPTION: 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 hinge Anticline fold h
Slide 47: Paragenesis of Sunday Creek Au-Sb mineralization
Paragenesis of Sunday Creek Au-Sb mineralization DESCRIPTION: 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 - Sandstone Major Fault M
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