Southern Cross Gold Consolidated Ltd. · TSX:SXGC
Southern Cross Gold Consolidated — Investor Presentation (March 2025)
52 slides from Southern Cross Gold Consolidated's investor presentation, Mar 5, 2025
Slide 1: Sunday Creek: An Expanding and Significant Global Gold Discovery
For personal use only Sunday Creek An Expanding and Significant Global Gold Discovery Corporate Update: March 05, 2025 SXGC SX2
Slide 2: Important Information
Important Information Overview: This presentation (this “Presentation”) dated March 05, 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
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 For personal use only Exceptional Hit Rate 3 Clear Objectives 6 diamond drill rigs Funded with permits operating at site Aim to increase capacity A$18 m cash Sunday Creek compares Drilling plan has three clear favorably with global leading obje
Slide 6: Corporate Structure
Corporate Structure For personal use only Capitalization Summary Major Shareholder Summary UHNW (Darren Morcombe, Pierre Lassonde, Kiril Sokoloff ++) 31.2% Share Price C$3.31/A$3.41 TSXV:SXGC, ASX:SX2 – FEB 28, 2024 Institutions (Franklin Templeton, Konwave, Ruffer, Merk, Earthlabs, SG Hiscock, Pend
Slide 7: Last Decade: 12 Key Discoveries
Tier 1 Location Last Decade:12 Key Discoveries Gold Sunday Creek project is one of the For personal use only Copper very few GLOBAL independently Lithium owned large and high margin gold PGE greenfield projects that is growing Hemi quickly Havieron MinEx Consult: Twelve Tier 1 & 2 Bellevue were made
Slide 8: Database Analysis: Grade vs Width
Database Analysis: Grade vs Width 60 hits > 100 AuEq g/t x m Top 10 intersections at Sunday Creek 67 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 9: Sunday Creek Building Ounces Rapidly
Sunday Creek Building Ounces Rapidly For personal use only 1967: Eastern Prospectors drilled 5 holes for 300 m 2020-2021: Mawson drilled 30 holes for 6,928 m 2022 1994: Ausminde drilled 29 holes for 958 m 6x 50-100 g/t*m and 2x >100 g/t*m Southern Cross Gold drilled 33 holes for 10,348 m 5x 50-100 g
Slide 10: Exploration and Mining History
Exploration and Mining History For personal use only 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
Slide 11: Regional Setting
Regional Setting For personal use only Fosterville Costerfield Sunday Creek Willman et al., 2010 Mesozonal Sb-As bearing, mainly TSXV:SXGC ASX:SX2 character epizonal character 11
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 and Parallel Trends
Regional and Parallel Trends • Clear geochemical anomalies can be For personal use only identified from a combined trace element additive index using Au, As, Sb and Mn. • Parallel dyke trends identified in outcrop and historic mining occurrences. • Regional Scale Induced Polarisation (IP) Survey and
Slide 14: 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 15: Plan View Main Drill Area
Plan View Main Drill Area For personal use only TSXV:SXGC ASX:SX2 15
Slide 16: Long Section View Main Drill Area
Long Section View Main Drill Area For personal use only TSXV:SXGC ASX:SX2 16
Slide 17: Exploration Target (March 2025)
Exploration Target (March 2025) 1,500 m Leviathan OPEN Tonstal 10 km Exploration Target for Sunday Creek March 2025 For personal use only 8.1 – 9.6 million tonnes grading at 8.3 g/t AuEq to 10.6 g/t AuEq for 2.2Moz AuEq to 3.2Moz AuEq The potential quantity and grade of the Exploration Target is con
Slide 18: 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 19: Depth: Victorian Epizonal Systems Continue to at least km
Depth: Victorian Epizonal Systems Continue to at least 2 km 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 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: Does High-Grade Mean High Nugget? No!
Does High-Grade Mean High Nugget? No! For personal use only 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)
Slide 23: Metallurgy
Metallurgy Non-refractory, simple gravity-flotation flow sheet For personal use only • Sighter Tests 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 bu
Slide 24: Antimony – Yesterday's and Today's Critical Metal
Antimony – Yesterday’s and Today’s Critical Metal For personal use only 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
Slide 25: Antimony from Greek "anti" and "monos"
Antimony from Greek “anti” (not) and “monos” (alone) For personal use only 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 25
Slide 26: Antimony – Defence Strategic
Antimony – Defence Strategic Reserves Mine Supply For personal use only (70% Unfriendly) (Rest World = 8%) TSXV:SXGC ASX:SX2 26
Slide 27: AUKUS and China Export Restrictions
AUKUS and China Export Restrictions For personal use only 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
Slide 28: Not only strategic, also valuable
Not only strategic, also valuable For personal use only Gold Antimony TSXV:SXGC ASX:SX2 28
Slide 29: 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 29
Slide 30: 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 31: 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 32: 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 33: 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 34: 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 35: Key Catalysts Next Quarter
Key Catalysts Next Quarter For personal use only Drill expansion of the main area while conducting monthly internal modelling updates with SRK Consulting to maintain a detailed understanding of the evolving system Testing regional targets along the 12 km strike length through mapping, geophysics, so
Slide 36: Timetable Next Steps
Timetable Next Steps 2025 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC For personal use only 60 km drill program to Q3 Regional IP Exp. Target V2 Exp. Target V3 Advanced Metallurgy (focus maximize gold into a gravity con and minimize As into Sb-Au con) / Preliminary engineering Baseline Environme
Slide 37: Strategy Driven By Overlapping Lassonde Curves
Strategy Driven By Overlapping Lassonde Curves For personal use only nitial Discovery Second Discovery Third Discovery Value Com ined Gro th alue alue Time (and Dependencies: Exploration Target V1/V2/V3 Cost) to Resource V1/V2/V3 Drill Out Permitting and “Open” Windows Discovery easi ility Developme
Slide 38: Progress
Progress For personal use only Highest hit rate globally, grade increasing at depth: • 60 intersections > 100 AuEq g/t x m from 73.3 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, 21-24% antimony by-product (
Slide 39: 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 40: Appendices
Appendices For personal use only TSXV:SXGC ASX:SX2 40
Slide 41: 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 42: 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 43: 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 44: 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 45: 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 46: 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 46
Slide 47: 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 47
Slide 48: 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 49: 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 50: 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 51: 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 52: 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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