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Southern Cross Gold Announces Inclusion in the VanEck Junior Gold Miners ETF (GDXJ) and FTSE Canada All Cap Index
TMX Newsfile· 2026-03-20 10:00
Core Viewpoint - Southern Cross Gold Consolidated Ltd has been added to the VanEck Junior Gold Miners ETF (GDXJ) and the FTSE Canada All Cap Index, effective March 20, 2026, which is expected to enhance the company's visibility and liquidity in the market [1][3][5]. Company Overview - Southern Cross Gold Consolidated Ltd (TSX: SXGC, ASX: SX2, OTCQX: SXGCF) is focused on the Sunday Creek Gold-Antimony Project, located 60 km north of Melbourne, which is recognized as a significant gold and antimony discovery [9][10]. - The project has reported high-grade drill results, including 81 composite intersections exceeding 100 g/t Au from 114.8 km of drilling, indicating a strong mineralization profile [9][11]. Market Impact - Inclusion in the GDXJ, which has approximately US$9 billion in net assets, is expected to create a structural demand for SXGC shares, as funds flowing into the ETF will allocate a portion to the company [2][4]. - The FTSE Canada All Cap Index represents a broad spectrum of Canadian stocks, enhancing the company's exposure to institutional and retail investors [2][7]. Strategic Positioning - The Sunday Creek project is positioned as a critical source of antimony, especially in light of China's export restrictions, making it strategically important for defense and energy storage applications [6][10]. - The company is part of the US Defense Industrial Base Consortium (DIBC), which further solidifies its role as a potential key supplier of antimony in the Western market [10]. Financial and Operational Strength - Southern Cross Gold has a strong cash position and owns 1,392 hectares of strategic freehold land, with plans for a large 200 km drill program through Q1 2027 [12]. - Preliminary metallurgical work indicates high gold recoveries of 93% to 98% through conventional processing methods, strengthening the investment case for the project [11].