Core Viewpoint - Southern Cross Gold Consolidated Ltd has received conditional approval to list its common shares on the Toronto Stock Exchange, transitioning from the TSX Venture Exchange while continuing to trade on the Australian Securities Exchange under the symbol "SX2" [1][2]. Company Overview - Southern Cross Gold Consolidated Ltd controls the Sunday Creek Gold-Antimony Project, located 60 km north of Melbourne, Australia, which is recognized as a significant gold and antimony discovery with exceptional drilling results [4]. - The project has reported 66 intersections exceeding 100 g/t AuEq x m from just 84 km of drilling, with mineralization extending over a 12 km strike length and confirmed continuity from surface to 1,100 m depth [4]. Strategic Value - The dual-metal profile of Sunday Creek, with antimony contributing approximately 20% of the in-situ value alongside gold, has gained importance due to China's export restrictions on antimony, a critical metal for defense and semiconductor applications [5]. - Southern Cross is positioned as a potential key Western antimony supplier, especially following its inclusion in the US Defense Industrial Base Consortium and legislative changes related to AUKUS [5]. Technical Fundamentals - Preliminary metallurgical work indicates non-refractory mineralization suitable for conventional processing, achieving gold recoveries of 93-98% through gravity and flotation methods [6]. - The company maintains a strong cash position, owns over 1,000 hectares of strategic freehold land, and has a large 60 km drill program planned through Q3 2025, positioning it well to advance its gold-antimony discovery [6].

Core Viewpoint - Southern Cross Gold Consolidated Ltd has successfully closed the second tranche of its private placement, raising approximately C$29.87 million to support the development of the Sunday Creek Gold-Antimony Project in Australia [1][4]. Group 1: Financial Details - The second tranche involved the issuance of 6,636,918 common shares, with 550,000 converted to Chess Depositary Interests (CDIs), at a price of C$4.50 (A$5.10) each [2][10]. - The total gross proceeds from the second tranche amounted to C$29,866,131 [2][7]. - A third tranche is anticipated to close around May 16, 2025, with expected gross proceeds of up to approximately C$24.44 million [4]. Group 2: Project Development - The net proceeds from the placement are earmarked for key milestones in the Sunday Creek project, including C$53 million for drilling to establish an Inferred Resource by Q1 2027, C$27 million for decline development, C$4 million for a Preliminary Economic Assessment, and C$59 million for exploration and working capital [11]. - The Sunday Creek project is located 60 km north of Melbourne and is recognized as one of the significant gold and antimony discoveries in the Western world, with a mineralization structure extending over 12 km [13][14]. Group 3: Strategic Importance - The dual-metal profile of the Sunday Creek project, with antimony contributing 20% of the in-situ value alongside gold, positions the company strategically, especially in light of China's export restrictions on antimony [14]. - Southern Cross Gold's inclusion in the US Defense Industrial Base Consortium and legislative changes related to AUKUS enhance its potential as a key supplier of antimony in the West [14].