Summary of Southern Cross Gold Consolidated Conference Call Company Overview - Southern Cross Gold Consolidated is a dual-listed company on the TSX and ASX, focusing on the Sunday Creek Project in Victoria, Australia, which is recognized as one of the most exciting gold discoveries globally [1][20]. Key Points Project Development - The Sunday Creek Project has a multi-million ounce deposit with an average grade of 10 grams per tonne (g/t) [1]. - The project has achieved a hit rate of 6,900 gram meters or better over approximately 90 kilometers of drilling, indicating a strong potential for gold discovery [2]. - Currently, the company operates nine drilling rigs, with plans to increase to ten in October and eventually to 22 once a decline is permitted [2]. - The decline construction is expected to be completed by mid-next year, with a budget of approximately AUD 30 million (CAD 27 million) [9]. Financial Position - The company has $160 million in cash, fully funding its exploration and development programs [3]. - The shareholder base includes notable investors who own 30% of the stock, providing confidence in the company's direction [4]. Exploration and Resource Estimates - The exploration target is estimated to be between 2.2 to 3.2 million ounces, with a potential range of 8.3 to 10.6 g/t [6][14]. - The company is converting approximately 7.5 ounces from every meter drilled into the resource [7]. - The drilling program is extensive, with plans for 200 kilometers of drilling to establish a substantial resource [9]. Geological Insights - The geological structure includes a band of rocks about 100 meters wide, with extensive high-grade veins that have been historically mined [13][14]. - The average widths of the mineralized structures are between 2.3 to 3.8 meters, with some wider structures present [12]. Antimony Component - The project also has significant antimony resources, which are valuable due to recent export bans from China [17]. - Antimony is expected to aid in permitting the project, while gold will cover development costs [19]. Market and Regulatory Environment - Victoria has recently permitted four mines in the last six months, indicating a favorable regulatory environment for mining operations [20]. - The company emphasizes value creation per share in its decision-making processes, aiming to maximize shareholder returns [20]. Additional Insights - The company is in the early stages of its discovery, with only about 10% of the potential resource explored [19]. - The project is positioned strategically near major mining operations like Fosterville and Costafield, enhancing its exploration potential [12][19]. This summary encapsulates the critical aspects of Southern Cross Gold Consolidated's conference call, highlighting the company's promising project, financial stability, and strategic positioning within the mining industry.

Core Viewpoint - International Tower Hill Mines Ltd. has announced positive results from the first phase of the metallurgical study on antimony mineralization at the Livengood Gold Project, indicating potential for further exploration and development [1][4]. Company Overview - International Tower Hill Mines Ltd. holds a 100% interest in the Livengood Gold Project, located 70 miles north of Fairbanks, Alaska, along the paved Elliott Highway [7]. Technical Report Summary - The most recent S-K 1300 Technical Report Summary, amended on October 13, 2023, introduced a new geological model for the Livengood deposit, detailing a gold reserve of 9.0 million ounces within a measured and indicated resource of 13.6 million ounces [2]. - The report projected a gold production of 6.4 million ounces over 21 years, but did not include metallurgical studies on the recoverability of antimony from the stibnite veins at that time [2]. Metallurgical Study Results - Following the March 4, 2025 announcement, the company compiled four metallurgical composites from individual veins and sent them to Advanced Mineral Technology Laboratory Ltd. for antimony deportment work [3]. - The assays indicated that antimony is primarily carried by stibnite, with most stibnite being of a floatable size (>10 micron), and liberation of stibnite is effective at a grind size of p80 250 micron, suggesting good potential for flotation [3]. Next Steps - The results from the metallurgical study justify moving into the next phase of testing to evaluate potential flowsheets and flotation responses, with plans to commence this work immediately at SGS Vancouver and SGS Lakefield [4].

Core Viewpoint - The company is excited to initiate reverse circulation (RC) drilling at the Sherlock Crossing Project in West Pilbara, targeting high-grade gold-antimony mineralization, marking a significant milestone in its exploration strategy [2][4][6]. Exploration Activities - The maiden RC drilling program at Sherlock Crossing consists of 8 holes over approximately 1,000 meters, focusing on high-grade Au-Sb mineralization at the historic Clarke Mine [6][7]. - The company is also advancing geological understanding at the Southeast Wyloo prospect through reconnaissance field mapping and sampling, preparing it for drilling [4][10]. - In New South Wales, the company is actively exploring its gold assets, including ongoing fieldwork at Tibooburra and progressing regulatory approvals for the John Bull Gold Project, with drilling expected to commence in Q4 2025 [5][24][27]. Results and Findings - Previous rock chip sampling at Sherlock Crossing yielded grades of up to 4.7% Sb and 146.7 g/t Au, indicating strong potential for mineralization [7][8]. - Peak results from the Wyloo project include 482 g/t Ag, 1.29% Sb, and 0.93 g/t Au, confirming coherent Sb-Ag-Au anomalies in the area [6][11]. - The company anticipates completing the RC drilling at Sherlock Crossing by September 2025, with results expected in mid-October [21]. Future Plans - The company plans to conduct follow-up drilling at the Wyloo project in Q4 2025, pending necessary approvals [23]. - At the Balla Balla gold project, follow-up work is planned to assess polymetallic anomalies identified in the Q2 2025 drilling program [18][20]. - The company is also preparing for a maiden RC drilling program at the John Bull Gold Project, targeting four key areas [27].

Core Viewpoint - NevGold Corp. has initiated its 2025 drill program at the Limousine Butte Project in Nevada, focusing on the potential for oxide gold-antimony mineralization and aiming to advance towards an initial Mineral Resource Estimate [1][3]. Group 1: Drill Program Details - The company has commenced a 5,000 meter Reverse Circulation drill program targeting the Resurrection Ridge and Cadillac Valley areas, with the initial phase starting at Resurrection Ridge [4]. - This drill program is the first to focus on both gold and antimony at the project, utilizing a large historical drillhole database for delineation and expansion [4]. - The program is conducted under an approved Plan of Operations permit, allowing exploration of previously untested targets, which enhances mineralization expansion potential [4]. Group 2: Geological Insights - Recent construction activities have exposed new stibiconite outcrops, indicating strong geological potential on the eastern side of Resurrection Ridge, with mineralization open to the east [4]. - The technical team has developed a comprehensive understanding of the regional and project geology, which supports the advancement of the project [3]. Group 3: Company Strategy and Market Context - The company emphasizes its capability to rapidly advance project development due to its institutional knowledge and the favorable macroeconomic environment for domestic mineral projects in the United States [3]. - The focus remains on unlocking the gold-antimony potential at Limousine Butte, reflecting a commitment to high-quality mineral exploration and development [3].

TORONTO, Aug. 26, 2025 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to provide a short summary of news from Bryah Resources Limited (BYH-ASX) which has the Devil’s Pike gold/antimony property under option from Globex. (See Globex press release dated May 22, 2025). Globex has r ...

Core Viewpoint - Nova Minerals Limited is receiving strong support from Alaska State government officials and the Australian Consular-General for its Estelle Gold and Critical Minerals Project, which is gaining strategic recognition and aligning with state infrastructure and economic development goals [1][3][11] Group 1: Project Development and Strategic Importance - The Estelle Project is recognized as a potential key contributor to domestic resource security, particularly in light of recent U.S. Presidential Executive Orders [3][10] - The project is one of only nine global projects identified for near-term antimony production potential, alongside a rapidly expanding gold resource, positioning it as a valuable dual-commodity asset [3][4] - The project is evolving into a strategic mineralized district, critical for Western supply chain security and reducing reliance on foreign critical minerals [4][11] Group 2: Infrastructure and Government Support - Key infrastructure projects discussed include the West Susitna Access Road, which will provide year-round access to the Estelle Project, and enhancements to Port MacKenzie for logistics and export capacity [5][6] - Alaska Governor Mike Dunleavy has expressed strong support for the West Susitna Access Road, emphasizing its value for local residents and economic opportunities [7][8] - The Australian Consular-General's visit to the Estelle Project highlights the growing collaboration between Australia and the U.S. in the strategic minerals sector [11] Group 3: Funding and Collaboration - Nova is advancing applications for potential non-dilutive funding from the U.S. Department of Defense, which could significantly accelerate project development [4] - The company is collaborating closely with state and federal partners to fast-track permitting and infrastructure integration for large-scale production [10]

Financial Data and Key Metrics Changes - Revenues for the first six months of 2025 increased by 160% year over year, reaching $17.5 million, which is $3 million more than the entire 2024 fiscal year [3][5] - Gross profit rose by 183% year over year to $5.2 million, driven by higher average sales prices in both antimony and zeolite businesses [4][6] - Net income for the first half of 2025 was $728,000, up 707% year over year from a loss of $120,000 in the same period last year [4][13] Business Line Data and Key Metrics Changes - Antimony business revenues increased by 203% year over year, contributing $10.4 million to the overall revenue growth, with average sales price rising from about $6 per pound to approximately $22 per pound [5][6] - Zeolite business revenues grew by 24% year over year, with 60% of the increase attributed to higher volume and 40% to higher prices [5] Market Data and Key Metrics Changes - The company reported a significant increase in antimony ore supply, with the supplier delivering twice as much ore compared to the previous year, particularly in the second quarter [10][12] - Inventory levels increased by $5.6 million due to the rise in antimony inventory, indicating strong demand and supply chain adjustments [9][12] Company Strategy and Development Direction - The company is focused on expanding its antimony processing capacity and has increased its staff and supplier relationships to support this growth [12][13] - Strategic acquisitions of mining claims and properties in Alaska, Montana, and Canada are aimed at positioning the company for future growth opportunities [12][13] - The company is actively engaging with the Department of Defense for potential collaborations related to antimony and tungsten, emphasizing its unique position as the only domestic processor of these critical minerals [33][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the anticipated increase in antimony supply and the ongoing expansion of processing facilities [32][94] - The company is addressing regulatory challenges in Alaska, with expectations of overcoming permitting delays to begin operations [27][68] - Management noted the importance of educating local communities about the benefits of mining operations to gain public support [70] Other Important Information - The company has dual-listed on the NYSE Texas Stock Exchange, enhancing its visibility and engagement with institutional investors [44] - A new marketing initiative is set to launch, aimed at increasing public awareness of the company's role in the critical minerals supply chain [45] Q&A Session Summary Question: Do you anticipate any domestic or supply deals in the near future? - The company indicated that there are no other domestic antimony supplies expected in the short term, aside from its own operations in Montana and Alaska [59] Question: Has the leasehold acreage in Alaska increased? - The company confirmed that the acreage has increased to approximately 30,000 acres due to recent acquisitions [60] Question: Can you provide an update on the $240 million contract from the Defense Logistics Agency? - The company acknowledged the contract and expressed hope for positive outcomes following the solicitation's conclusion [64] Question: What is the status of government funding and potential offtake? - The company remains optimistic about securing government funding and is actively negotiating to ensure shareholder protection [65][66] Question: How receptive has the current administration been in expediting permitting processes? - The company noted that while the federal administration is supportive of critical minerals, the permitting delays are primarily due to state-level processes [68] Question: What are the next steps for tungsten-bearing properties? - The company plans to conduct gravity separation tests and is in the permitting process for bulk sampling [80][84] Question: Why is the North American antimony feedstock supplier shipping more recently? - The increase is attributed to a renegotiated contract and the supplier's need to offload material rather than sending it to waste [88]

Company Overview - Alkane Resources Limited is a diversified Australia-based gold and antimony producer with a portfolio of three operating mines across Australia and Sweden [4] - The company operates the Tomingley open pit and underground gold mine in New South Wales, the Costerfield gold and antimony underground mining operation in Victoria, and the Björkdal underground gold mine in Sweden [4] - Alkane has a strong balance sheet and is positioned for further growth, with ongoing near-mine regional exploration to increase resources at all three operations [4] Market Transition - Alkane Resources Limited has successfully upgraded to the OTCQX Best Market from the Pink market, enhancing its visibility and accessibility for U.S. investors [1][2] - The upgrade to OTCQX is significant for companies seeking transparent trading for U.S. investors, as it allows them to utilize home market reporting to provide information in the U.S. [3] - Companies must meet high financial standards and follow best practice corporate governance to qualify for OTCQX [3] Strategic Developments - The merger with Mandalay Resources is highlighted as a pivotal milestone in Alkane's growth strategy [4] - The company is focused on building a diversified, high-quality gold and antimony production profile [4] - Alkane is also advancing the Boda-Kaiser Project, a large gold-copper porphyry project in New South Wales, and has outlined an economic development pathway in a Scoping Study [4]

Core Insights - Southern Cross Gold Consolidated Ltd has announced a significant metallurgical development at its Sunday Creek Gold-Antimony Project, focusing on selective flotation processing that yields high-grade, low-arsenic antimony-gold concentrate [1][5][10] Metallurgical Development - Stage 2 test work has successfully demonstrated selective flotation processing, producing a high-grade, low-arsenic antimony-gold concentrate while achieving excellent recovery of native gold [2][3] - The selective flotation technology identified specialized collector chemistry that effectively separates antimony minerals from arsenic-bearing minerals, addressing a critical requirement while maintaining high gold recovery [3][5] - Overall gold recovery ranges from 92.3% to 95.6% across three product streams, indicating a robust processing capability [4][16] Product Streams - The project has established a three-product processing strategy: 1. Gravity gold concentrate, achieving direct recovery of native gold up to 51.4% of feed gold [23] 2. Antimony-gold concentrate, producing high-grade concentrates with antimony grades of 48.2% to 53.1% and gold grades reaching up to 93.2 g/t [8][16] 3. Sulphide concentrate, capturing remaining free gold and gold associated with pyrite-arsenopyrite [23] Economic Potential - The combination of excellent overall native gold recovery and the ability to produce premium antimony concentrates enhances the project's economic potential, particularly given the favorable market conditions for antimony due to recent export restrictions from China [5][33] - Antimony represents approximately 21% to 24% of the in-situ recoverable value of the Sunday Creek project, highlighting its significance alongside gold [32][37] Future Development - The company plans to scale up processing through locked-cycle testing, pilot plant evaluation, and process plant design targeting Q1 2027 [4][20] - Future testing will focus on optimizing recovery rates, understanding the impact of grind size, and developing geometallurgical models across deposit zones [20][38]

Core Viewpoint - Alkane Resources Limited and Mandalay Resources Corporation have successfully completed their merger, creating a dual-listed gold and antimony producer with enhanced operational scale and financial flexibility [1][3]. Transaction Details - The merger was executed through a statutory plan of arrangement, with Mandalay shareholders receiving 7.875 Alkane Shares for each Mandalay Share held [1][4]. - The Mandalay Shares are expected to be delisted from the TSX on or about August 6, 2025, and Mandalay has applied to cease being a reporting issuer in Canada [4]. Strategic Positioning - The combined company will operate in premier mining jurisdictions, including Costerfield (Victoria, Australia), Tomingley (New South Wales, Australia), and Björkdal (Skelleftea, Sweden [3]. - The merger is expected to create a stronger platform for sustainable growth, with a diversified production base and broader exploration pipeline [3][7]. Financial Highlights - The combined company is projected to produce 160,000 AuEq ounces in FY2025, increasing to over 180,000 AuEq ounces in FY2026 [7][21]. - Pro forma cash is estimated at A$218 million, positioning the company to advance growth priorities [7]. Management and Governance - The new board of directors includes three former Mandalay directors and two existing Alkane directors, along with a new independent Chair [8]. - The management team will be led by Nic Earner as Managing Director and CEO, with key former Mandalay executives joining to ensure continuity [9]. Reporting and Compliance - Following the merger, Alkane became a reporting issuer in all Canadian provinces and territories except Québec and intends to file several technical reports in compliance with NI 43-101 [10].