Southern Cross Gold Consolidated (OTCPK:MWSN.D) 2025 Conference Transcript

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.