Southern Cross Gold Completes Final Tranche of Private Placement to Boost Sunday Creek Project

Southern Cross Gold Consolidated Ltd. Chees Depository Interest Repr 1 shs ( (AU:SX2) ) has issued an announcement.

Southern Cross Gold Consolidated Ltd. has successfully closed the third and final tranche of its C$143M/A$162M private placement, raising C$24,442,371. The funds will be used to advance the Sunday Creek Gold-Antimony Project, with significant allocations for drilling, development, and exploration. This strategic move positions the company to capitalize on its dual-metal resource, enhancing its potential as a key supplier of antimony in the Western world, while also focusing on gold economics to mitigate risks.

More about Southern Cross Gold Consolidated Ltd. Chees Depository Interest Repr 1 shs

Southern Cross Gold Consolidated Ltd. is a company focused on the exploration and development of the Sunday Creek Gold-Antimony Project, located 60 km north of Melbourne, Australia. The project is notable for its gold and antimony mineralization, which follows a ‘Golden Ladder’ structure over a 12 km strike length. The strategic value of the project is enhanced by its dual-metal profile, particularly due to antimony’s significance in defense and semiconductor applications, especially following China’s export restrictions on the metal.

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