Welcome to our dedicated page for SOUTHERN CROSS news (Ticker: MWSNF), a resource for investors and traders seeking the latest updates and insights on SOUTHERN CROSS stock.
Southern Cross Gold Ltd. (MWSNF) delivers focused exploration updates from its high-grade gold-antimony projects in Victoria's historic mining regions. This page aggregates official press releases, operational milestones, and technical disclosures from the company's systematic exploration programs.
Investors and industry observers will find timely updates on the Sunday Creek project's drilling campaigns, resource modeling advancements, and strategic initiatives. Content spans project expansions, geological discoveries, and operational partnerships, curated to support informed analysis of this emerging gold-antimony explorer.
All materials maintain the company's rigorous standards for technical reporting, with verified assay results and QA/QC protocols. Regular updates reflect Southern Cross's commitment to transparent communication regarding its epizonal deposit exploration strategies in Australia's premier mining jurisdictions.
Bookmark this page for direct access to unfiltered operational updates from one of Victoria's most active exploration companies. Combine these primary sources with third-party analysis for comprehensive investment research into strategic metals development.
Mawson Gold Limited (OTC PINK:MWSNF) announced the resignation of CEO Ivan Fairhall, effective immediately, with the Board expressing gratitude for his service. Ms. Noora Ahola, the company's Environmental Director since 2016, has been appointed as the Interim CEO. Ahola's leadership experience in Finland is expected to ensure minimal operational disruption and maintain focus on growth, particularly for the Rajapalot gold-cobalt project. The Company has made significant progress in developing its assets, highlighted by the October 2022 PEA and the successful spin-out of Australian assets into Southern Cross Gold Ltd.
Mawson Gold Limited (MWSNF) announced drill results from the Sunday Creek Project, revealing significant mineralization. Key findings include 18.6 m at 4.1 g/t AuEq in drill hole SDDSC055, confirming the continuity of the Rising Sun shoot over 250 m down dip across five drill holes. This follows a prior intersection of 305.8 m at 2.4 g/t AuEq in SDDSC050. Drilling continues with three rigs on 13 holes, reinforcing potential for further discoveries. Mawson holds a 51% stake in Southern Cross Gold, valued at approximately A$59 million. CEO Ivan Fairhall noted promising developments for potential mining operations.
Mawson Gold Limited (MWSNF) announced the appointment of Bruce Griffin as an Independent Director of its Board. Griffin, an accomplished resources professional with over 30 years of experience, has held senior roles at several companies, including Sheffield Resources and BHP. Executive Chairman Michael Hudson expressed enthusiasm for Griffin's corporate expertise, which could help unlock value across Mawson's diverse assets. The company also reported a change in its shareholder base, welcoming new investors while acknowledging the departure of Sentient Equity Partners. Additionally, Mawson granted stock options for the acquisition of 8,900,000 shares at $0.24, exercisable over three years.
Mawson Gold Limited (MWSNF) announced significant gold mineralization at Sunday Creek Project, Victoria, following drilling results from two holes SDDSC051 and SDDSC052. The drilling extended the mineralization strike by 40 m with intersections of high-grade zones, including 10.7 m at 4.8 g/t AuEq and a remarkable 0.4 m at 95.0 g/t AuEq. The project continues to show promise, supported by a strong market value of Mawson's stake in Southern Cross Gold, valued at A$68 million. Mawson's CEO noted the continuity of high-grade structures at Sunday Creek, indicating ongoing exploration potential. Future news related to these drilling efforts is anticipated.
Mawson Gold Limited (MWSNF) announced further high-grade gold mineralization from drill hole SDDSC050 at the Sunday Creek Project, Victoria. The results showed new mineralized zones with assays up to 95.6 g/t Au, extending mineralization from 651 m to 840 m depth. Highlights include 520.8 m of continuous mineralization and 16 intersections over 20 g/t Au. Mawson's stake in Southern Cross Gold is valued at A$68 million following a recent capital raise. CEO Ivan Fairhall emphasized the significance of these results for project expansion and potential high-grade zones.
Mawson Gold Limited (OTC PINK:MWSNF) announced the filing of an independent Preliminary Economic Assessment (PEA) technical report for its Rajapalot Gold-Cobalt Project in Finland. This report supports a previous release from October 20, 2022, highlighting a post-tax NPV5 of US$211 million and a low AISC of $824/oz Au. The project has a potential lifespan of nine years, with significant production capabilities, positioning it as one of the largest cobalt and gold mines in the EU. Mawson's strategic holdings and ongoing exploration could further enhance value in 2023.
Mawson Gold Limited (MWSNF) held its Annual General Meeting on November 8, 2022, with 128,539,611 shares voted, representing 43.78% of total shares. Shareholders approved all resolutions, including the election of six directors, with Ivan Fairhall elected as CEO and Executive Chairman. Mr. David Henstridge did not seek re-election. The appointed directors received significant support, with Michael Hudson securing 81.93% of votes. Shareholders also re-appointed D&H Group as auditors. The results will be detailed in a voting report on SEDAR.
Mawson Gold Limited (MWSNF) has reported promising drilling results from its subsidiary Southern Cross Gold Ltd. at the Sunday Creek property in Victoria, Australia. Significant findings include:
- 48.9 m @ 3.0 g/t AuEq from drill hole SDDSC049, indicating strong gold and antimony mineralization.
- Exciting continuity of high-grade mineralization demonstrated at Apollo and Golden Dyke.
- Third drill rig mobilized, expanding exploration capability.
- CEO Ivan Fairhall emphasized ongoing positive exploration results and potential for shareholder benefits.
Mawson Gold Limited announced the results of its maiden preliminary economic assessment (PEA) for the Rajapalot gold-cobalt project in northern Finland. The PEA reveals a post-tax NPV5 of $211 million at $1,700/oz gold and $60,000/t cobalt, with an AISC of $824/oz over a 9-year mine life. The project targets a production of ~700koz gold and ~2800t cobalt. Rajapalot could become the EU's third-largest cobalt mine and sixth-largest gold mine. Initial capex is estimated at $191 million, with significant cash flows projected in the first five years.
Mawson Gold Limited has successfully completed its maiden drilling program at the Skellefteå North Project, Sweden, consisting of six diamond drillholes over 752.8 meters. The final four holes confirmed significant gold intercepts, with grades reaching up to 132 g/t Au. This high-grade gold system extends along 300 meters and remains open for further exploration. Visible gold was observed in three of the six holes. The next steps involve 3D modeling and geochemical sampling to identify future drilling targets.
