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Southern Cross Gold Consolidated Ltd. Chees Depository Interest Repr 1 shs ( (AU:SX2) ) has shared an announcement.
Southern Cross Gold Consolidated Ltd. has received approval for its Work Plan to construct an exploration tunnel at the Sunday Creek Gold-Antimony Project, marking a significant step towards mine development. This approval allows the company to conduct detailed geological mapping and precision underground drilling, enhancing its ability to define and expand the resource. The project is expected to have minimal environmental impact due to refined tunnel designs and reduced surface drilling. The company is committed to maintaining high standards of environmental management and community engagement while advancing the project, which could position it as a major gold producer and strategic antimony supplier.
The most recent analyst rating on (AU:SX2) stock is a Hold with a A$6.10 price target. To see the full list of analyst forecasts on Southern Cross Gold Consolidated Ltd. Chees Depository Interest Repr 1 shs stock, see the AU:SX2 Stock Forecast page.
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 in Victoria, Australia. The project is recognized as one of the Western world’s significant gold and antimony discoveries, with a dual-metal profile that enhances its strategic value. The company is positioned as a potential key supplier of antimony, a critical metal for defense and semiconductor applications, especially in light of China’s export restrictions.
Average Trading Volume: 695,526
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.93B
See more insights into SX2 stock on TipRanks’ Stock Analysis page.