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Southern Cross Gold Consolidated Ltd. Chees Depository Interest Repr 1 shs ( (AU:SX2) ) just unveiled an announcement.
Southern Cross Gold Consolidated has awarded PYBAR Mining Services, part of Thiess, the underground exploration decline contract for its Sunday Creek gold‑antimony project in Victoria, following government approvals and public endorsement as a critical minerals jobs opportunity. The decline, to be developed over seven months with box cut, portal and 680 metres of primary decline plus 1,200 metres of lateral development, is designed to unlock underground drill platforms and materially improve drilling efficiency.
Once completed, the new decline will allow Southern Cross Gold to expand from 11 surface drill rigs to 24 surface and underground rigs, making Sunday Creek one of the world’s largest pre‑development drill‑outs and accelerating resource definition. In parallel, the company has strengthened its operational leadership by appointing veteran project manager Shane Leary as Projects Manager and underground specialist Ben Edwards as Underground Development Manager, building the team needed to transition Sunday Creek from exploration into underground development and long‑term production potential.
The most recent analyst rating on (AU:SX2) stock is a Hold with a A$10.70 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 mineral exploration company focused on the Sunday Creek gold‑antimony project in Victoria, about 60 kilometres north of Melbourne. The company is advancing this asset toward underground development, positioning Sunday Creek as a potential significant supplier of both gold and critical mineral antimony to allied markets.
Average Trading Volume: 310,798
Technical Sentiment Signal: Buy
Current Market Cap: A$2.58B
See more data about SX2 stock on TipRanks’ Stock Analysis page.