Mawson Resources ( (TSE:SXGC) ) has provided an update.
Southern Cross Gold Consolidated Ltd has announced a significant extension of high-grade gold-antimony mineralization at its Christina prospect within the Sunday Creek project. The mineralized strike length has been expanded by 15% to 1.5 km, with new drilling results highlighting the project’s potential amidst increasing demand for Western antimony due to geopolitical tensions. The project is strategically positioned to benefit from its dual-metal profile, with antimony being crucial for defense and semiconductor industries, and is supported by a robust financial and operational plan.
More about Mawson Resources
Southern Cross Gold Consolidated Ltd operates in the mining industry, focusing on gold and antimony exploration and development. The company is engaged in the Sunday Creek Gold-Antimony project in Victoria, which is a significant venture due to its dual-metal profile and strategic importance, particularly in light of recent geopolitical developments affecting antimony supply.
YTD Price Performance: 6.75%
Average Trading Volume: 67,799
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$764.6M
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