S U N D A Y C R E E K
BUILDING AND EXPANDING A HIGH-GRADE GOLD AND ANTIMONY PROJECT
Underground and Underway
Corporate Update 22 April 2026
Important Information
Summary information: This Presentation contains summary information about the current and proposed activities of SXGC as at the date of this Presentation. The information in this Presentation is of a general nature and does not purport to be complete. This Presentation does not purport to contain all the information that an investor should consider when making an investment decision nor does it contain all the information which would be required in a disclosure document or prospectus prepared in accordance with the requirements of the Corporations Act. It should be read in conjunction with the Company's other periodic and continuous disclosure announcements lodged with the ASX, which are available at the ASX website https://www.asx.com.au under the code "SX2". Neither SXGC nor its directors, employees or advisers accept any responsibility to inform recipients specifically of any matter arising or coming to its attention after the date of this Presentation. Recipients should monitor SXGC's announcements to ASX, which can be obtained from ASX website as referred to above.
Investment risk: An investment in SXGC's securities is subject to investment risks and other known and unknown risks, some of which are beyond the control of the Company. SXGC, its directors, employees or advisers do not guarantee any particular rate of return or the performance of SXGC, nor does it guarantee the repayment of capital or investments from or in SXGC or any particular tax treatment.
No Offer: This Presentation is for information purposes only. It is not a prospectus, disclosure document, product disclosure statement or other offering document under Australian or Canadian law or any other law (and is not approved by or registered with any regulator). This Presentation is not and should not be considered an offer or an invitation to
acquire shares or any other securities or financial products. This Presentation may not be released or distributed in the United States. This Presentation does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or in any other jurisdiction in which such an offer would be illegal. SXGC securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or the securities laws of any state or other jurisdiction of the United States. The distribution of this Presentation in other jurisdictions outside Australia or Canada may also be restricted by law and any such restrictions should be observed. Any failure to comply with such restrictions may constitute a violation of applicable securities laws.
Not financial product advice: This Presentation does not constitute financial product or investment advice (nor tax, accounting or legal advice) nor is it a recommendation to acquire shares and does not and will not form any part of any contract for the acquisition of shares. This Presentation has been prepared without taking into account the objectives, financial situation or needs of any particular investor.
Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek appropriate advice, including financial, legal and taxation advice appropriate to their jurisdiction. SXGC is not licensed to provide financial product advice in respect of SXGC securities or any other investment.
Important Information
For the purposes of JORC, certain information in this Presentation that relates to exploration results is extracted from the Independent Geologist's Report dated December 11, 2024, which was issued with the consent of the Competent Person, Mr. Steven Tambanis. The Technical Report is included the Company's prospectus dated December 11, 2024, which was lodge with the Australian Securities and Investments Commission (ASIC) on December 11, 2024, for the purpose of compliance with ASX Listing Rules, as part of the Company's application for admission to the Official List. The Technical Report is available for download at https://www.asx.com.au under code "SX2". The Company confirms that it is not aware of any new information or data that materially affects the information related to exploration results included in the prospectus. The Company confirms that the form and context of the Competent Persons' findings in relation to the report have not been materially modified from the prospectus filing.
For the purposes of NI 43-101, certain information in this Presentation that relates to exploration results is extracted from the independent technical report titled NI 43-101 Technical Report, Sunday Creek Gold-Antimony Project, Victoria, Australia" and dated August 10, 2025, as amended January 20, 2026 (the "Technical Report") prepared for the Company by Kenneth Bush, a quailed person under NI 43-101. The Technical Report is available for download under the Company's profile on www.sedarplus.ca and on the Company's website at www.southerncrossgold.com
Information in this Presentation relates to the Exploration Target for the Sunday Creek Project is based on information compiled by Mr Kenneth Bush and Mr Michael Hudson. Mr Bush is a Member of Australian Institute of Geoscientists and Mr Hudson is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Bush and Mr Hudson each have sufficient experience relevant to the style of mineralization and type of deposit under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Bush is Head of Exploration and Mr Hudson is Managing Director of Southern Cross Gold Consolidated Ltd. and both consent to the inclusion in the report of the matters based on their information in the form and context in which it appears. For further exploration target information see historic SXG News Release Dated 23/01/24: https://www.southerncrossgold.com/investor/historical-announcements-asx-sxg. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original document/announcement and the Company confirms that the form and context in which the Competent Person's findings are presented have not materially modified from the original market announcement.
Certain information in this Presentation also relates to prior exploration results reported by Southern Cross Gold Ltd, are extracted from the following announcements, which are available to view on https://www.southerncrossgold.com under historical announcements:
5 September, 2023 SDDSC077B, 23 October, 2023 SDDSC082, 9 November, 2023 SDDSC091, 5 March, 2024 SDDSC107, 5 September, 2024 SDDSC130, 28 October, 2024 SDDSC137W2, 10 December,
2024 SDDSC145, 23 April, 2025 SDDSC158, 28 May, 2025 SDDSC161, 16 June, 2025 SDDSC162, 8 September, 2025 SDDSC170A, 28 January, 2026 SDDSC196, 18 February, 2026 SDDSC208
Au Equivalent Calculation
SXGC considers that both gold and antimony that are included in the gold equivalent calculation ("AuEq") have reasonable potential to be recovered and sold at Sunday Creek, given current geochemical understanding, historic production statistics and geologically analogous mining operations. Historically, ore from Sunday Creek was treated onsite or shipped to the Costerfield mine, located 54 km to the northwest of the project, for processing during WW1. The Costerfield mine corridor, now owned by Mandalay Resources Ltd contains two million ounces of equivalent gold (Mandalay Q3 2021 Results), and in 2020 was the sixth highest-grade global underground mine and a top 5 global producer of antimony. SXGC considers that it is appropriate to adopt the same gold equivalent variables as Mandalay Resources Ltd in its 2024 End of Year Mineral Reserves and Resources Press Release, dated February 20, 2025. The gold equivalence formula used by Mandalay Resources was calculated using Costerfield's 2024 production costs, using a gold price of US$2,500 per ounce, an antimony price of US$19,000 per tonne and 2024 total year metal recoveries of 91% for gold and 92% for antimony, and is as follows: = (/) + 2.39 × (%)
Based on the latest Costerfield calculation and given the similar geological styles and historic toll treatment of Sunday Creek mineralization at Costerfield, SXGC considers that a = (/) + 2.39 × (%) is appropriate to use for the initial exploration targeting of gold-antimony mineralization at Sunday Creek.
The Investment Case
A RARE COMBINATION: GLOBALLY SIGNFICANT ASSET, PERFECT TIMING, STRATEGIC SIGNIFICANCE.
EXPLORATION TARGET
March 2025
2.2 - 3.2 Moz @ 8.3 - 10.6 g/t AuEq*
6.4-8.3 g/t Au, 0.8-0.9% Sb
Discovery Excellence
Pedigree geology with Fosterville-style system*. 85 intersections exceeding 100 g/t Au from 119.6 km drilled - high drill hole intersection rate.
CASH
A$133M
FREEHOLD LAND
1,392 Ha
Antimony Strategic Significance
An important Western gold-antimony drill discovery. Antimony supply security for US, Europe, Japan & Australia after China's export restrictions.
STRIKE LENGTH
11+ km
TREND TESTED
10%
Victorian Success Story
60km from Melbourne. Decline permits approved. Four Victorian mines permitted since Dec 2024. Government actively supporting development.
100% Owned Projects • No Royalties Fully funded through resource establishment
Execution Credibility
Experienced team, disciplined capital allocation, milestone delivery. Directors own 4.6%. Per-share value focus.
*The potential quantity and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code and is consistent with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. References to Fosterville and Costerfield are made on the basis of geological style comparisons only. The resources, production profiles, and metal content achieved at those deposits are not necessarily indicative of results that may be achieved at Sunday Creek.
Exploration Target (March 2025)
In March 2025 SXGC disclosed an Exploration Target for the Sunday Creek Project of 8.1 to 9.6 million tonnes at a grade of 8.3 g/t AuEq to 10.6 g/t AuEq for 2.2 Moz AuEq to 3.2 Moz AuEq. The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource as defined by the CIM Definition Standards and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target should not be misunderstood or misconstrued as a Mineral Resource or Mineral Reserve. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code and is consistent with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The Exploration Target ranges are listed in the table below.
BASIS FOR THE EXPLORATION TARGET
The Exploration Target is based on geological interpretation and projection of mineralization intersected in diamond drilling. The target area encompasses three prospects along the main structure at Sunday Creek: Rising Sun, Apollo, and Golden Dyke. The tonnage and grade ranges reflect the geological uncertainty inherent in early-stage exploration and are based on:
Interpreted geometry of the host structures from drilling
Observed widths and extents of mineralized zones
Variation in gold and antimony values from drill intersections
Range
Tonnes
(Mt)
AuEq g/t* Au g/t
Sb%
Au Eq*
(Moz) Au (Moz) Sb (kt)
Sunday Creek Exploration Target
Lower
Case
Upper
Case
*2.39 AuEq Factor
The potential quantity and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code.
8.1 | 8.3 | 6.4 | 0.8 | 2.2 | 1.7 | 66.6 |
9.6 | 10.6 | 8.3 | 0.9 | 3.2 | 2.6 | 88.2 |
JORC Competent Person Statement
Information in this report that relates to the Exploration Target for the Sunday Creek Project is based on information compiled by Mr Kenneth Bush and Mr Michael Hudson. Mr Bush is a Member of Australian Institute of Geoscientists and Mr Hudson is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Bush and Mr Hudson each have sufficient experience relevant to the style of mineralization and type of deposit under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Bush is Head of Exploration and Mr Hudson is Managing Director of Southern Cross Gold Consolidated Ltd. and both consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.
Company Snapshot
AS AT 21 APRIL 2026
Exchange Listings
TSX: SXGC ASX: SX2 OTCQX: SXGCF
Capitalization Summary
Share Price (TSX:SXGC, ASX:SX2 - Mar 31, 2026) C$10.78
A$11.46
Flagship Project
Sunday Creek Gold-Antimony
3,440 acres (1,392 ha) freehold | 100% owned | Victoria
Shares Issued 268.8M
Fully Diluted 271.0M
Basic Market Capitalization C$2.8B
Executive Leadership
CEO: Michael Hudson CFO: Michael Frame
COO: Ryan Austerberry Expl: Kenneth Bush
CoS: Mark McOnie
Permitting: Laura Chibnall
Cash A$133M
Share Price Performance -
1 Year & Coverage
Ownership UHNW Investors: Lassonde (Franco-Nevada founder), Morcombe, Sokoloff 21.7% |
Global Institutions including: 23.7% Franklin Templeton, Konwave, BMO AM, CBUS, Schroders |
Board & Management 4.6% |
A High Grade Gold Antimony Project
GRADE × SCALE × STRATEGIC ANTIMONY
01
02
03
04
Discovery
Leading Hit Rate
Building Quickly
Fully Funded
High-grade project with
Fosterville-style geology
85 hits exceeding 100 g/t Au
(1m @ 5 g/t AuEq lower cut) from 119.6km drilled (up to 3,511 g/t Au over 0.7 m)
200km drill program, 1km
decline permitted, four Victorian mines in 6 months permitted
A$133M cash, 1,392 Ha
freehold, 100% owned
Strategic Optionality: Important Western gold - antimony drill discovery - a defence critical mineral
101 individual intersections exceeding 10% Sb (antimony) (up to 56.5% Sb over 0.3 m)
*The potential quantity and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code and is consistent with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. References to Fosterville and Costerfield are made on the basis of geological style comparisons only. The resources, production profiles, and metal content achieved at those deposits are not necessarily indicative of results that may
be achieved at Sunday Creek. 8
2026 Timeline And Strategy/Milestones - Fully Funded
Drilling
Program Launch
10 22 Drill rigs on site
(>100km drilling in 2026)
Decline Development
1.0 km decline construction to accelerate drill out and mineralization access.
Technical Studies
Following 200 km drilling
Regional Exploration
Comprehensive 2-year regional exploration drill programs including G&A costs.
A$20M Budget
A$30M Budget
A$5M Budget
A$60M Budget
200kmTotal Drilling
1kmDecline Length
2Years Duration
A$115MTotal Investment ($44M working cap)
Q3 2025 - Q1 2027 Q1 2026 - Q3 2026 Q2 2027 Q3 2025 - Q4 2027
Decline Project Layout
Exploration Tunnel Long Section
A Significant Drill Global Discovery
One of few high-grade 100% owned drill discoveries projects globally Industry Validation
MinEx ranks Sunday Creek among Australia's key drill
discoveries alongside Hemi, Bellevue, and Fosterville*.
AUSTRALIA'S KEY GOLD DISCOVERIES LAST 10 YEARS AS RANKED BY MINEX CONSULTING*
Hemi - De Grey (WA)
Havieron - Greatland Gold (WA) Bellevue - Bellevue Gold (WA) Fosterville - Agnico Eagle (Vic) Sunday Creek - SXGC (Vic)
*https://minexconsulting.com/wp-content/uploads/2024/06/MinEx-AIG-Presentation-June-2024.pdf
* Spartan precedes 2023 list
Proven Deposit Type
Same epizonal system as Fosterville (9 Moz) and Costerfield (2 Moz).
100% Owned
No commercial royalties. Independently owned with full upside to
shareholders.
*The potential quantity and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code.
Exceptional Drilling Results
GETTING BETTER WITH DEPTH - CONSISTENT GRADE INCREASE WITH MORE DATA
Top Intercepts
2m @ 1 g/t AuEq lower cut
SDDSC107 2.7m @ 891.7 g/t Au from 684m
SDDSC161 3.4m @ 451.3 g/t Au from 508m SDDSC077B 3.6m @ 391.9 g/t Au from 737m SDDSC091 20.0m @ 62.7 g/t Au from 430m SDDSC145 0.5m @ 2,541.9 g/t Au from 876m
INTERCEPTS EXCEEDING
85
100 g/t Au
PROGRAM STATS
119.6 km drilled to date 200 km program planned 10 rigs currently active
Regional Setting And Structural - Event Framework
60km north of Melbourne
Second major drill discovery of
epizonal deposit type
Australia
Fosterville* wasn't a one-off
miracle
State of Victoria
Epizonal
Costerfield
Willman et al., 2010
Fosterville
Sunday Creek
*The potential quantity and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code and is consistent with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. References to Fosterville and Costerfield are made on the basis of geological style comparisons only. The resources, production profiles, and metal content achieved at those deposits are not necessarily indicative of results that may be achieved at Sunday Creek.
70 Million
years
Mesozonal
82 Moz Gold Often Unreconcilable
System Architecture
115 mineralised "rungs" identified across four main structures
Ladder rails extend over 10 km of strike Core area drilled over 1.5 km Mineralization from surface to 1.1 km depth
Vein Characteristics
Each rung: 20-100m long
Apollo average width: 4.2m (median 3.8m) Rising Sun average width: 2.8m (median 2.4m) Golden Dyke average width: 3.2m (median 2.3m)
FIVE MAIN PROSPECTS
Apollo & Apollo East
Rising Sun
Golden Dyke
Christina
LARGE ALTERATION FOOTPRINT
200m thick alteration halo with elevated Sb-As extending 80-170m from main structure. Large mineral systems have large footprints.
The Golden Ladder
STRUCTURAL ARCHITECTURE SUPPORTS HIGH-GRADE MINERALIZATION
Prospect Scale Map
Schematic Plan View Main Drill Area
THE GOLDEN LADDER
East-west trending dyke and altered sediment corridor
NNW trending veins cutting across host rocks
Extends over 10km of strike in mapping and historic occurrences. Core area drilled over 1.5km
"Rungs" extend from surface to 1.1km depth, Each "rung"
20-100m long, Apollo av. width 4.2m (median 3.8m), Rising
Sun av. width 2.8m (median 2.4m), Golden Dyke av. Width
3.2m (median 2.3m)
115 mineralized "rungs" identified across 5 prospects to date
Continuity informed by structural data, geostats (CV<2),
geological likeness, predictability and 50 yr mining
Re-Os geochronology on Arsenopyrite returns a weighted mean age of 379 ± 1 Ma for the
mineralisation. (Geological Survey of Victoria 2024)
Alteration Profile: Visual
A 200m thick host to mineralisation.
Visually identifiable.
Late quartz-
carbonate veining
Intense sericite-carbonate
alteration
Disseminat
ed pyrite in siltstone
Pyrite veinlets
Sporadic disseminated pyrite exploiting lithologies
Pyritic veinlets, mimicking dyke trend and orientation
Pyrite selvedge around extension veins
Arsenopyrite selvedge around extension veins and shear veins
Variable silicification of host rocks
Bleaching alteration fades out as a gradual transition
Large Mineral Systems Have Large Footprints
ALTERATION PROFILE
Geochemical indicators extend beyond visible sulphide zone
End of visual pyrite halo
End of visual pyrite halo
80 m
Lower arsenic threshold in background siltstone / mudstone ~20ppm
80 m
Lower antimony threshold in background siltstone / mudstone ~5ppm
Pathfinder elements extend up to 80 m beyond the visually observable features.
Geological Likeness Informs Continuity
VEIN SETS
Extensional Shear vein - high-grade core, polyphase with multiple
textures and stylolites showing repeated opening, high levels of stibnite or sulphosalts and often prolific visible gold
Vein arrays - extension veins, comb texture with variable stibnite content and occasional visible gold
Carbonate veins - Distal carbonate veins with increasing quartz and stibnite contact with proximity to centre of zone
Disseminated pyrite halo surrounding the mineralized vein set (+2-
5m scale), with proximity to the individual veins the pyrite forms a selvedge around the vein and within ~10cm of the veins arsenopyrite
or arsenian pyrite may occur
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Southern Cross Gold Consolidated Ltd. published this content on April 22, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 22, 2026 at 07:41 UTC.

















