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Mawson Gold Limited (MWSNF) is a distinguished Nordic exploration company with a successful record in discovering, financing, and advancing mineral projects. The company holds the Skellefteå North gold discovery and a portfolio of historic uranium resources in Sweden. Mawson also holds a significant stake in Southern Cross Gold Ltd. (SXG), which owns high-grade epizonal goldfields in Victoria, Australia, including the Sunday Creek Au-Sb discovery.
SXG's Sunday Creek Project in Victoria continues to produce impressive results, with recent drilling at the Rising Sun prospect uncovering new high-grade vein sets at depth. Drill hole SDDSC118, the deepest on the project, extended mineralization 80 m down dip and intersected multiple high-grade structures, including three new vein sets. Notably, SDDSC118 recorded three >100 g/t AuEq x m intersections and two top 10 results for Sunday Creek, reaffirming the high-grade mineralization and continuity on the project.
Mawson Gold (MWSNF) has announced several significant corporate changes. The company's shares will be halted from January 10-15, 2025, during which multiple transitions will occur. At the core of these changes are:
1. The spin-out of uranium assets to SUA Holdings , where shareholders will receive one SUA share for each Mawson share.
2. A share consolidation at a ratio of 1:3.1694, reducing outstanding shares from 306,138,320 to approximately 96,590,910.
3. A name change to Southern Cross Gold Consolidated with a new ticker symbol 'SXGC'.
4. The acquisition of remaining 56.2% stake in Southern Cross Gold (SXG), making it a wholly-owned subsidiary.
5. A planned dual listing on the Australian Securities Exchange (ASX) under the ticker 'SX2'.
Mawson Gold (MWSNF) has responded to the Swedish Ministry of Climate and Enterprise's announcement regarding proposed changes to uranium mining legislation. The Swedish Government is moving to lift the uranium mining moratorium in place since 2018, with key recommendations including regulating uranium as a concession mineral and overturning the current Environmental Code ban. A written consultation period will run until March 20, 2025, with new legislation proposed to take effect January 1, 2026.
Mawson's Swedish uranium assets, held via SUA Holdings , will be distributed to Mawson shareholders on January 10, 2025, before the closing of the scheme of arrangement with Southern Cross Gold SUA will become a public and reporting issuer in British Columbia, Alberta and Ontario. Sweden currently operates six nuclear reactors providing 29% of the country's electricity, and the government aims to strengthen domestic energy security and reduce dependency on external mineral supplies.
Mawson Gold announces significant drilling results from its Sunday Creek Gold-Antimony Project in Victoria. Drill hole SDDSC144 delivered exceptional results with 242.1 m @ 6.0 g/t gold (uncut), including multiple high-grade intersections across eight distinct vein sets. Notable highlights include 0.16 m at 3,352.0 g/t AuEq (3,330.0 g/t Au, 11.7% Sb) and 3.6 m @ 117.3 g/t AuEq (114.6 g/t Au, 1.4% Sb).
SDDSC129, the deepest hole drilled to date at 1,269.8 m, successfully extended known mineralization with a high-grade intersection at 1,238.6 m. The project continues expansion with five drill rigs operating and plans to drill 60,000 m through Q3 2025.
Mawson Gold (MWSNF) announces that Southern Cross Gold (SXG) has received FIRB approval to acquire Sparr Nominees Pty through a Share Swap Agreement. The acquisition includes 921.22 hectares of agricultural properties and approximately AUD$18.75 million in cash. The deal involves issuing 22,088,670 SXG shares for 100% of Sparr's shares.
SXG currently owns 133.29 hectares of freehold land at the Sunday Creek Project. This acquisition will increase SXG's total landholding to 1,054.51 hectares. The transaction is expected to complete in the coming days and is considered critical for securing future pathways for the Sunday Creek project, which is developing as a significant gold-antimony discovery.
Mawson Gold (MWSNF) has announced key dates for its corporate restructuring initiatives. The company will distribute 100% of SUA Holdings shares to shareholders on January 10, 2025, at a 1:1 ratio. Following this, Mawson will implement a share consolidation at 1:3.1694 ratio and change its name to Southern Cross Gold Consolidated , trading under the new symbol 'SXGC' from January 16, 2025.
The company is also proceeding with the SXG Scheme of Arrangement to acquire remaining Southern Cross Gold shares, with implementation scheduled for January 24, 2025. Additionally, Mawson plans to dual-list on the ASX under symbol 'SX2', with trading expected to commence on January 16, 2025.
Mawson Gold welcomes Victoria's new Economic Growth Statement and Critical Minerals Roadmap, along with the approval of two mineral sands mines. The Critical Minerals Roadmap outlines a framework for developing Victoria's critical minerals sector, valued at approximately $200 billion. The strategy includes Critical Minerals Priority Development Zones and streamlined approval processes, with Environmental Effects Statement reviews targeted at 18 months.
The announcement highlights Victoria's historical significance in gold mining and its potential role in critical minerals, particularly antimony. With China controlling 80% of global antimony supply and implementing export restrictions, Victoria's antimony resources position it strategically to establish a Western supply chain for this critical mineral.
Mawson Gold announces significant drill results from its Sunday Creek Gold-Antimony Project, with exceptional findings including 186 meters at 8.8 g/t gold (uncut) and a remarkable 0.5 meters at 2,541.9 g/t gold intersection. The discovery hole SDDSC145 revealed eight distinct high-grade vein sets, with five being new discoveries outside the January 2024 exploration target area.
The project demonstrates increasing grades at depth, typical of Victorian epizonal deposits. Notably, about 20% of Sunday Creek's in-situ recoverable value comes from antimony, positioning it as a significant Western source amid China's recent export restrictions. The exploration program continues with fourteen holes being processed and five rigs actively drilling, with plans for 60,000m by Q3 2025.
Mawson Gold announces significant drilling results at the Sunday Creek Gold-Antimony Project through Southern Cross Gold (SXG). The key highlight is drill hole SDDSC141, which intercepted 5.5 metres at 25.4 g/t gold, including 1.4 metre at 101.1 g/t gold, extending mineralization 200 metres deeper than previous drilling.
The discovery reveals multiple high-grade gold and antimony zones following a 'ladder' structure, with at least 66 mineralized 'rungs' identified. The project's antimony content represents approximately 20% of in-situ recoverable value. SXG is operating five drill rigs, with a sixth arriving in December 2024, planning 60 km of drilling over the next year.
Mawson Gold reports results from five navigational diamond drill holes at the Rising Sun prospect, Sunday Creek Gold-Antimony Project. The NAVI drill program successfully demonstrated predictability of mineralized structures and grade consistency. Key highlights include intercepts of 1.3 m @ 52.6 g/t AuEq from 730.0 m and 0.3 m @ 81.4 g/t AuEq from 674.3 m. The program discovered additional gold-antimony mineralized vein sets and confirmed geological continuity. Currently, 60 km of diamond drilling is planned over the next year, with twelve holes being processed and five in progress. Mawson owns 48.7% of Southern Cross Gold, valued at A$296.5 million.
Mawson Gold (MWSNF) announced the results of its annual general and special meeting, where shareholders approved all resolutions. Key approvals include: a plan of arrangement to distribute 100% of SUA Holdings shares (holding Swedish uranium assets) to shareholders, and changes in management connected to the scheme implementation agreement with Southern Cross Gold (SXG). Following the scheme completion, Mawson will undergo a 3.1694:1 share consolidation, change its name to Southern Cross Gold Consolidated , and trade under ticker 'SXGC'. The company currently owns 48.70% of SXG shares and aims to acquire the remaining shares through an Australian scheme of arrangement.