Southern Cross Gold Consolidated Ltd has received conditional approval to list its common shares on the Toronto Stock Exchange (TSX) and graduate from the TSX Venture Exchange (TSXV). This move signifies an upgrade to a major exchange, enhancing the company’s visibility and credibility in the financial market. The company will retain its listing on the Australian Securities Exchange (ASX) under the symbol SX2, ensuring dual-listing status on both exchanges.
The final approval for the TSX listing is contingent upon the company meeting the standard documentation requirements set by the exchange. Once approved, Southern Cross Gold’s shares will be delisted from TSXV and commence trading on TSX under the symbol SXGC. Shareholders need not take any action as the trading symbol and CUSIP will remain unchanged. The specific commencement date for trading on TSX will be announced in due course.
This development opens up new avenues for Southern Cross Gold, potentially leading to increased trading liquidity and broader investor access. Being listed on a major exchange like TSX can attract more institutional investors and provide greater trading volume, which may positively impact the company’s market performance.
Southern Cross Gold Consolidated Ltd controls the Sunday Creek Gold-Antimony Project, a significant discovery located north of Melbourne, Australia. The project has delivered exceptional drilling results, with mineralization spanning 12 km and showing continuity from surface to 1,100 m depth. The presence of both gold and antimony adds strategic value to the project, especially considering the global demand for antimony in defense and semiconductor industries.
The company’s inclusion in the US Defense Industrial Base Consortium and Australia’s legislative changes position it as a potential key supplier of antimony in Western markets. This strategic advantage, coupled with strong technical fundamentals and a large drill program planned through Q3 2025, positions Southern Cross Gold favorably in the gold-antimony sector.
With preliminary metallurgical work indicating non-refractory mineralization suitable for conventional processing and high gold recoveries, Southern Cross Gold is poised to leverage its assets efficiently. The company’s robust financial position, substantial land ownership, and strategic location further bolster its prospects in advancing the Sunday Creek project in a tier-one jurisdiction.
In conclusion, Southern Cross Gold’s TSX listing approval marks a significant milestone in its growth trajectory, offering enhanced market exposure and potential for increased investor engagement. The company’s unique position in the gold-antimony sector, coupled with its operational strengths, sets a promising outlook for its future endeavors.
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