News Summary
On December 17, 2025, Southern Cross Gold announced results from 12 new drillholes at its 100%-owned Sunday Creek Project in Victoria, Australia. The results successfully expanded the Apollo prospect at depth and along strike.
Key highlights include:
– SDDSC192: The deepest east-west hole at Apollo, which intersected 3.6 metres (m) at 14.6 grams per tonne (g/t) gold (Au), including a bonanza-grade interval of 0.21 m at 236 g/t Au. This confirms the system is robust and open at depth.
– New Discovery: Hole SDDSC174B intersected a new mineralized zone between the Gladys and Golden Orb Faults, returning 0.3 m at 34.6 g/t Au. This opens up a new, 70-metre-wide untested area.
– Strike Extension: Hole SDDSC181 hit a wide zone of 15.7 m at 1.7 g/t Au, extending the Apollo East prospect by approximately 150 m along strike.
– High-Grade Antimony: The release also highlighted exceptional antimony (Sb) grades, including individual samples of 25.1% and 17.4% Sb, reinforcing the project’s strategic value.
– Operational Update: The company is operating nine drill rigs and has assay results pending for 42 holes, ensuring a continuous flow of news.
Material Impact
The latest drill results are materially positive and continue a year-long trend of exceptional exploration success that has systematically expanded and de-risked the Sunday Creek project. While the market has come to expect high-grade intercepts from this project, this news effectively delivers on those expectations and provides incremental positive developments.
The progression of news throughout 2025 paints a clear picture of a company executing flawlessly on its strategy. After consolidating ownership and listing on the ASX in January, the company secured a transformative C$143 million financing at C$4.50 per share in May. This capital injection fully funded an aggressive 200,000-metre drill program and key development studies.
Since then, each batch of drill results has built upon the last, consistently expanding the four main prospects (Christina, Golden Dyke, Rising Sun, and Apollo) and discovering new vein sets.
– October 1 & 23: Results reinforced continuity and expansion at Rising Sun and Golden Dyke.
– November 18: Delivered the two highest-grade gold intercepts ever at Golden Dyke.
– November 27: The company achieved a major de-risking milestone by receiving the Work Plan approval for an exploration tunnel, signaling a clear transition from pure exploration towards development. This was immediately followed by the strategic appointment of a new COO with direct operational experience at the analogous Costerfield mine.
The December 17 news fits perfectly into this established narrative. The results from SDDSC192 are particularly significant, as they confirm high-grade mineralization in the deepest hole drilled east-west into Apollo, validating the thesis that the system remains open at depth. The discovery of a new mineralized zone, although narrow, is an operational bonus that highlights further exploration potential. The 150-metre strike extension at Apollo East with a wide 15.7-metre intercept demonstrates the growing scale of the system.
From a critical perspective, these results are not a singular game-changer but rather another crucial data set that reinforces Sunday Creek’s world-class potential. The company is methodically using its substantial treasury to build ounces and increase confidence in the geological model, which is precisely what investors should want to see. The steady pipeline of 42 pending holes suggests this positive news flow will continue.
Catalysts
– Immediate: Assay results from the 42 pending drill holes. The market will be watching for continued high grades and further expansion of the known zones.
– 3-6 Months:
– Exploration Tunnel Progress: Updates on the commencement of construction for the underground decline, for which approval was granted on November 27. The stated timeline was 6-9 months for construction.
– Updated Exploration Target: The last update was in March 2025. Given the extensive and successful drilling campaign throughout the year, an updated and potentially larger target is a key catalyst to watch for in early 2026.
– Regional Exploration Results: News from the geophysical and soil sampling programs outlined in the April 7 release, which could identify new targets along the 12 km trend.
– COO Integration: Any commentary from the new COO regarding operational planning and progress towards future studies would be a positive signal.
Materiality Conclusion
The news is Material – Positive. It is another strong, technically sound exploration update that confirms high-grade continuity at depth, expands the strike length of a key prospect, and discovers a new zone. In the context of the year’s developments, it reinforces that the company is effectively deploying its large cash balance to systematically grow and de-risk a globally significant gold-antimony asset.
