Southern Cross Gold Supports Australia's $1.2 Billion Critical Minerals Reserve Focusing on Antimony
Southern Cross Gold Consolidated Ltd supports the Australian government's $1.2 billion strategic reserve for critical minerals, highlighting antimony as a key focus. The Sunday Creek project in Victoria, which has recently received approval for underground exploration, aims to enhance domestic antimony supply and is part of a broader initiative to strengthen defense and clean energy supply chains. This effort aligns with a $13 billion US-Australia partnership on critical minerals amid global supply chain challenges.
Theia Market Signal Identification - AI Assisted
Southern Cross Gold Consolidated Ltd (SXGC) supports the Australian government's establishment of a $1.2 billion strategic reserve for critical minerals, emphasizing antimony as a priority alongside gallium and rare earth elements. The Sunday Creek project in Victoria, a significant undeveloped gold-antimony deposit located 60 km north of Melbourne, is positioned to enhance Australia's domestic antimony supply.
The reserve, announced on January 12, 2026, aims to bolster defense and clean energy supply chains. Victoria, the only antimony-producing state in Australia, has an estimated critical minerals value of $200 billion.
Recent approvals allow for underground exploration at Sunday Creek, where drilling has yielded over 100 g/t gold and 10% antimony. This initiative aligns with a $13 billion US-Australia partnership on critical minerals, aiming to ensure resource security amidst global supply chain challenges.
Comments