OREMAVEN
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2026-11-06
◂ Monitor SX2 ASX

SOUTHERN CROSS GOLD CONSOLIDATED LTD.

Discovery Drill Stage · Gold · Others · AU Rating locked: sign in to view v8 · sx2-20261024t200853-full
Last 2026-11-06
A$8.59
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$2.3B
EV
A$2.2B
Cash
A$84.9M
Debt
A$0
1 newer ASX announcement not yet reflected in this valuation

Funding, performance and ownership

Financials & Capital

As of 2026-08-31
Cash A$84.9M Finite
Debt A$0 Net cash A$84.9M
Basic shares 269.7M 2026-10-07
Runway 2.38 quarters Historic operating plus investing cash use; not a production cash-flow runway. Management explicitly expects sufficient cash through resource and PEA milestones.

Liquidity

Financial position

Reported C$84.014m cash at August31; no debt. C$10.069m payables, C$9.477m exchanged land commitments, leases and rehabilitation require cash. Management expects C$25m deployment next quarter then C$10m per quarter; C$700m shelf is issuance capacity, not funding.

Capital structure

Ownership and dilution

Ordinary shares
269.7M
Fully diluted
270.7M

May31 shares269,346,976 +236,227 cashless option shares +70,359 RSU shares =269,653,562 August31; +3,193 RSU shares =269,656,755 October7. Add850,000 options +160,306 RSUs =270,667,061 fully diluted. CDIs are a subset, never added to total shares.

Security classes4
ClassTypeQuantityStrikeExpiry
Global common shares; includes underlying shares represented by ASX CDIsOrdinary Share269.7M——
Options exercisable at A$0.30Option250KA$0.32027-05-05
Options exercisable at C$3.38; strike retains native currency in labelOption600KA$3.382028-03-10
RSUs subject to vesting; full inclusion conservativePerformance Right160.3K——

KPI history

Operating metrics · Company

Corporate cash and cash equivalents shown
039,530,58079,061,160118,591,739158,122,3192025-08-31: 141,180,642 CAD2025-08-312025-11-302026-02-282026-05-31: 119,129,501 CAD2026-05-312026-08-31: 84,014,470 CAD2026-08-31
MetricUnitTrend2025-08-312025-11-302026-02-282026-05-312026-08-31
Corporate cash and cash equivalentsCAD2025-08-31: 141,180,642 CAD2026-05-31: 119,129,501 CAD2026-08-31: 84,014,470 CAD141,180,642——119,129,50184,014,470
Corporate cash and cash equivalents; issuer rounded million balanceCAD2025-11-30: 130,400,000 CAD2026-02-28: 123,200,000 CAD—130,400,000123,200,000——
Quarterly net cash depletion including FXCAD2025-08-31: 10,000,000 CAD2025-11-30: 10,800,000 CAD2026-02-28: 7,200,000 CAD2026-05-31: 4,000,000 CAD2026-08-31: 35,100,000 CAD10,000,00010,800,0007,200,0004,000,00035,100,000
Operating metric source table13
MetricProjectPeriodPeriod typeValueStatus
Corporate cash and cash equivalentsCompany2025-05-31Point In Time151,212,676 CADReported
Corporate cash and cash equivalentsCompany2025-08-31Point In Time141,180,642 CADReported
Corporate cash and cash equivalents; issuer rounded million balanceCompany2025-11-30Point In Time130,400,000 CADReported
Corporate cash and cash equivalents; issuer rounded million balanceCompany2026-02-28Point In Time123,200,000 CADReported
Corporate cash and cash equivalentsCompany2026-05-31Point In Time119,129,501 CADReported
Corporate cash and cash equivalentsCompany2026-08-31Point In Time84,014,470 CADReported
Quarterly net cash depletion including FXCompany2025-08-31Quarter10,000,000 CADReported
Quarterly net cash depletion including FXCompany2025-11-30Quarter10,800,000 CADReported
Quarterly net cash depletion including FXCompany2026-02-28Quarter7,200,000 CADReported
Quarterly net cash depletion including FXCompany2026-05-31Quarter4,000,000 CADReported
Completed drillingSunday Creek2026-05-31Year60,913 mReported
Quarterly net cash depletion including FXCompany2026-08-31Quarter35,100,000 CADReported
Completed drillingSunday Creek2026-08-31Quarter17,564 mReported

Capital history

Capital events

1 events · newest first
DateEventAmountSharesPriceStatusTerms
2025-05-20RaisingC$143.1M31.8M—Completed—

Contracts and ownership

Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.

Complete As Disclosed · as of 2026-10-13

Dated annual financial notes, AIF and October7 MD&A reconciled for state royalty, land, leases, decline, Nagambie ROFR, historic Redcastle acquisition and conditional engagements. No commodity or FX hedge disclosed.

Statutory burden on future production. No commercial royalty or back-in rights disclosed.

Royalty · Active
Counterparties
State of Victoria
Applies to
Sunday Creek · Gold · Others
Economic direction
Burden
Period
Dates not stated
Key terms
Rate: 2.75 pct
How it affects our valuation

No valuation treatment is available for this arrangement.

Right to match opportunities while retaining the subscription shares; does not constitute tenure ownership.

Other · Active
Counterparties
Nagambie Resources Limited
Applies to
Company-wide · Gold · Others
Economic direction
Benefit
Period
Dates not stated
Key terms
Shareholding: 53,361,046 shares
Tenement opportunity area: 718 km2
How it affects our valuation

No valuation treatment is available for this arrangement.

Exploration decline development awarded to PYBAR; no mine production construction contract disclosed.

Other · Active
Counterparties
PYBAR Mining Services Pty Ltd
Applies to
Sunday Creek
Economic direction
Burden
Period
Dates not stated
Key terms
Contract: Exploration decline development
How it affects our valuation

No valuation treatment is available for this arrangement.

August31 exchanged land commitments C$9.477m, of which A$8.8m settled in September. Settlement timing requires a valuation-date cash bridge.

Other · Active
Counterparties
Freehold property vendors
Applies to
Sunday Creek
Economic direction
Burden
Period
Dates not stated
Key terms
Exchanged purchase commitments: 9,477,000 CAD
How it affects our valuation

No valuation treatment is available for this arrangement.

Office and warehouse lease contracts with disclosed nominal maturity bands.

Other · Active
Counterparties
CEO family trust and other office/warehouse landlords
Applies to
Company-wide
Economic direction
Burden
Period
Dates not stated
Key terms
Related office lease: 8,206 AUD/month
Total lease liability: 840,785 CAD
How it affects our valuation

No valuation treatment is available for this arrangement.

Historical earn-in and royalty no longer current; Redcastle ownership is100%.

Joint Venture · Terminated
Counterparties
Nagambie Resources Limited
Applies to
Redcastle · Gold · Others
Economic direction
Mixed
Period
Dates not stated
Key terms
Former earned interest: 70 pct
How it affects our valuation

This arrangement has ended; no current valuation treatment is required.

Project-wide agreement under negotiation, with November2026 target; economic terms unavailable.

Other · Conditional
Counterparties
Taungurung Land and Waters Council
Applies to
Sunday Creek
Economic direction
Mixed
Period
Dates not stated
Key terms
Agreement negotiation target: November2026
How it affects our valuation

No valuation treatment is available for this arrangement.

Exploratory antimony midstream discussions and testwork planning; no binding offtake or funded processing facility disclosed.

Strategic Partnership · Announced
Counterparties
Victorian and Australian governments · International partners
Applies to
Sunday Creek · Others
Economic direction
Benefit
Period
Dates not stated
Key terms
Engagement: Antimony midstream processing discussions
Metso: FEL1 pilot testwork scope and planning toward FEL3
How it affects our valuation

No valuation treatment is available for this arrangement.

EXIM Letter of Intent application lodged; no awarded funding commitment disclosed.

Other · Announced
Counterparties
Export-Import Bank of the United States
Applies to
Sunday Creek · Gold · Others
Economic direction
Benefit
Period
Dates not stated
Key terms
Status: Letter of Intent application lodged
How it affects our valuation

No valuation treatment is available for this arrangement.