Significant Gold Discovery at Sunday Creek Project

Mawson Gold Limited, through its subsidiary Southern Cross Gold Ltd., announced a major discovery at the Sunday Creek Gold-Antimony Project in Victoria, Australia. The significant find occurred at the Golden Dyke mine area, with drilling extending known mineralization deeper than previous attempts. A standout result from drill hole SDDSC141 revealed 5.5 meters at 25.4 g/t gold, including a section of 1.4 meters at an impressive 101.1 g/t gold.

Mineralization at Sunday Creek follows a distinct ladder pattern, featuring high-grade gold and antimony-bearing vein sets. This development is crucial, especially amidst heightened demand for antimony due to global supply chain pressures. Currently, five drill rigs are active at the site with a sixth planned to commence by December. The exploration program aims to continue uncovering the zone's potential.

Mawson holds a significant 48.7% stake in Southern Cross Gold, valuing its investment substantially, reflecting confidence in the project's future prospects.