SXG Completes Acquisition of Redcastle Gold-Antimony JV

Mawson Gold Limited announced that Southern Cross Gold Ltd. (SXG) has reached an agreement to acquire the remaining 30% interest from Nagambie Resources Limited in the Redcastle Gold-Antimony Joint Venture. The purchase price for this acquisition is set at A$250,000, excluding GST. This move grants SXG full ownership of the Redcastle project, eliminating all remaining royalty obligations. The Redcastle project, located in Victoria’s Goldfields, is renowned for its historical gold production.

Concurrent with the acquisition, SXG will take charge of all mining information related to the tenements. The acquisition aligns with SXG’s focus on the Sunday Creek gold-antimony project, where multiple drill rigs are operational. Michael Hudson, Mawson's Interim CEO, highlights the strategic importance of consolidating ownership in this high-grade area, supporting SXG's exploration strategy at Redcastle.