Company Overview

Southern Cross Goldfields Ltd (SXG) was admitted to the official list of the Australian Securities Exchange (ASX) on 20th March, 2008. The company was originally formed as a vehicle to explore for non iron ore minerals, in particular gold, nickel and copper-lead-zinc, on tenements owned by Polaris Metals NL (POL). Prior to SXG listing on the ASX, other ground in the vicinity of Polaris's tenements was acquired in order to consolidate tenement holdings in the Southern Cross and Marda Diemals greenstone belts. In particular, significant landholdings were acquired from International Goldfields Ltd (IGL), Heron Resources Ltd (HRR) and Transit Holdings Ltd (TRH). This effectively gives SXG control of all non iron ore minerals (except for various minority interests and royalties) over approximately 3,400km² of dominantly Archaean greenstone terrane in the central part of the Yilgarn Craton.

SXG's tenements in the Southern Cross district, while remaining the core focus of exploration, have recently been augmented by the acquisition of several tenements prospective for phosphate in northern and western WA. This takes SXG's total tenement package, assuming all applications are granted, to about 6,700km². Phosphate is seen by SXG as an important industrial mineral with strong fundamentals and could help underpin the long term performance of the company, while not distracting from its core gold and nickel exploration in the short term.