Southern Cross Goldfields Ltd

Resources

SXG's total JORC compliant Mineral Resource inventory in the Southern Cross region is set out below:

SXG Mineral Resource Estimate (as at November 2011)
Deposit Measured Indicated Inferred Total
Tonnes Grade g/t Ounces Tonnes Grade g/t Ounces Tonnes Grade g/t Ounces Tonnes Grade g/t Ounces
Northern Deposits
Marda Central 1,918,197 1.91 117,506 161,609 1.61 8,344 326,748 1.70 17,895 2,406,554 1.86 143,745
King Brown 100,288 4.36 14,060 63,334 2.59 5,274 73,925 2.95 7,012 237,547 3.45 26,346
Golden Orb 415,829 3.01 40,246 102,890 1.97 6,517 175,600 1.79 10,107 694,319 2.55 56,870
Mt King 523,000 3.00 50,540 523,000 3.00 50,540
Sub-Total 2,434,314 2.20 171,812 327,833 1.91 20,136 1,099,273 2.42 85,464 3,861,420 2.23 277,412
Barranco Option 1,711,000 2.54 139,741 1,711,000 2.54 139,741
Sub-Total 2,434,314 2.20 171,812 327,833 1.91 20,136 2,810,273 2.49 225,205 5,572,420 2.33 417,153
Southern Deposits
Battler 361,344 2.69 31,255 39,300 3.46 4,372 52,087 3.53 5,912 452,731 2.85 41,539
British Hill 1,166,000 1.90 71,235 557,000 1.90 34,029 1,723,000 1.90 105,264
Sub-Total 361,344 2.69 31,255 1,205,300 1.95 75,607 609,087 2.04 39,941 2,175,731 2.10 146,803
TOTAL 2,795,658 2.26 203,066 1,533,133 1.94 95,743 3,419,360 2.41 265,146 7,748,151 2.26 563,955
Laterite
Dulcie 1,020,000 0.70 22,958 100,000 0.70 2,251 1,120,000 0.70 25,209
Sub-Total 1,020,000 0.70 22,958 100,000 0.70 2,251 1,120,000 0.70 25,209
TOTAL 2,795,658 2.26 203,066 2,553,133 1.45 118,701 3,519,360 2.36 267,397 8,868,151 2.07 589,164
Notes to resources table

Infill and extensional diamond and RC drilling has been undertaken at each deposit in the first half of 2011 as part of the Company's feasibility study. The Mineral Resource Estimates for each deposit are being updated progressively as assay results are received and interpretations completed. The results of the drilling programmes conducted in 2011 have been very encouraging. Please refer to the Company's announcements for further details.

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JORC Mineral Resource Estimates 2009 to 2011