Southern Cross is well-funded to accelerate evaluation of its properties, primarily the 100%-owned Sunday Creek project in Victoria, where the drill rigs continued to operate throughout the IPO process.

Southern Cross Gold has listed on the ASX with an existing gold-antimony discovery and enough funding to keep the drill bit spinning until 2024, a serious difference from many of its peers.

Breathing new life into Victoria’s historic goldfields using modern exploration technology will be a priority for Southern Cross Gold (ASX: SXG) when it makes its ASX debut on Monday 16 May.

The company is setting up a full-on site tour of its Sunday Creek, Whroo/Balaclava and Redcastle tenements on 19 May which will include an up-close look at operating drill rigs and the Nagambie drill core sheds.

Southern Cross is what the modern exploration company needs to look like – well established, diamond drilling undertaken and the ability to deliver results soon after listing.

The Vancouver-based Mawson is looking to raise A$8-10 million at 20c to set Southern Cross Gold free, topping up a starting $2.2 million cash position.