Michael Hudson SX2.AX

President, Chief Executive Officer and Managing Director, Southern Cross Gold Consolidated

Southern Cross Gold Consolidated Ltd - Michael Hudson, President & CEO

📅 Aug 04, 2026 Diggers & Dealers Mining Forum 15 MIN 670 VIEWS 20 SEGMENTS · 2 SPEAKERS

What Michael Hudson said

Written from the verified transcript and checked against it. Every figure links to the moment it was said.

Michael Hudson, President and CEO of Southern Cross Gold Consolidated, presented at the Diggers and Dealers Mining Forum on August 4, 2026. He discussed the company's Sunday Creek discovery in Victoria, Australia, which he described as a high-grade gold and antimony project discovered only three and a half years ago. Hudson highlighted the company's dual listing on the TSX and ASX, with about 30% of investors being associates of Pierre Lassonde. He stated the company has $123 million in cash, is running 11 drill rigs, and plans to expand to 24 by year-end. He emphasized the project's antimony content, noting it is a critical mineral with about 20% in-situ recoverable value, and detailed plans for a decline, maiden resource publication in Q1, and technical studies in Q2. Hudson also noted the permitting environment in Victoria, where their decline was approved in four months.

Key takeaways

Company has $123 million in cash, fully funded for current activities.
Drill rigs will expand from 11 to 24 by the end of the year, the largest pre-development drill-out globally.
Maiden resource publication targeted for end of Q1, with technical studies in Q2.
About 20% of the project's in-situ recoverable value is antimony, a critical mineral.
Exploration target is a multi-million ounce, 10 g/t gold deposit, with only 10% of the trend explored.

Numbers and commitments

Figure	What it refers to	Type	At
$123 million	Cash on hand as of last quarter	metric	1:31
24 rigs	Drill rigs planned by end of year	commitment	3:25
130 km	Drilling completed to date	metric	3:25
35 km	Core in lab or on racks	metric	4:26
93	Intersections exceeding 100 g/t gold	metric	5:22
110	Intersections exceeding 10% antimony	metric	5:22
20%	In-situ recoverable value from antimony	metric	5:22
1,400 hectares	Freehold land owned	metric	5:22
$60 million	Drilling budget	guidance	8:52
4 months	Time to permit the decline	metric	11:50

Chapters

0:00Company overview and funding
2:23Geographic setting and land position
3:25Drilling program and exploration targets
5:22Antimony and critical mineral story
8:52Development plans and timeline
9:49Team and contractors
11:50Victoria permitting environment
13:59Metallurgy and recoveries
14:21Next 12 months outlook

Host 0:00 ↗

Thank you very much, Phil. Up next, for his second time presenting at Diggers and Dealers, Mike Hudson. Mike, or Michael Hudson, I suppose we can call you that, Mike, since we're all formal up here. Mike's President and CEO and Managing Director of Southern Cross Gold Consolidated. His background is in geology. His career has spanned 30 years and he's made discoveries in South Australia, Pakistan, Scandinavia, but to name a few. And his career began in Broken Hill back in 1990. So, please give Michael a warm welcome to the stage.

2 more exchanges in this transcript

Cite this transcript

APA, MLA, BibTeX

APA

Hudson, M. (2026, August 4). Southern Cross Gold Consolidated Ltd - Michael Hudson, President & CEO [Interview transcript]. Diggers & Dealers Mining Forum. CEOInterviews.AI. https://ceointerviews.ai/interview/3041125/

MLA

Michael Hudson. "Southern Cross Gold Consolidated Ltd - Michael Hudson, President & CEO." Diggers & Dealers Mining Forum, 4 Aug. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/3041125/.

BibTeX

@misc{hudson2026_3041125,
  author       = {Michael Hudson},
  title        = {Southern Cross Gold Consolidated Ltd - Michael Hudson, President \& CEO},
  howpublished = {Interview transcript, Diggers \& Dealers Mining Forum. CEOInterviews.AI},
  year         = {2026},
  month        = {aug},
  url          = {https://ceointerviews.ai/interview/3041125/},
  note         = {Speaker-attributed transcript with timestamps}
}

▶

Key Quotes (2)

“It's a gold project with a smattering of a critical minerals flavor. Of that money that I said we had in the bank, here's the plan. We're drilling lots, $60 million, 11 rigs going to 24. I've mentioned that. 30 million bucks into a decline, 1.2 km of development. So that is now underway and will be finished by the end of the year. Following all that drill out, we'll be publishing our maiden resour”

▶ 8:45 POLICY

“The elephant in the room is, yes, it is in Victoria. And isn't Victoria a basket case and very hard to get anything done? Well, apparently not. There's been four mines permitted. I still stood up here and told you last year what was the best place to permit a mine in Australia. And I said Victoria. I got a laugh. And probably did again just then. But in terms of the metrics, if you just look at th”

▶ 11:50 CONTROVERSIAL POLICY

Mentioned in this interview

Pierre Lassonde: Major investor and author of the Lasounde curve

Elkain Resources: Largest antimony producer currently in Victoria

Fosterville: Highest-grade gold mine on Earth from 2018 to 2021, 100 km away

Costerville: Another gold mine about 60 km from the project

Ian Smith: Former CEO of Newcrest, recently joined the board

Pybar: Contractor doing the decline work

Lovato: Antimony producer coming on in New South Wales

Earlier, on the same topics

“It's a very unique system globally. It's hitting at hit rates you know the 100 G meter hit rate we doubled the 100 G meter hits from 25 to 50 in 2024 with only about nearly 70 km of drilling into this to date. So the hit rates are trending and getting better as we understand the system. We only hope”

pre-development · Jan 23, 2025 at 13:45 →

“No doubt that the hit rate is world class. We don't see gold coming out of many deposits globally at the rate that we have been hitting for the last few years. So I think that that weight of evidence is very much in everybody's minds. We've got an exploration target at 2.2 to 3.2 million ounces, 8.5”

pre-development · Aug 19, 2025 at 1:07 →

“We're sitting here with a tier one discovery in a tier one jurisdiction with a tier one bull market. Let's not forget that, you know, and it's not necessarily topping as far as I can see in terms of gold, you know, the world is just starting to wake up to the gold trade. And then we've got an amazin”

critical minerals · Dec 22, 2025 at 0:56 →

“It's going to be a plus 10 g multi-million ounce system is where we've given the guidance around our exploration target with about 80 kilometers into it earlier last year. Um and of course we've done a lot of drilling since then. So this is an incredibly high-grade system but it is also an incredibl”

Jan 07, 2026 at 6:14 →

Every Michael Hudson interview →

More interviews with Michael Hudson

High Grade Gold & Antimony: Inside One of the World’s Most Exciting Discoveries with Michael HudsonApr 22, 2026 · Dig Deep The Mining Podcast · 34 min
Michael Hudson of Southern Cross Gold Consolidated at Metals Investor Forum in Toronto | Feb. 2026Mar 06, 2026 · Metals Investor Forum · 11 min
Michael Hudson of Southern Cross Gold Consolidated Ltd. talks to Joe Mazumdar | MIF | Feb 2026Mar 06, 2026 · Metals Investor Forum · 11 min
Southern Cross Gold CEO Michael Hudson on Drilling 559 Metres @ 2.1 g/t Gold at Sunday CreekFeb 04, 2026 · Resource Stock Digest · 10 min
Southern Cross Gold CEO Michael Hudson on Hitting 12.2 m @ 32.4 g/t Gold at Golden DykeJan 07, 2026 · Resource Stock Digest · 11 min
Southern Cross Gold is in pre-production mode - exclusive interview with CEO Michael HudsonDec 22, 2025 · Alpha Capital Australasia · 10 min

All Michael Hudson transcripts →

About Michael Hudson

Michael Hudson, President, CEO, and Managing Director of Southern Cross Gold Consolidated, has been actively promoting the company's Sunday Creek gold-antimony project in Victoria, Australia, through conference presentations, investor interviews, and corporate updates. He has described the project as a multi-million-ounce, high-grade gold discovery with antimony as a significant byproduct, stating that gold accounts for roughly 80% of the in-situ recoverable value and antimony the remaining 20%. Hudson has highlighted the project's strategic importance, noting that antimony is a critical mineral with supply dominated by China and Russia, and has said the company is working to help rebuild a Western supply chain. He has also emphasized the supportive regulatory environment in Victoria, citing the permitting of multiple mines in the state and the approval of an exploration decline at Sunday Creek, which he said was granted in four months. Hudson has detailed the company's expansion plans, including scaling its drilling program from around ten rigs to over twenty, with the goal of publishing a maiden resource in early 2026 and advancing technical studies. He has reported strong drill results, including intercepts with high gold grades and antimony credits, and has said the deposit continues to grow with ongoing exploration. Hudson has also discussed the company's financial position, noting it is fully funded with a substantial cash balance, and has highlighted the backing of major shareholders and institutional investors. He has described the project as one of the few high-grade, tier-one gold discoveries globally and has expressed confidence in its potential to become a high-margin mining operation.

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