5:13I have to touch on the antimony because if memory serves me right, the antimony contributes about 20% of the economic value thus far. Is that accurate?
7:02Well, listen, I would ask what comes next, but with eight rigs and assays pending and the kind of grades and hits that Southern Cross keeps delivering to the market, I think that pretty much answers itself. Anything else to add, Mike?
This is Gerardo Del Ral with Resource Stock Digest. Joining me today is the president and CEO of Southern Cross Gold Consolidated, Mr. Michael Hudson. Mike, it's great to have you on. We are overdue for a chat regarding Southern Cross Gold. We have a new all-time high in gold, over 3,000. We have a new all-time high in antimony. You happen to have a whole heck of a lot of both, and you also happen to command a billion-dollar market cap now. So congratulations on that accomplishment. It's been a heck of a couple of years. Great work by you and the team.
Thanks, Gerardo. But I should state that we're really at the start of this process, far from the end. And we're at an exciting juncture, no doubt, in the business and the market because we made this discovery for the most part when we didn't have a market. And I always said, gee, I'd love to have a market to tell this story in, but certainly clearly there today.
Well, a lot has happened since the last time you and I chatted. You have been busy on the road at conferences, working, doing what great management teams do, right? So since we've chatted, Southern Cross Gold has doubled its exploration target, right, with increasing grades at Sunday Creek. You've also announced the inclusion into the S&P and ASX index, which is positive, obviously, and you started the permitting process for an exploration tunnel at Sunday Creek. So how are things coming along over there? Busy, busy, busy.
Yeah. No, lots happening, and you really go for it. When you are on a great discovery, and this is by many measures one of the best discoveries, if not the best discovery, on a drill measure basis. You know, we're hitting, we've got 60 individual intersections greater than 100 g/m gold equivalent with 70-odd kilometers drilled. So that hit rate, you know, 60 divided by 70 basically is giving us a hit rate that's better than anything else that I can see globally. But that alone is not where we're at. You know, when you talked about the exploration target doubling, so now that sits at 2.2 to 3.2 million ounces at 8.12 to 10.6 g equivalent. So we've got a multi-million-ounce high-grade discovery, and ultimately what does that mean? It's a very, very rare asset that, ideally, and our aim is to produce the highest-margin gold business globally, and there's very few opportunities, in fact not many that I can see, in tier-one jurisdictions that are multi-million-ounce, high-grade, you know, around that 10 grams, that are owned in a pre-development situation by a single junior company. So that makes this asset extremely rare, especially here in Australia. Over the last week, you know, Spartan Gold was taken out for an incredible valuation, you know, upwards of $900 an ounce in the ground resources. So that just gives you an idea on where this can go just on a resource base as we start to drill this out, let alone where it's going as we continue to de-risk it and put those exploration declines or tunnels in, etc.
Hudson, M. (2025, March 24). Southern Cross Gold CEO Michael Hudson on Advancing the Multi-Million Oz Sunday Creek Gold Project [Interview transcript]. Resource Stock Digest. CEOInterviews.AI. https://ceointerviews.ai/interview/3041139/
MLA
Michael Hudson. "Southern Cross Gold CEO Michael Hudson on Advancing the Multi-Million Oz Sunday Creek Gold Project." Resource Stock Digest, 24 Mar. 2025. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/3041139/.
BibTeX
@misc{hudson2025_3041139,
author = {Michael Hudson},
title = {Southern Cross Gold CEO Michael Hudson on Advancing the Multi-Million Oz Sunday Creek Gold Project},
howpublished = {Interview transcript, Resource Stock Digest. CEOInterviews.AI},
year = {2025},
month = {mar},
url = {https://ceointerviews.ai/interview/3041139/},
note = {Speaker-attributed transcript with timestamps}
}