SXG Secures FIRB Approval for Strategic Land Acquisition

Mawson Gold Limited, based in Vancouver, has announced that Southern Cross Gold Ltd (SXG) has received approval from Australia's Foreign Investment Review Board (FIRB) to acquire all shares in Sparr Nominees Pty Ltd. This acquisition involves a share swap agreement, previously announced in October 2024.

Sparr Nominees Pty Ltd owns significant agricultural land totaling 921.22 hectares and has liabilities in the form of AUD$18.75 million cash. The terms of the acquisition involve exchanging 22,088,670 SXG shares for complete ownership of Sparr's shares. This acquisition, scheduled for completion soon, expands SXG's current landholding to 1,054.51 hectares, crucial for the Sunday Creek Project's growth.

Michael Hudson, Interim CEO of Mawson, emphasized that this strategic agreement secures vital land and financial resources necessary for the development of the gold-antimony discovery at Sunday Creek.