spin off southern cross goldfields

Part of address to the Polaris 2007 AGM.


SOUTHERN CROSS GOLDFIELDS
Gold and Nickel Exploration Company
Southern Cross and Marda-Diemals Districts, WA
Seeking To Raise $10M

What’s In This For Polaris Shareholders

.. Ongoing Exposure to Gold & Nickel
.. Realising Value in Undervalued Components of
Polaris’ Assets
.. In Specie Distribution of Vendor Shares In SXG
Issued to Polaris (subject to shareholder
approval at a future Polaris Meeting)
.. Priority Entitlement in IPO

Project Locations – Four Major Project Areas
325 Tenements
~3800km²
Agreements currently being finalised

Marda - Gold Resources Exploration Upside.

Bullfinch North - Nickel +/- Gold.

Parker Range - Gold Resources at Battler & British Hill.

Perrinvale - Gold +/- Nickel.


Marda Gold Project
.. Major Consolidation of the Belt, ~2500km²
.. Drilling Is Restricted, Based Mainly on Soil Sampling and Generally Shallow
.. Numerous Significant Intercepts Remain to be Followed Up.
.. Over 400,000oz production plus known JORC compliant resources in the Belt.
.. SXG Holds 79,000oz with option on 249,000oz
.. New Concept – Porphyry Hosted Mineralisation, Large Size Potential
.. New Concept – Nickel (0.33% Ni & 0.13%Cu, Magnetic High = Komatite?)
.. New Concept – VHMS Base Metals (8m @ 8.3% Cu &
4.3g/t Au at Copper Bore)


Marda Evanston Gold Targets.

•Evanston Shear Zone – Red Boomerang,
Prindiville, Montpellier
•Yarbu / Clampton North Trend – King
Brown, Clampton, Yarbu, Andromeda,
Sand Plain
•Jackson Trend – North Yilgarn, Jackson,
Golden Orb, Funnel Web
•Marda Trend – Marda Central Deposits
•Red Legs Trend – Red Legs, Die Hardy,Mt King.

Marda Evanston Red Boomerang.
New Concepts
•Major Porphyry Hosted Mineralisation
•Kanowna Belle Analogue
•Very Significant Intercepts Including:
•11m @ 4.7g/t Au
•35m @ 1.8g/t Au
•incl. 13m @2.8
•15m @ 2.9g/t Au
•2m @ 12.8g/t Au

Bullfinch North Nickel Project
.. ~380km²
.. Excellent Nickel Potential – Walk Up Targets.
.. Trough Well: 14m @ 2.74%Ni, 4m @ 3.22%Ni
.. Trough Well North: Plus 1km @ >0.5%Ni
.. Plus 1Moz Gold Producer 2km South.

Corporate Strategy

.. Commodity Focus – Gold and Nickel
.. Geographic Focus - Consolidate the
Marda-Evanston and Southern Cross Belts
.. Aggressive Exploration, ~$3M/year in ground.
.. Drill rig organised from February, 2008 to
Dec 2008, shared with Polaris.