During 2022, Mawson Gold also saw a major corporate event with the spin-out of our Australian assets into Southern Cross Gold Ltd. (“SXG”), which has now raised over A$25m since listing on the ASX. SXG have built on Mawson Gold’s initial discovery at Sunday Creek, which is now a pre-eminent Australian discovery. SXG was the second-best IPO on the ASX during 2022, which leaves our 51% ownership position with a market value of ~ C$66m.
SXG Research / Summary, page-60
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