wsa far richer than jubilee mine, page-7

SXG has no dril results yet, but this may help....

Greetings all,

May I introduce Southern Cross Goldfields (SXG). Through Heron’s shareholding in Polaris and my Polaris directorship, I have been involved in the spinning out of the Polaris non-iron ore assets into SXG. MD of SXG is Tony Truelove (a top quality explorationist with fantastic gold discovery record), and Chairman is Samantha Tough (lawyer, strong commercial background with Woodside and others). The features that have drawn me to SXG include:

Gold Targets

• At a time of record gold prices, SXG has tied up a substantial gold portfolio, with current gold prices opening up the potential for (previously unexplored) bulk tonnage systems.
• 106koz in resources (plus options on a further 200koz, dependent upon a proposed Nature Reserve outcome).
• Geographic, geological and commodity (gold and nickel) focus within the northern Southern Cross greenstone belt of the central Yilgarn Craton.
• 3,400 km² of largely contiguous gold-nickel tenements, good regional data base, but lacking ‘modern’ interpretation, quite likely the last remaining under-explored gold and nickel belt in WA.
• Previous exploration models outmoded, and didn’t look under extensive cover, instead entirely focused on outcropping BIF-hosted gold mineralization as outlined through soil geochem.
• Early ‘Kanowna Belle style’ gold target identified at Red Boomerang.
• Long ‘pipeline’ of gold targets - ‘lot of smoke’, lot of exploration results will be generated in the two years following listing.
• Drill rig secured, drilling commencing March 2008, drill on site full year (20,000m drilling planned).

Nickel Targets
• Early stage ‘Flying Fox style’ nickel target at Trough Well Extended.
• Long pipeline of nickel targets, over 140km prospective ultramafic strike.
• Potential new early stage nickel province identified at Marda.
• Western Areas NL cornerstone investor, has applied for 5m shares ($1M).
SXG Team
• Strong ‘hands-on’ Board led by Tony Truelove, focused Management Team.
• Team has solid track record of successful gold mine discoveries.
• The Board has bought its equity at 20c in the IPO, there are NO promoter or seed shares.

The SXG float closes on 29 Feb 08, and we are looking for a bit more spread. The Prospectus is available at www.scross.com.au or by contacting Dan Calvert (Company Secretary – Southern Cross Goldfields) on (08) 9215 7600.

Trust all is going well for you.

Best regards
Ian Buchhorn