Mawson Gold Ltd (MAW,TSX)

What Mawson Gold Ltd (MAW,TSX) does

Mawson Gold Ltd (MAW,TSX) is a mineral exploration company focused on gold and antimony in Australia, with its principal operating assets held through Southern Cross Gold Consolidated Ltd (SXGC on TSXV, SX2 on ASX). The company controls three exploration projects: Sunday Creek, the flagship 100%-owned project located approximately 60 km north of Melbourne in Victoria, where drilling has returned 85 composite intersections above 100 g/t Au and 104 individual intersections above 10% Sb across an 11 km mineralised trend; Redcastle, also in Victoria roughly 120 km north of Melbourne; and Mt Isa, a 458 km² tenement package in Queensland that extends the portfolio beyond the original Victorian footprint.

The business model is classic junior exploration optionality: capital is raised through equity issuance (including a dual TSXV/ASX IPO of the operating vehicle via prospectus) and deployed into multi-rig drilling campaigns, assaying, geological interpretation, and community engagement. There are no producing mines, no revenue line, and no offtake or streaming agreements disclosed. With a 9-person team, the company's value driver is conversion of drill-defined mineralisation into a defined mineral resource and, ultimately, a development decision rather than current cash flow.

The company was founded in 2004 and is presently pre-revenue, with strategic intent signalled by ongoing step-out drilling at Sunday Creek, the Mt Isa expansion into Queensland, and investor-relations activity such as participation at the RIU Sydney Resources Roundup in May 2026. Until a resource is published and a development path is selected, Mawson remains an exploration-stage equity whose valuation is driven by drill results, tenement quality, and capital-raise capacity rather than commercial operations.

Name

Mawson Gold Ltd (MAW,TSX)

Legal name

Southern Cross Gold Consolidated Ltd

Website

https://mawsongold.com

Company type

Public

Operating status

Operating

Headcount range

1–10 employees

Short description

Mawson Gold Ltd (MAW,TSX) is a pre-revenue Australian mineral exploration company focused on gold and antimony, operating the Sunday Creek, Redcastle, and Mt Isa projects through dual-listed vehicle Southern Cross Gold Consolidated Ltd (SXGC/SX2). It serves institutional and retail resources investors via equity-funded exploration optionality.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Gold Ore and Silver Ore Mining (21222), Support Activities for Metal Mining (213114), Metal Ore Mining (2122)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industries

Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

Keywords

• Gold exploration
• Antimony exploration
• Mineral exploration
• Drill-based discovery
• Victorian Goldfields

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others

Distribution channels1 record

Marketing channels5 records

Core offering

Mawson Gold Ltd is a publicly listed mineral exploration company focused on grassroots drill-based discovery of gold and antimony deposits. The company explores three principal projects: the flagship Sunday Creek gold project (100% owned, located 60km north of Melbourne in the Victorian Goldfields), the Redcastle gold project (120km north of Melbourne), and the Mt Isa exploration licences (458 km2 across seven prospecting licences in Queensland). The company is in the exploration and discovery phase, working to identify and develop large, long-life mineral resources through drilling programs targeting high-grade gold and antimony mineralization.

Product overview

Southern Cross Gold Consolidated Ltd is a gold and antimony exploration company. The company operates as a single-asset-focused mining exploration business with three principal projects: the flagship Sunday Creek gold project (100% owned, located 60km north of Melbourne), the Redcastle gold project (120km north of Melbourne), and the Mt Isa exploration licences in Queensland (458 km2 across seven exploration prospecting licences). The company does not offer a multi-module product platform; its offering consists solely of mineral exploration assets and drilling programs targeting gold and antimony mineralization along an 11km mineralised trend.

Differentiator

Problem solved

Functional benefit

Products and services

• Sunday Creek Gold Project 100% owned flagship gold and antimony exploration project located 60km north of Melbourne in the Victorian Goldfields, Australia. An important grassroots drill discovery with a high-grade hit rate demonstrating 85 composite intersections exceeding 100 g/t Au and 104 individual intersections exceeding 10% Sb over an 11km mineralised trend.
• Redcastle Gold Project Gold exploration project located 120km north of Melbourne in the Victorian Goldfields. The area had approximately 40,000 gold workings in a 6km x 4km area during the Gold Rush era of the 19th century, with 17km of mineralised veins. Located along strike from Mandalay Resources' Costerfield mine.
• Mt Isa Exploration Project Exploration project consisting of seven exploration prospecting licences covering 458 km2 in the Cloncurry district of Mt Isa, Queensland, Australia. The project covers a combined 60km of strike surrounded by South32 and Sandfire Resources.

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Mandalay Resources Corporation: Mandalay operates the Costerfield gold-antimony mine in the Victorian Goldfields, directly along strike from Mawson's Redcastle project. It is the most operationally comparable gold+antimony producer in the same jurisdiction, providing a regional analogue for SXGC's Sunday Creek and Redcastle assets.
• Catalyst Metals Limited: Catalyst Metals is an ASX-listed gold explorer and producer with multiple projects across the Victorian Goldfields, including the Plutonic Gold Belt in Western Australia. It is a directly comparable junior-to-mid gold peer operating in Mawson's core jurisdiction.

Broad incumbents

• Newmont Corporation: Newmont is the world's largest gold miner with a global portfolio of producing assets. It is a broad incumbent peer relevant for scale benchmarking, M&A capacity, and the strategic benchmark for evaluating high-grade Victorian gold discoveries.
• Agnico Eagle Mines Limited: Agnico Eagle owns the Fosterville gold mine, one of the highest-grade gold operations globally located in the Victorian Goldfields. It is the dominant incumbent in Mawson's jurisdiction and the most likely strategic acquirer of a major Victorian high-grade discovery.

Emerging players

• Perpetua Resources Corp. Perpetua is advancing the Stibnite gold-antimony project in Idaho, one of the few Western gold-antimony assets outside China. It is a directly comparable critical-mineral-co-product gold developer and the clearest US-listed proxy for SXGC's gold-antimony thesis.
• Saturn Metals Limited: Saturn Metals is an ASX-listed junior gold explorer advancing the Apollo Hill project in Western Australia. It is a directly comparable Australian-listed pre-resource gold exploration peer for trading-multiple and capital-raise benchmarking.

Regional players

• Ramelius Resources Limited: Ramelius is an ASX-listed Australian gold producer with operations in Western Australia and a history of acquisitive growth. While it operates primarily in WA, it is a comparable ASX-listed Australian gold peer relevant for capital-markets benchmarking and consolidation.
• Genesis Minerals Limited: Genesis Minerals (formerly St Barbara's Leonora assets plus Dacian Gold) is an ASX-listed Australian gold producer focused on the Leonora region of Western Australia. It is a comparable Australian-listed gold peer relevant for valuation benchmarking of mid-tier domestic gold developers.

Market position

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mawson-gold-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mawson Gold Ltd (MAW,TSX)