Victoria's New Strategy Boosts Mineral Sector with Key Approvals

Mawson Gold Limited reports that Southern Cross Gold Ltd. welcomes the Victorian Government's recent announcements that boost the regional critical minerals sector. The approvals of the Goschen and Avonbank Mineral Sands Projects highlight efforts toward sustainable mining progress.

Premier Jacinta Allan's Economic Growth Statement aims to streamline approval processes, including reducing Environmental Effects Statement review times to 18 months. This initiative is expected to attract significant investments while balancing economic and environmental standards. Minister D'Ambrosio and Minister Kilkenny's leadership is praised for shaping a clear pathway for mineral development.

The announcement positions Victoria as a potential leader in mineral supply, especially with antimony. Given China's dominant supply position and export restrictions, Victoria could emerge as a central figure in meeting Western demand. Southern Cross Gold is poised to leverage this opportunity with its significant antimony projects.