Community hub
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Building and maintaining trusting relationships with our local community is as important for SXG as discovering high grade gold"
Investment in our local community through a local first purchasing focus ensures that, where possible, funds from SXG’s exploration activities flow back in the communities where we operate. Our staff and contractors are instructed to source locally based goods and services including food, fuel and consumables where available.
Regional exploration activities rely on local businesses and service providers to support our geologists, technical consultants and specialist drilling contractors. Sourcing this assistance from local businesses ensures a fair share of expenditure remains within the communities where we operate and that SXG is able to call upon a reliable network of local suppliers should exploration progress in the future.
SXG’s Victorian current exploration and retention licences cover more than 44,000 Ha across Central Victoria and includes the historic townships of Redcastle, Whroo and Clonbinane.
The old timers didn’t mine all the gold, with 75 Moz of gold estimated to remain in Victoria. That’s almost as much gold as has been extracted since the gold rush (Geoscience Victoria).
SXG currently employs 20 employees directly and additional local contractors.
Over $200M total mineral exploration expenditure across Victoria in 2022.*
(source ABS Mineral & PetroleumExploration, Australia, March 2023)
Victorian mining is estimated to pay $140 million in royalties in 2022-23. This is in addition to various fees and charges imposed by mining.
~58% of Victoria is currently covered by exploration licences.
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