Southern Cross Gold Consolidated Darren Morcombe Lifts Stake to 11.74% via On-Market Purchase of 100,000 Shares

Shwetambri Chauhan

09 November 2026 03:33 PM AEDT

Southern Cross Gold Consolidated Darren Morcombe Lifts Stake to 11.74% via On-Market Purchase of 100,000 Shares

Image Source: Krish Capital Pty Ltd

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Southern Cross Gold Consolidated Ltd (ASX:SX2) has received a notice of change of interests of substantial holder, disclosing that Darren James Morcombe and Springtide Capital Pty Ltd increased their combined voting power in the company from 11.70% to 11.74% following an on-market purchase of 100,000 common shares on 6 November 2026.

Key Points

Darren James Morcombe and Springtide Capital Pty Ltd jointly hold 31,668,201 common shares, representing 11.74% voting power
The change resulted from an on-market purchase of 100,000 common shares by Darren Morcombe on 6 November 2026, at a consideration of CAD 857,738.64
The previous notice, dated 4 November 2026, recorded 31,568,201 common shares and voting power of 11.70%
Darren Morcombe holds 24,432,839 common shares (9.06%) directly, while Springtide Capital Pty Ltd holds 7,235,362 common shares (2.69%)

On-Market Purchase Details

According to the filing, Darren Morcombe completed an on-market purchase of 100,000 common shares in Southern Cross Gold Consolidated Ltd on 6 November 2026. The consideration given in relation to the change was CAD 857,738.64. The nature of the relevant interest for both Darren Morcombe and Springtide Capital Pty Ltd is described as arising pursuant to section 608(1)(a) of the Corporations Act 2001 (Cth). The filing was signed by Darren James Morcombe in his capacity as individual and sole director.

Present Relevant Interests of Substantial Holders

Following the change, Darren Morcombe is the registered holder and person entitled to be registered as holder of 24,432,839 common shares, equating to 9.06% of votes. Springtide Capital Pty Ltd (ACN 090 701 189) is the registered holder and person entitled to be registered as holder of 7,235,362 common shares, equating to 2.69% of votes. The combined holding of Darren James Morcombe and Springtide Capital Pty Ltd totals 31,668,201 common shares, representing 11.74% voting power in Southern Cross Gold Consolidated Ltd (ARBN 681 229 854).

Previous Notice and Voting Power Comparison

The previous substantial holding notice was given to the company on 4 November 2026 and was dated 4 November 2026. At that time, the combined holding of Darren James Morcombe and Springtide Capital Pty Ltd stood at 31,568,201 common shares, representing voting power of 11.70%. The current notice, reflecting the change dated 6 November 2026, records the updated combined position of 31,668,201 common shares at 11.74% voting power. The filing disclosed no changes in association among the persons named.

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