Southern Cross Gold Consolidated (ASX:SX2) said that its CHESS depositary interests will be added to the S&P/ASX All Ordinaries Index, effective before the market opens on March 24, according to a Tuesday Australian bourse filing.

The index represents the 500 largest companies listed on the ASX by market capitalization, the filing said.

It also announced that it will grant 700,000 stock options in aggregate to Canadian officers and a consultant in Australia to acquire 700,000 common shares for a period of three years and vest immediately from the date of the grant.

The options are exercisable at CA$3.38.