Crk presentation may 30  2011 final v001 k1a3x2
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Crk presentation may 30 2011 final v001 k1a3x2 Presentation Transcript

  • 1. Up and Coming Australian Gold Producer MAY 2011TSX:CRK OTCQX:CROCFFRANKFURT:XGC
  • 2. Disclaimer Forward Looking Statements TSX:CRKThis presentation contains forward-looking statements under Canadian securities legislation. Forward-looking statements include, but are notlimited to, statements with respect to the development potential and timetable of the projects; the Company’s ability to raise additional funds asnecessary; the future price of gold; the estimation of mineral resources; conclusions of economic evaluation (including scoping studies); therealization of mineral resource estimates; the timing and amount of estimated future production, development and exploration; costs of futureactivities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; governmentregulation of mining operations; and environmental risks. Generally, forward-looking statements can be identified by the use of forward-lookingterminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”,“would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are based on the opinions and estimates of managementas of the date such statements are made. Estimates regarding the anticipated timing, amount and cost of mining at the projects are based onassumptions underlying mineral resource estimates and the realization of such estimates; results of previous mining activities at the projects, anddetailed research and analysis completed by independent of the Company; research and estimates regarding the timing of delivery for long-leaditems; knowledge regarding the factors consultants and management involved in building a mine and other factors described in the technicalreports and Annual Information Form filed under the profile of the Company on SEDAR. Capital and operating cost estimates are based on resultsof previous mining activities, research of the Company and independent consultants, recent estimates of construction and mining costs and otherfactors that are set out in the scoping study. Production estimates are based on mine plans and production schedules, which have been developedby the Company’s personnel and independent consultants. Forward-looking statements are subject to known and unknown risks, uncertainties andother factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from thoseexpressed or implied by such forward-looking statements, including but not limited to risks related to: timing and availability of external financingon acceptable terms; unexpected events and delays during construction, expansion and start-up; variations in ore grade and recovery rates;receipt and revocation of government approvals; actual results of exploration and mining activities; changes in project parameters as planscontinue to be refined; future prices of gold; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and otherrisks of the mining industry. Although management of the Company has attempted to identify important factors that could cause actual results todiffer materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated,estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differmaterially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. TheCompany does not undertake to update any forward-looking statements except in accordance with applicable securities laws.Investors are advised that National Instrument NI 43-101 of the Canadian Securities Administrators requires that each category of mineral reservesand mineral resources be reported separately. Mineral resources that are not mineral reserves do not have demonstrated economic viability.Qualified PersonDavid Keough, MAusIMM of Crocodile Gold Australia Operations is a “qualified person” as such term is defined in National Instrument 43-101 andhas reviewed and confirmed the technical information and data included in this presentation.Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated or Inferred ResourcesThe information presented uses the terms “measured”, “indicated” and “inferred” mineral resources. United States investors are advised that whilesuch terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize theseterms. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. Itcannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimatesof inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assumethat all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are alsocautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable. 2
  • 3. First World Location &Infrastructure TSX:CRK 3
  • 4. Our Assets TSX:CRKProduction Development MillsHowley Trends Cosmo Union Reefs Mill  open pit mine  underground mine  2.4 mtpyNorth Point  Initial ore mined  in operation mid 2011  open pit mine Tom’s Gully Mill  oxide, low strip ratio Pine Creek  240,000 tpy  dry season operation  open pit mine  Care and (May – Nov)  Production upon maintenancePrincess Louise receipt of permits  open pit mine  dry season operation (May – Nov) Exploration Potential >2,700 km2 4
  • 5. Investment Advantage TSX:CRK Expanding production profile, decreasing cash costs Outstanding potential to discover additional resources 3.175 million ounces M&I and 2.14 million ounces Inf. Infrastructure replacement value = $200M Adjacent to major highway and utilities 2010 production of 82,000 ounces 2011 production guidance: 85,000 – 100,000 ounces 5
  • 6. 2011 – Growing ProductionThroughout the Year TSX:CRK2011 Key CatalystsProduction from Cosmo • Initial ore expected mid-2011 • Will contribute 50% of ounces at full production Production from Pine Creek upon receipt of permits Aggressive exploration program Increasing % of high grade mill feed throughout the year from Cosmo2011 Guidance 2011 Production 2011 Major Sources Capital 85,000-100,000 oz Open Pits: Howley, InvestmentsCash Cost US$875-$975/oz Princess Louise, Pine Creek/Union Reefs area Cosmo underground Underground: Cosmo, Exploration Brocks Creek 6
  • 7. 2011 - Improving Operational Metrics TSX:CRK Safety Performance Cosmo Development Metres 350 6 3 Lost Time Injuries (LTIs) 300 5 2.5 250 4 2 200 Metres 3 1.5 150 2 1 100 1 0.5 50 0 0 0 2010 Qtr 1 2010 Qtr 2 2010 Qtr 3 2010 Qtr 4 2011 Qtr 1 April 2010 Qtr 1 2010 Qtr 2 2010 Qtr 3 2010 Qtr 4 2011 Qtr 1 April LTIs LTIFR Processing Gold Produced 1,800 30,000 600,000 1,800 1,500 25,000 500,000 1,500 Rainfall (mm) 1,200 20,000 400,000 1,200Tonnes 900 15,000 300,000 900 600 10,000 200,000 600 300 5,000 100,000 300 0 0 0 0 2010 Qtr 2010 Qtr 2010 Qtr 2010 Qtr 2011 Qtr April 2010 Qtr 2010 Qtr 2010 Qtr 2010 Qtr 2011 Qtr April 1 2 3 4 1 1 2 3 4 1 Ore Milled (tonnes) Rainfall (mm) Gold Produced (ozs) Rainfall (mm) 7
  • 8. Cosmo/Howley Area TSX:CRK 8
  • 9. Howley Trend Pit Mining May2011 TSX:CRK 9
  • 10. Cosmo – East Lode – ExpansionPotential TSX:CRK 10
  • 11. Cosmo – West LodeExpansion Potential TSX:CRK 11
  • 12. Cosmo Development – May2011 TSX:CRK 12
  • 13. Cosmo Equipment TSX:CRK 13
  • 14. Cosmo – DewateringMay, 2011 TSX:CRK 14
  • 15. Burnside: Howley Trend25 Kilometres of Potential TSX:CRK 15
  • 16. Union Reefs/Pine Creek Area TSX:CRK 16
  • 17. Union Reefs & Pine CreekNear Term, Low Cost Production TSX:CRK  New targets adjacent to Union Reefs Mill  Potential for near term, low cost production  Currently prioritizing targets  Potential production mid 2011  Pine Creek indicated resource increase from 69,600 oz to 288,600 oz 17
  • 18. Union Reefs TSX:CRK Historical Production/Intercepts: Union Reefs = 800,000 oz Au Pine Creek = 750,000 oz Au Significant potential to increase existing resources Union North: Lady Alice: 3m @ 24.56 g/t Au 5m @ 31.97 g/t Au 3m @ 45.10 g/t Au Prospect Claim: 3m @ 37.50 g/t Au Crosscourse – “Cosmo” scale target: 11m @ 6.60g/t Au 19m @ 10.62 g/t Au 36m @ 4.10 g/t Au 9m @ 24.40 g/t Au 16m @ 6.00 g/t Au 9m @ 4.00 g/t Au 18
  • 19. Union Reef - Crosscourse Deposit TSX:CRK Mineralized Quartz Veins Crosscourse Pit Mineralization (Photo taken in base of pit at Crosscourse in 2003 looking north. Mineralization is estimated to be around 30m wide at a grade of 4g/t plunging to the north at around 60o. Red line is showing high grade zone 19 and orange line is lower grade margin (~1.5g/t).)
  • 20. Deposit Development Sequence& Timing TSX:CRK 2011 2012 2013 2014 Howley Cosmo Brocks Creek North Point/Princess Louise Pine Creek North (International, Gandys) Pine Creek South(Kohinoor, South Enterprise, Cox) Kazi & Bons Rush Bridge Creek, Western Arm Based on current reserves and resources 20 Esmeralda
  • 21. Undervalued on Equivalent/oz Au Comparison TSX:CRK $600 KCN EV/oz Au Producer Average $500 = $US 134/oz SMF $400 Crocodile Gold EV/oz Au (US$/oz) = $US 59/oz $300 AGI HRG $200 GAM ORA NGD ARZ AVO AVM GSC MFL Average RSG $100 EDV ALD JAG OGC ANV CLF P CRK NGX RML $0 0 5,000 10,000 15,000 20,000Source: NBF Total Resources (Moz Au) 21Updated as at Jan 17, 2011
  • 22. Undervalued on Price to Net Asset Value Comparison TSX:CRKSource: Raymond James Gold Producers 22Updated as at Apr 5, 2011
  • 23. Management & Board TSX:CRKManagement Board of DirectorsMike Hoffman, P.Eng. Stan Bharti, P.Eng. President and Chief Executive Officer ChairmanChantal Lavoie, P. Eng. George Faught, CA New President and CEO (Post June 17, 2011) Mike Hoffman, P.Eng.David Keough Chief Operating Officer Bruce Humphrey, P.Eng.Steve Woodhead Peter Tagliamonte, P.Eng. Chief Financial OfficerBill Nielsen, P. Geo Vice President ExplorationColinda Parent Vice President Business Development 23
  • 24. Capital Structure TSX:CRK Analyst CoverageShare Structure (at April 30, 2011) Cormark SecuritiesTSX:CRK Fraser MackenzieShares Issued & 309,851,311 Raymond JamesOutstanding Union SecuritiesWarrants 62,974,116 CRK Share PriceOptions 14,122,204 1.80 1.60Fully Diluted 386,947,631 1.40 1.20 1.00Market Capitalization $279 Million 0.80(approximately, as at April 30, 0.60 0.402011) 0.20 0.00 24
  • 25. Dec. 31, 2010 Reserve Summary TSX:CRK CROCODILE GOLD MINERAL RESERVE STATEMENT -31 December, 2010 PROBABLE MINERAL RESERVE Gold Grade Project Deposit Cut-off (g/t) Tonnes Ounces Gold (g/t) Burnside Brocks Creek 7.1 34,000 8.6 9,300 Cosmo Deeps 3.1 3,100,000 4.2 420,000 Howley 1.0 340,000 1.6 18,000 North Point* 1.0 55,000 2.3 4,000 Princess Louise 1.0 200,000 1.5 9,700 Mottrams 1.0 980,000 1.2 39,000 Pine Creek Kohinoor 1.0 290,000 1.9 18,000 Cox 1.0 500,000 1.6 26,000 International 1.0 1,300,000 1.5 65,000 Gandys 1.0 480,000 1.7 26,000 South Enterprise 1.0 420,000 2.0 27,000 TOTAL 7,699,000 2.7 662,000 Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability Gold Price: $US1000/oz $A:$US 0.90 25
  • 26. Dec. 31, 2010 Resource Summary TSX:CRK 31 December 2010 M+I Inferred Tonnes Grade Ounces Tonnes Grade OuncesMt Bundy 20,241,000 1.0 664,800 10,513,000 1.0 350,800Burnside 16,553,330 2.4 1,268,500 18,679,800 2.2 1,323,200Union Reefs 239,000 2.4 18,200 3,740,000 1.7 204,200Pine Creek 5,528,000 1.6 288,600 2,347,000 2.4 183,200Maud Creek 9,288,000 3.1 935,000 1,072,000 2.4 82,000Total 51,849,330 1.9 3,175,100 36,351,800 1.8 2,143,400 MINERAL RESOURCE STATEMENT (Other Commodities) - 31 December 2010 INFERRED MINERAL RESOURCE Project Deposit Commodity Cut-off Tonnes Grade (ppm) Contained metal Lead 1.0g/t Au 3,175,000 7,595 53,163,000 pounds Iron Blow Zinc 1.0g/t Au 3,175,000 32,823 229,750,000 pounds Burnside Silver 1.0g/t Au 3,175,000 101 10,200,000 ounces ThunderballC Uranium 200ppm 316,800 796 556,000 pounds Note: C= Crocodile Gold has a 30% free carried interest in this deposit 26
  • 27. Investor Contact Info TSX:CRKMike Hoffman www.crocgold.comPresident and CEO416-861-2964mhoffman@crocgold.comInvestor Relations416-861-5899info@crocgold.com Union Reefs Mill A Member of the Forbes & Manhattan Group of Companies 27