Crocodile Gold Corporate Presentation November 2013

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Crocodile Gold Corporate Presentation November 2013

  1. 1. 2
  2. 2. • • • • • • • • 3
  3. 3. 2012 Milestones • • • • • • • • 4
  4. 4. Given the recent softening in gold prices, Crocodile Gold has done an extensive review of its operations and projects to identify further opportunities 1. Continual Operational Review • Operating Costs • Consolidation of shared services in Victoria (SGM & FGM) • Streamlined management structure at the operations (NT & SGM) • Capital Expenditures • Limit capital expenditures to mine development with minimal $ spend on infrastructure • Redistribution of assets within the group, from SGM to FGM and Cosmo, reducing capital expenditures (mobile equipment, electrical equipment, etc) • Assets sale at SGM • On-going optimization of Cosmo, using experience of SGM & FGM 2. Projects Review • Exploration drilling limited to on-mine resources conversion; no greenfield • Moving ahead only on Big Hill project at this time • Reassessing appropriate timing for UR Prospect and Pine Creek 5
  5. 5. 2012/2013 Cash Costs 100,000 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 200,000 181,214 150,000 155,524 100,000 50,000 $2,500 Cumulative Ounces Per Year Quarterly Ounce Production 2012/2013 Production Actual $2,000 Forecasted $2,028 $1,500 $1,000 $1,167 $1,176 $998 $1,150 $1,101 $1,075 $1,000 $500 0 Q1 '12 Q2 '12 Q3 '12 Q4 '12 Q1 '13Q2 '13 Q3 '13 Q4 '13 (E) (E) Quarterly $0 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013(E) Q4 2013(E) Cumulative 6
  6. 6. • • • • • • 7
  7. 7. • Fosterville Processing Facility • • • • • • 8
  8. 8. • Produced 73,000 oz Au in 2012 • Confirmed opportunity to economically treat historical surface stockpile until mid 2014 • Decision to ramp-down underground mining activities by mid 2013 Next Steps • Exploring opportunities within the existing mining lease • Engagement with local stakeholders and community Stawell Processing Facility Stawell 2012 Performance Ore Milled (Tonnes) Stawell Gold mine is an underground operation located alongside the town of Stawell, in central Victoria, approximately 250 km west of Melbourne. Processing facilities use standard CIL gold recover and have a capacity of 1.0MM TPA 850,017 Average Grade (g/t Au) 3.06 Recovery(%) 86.1 Gold Produced (Ounces) 72,602 Gold Sold (Ounces) 74,552 9
  9. 9. • • • • 10
  10. 10. • • • • • 11
  11. 11. South Gandy’s • • • Big Hill Project Big Hill Pit • Stawell Mill 12
  12. 12. • $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $- • $(10,000,000) $(20,000,000) $(30,000,000) Q1 2012 Q2 2012 Q3 2012 Mine operating earnings (loss) Q4 2012 Q1 2013 Q2 2013 Operating Cash Flow • 13
  13. 13. • C$34.5 million of unsecured 8% convertible debentures were issued for net proceeds of C$31 million • Cash raised will be used to fund Exploration Projects and General Corporate Expenses • Debentures are trading on the secondary market under the symbol CRK.DB Debt—Credit Suisse Credit Facility • Unwound gold swap (hedge) position in April 2013 • Net proceeds of A$57.8 million were used to pay off outstanding credit facility • Remaining A$11.5 million debt to be repaid in 18 monthly installment of $630,000 from April 2013 to October 2014 Gold Price (AUD) $1,600 $1,550 $1,500 $1,450 $1,400 $1,350 $1,300 $1,250 $1,200 $1,150 April 16, 2013: CRK Unwinds Gold Swap 14
  14. 14. $0.45 $0.40 $0.35 $0.30 $0.25 $0.20 $0.15 $0.10 $0.05 $0.00 • • 15
  15. 15. $200.00 1.0x $150.00 0.8x 0.8x 0.8x 0.7x 0.7x 0.6x 0.6x $100.00 0.3x $52.70 $50.00 0.3x ORA CRK $25.61 $0.00 TGZ OGC EDV RSG BAA Median GSC JAG SBM ORA CRK RSG TGZ OGC SBM GSC JAG EDV BAA Add bullets • • 16
  16. 16. . *Please refer to cautionary language on page 2 of this presentation 17
  17. 17.      • • •  18
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