An Evolving     Australian Gold        Producer        JUNE 2011TSX:CRK   OTCQX:CROCFFRANKFURT:XGC
Disclaimer   Forward Looking Statements                                                                                   ...
First World Location &Infrastructure           TSX:CRK                                   3
Our Assets                                                                 TSX:CRKProduction                 Development  ...
Investment Advantage                                                TSX:CRK Expanding production profile, decreasing cash...
2011 – Growing ProductionThroughout the Year                                                    TSX:CRK2011 Key Catalysts...
Cosmo/Howley Area                    TSX:CRK                              7
Howley Trend Open Pit MiningMay 2011                                              TSX:CRK Mottrams Pit - Looking South   M...
Cosmo – East LodeExpansion Potential   TSX:CRK                                9
Cosmo – West LodeExpansion Potential   TSX:CRK                                10
Cosmo DevelopmentJune 2011                                                      TSX:CRK    Eastern    Lodes               ...
Cosmo – DewateringJune 2011                        TSX:CRK            Future Ventilation                  Raise           ...
Cosmo Underground Equipment                              TSX:CRK                                        13
Mining Projects – Cost Comparison                                                                                     TSX:...
Outside Exploration - CosmoConductive/Magnetic Targets AssociatedWith the Cosmo Trend                     TSX:CRK     AEM
Burnside: Howley Trend25 Kilometres of Potential   TSX:CRK                                       16
Union Reefs/Pine Creek Area                              TSX:CRK                                        17
Union Reefs & Pine CreekNear Term, Low Cost Production        TSX:CRK                        New targets adjacent        ...
Union Reefs                                                           TSX:CRK              Historical Production/Intercept...
Union ReefCrosscourse Deposit                                                       TSX:CRK        1.5 g/t Au             ...
Union Reef Development    Conceptual Cost Profile                                                                       TS...
Exploration              TSX:CRK                        22
Massive Sulfide Deposits                                                                                TSX:CRKMOUNT BONNI...
Maud Creek Deposit                                                                            TSX:CRKResources           M...
Regional Exploration Program(Airborne Geophysics Survey Areas)                                         TSX:CRK  Bons Rush ...
Undervalued on Equivalent/oz AuComparison                                                                                 ...
Undervalued on Price to Net   Asset Value Comparison                                                     TSX:CRK          ...
Management & Board                                                                      TSX:CRKManagement                 ...
Capital Structure                                                                         TSX:CRKShare Structure          ...
Reserve SummaryDecember 31, 2010                                                                                  TSX:CRK ...
Resource SummaryDecember 31, 2010                                                                                         ...
Investor Contact Info                                                                        TSX:CRKChantal Lavoie        ...
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Crocodile Gold Investor Presentation (June 24, 2011)

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Crocodile Gold Investor Presentation (June 24, 2011)

  1. 1. An Evolving Australian Gold Producer JUNE 2011TSX:CRK OTCQX:CROCFFRANKFURT:XGC
  2. 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. 3. First World Location &Infrastructure TSX:CRK 3
  4. 4. Our Assets TSX:CRKProduction Development MillsHowley Trend Cosmo Union Reefs Mill open pit mine  underground mine  2.4 mtpy  initial ore mined 3rd  in operationNorth Point Qtr 2011 open pit mine Tom’s Gully Mill oxide, low strip ratio Pine Creek-  240,000 tpy dry season operation International  Care and (May – Nov)  open pit mine maintenance  Production uponPrincess Louise receipt of permits open pit mine dry season operation (May – Nov) Exploration Potential >2,700 km2 4
  5. 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. 6. 2011 – Growing ProductionThroughout the Year TSX:CRK2011 Key Catalysts Production from Cosmo  Initial ore expected 3rd Qtr -2011  Will contribute 50% of ounces at full production (800,000 t.p.a. ore). Production from Pine Creek- International, upon receipt of permits Aggressive exploration program (Brownfields and Greenfields) Increasing % of high grade mill feed throughout the year from Cosmo2011 Guidance 2011 Production 2011 Major 85,000-100,000 oz Sources CapitalCash Cost US$875-$975/oz Open Pits: Howley, Investments Princess Louise, Pine Cosmo underground Creek/Union Reefs area Exploration Underground: Cosmo, Brocks Creek 6
  7. 7. Cosmo/Howley Area TSX:CRK 7
  8. 8. Howley Trend Open Pit MiningMay 2011 TSX:CRK Mottrams Pit - Looking South Mottrams Pit – Looking West 8 Howley Pit and Ore ROM Pad Mottrams Pit – Looking South
  9. 9. Cosmo – East LodeExpansion Potential TSX:CRK 9
  10. 10. Cosmo – West LodeExpansion Potential TSX:CRK 10
  11. 11. Cosmo DevelopmentJune 2011 TSX:CRK Eastern Lodes First Ore As Constructed Design Western Lodes Potential extension Of Western Lode 11
  12. 12. Cosmo – DewateringJune 2011 TSX:CRK Future Ventilation Raise 12
  13. 13. Cosmo Underground Equipment TSX:CRK 13
  14. 14. Mining Projects – Cost Comparison TSX:CRK Cosmo development provides leverage of additional high-grade ore Open Pit Open Pit Open Pit Open Pit Underground leading to significantly Example Example Example Example Burnside Burnside Burnside Pine Creek Cosmo lower cash costs/oz. Cosmo mining costs are Mining Cost per tonne $2.50 $2.50 $2.50 $2.50 $44.00 higher than open pits but Strip Ratio 3.0 3.0 6.5 2.5 the ounces per vertical meter assist in lower Mining Cost per Tonne Milled $10.00 $10.00 $18.75 $8.75 $44.00 mining costs for Processing Cost Ore Haulage $16.00 $8.25 $16.00 $8.25 $16.00 $8.25 $16.00 $2.50 $16.00 $8.50 underground. Site General & Administration $3.50 $3.50 $3.50 $3.50 $3.50 Cosmo will eventually make up 40% of mill feed Total $/Tonne Milled $37.75 $37.75 $46.50 $30.75 $72.00 (50% of ounces) which will help lower overall costs Ore Grade Recovery 1.30 90.0% 1.50 90.0% 1.50 93.0% 1.30 80.0% 4.50 92.0% and improve overall production. Cost per Ounce $1,003 $870 $1,037 $920 $541 Open Pits provide good margin (US$400) to current gold price. 14
  15. 15. Outside Exploration - CosmoConductive/Magnetic Targets AssociatedWith the Cosmo Trend TSX:CRK AEM
  16. 16. Burnside: Howley Trend25 Kilometres of Potential TSX:CRK 16
  17. 17. Union Reefs/Pine Creek Area TSX:CRK 17
  18. 18. 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 Resources increased from 69,600 oz to 288,600 oz 18
  19. 19. 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 19
  20. 20. Union ReefCrosscourse Deposit TSX:CRK 1.5 g/t Au 4 g/t Au over 30 metres 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 20 and orange line is lower grade margin (~1.5g/t).)
  21. 21. Union Reef Development Conceptual Cost Profile TSX:CRK Using previous operating data, existing cost regime, and projected grades, Conceptual Conceptual Conceptual deposits show excellent Underground Underground Underground Underground potential to deliver low cost Cosmo Prospect Prospect Crosscourse ounces to the production Union Reef Union Reef Union Reef profile. Number 1 Exploration priority Mining Cost per Tonne Milled $44.00 $80.00 $80.00 $44.00  High-Grade vein targets (Prospect & Lady Alice) Processing Cost $16.00 $16.00 $16.00 $16.00  Bulk-Ore targets Ore Haulage $8.50 $0.00 $0.00 $0.00 (Crosscourse- “Cosmo Site General & Administration $3.50 $3.50 $3.50 $3.50 Style”) Need to expand resources Total $/Tonne Milled $72.00 $99.50 $99.50 $63.50 and complete detailed mining studies before deposits can Ore Grade 4.50 6.00 7.50 4.50 be included in any future Recovery 92.0% 92.0% 92.0% 92.0% production forecasts. No guarantee that an Cost per Ounce $541 $561 $448 $477 economic resource will be discovered to justify a production decision. 21
  22. 22. Exploration TSX:CRK 22
  23. 23. Massive Sulfide Deposits TSX:CRKMOUNT BONNIE  Historic Production 10,000t oxide @ 9g/t Au and 250g/t Ag = Au eqHistoric Resource 15.8g650,000t - 1.7g/t Au, 279g/t Ag  25,000t sulphide (supergene) @ 7g/t Au and= Au eq 9.3g/t or 194,000oz 360g/t Ag = Au eq 17gplus 9% Zn, 2% Pb, 0.5% Cu  Total production Au eq = 18,747oz  Current Inferred Resources 3,175,000t @ 2.1g/t Au, 101g/t Ag, 3.3% Zn,Oxide Cap previously mined 0.76% Pb, 0.19% Cu110,000t @ 7g/t Au and 230g/t Ag  Au eq = 4.85g or 495,000oz (only Au and Ag considered)Au eq = 13.3g/t Au or 47,000oz Au IRON BLOW Aeromagnetics- tilt derivative
  24. 24. Maud Creek Deposit TSX:CRKResources Mined 173,600t @3.32g/t Au – 18,500ozIndicated - 9,288,000t @3.1g/t Au for935,000ozInferred - 1,072,000t @2.4g/t Au for82,000oz using a 1.0g/t Au cut-off Indicated Resource -Greater than 4.5g/t Au – 3.1 Mt @ 6.3 g/t for 628,000oz Partially refractory – metallurgical testing indicates 90-95% recovery by flotation with concentrates grading 6 opt. Near the town of Katherine – 8km haul road to paved highway Significant asset to Crocodile Gold Cross section North south trending, good widths, excellent configuration for underground mining
  25. 25. Regional Exploration Program(Airborne Geophysics Survey Areas) TSX:CRK Bons Rush Mt. Ellison Woolwonga Brocks Creek  3,700 line Km’s Scheduled for Mid June Cosmo Mine Mt. Bonnie  Combined AEM and magnetometer survey  Geotech VTEM system- state of the art  Includes Moline and Maud Creek tenements 25
  26. 26. Undervalued on Equivalent/oz AuComparison TSX:CRK $400 MFL EV/oz Au Producer Average $350 = $US 145/oz $300 KCN Crocodile Gold EV/oz Au (US$/oz) GAM $250 HRG = $US 45/oz TGZ AGI $200 SMF NGD P $150 Average ORA EDV $100 AVMAUQ JAG ARZ OGCGSC RSG CLF $50 NGX CRK RML $0 0 5,000 10,000 15,000 20,000Source: NBF Total Resources (Koz Au)Updated on June 15, 2011 26
  27. 27. Undervalued on Price to Net Asset Value Comparison TSX:CRK 2 1.5 1 0.5x 0.5 0 ORA CRK AGI GSC LSG YRI ANO ELD AEMSource: Raymond James Gold Producers 27Updated as of June 14, 2011
  28. 28. Management & Board TSX:CRKManagement Board of DirectorsChantal Lavoie, P.Eng. Stan Bharti, P.Eng. President and Chief Executive Officer ChairmanDavid Keough George Faught, CA Chief Operating Officer Chantal Lavoie, P.Eng.Steve Woodhead Chief Financial Officer Mike Hoffman, P.Eng.Bill Nielsen, P. Geo Vice President Exploration Bruce Humphrey, P.Eng.Colinda Parent Vice President Business Development Peter Tagliamonte, P.Eng. 28
  29. 29. Capital Structure TSX:CRKShare Structure (at May 31, 2011) Analyst Coverage Cormark SecuritiesTSX:CRK Fraser MackenzieShares Issued & 309,851,311 Raymond JamesOutstanding Union SecuritiesWarrants 69,499,116 CRK Share PriceOptions 18,441,204 $1.80Fully Diluted 397,791,631 $1.60 $1.40 $1.20Market Capitalization $239 Million $1.00 $0.80(approximately, as at May 31, $0.602011) $0.40 $0.20 $0.00 29
  30. 30. Reserve SummaryDecember 31, 2010 TSX:CRK CROCODILE GOLD MINERAL RESERVE STATEMENT -31 December, 2010 PROBABLE MINERAL RESERVE Cut-off Gold Grade Ounces Project Deposit Tonnes (g/t) (g/t) Gold 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 0.91 30
  31. 31. Resource SummaryDecember 31, 2010 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 Grade Project Deposit Commodity Cut-off Tonnes Contained metal (ppm) 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 31
  32. 32. Investor Contact Info TSX:CRKChantal Lavoie www.crocgold.comPresident and CEO416-861-2964clavoie@crocgold.comInvestor RelationsRob Hopkins416-861-5899info@crocgold.com Union Reefs MillA Member of the Forbes & Manhattan Group of Companies 32

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