crk presentation may 30 2011 final v001 k1a3x2
TRANSCRIPT
Up and ComingAustralian Gold
Producer
MAY 2011
TSX:CRK OTCQX:CROCF FRANKFURT:XGC
TSX:CRK
DisclaimerForward Looking Statements
This 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 Person
David 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 Resources
The 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
TSX:CRK
First World Location & Infrastructure
3
TSX:CRK
Our Assets
ProductionHowley Trends
open pit mine
North Point
open pit mine
oxide, low strip ratio
dry season operation (May – Nov)
Princess Louise
open pit mine
dry season operation (May – Nov)
DevelopmentCosmo
underground mine
Initial ore mined mid 2011
Pine Creek
open pit mine
Production upon receipt of permits
4
MillsUnion Reefs Mill
2.4 mtpy
in operation
Tom’s Gully Mill
240,000 tpy
Care and maintenance
Exploration Potential >2,700 km2
TSX:CRK
5
Investment Advantage
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 = $200MAdjacent to major highway and utilities
2010 production of 82,000 ounces
2011 production guidance: 85,000 – 100,000 ounces
TSX:CRK
2011 Major Capital
Investments
Cosmo underground
Exploration
2011 – Growing Production Throughout the Year
6
2011 Production Sources
Open Pits: Howley, Princess Louise, Pine
Creek/Union Reefs area
Underground: Cosmo, Brocks Creek
2011 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 Cosmo
2011 Guidance
85,000-100,000 oz
Cash Cost US$875-$975/oz
TSX:CRK
2011 - Improving Operational Metrics
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0
50
100
150
200
250
300
350
2010 Qtr 1 2010 Qtr 2 2010 Qtr 3 2010 Qtr 4 2011 Qtr 1 April
Met
res
Cosmo Development Metres
0
300
600
900
1,200
1,500
1,800
0
100,000
200,000
300,000
400,000
500,000
600,000
2010 Qtr 1
2010 Qtr 2
2010 Qtr 3
2010 Qtr 4
2011 Qtr 1
April
Tonn
es
Processing
Ore Milled (tonnes) Rainfall (mm)
0
5,000
10,000
15,000
20,000
25,000
30,000
0
300
600
900
1,200
1,500
1,800
2010 Qtr 1
2010 Qtr 2
2010 Qtr 3
2010 Qtr 4
2011 Qtr 1
April
Rain
fall
(mm
)
Gold Produced
Gold Produced (ozs) Rainfall (mm)
0
0.5
1
1.5
2
2.5
3
0
1
2
3
4
5
6
2010 Qtr 1 2010 Qtr 2 2010 Qtr 3 2010 Qtr 4 2011 Qtr 1 April
Lost
Tim
e I
nju
rie
s (L
TI's
)
Safety Performance
LTI's LTIFR
TSX:CRK
Cosmo/Howley Area
8
TSX:CRK
Howley Trend Pit Mining May 2011
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Cosmo – East Lode – Expansion Potential
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Cosmo – West Lode Expansion Potential
TSX:CRK
Cosmo Development – May 2011
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TSX:CRK
Cosmo Equipment
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TSX:CRK
Cosmo – DewateringMay, 2011
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TSX:CRK
Burnside: Howley Trend25 Kilometres of Potential
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TSX:CRK
Union Reefs/Pine Creek Area
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TSX:CRK
Union Reefs & Pine CreekNear Term, Low Cost Production
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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
TSX:CRK
Union Reefs
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Historical Production/Intercepts:
Union Reefs = 800,000 oz Au
Pine Creek = 750,000 oz Au
Significant potential to increase existing resources
11m @ 6.60g/t Au36m @ 4.10 g/t Au16m @ 6.00 g/t Au
19m @ 10.62 g/t Au9m @ 24.40 g/t Au9m @ 4.00 g/t Au
Crosscourse – “Cosmo” scale target:
5m @ 31.97 g/t Au3m @ 45.10 g/t Au
Lady Alice:
3m @ 24.56 g/t Au
Union North:
3m @ 37.50 g/t Au
Prospect Claim:
TSX:CRK
Union Reef - Crosscourse Deposit
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Crosscourse Pit Mineralization (Photo taken in base of pit at Crosscourse in2003 looking north. Mineralization is estimated to be around 30m wide at a gradeof 4g/t plunging to the north at around 60o. Red line is showing high grade zoneand orange line is lower grade margin (~1.5g/t).)
Mineralized
Quartz Veins
TSX:CRK
Deposit Development Sequence & Timing
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2011 2012 2013 2014
Howley
Cosmo
Brocks Creek
North Point/Princess Louise
Pine Creek North(International, Gandy's)
Pine Creek South(Kohinoor, South Enterprise, Cox)
Kazi & Bon's Rush
Bridge Creek, Western Arm
EsmeraldaBased on current reserves and resources
TSX:CRK
Undervalued on Equivalent/oz Au Comparison
21Source: NBF
Updated as at Jan 17, 2011
EV/oz Au Producer Average = $US 134/oz
Crocodile Gold= $US 59/oz
ARZ
ANV
NGD
NGX
AGI
ORAGAM
JAG
MFL
P
RML
AVM
CLFEDV
GSC
HRG
RSG
SMF
AVO
ALD
CRK
KCN
OGC
Average
$0
$100
$200
$300
$400
$500
$600
0 5,000 10,000 15,000 20,000
EV/o
z A
u (
US$
/oz)
Total Resources (Moz Au)
TSX:CRK
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Undervalued on Price to Net Asset Value Comparison
Source: Raymond James
Updated as at Apr 5, 2011Gold Producers
TSX:CRK
Management & Board
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Mike Hoffman, P.Eng.
President and Chief Executive Officer
Chantal Lavoie, P. Eng.New President and CEO (Post June 17, 2011)
David Keough
Chief Operating Officer
Steve Woodhead
Chief Financial Officer
Bill Nielsen, P. GeoVice President Exploration
Colinda ParentVice President Business Development
Stan Bharti, P.Eng.
Chairman
George Faught, CA
Mike Hoffman, P.Eng.
Bruce Humphrey, P.Eng.
Peter Tagliamonte, P.Eng.
Management Board of Directors
TSX:CRK
Capital Structure
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Share Structure (at April 30, 2011)
TSX:CRK
Shares Issued & Outstanding
309,851,311
Warrants 62,974,116
Options 14,122,204
Fully Diluted 386,947,631
Market Capitalization(approximately, as at April 30, 2011)
$279 Million
Analyst Coverage
Cormark Securities
Fraser Mackenzie
Raymond James
Union Securities
CRK Share Price
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
25
CROCODILE GOLD MINERAL RESERVE STATEMENT -31 December, 2010
PROBABLE MINERAL RESERVE
Project Deposit Cut-off (g/t) TonnesGold Grade
(g/t)Ounces Gold
BurnsideBrocks 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 CreekKohinoor 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 2.7 662,000Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability
Gold Price: $US1000/oz
$A:$US 0.90
Dec. 31, 2010 Reserve SummaryTSX:CRK
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31 December 2010
M+I Inferred
Tonnes Grade Ounces Tonnes Grade Ounces
Mt Bundy 20,241,000 1.0 664,800 10,513,000 1.0 350,800
Burnside 16,553,330 2.4 1,268,500 18,679,800 2.2 1,323,200
Union Reefs 239,000 2.4 18,200 3,740,000 1.7 204,200
Pine Creek 5,528,000 1.6 288,600 2,347,000 2.4 183,200
Maud Creek 9,288,000 3.1 935,000 1,072,000 2.4 82,000
Total 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
BurnsideIron Blow
Lead 1.0g/t Au 3,175,000 7,595 53,163,000 pounds
Zinc 1.0g/t Au 3,175,000 32,823 229,750,000 pounds
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
Dec. 31, 2010 Resource Summary TSX:CRK
TSX:CRK
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Union Reefs Mill
Investor Contact Info
Mike HoffmanPresident and [email protected]
www.crocgold.com
A Member of the Forbes & Manhattan Group of Companies
Investor [email protected]