Corporate Presentation October 2014 Update

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crocodile-gold
  • 1. A Mid-Tier Australian Gold ProducerOctober 2014TSX : CRKOTCQX: CROCFFRANKFURT : XGC
  • 2. Forward Looking Information2Thispresentationcontainsforward-lookinginformationunderCanadiansecuritieslegislation.Forward-lookinginformationincludes,butisnotlimitedto,statementswithrespecttothedevelopmentpotentialandtimetableoftheprojects;theCompany’sabilitytoraiseadditionalfundsasnecessaryoroncommerciallyreasonableterms;thefuturepriceofgold;theestimationofmineralresourcesandmineralreserves;conclusionsofeconomicevaluation(includingscopingstudies);therealizationofmineralresourceandreserveestimates;thetimingandamountofestimatedfutureproduction,developmentandexploration;costsoffutureactivities;capitalandoperatingexpenditures;successofexplorationactivities;miningorprocessingissues;currencyexchangerates;governmentregulationofminingoperations;andenvironmentalrisks.Generally,forward-lookinginformationcanbeidentifiedbytheuseofforward-lookingterminologysuchas“plans”,“expects”or“doesnotexpect”,“isexpected”, “budget”,“scheduled”,“estimates”,“forecasts”,“intends”,“anticipates”or“doesnotanticipate”,or“believes”,orvariationsofsuchwordsandphrasesorstatementsthatcertainactions,eventsorresults“may”,“could”,“would”,“might”or“willbetaken”,“occur”or“beachieved”.Forward-lookinginformationisbasedontheopinionsandestimatesofmanagementasofthedatesuchstatementsaremade.Estimatesregardingtheanticipatedtiming,amountandcostofminingattheprojectsarebasedonassumptionsunderlyingmineralresourceestimatesandtherealizationofsuchestimates;resultsofpreviousminingactivitiesattheprojects,anddetailedresearchandanalysiscompletedbyindependentoftheCompany;researchandestimatesregardingthetimingofdeliveryforlong-leaditems;knowledgeregardingthefactorsconsultantsandmanagementinvolvedinbuildingamineandotherfactorsdescribedinthetechnicalreportsandAnnualInformationFormfiledundertheprofileoftheCompanyonSEDAR.Capitalandoperatingcostestimatesarebasedonresultsofpreviousminingactivities,researchoftheCompanyandindependentconsultants, recentestimatesofconstructionandminingcostsandotherfactorsthataresetoutinthescopingstudy.Productionestimatesarebasedonmineplansandproductionschedules,whichhavebeendevelopedbytheCompany’spersonnelandindependentconsultants.Forward-lookinginformationissubjecttoknownandunknownrisks, uncertaintiesandotherfactorsthatmaycausetheactualresults,levelofactivity,performanceorachievementsoftheCompanytobemateriallydifferentfromthoseexpressedorimpliedbysuchforward-lookinginformation,includingbutnotlimitedtorisksrelatedto:timingandavailabilityofexternalfinancingonacceptableterms;unexpectedeventsanddelaysduringconstruction,expansionandstart-up;variationsinoregradeandrecoveryrates;receiptandrevocationofgovernmentapprovals;actualresultsofexplorationandminingactivities;changesinprojectparametersasplanscontinuetoberefined;futurepricesofgold;failureofplant, equipmentorprocessestooperateasanticipated;accidents,labourdisputesandotherrisksoftheminingindustry.AlthoughmanagementoftheCompanyhasattemptedtoidentifyimportantfactorsthatcouldcauseactualresultstodiffermateriallyfromthosecontainedinforward-lookinginformation,theremaybeotherfactorsthatcauseresultsnottobeasanticipated,estimatedorintended.Therecanbenoassurancethatsuchstatementswillprovetobeaccurate,asactualresultsandfutureeventscoulddiffermateriallyfromthoseanticipatedinsuchstatements.Accordingly,readersshouldnotplaceunduerelianceonforward-lookinginformation.TheCompanydoesnotundertaketoupdateanyforward-lookinginformationexceptinaccordancewithapplicablesecuritieslaws.InvestorsareadvisedthatNationalInstrumentNI43-101oftheCanadianSecuritiesAdministratorsrequiresthateachcategoryofmineralreservesandmineralresourcesbereportedseparately.Mineralresourcesthatarenotmineralreservesdonothavedemonstratedeconomicviability.Duetotheuncertaintyofmeasured,indicatedorinferredmineralresources,thesemineralresourcesmayneverbeupgradedtoprovenandprobablemineralreserves.BillNielsenP.Geo.,isa“qualifiedperson”assuchtermisdefinedinNationalInstrument43-101andhasreviewedandapprovedthetechnicalinformationanddataincludedinthispresentation.CautionaryNotetoU.S.InvestorsConcerningEstimatesofMeasured,IndicatedorInferredResourcesTheinformationpresentedusestheterms“measured”,“indicated”and“inferred”mineralresources.UnitedStatesinvestorsareadvisedthatwhilesuchtermsarerecognizedandrequiredbyCanadianregulations,theUnitedStatesSecuritiesandExchangeCommissiondoesnotrecognizetheseterms.“Inferredmineralresources” haveagreatamountofuncertaintyastotheirexistence,andastotheireconomicandlegalfeasibility.Itcannotbeassumedthatalloranypartofaninferredmineralresourcewilleverbeupgradedtoahighercategory.UnderCanadianrules,estimatesofinferredmineralresourcesmaynotformthebasisoffeasibilityorothereconomicstudies.UnitedStatesinvestorsarecautionednottoassumethatalloranypartofmeasuredorindicatedmineralresourceswilleverbeconvertedintomineralreserves. UnitedStatesinvestorsarealsocautionednottoassumethatalloranypartofaninferredmineralresourceexists,oriseconomicallyorlegallymineable.
  • 3. Forward Looking Information3Non-IFRSMeasuresCrocodileGoldbelievesthatinvestorsusecertainindicatorstoassessgoldminingcompanies.TheindicatorsareintendedtoprovideadditionalinformationandshouldnotbeconsideredinisolationorasasubstituteformeasuresofperformanceinaccordancewiththeInternationalFinancialReportingStandards.“OperationalCashCostperOunce”isanon-IFRSperformancemeasurewhichcouldprovideanindicationoftheminingandprocessingefficiencyattheoperations.Itisdeterminedbydividingtheoperatingexpenses,excludingstock-basedcompensationallocatedtotheoperatingexpenseandnetofsilverrevenue,bythenumberofouncesofgoldsold.Therearevariationsinthemethodofcomputationof“operationalcashcostperounce”asdeterminedbytheCompanycomparedwithotherminingcompanies.FormoredetailontheOperationalCashCostperOuncedeterminationforCrocodileGold,pleasevisitwww.sedar.comorwww.crocgold.comandreviewthelatestAnnualFinancialStatementsissuedonMarch19,2014.“All-InSustainingCostsperOunceofGold”-EffectiveDecember31,2013,theCompanyhasadoptedanall-insustainingcost(“AISC”)performancemeasurethatreflectsalloftheexpendituresthatarerequiredtoproduceanounceofgoldfromcurrentoperations.Whilethereisnostandardizedmeaningofthemeasureacrosstheindustry,theCompany’sdefinitionconfirmstotheAISCdefinitionassetoutbytheWorldGoldCouncilinitsguidancedatedJune27,2013.TheWorldGoldCouncilisanon-regulatory,non-profitorganizationestablishedin1987whosemembersincludeglobalseniorminingcompanies.TheCompanybelievesthatthismeasurewillbeusefultoexternalusersinassessingoperatingperformanceandtheabilitytogeneratefreecashflowfromcurrentoperations.TheCompanydefinesAISCasthesumofoperatingcashcosts(perabove),sustainingcapital(capitalrequiredtomaintaincurrentoperationsatexistinglevels),capitalleaserepayments,corporategeneralandadministrativeexpenses,in-mineexplorationexpensesandrehabilitationaccretionandamortizationrelatedtocurrentoperations.AISCexcludescapitalexpenditurerelatedtoprojectstomineexpansion,explorationandevaluationrelatedtogrowthprojects,rehabilitationaccretionandamortizationnotrelatedtocurrentoperations,financingcosts,debtrepayments,share-basedcompensationnotrelatedtooperations,andtaxes.Notes for Page 16 : For information regarding mineral resource and reserve estimates, including parameters used to generate the estimates and depletion, please see the technical reports titled: NI43-101 TECHNICAL REPORT FOSTERVILLE GOLD MINE, VICTORIA, AUSTRALIA PREPARED FOR CROCODILE GOLD CORP dated May 27th, 2014; NI43-101 TECHNICAL REPORT STAWELL GOLD MINE, VICTORIA, AUSTRALIA PREPARED FOR CROCODILE GOLD CORP dated April 9th, 2012. For the Northern Territory Mineral Reserve Estimates please refer to the technical reports titled: REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE COSMO DEEPS GOLD PROJECT dated May 27, 2014; REPORTONTHEMINERALRESOURCES&MINERALRESERVESOFTHEUNIONREEFSGOLDPROJECTdated December 31, 2012; REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE PINE CREEK GOLD PROJECT dated December 31, 2012; REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE MAUD CREEK GOLD PROJECT dated December 31, 2012; REPORTONTHEMINERALRESOURCES&MINERALRESERVESOFTHEBURNSIDEGOLDANDBASEMETAL PROJECT dated December 12, 2013.Notes for Page 12: The PEA is preliminary in nature and is based on a number of assumptions that may be changed in the future as additional information becomes available. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The PEA includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. The information relating to the PEA and mineral reserves and resources can be found in the document titled NI 43-101 Technical Report – Big Hill Enhanced Development Projects at Stawell Gold Mine dated June 4, 2014.
  • 4. Investment Highlights4GROWING GOLDPRODUCTIONGENERATING CASHFLOWSUSTAINABILITYAND GROWTH•Operating cash flow generated in Q2 2014 exceeded $18 million•Total Operating cash flow generated in 2013 exceeded $67 million•Operational Cash Costs for Q2 2014 decreased to $965 per ounce compared to $1,102 per ozin 2013•All-In Sustaining Cash Costs for Q2 2014 decreased to $1,316 per oz compared to $1,603 in Q2 2013•Total Production for 2013 was 210,000 oz, up from 155,000 ozin 2012•Production for Q3 2014 was 55,909 oz; on track for increased 2014 production guidance of 220-225,000 ozDECREASINGCOSTS•Advancing the Enhanced Big Hill Project at Stawell•Exploration efforts focused on underground resource definition to extend mine life at all projectsAll within Australia – a first world country with one of the most mining friendly jurisdictionsSIZABLERESOURCES•Proven and Probable Reserves: 930,000 oz•M+I Resources: 4.8 million oz•Inferred Resources: 2.5 million oz
  • 5. 2013-14 Milestones5Q4 ’13•Reported Q3 production results with a 14% increase in production over Q2.•Exceeded 2013 guidance with 210,626 ounces produced at an average cash cost of $1,027/oz•Established 2014 production guidance of 200,000 –210,000 ounces gold at an average cost between $900 –$950/ozQ1 ‘14•Executed three key contracts in the Northern Territory•Reported 2013 Annual Results: $300M in revenue and $67M in operational cash flow•Raised $18M with a private placement financing•Issued for public review, the Environmental Effects Statement for the Big Hill projectQ2 ‘14•Announced Big Hill Feasibility study with pre-tax IRR of 125%, an NPV (discounted at 8%) of AUD$39 million and reserves of 145,000 ounces of gold•Filed the Environmental Effects statement for review by government and residentsQ3 ‘14•Increased Production Guidance from 200,000 –210,000 ounces gold to 220,000 –225,000 ounces of gold
  • 6. 62014 OutlookCrocodile Gold is focused on building a strong, sustainable mining company based on core mining principles and value-driven decision making.This will be accomplished through:1.Building Confidence in the Geological and Block Modeling2.Delivering Results from Operations to meet and/or exceed Guidance Levels3.Implementing Cost Controls for operations and adjusting Capital Expenditures in a changing Metals Market4.Continuing to review the Divestment of Non-Core Assets or opportunities for Strategic Alliances5.Advancing Growth Projects such as the Big Hill Project
  • 7. 72013-14 Operational SummaryCrocodile Gold is focused on maintaining sustainable levels ofproduction and managing costs.2014 Gold Production:220,000 -225,000 oz2014 Operating Cash Cost Per Ounce:USD$900-$950$1,150$1,101$924$967$971$965$-$200$400$600$800$1,000$1,200$1,400-10,00020,00030,00040,00050,00060,00070,000Q1 '13Q2 '13Q3 '13Q4 '13Q1 '14Q2 '14Q3'14US$ Per OzOz ProducedNTFGMSGMOperational Cash Costs
  • 8. Generating Positive Cash FlowCrocodile Gold continues to generate positive operational cash flow.8$0.04$0.03$0.05$0.05$0.03$0.04$-$0.01$0.02$0.03$0.04$0.05$0.06Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Operational Cash Flow Per Share$1,664$1,401$1,325$1,273$1,280$1,291$1,150$1,101$924$967$971$965$1,490$1,603$1,252$1,257$1,307$1,316$-$200$400$600$800$1,000$1,200$1,400$1,600$1,800Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014US$/OZAverage Gold Sale PriceOperational Cash CostsAll In Sustainable Costs
  • 9. 9Gold Production:FostervilleGold MineFosterville Processing Facility2013 HIGHLIGHTS•Production of ~98,000 ounces gold•Positive underground delineation program completed and Mineral Resource estimate update issued in 20142014 HIGHLIGHTS•Increased M+I resource estimate by 30%GOALS FOR 2014•CompleteCapital Development Programs (ventilation) and Tailings•Increase undergroundproductivity•Continueto expand Mineral Reserve and Mineral Resourceestimates•Production Guidance: 95,000 - 100,000oz23,55623,47025,35926,03925,78622,19826,31325,7003,0008,00013,00018,00023,00028,000Q1 '13Q2 '13Q3 '13Q4 '13Q1 '14Q2 '14Q3 '14Q4'14(E)Oz Produced
  • 10. 10Gold Production:Cosmo Gold MineCosmo Access Portal2013 HIGHLIGHTS•Production of ~74,000 ounces gold•Commercial Production declared and full ramp-up of mine completed•Sustainable production levels achieved in 2013GOALS FOR 2014•Continue cost reduction activities•Increase mine production•Realize ongoing savings with new mine contractors•Expand Mineral Resource estimate through underground drill programs•Production Guidance: 75,000- 80,000oz13,16917,70621,31621,91517,84121,84517,94222,4003,0008,00013,00018,00023,00028,000Q1 '13Q2 '13Q3 '13Q4 '13Q1 '14Q2 '14Q3 '14Q4'14(E)Oz Produced
  • 11. 11Gold Production:Stawell Gold MineStawell Processing Facility2013 HIGHLIGHTS•Production of ~37,000 ounces gold•Successful underground exploration programsto extend mine life•Streamlined operations to support reduced manpower and infrastructure levelsGOALS FOR 2014•Exploring opportunities within the existing mining lease, including the Big Hill Project•Release positive Feasibility Study for Big Hill•Receivepermit approval for Big Hill project(expected in Q4)•Production Guidance: ~30,000oz12,2287,0858,53110,3229,9569,9819,6549,8003,0008,00013,000Q1 '13Q2 '13Q3 '13Q4 '13Q1 '14Q2 '14Q3 '14Q4'14(E)Oz Produced
  • 12. 12South Gandy’sBig Hill PitGrowth Projects:Big Hill Enhanced Development ProjectProject Milestones•The Environmental Effects Statement for the project was issued for Public Review in late March 2014•Final recommendations are expected in Q4 2014•NI 43-101 compliant Feasibility Study issued in early June with positive economics and 3.0 Mt @ 1.7 g/t Au for 160,000 Indicated gold ouncesStawell MillBig Hill ProjectFinancialsSummary*Pre-TaxPost TaxGold PriceA$1,415A$1,415Undiscounted Cash Flow (AUD$)(M)A$49.2A$30.3NPV @ 8% Discount (AUD$)(M)A$38.5A$22.6IRR125.3%79.1%Payback Period (Years)1.51.9*Please refer to cautionary language on page 2.
  • 13. 13Strategic Projects:Non-Core Asset DivestmentNon-Core Asset DivestmentCrocodile Gold continues to look for opportunities to divest or Joint Venture (JV) non-core assets primarily in the Northern Territory. The benefits include:•Returning upside in the form of Earn-in Rights, Royalties and other similar arrangements•Carrying cost savings•Sharper focus on core producing assetsCompleted Divestments:Phoenix Copper Option and Sale Agreement•Crocodile Gold entered into a purchase agreement with Phoenix Copper Inc. for 100% of the Iron Blow andMount Bonniemassive sulphidedeposits for a 2% royalty on any gold and silver production and the option to buy back a 30% interest in the properties.•The Company also entered into an option agreement which allows Phoenix to earn up to a 90% interest in the nearby Burnside and Moline gold projects and Maud Creekbase metals project through a commitment to spend a total of$4 millionin exploration expenditures over the next four years.Rockland Option Agreement•Crocodile Gold entered into a uranium exploration agreement with Rockland Resources Pty. where Rockland received 100% uranium interest on the company’s property for a AUD$1 million exploration commitment over 4 years and a 1% net smelter royalty capped at AUD$2.5 million.
  • 14. 14Cash and Debt PositionsCash Position and Working Capital (End of Q2 2014)•Cash Position: US$30.5 Million•Working Capital: US$16 MillionDebt—Convertible Debenture•Crocodile Gold has a C$34.5 Million convertible debenture due on April 30, 2018, with an 8% coupon and $0.25 conversion price.•All interest payments to date on the debenture have been settled in cash.
  • 15. Capital Structure15Share Structure & Financial DetailsBasic:475.6 MillionWarrants:63.4 MillionOptions:022.9 MillionFully Diluted:699.9 Million*Market Capitalization:(As of Sept 30, 2014)$92.75 Million52 Week Trading Range$0.33 –$0.07552 Week Share Price PerformanceLuxorCapitalisthemajorityownerofCrocodileGoldwithapproximateownershipof56%position.LuxorisverysupportiveofmanagementandinvolvedwiththeoversightoftheCompanywithtwoactivemembersontheBoardofDIrectors.MajorShareholder*Fully diluted shares outstanding includes the full conversion of the convertible debentures for 138,000,000 shares$0.00$0.05$0.10$0.15$0.20$0.25$0.30$0.35
  • 16. Mineral Resources and Reserves*16TonnesAu GradeAu(MM)(g/t)(Koz)Proven & Probable ReservesCosmo1.53.79180Fosterville1.86.01342Pine Creek1.31.5562Stawell1.03.4107Burnside0.21.9310Union Reefs0.34.442Maud Creek1.05.4185Reserves7.14.1928Measured and Indicated Resources (incl. of Reserves)Cosmo4.53.6500Fosterville16.63.872,069Pine Creek8.41.4380Stawell4.72.6399Burnside7.61.4336Union Reefs3.02.4236Maud Creek7.73.5871M&I Resources52.52.834,791Inferred ResourcesCosmo1.22.94109Fosterville6.33.78777Pine Creek2.52.3191Stawell1.04.7145Burnside11.81.6602Union Reefs4.32.2305Maud Creek4.22.5344Inferred Resources31.32.452,473*Please refer to cautionary language on page 2 of this presentationCrocodile Gold maintains significant Measured and Indicated Resources of 4.7 million ounces and Inferred Resources of2.4 million ounces.Reserves for Crocodile Gold’s projects total approximately1.0 million ounces.
  • 17. Crocodile Gold Management TeamRodney D. Lamond, P. Eng.,President & Chief Executive Officer , DirectorMr. Rodney Lamond joined Crocodile Gold as President and Chief Executive Officer of Crocodile Gold in July 2013. Mr. Lamond is a Professional Mining Engineer with over 25 years of operational experience in the mining industryRobert Dufour, CPA, CA, Chief Financial OfficerMr. Robert Dufour was appointed Chief Financial Officer in October 2012. Mr. Dufour is a Chartered Accountant with over 10 years of finance and accounting experience.Troy Cole, General Manager, Stawell Gold MineMr. Troy Cole joined Crocodile Gold Corporation in 2012 through the acquisition of the Stawell Gold Mines from Aurico. Mr. Cole has been Stawell Gold Mines General Manager since 2007 and has the responsibilities of director, mine management and engineering during his tenure.Ian Holland, General Manager, Fosterville Gold MineMr. Ian Holland joined Crocodile Gold through the Acquisition of the Fosterville Gold Mine in 2012 and has been in the roleofGeneral Manager since 2007. Ian has over 17 years experience across a number of gold and base metal mining operations throughout Australia. He is a geologist by background and has a strong track record in metalliferousoperations.Jason Morin, General Manager, NT OperationsMr. Jason Morin joined Crocodile Gold in September 2013. He was most recently the General Manager of the LangloisMine in Quebec for Nyrstarwhere he successfully guided the site from care & maintenance to full name plant capacity in 6 months.Mark Edwards, General Manager, Exploration and Business DevelopmentMr. Mark Edwards has been part of Crocodile Gold Northern Territory Project since sinceMarch 2010. Mr. Edwards is a qualified geologist with approximately 16 years experience working on Gold and Industrial Mineral deposits in the Northern Territory, Queensland, Western Australia, Tasmania and Botswana.17
  • 18. Board Of DirectorsRobert H. Getz, Chairman of the BoardMr. Robert Getz is a private investor and a Managing Director and co-founder of Cornerstone Equity Investors, LLC. Mr. Getz hasover 25 years of experience as a private equity investor and has strong experience in domestic and international mergers and acquisitions and public and private debt and financings. Mr. Getz has invested in and served as a director of many public and private metals and mining companies. He currently serves as a director of Haynes International, Inc., a developer and producer of specialty nickel alloys and CML Holdings, Inc., which is the largest iron ore producer in the western United States. Mr. Getz graduated from Boston University, where he received his BA degree, cum laude, and the Stern School at New York University, where he received his MBA in finance.Rodney D. Lamond, P. Eng., Director, President & Chief Executive OfficerGeorge Faught, CPA, CA, DirectorMr. George Faught is a Chartered Accountant with over 25 years of senior management experience and is currently the Chief Executive Officer of Aberdeen International Inc. He has served as the Chief Financial Officer of publicly traded companies in the natural resources, financial services and pharmaceutical industries. Mr. Faught has broad financial management, corporate development and operating experience and from 1999 to 2005 served as the Chief Financial Officer for North American Palladium Ltd., a mid-tier platinum group metal producer. Prior tothat, he served as Chief Financial Officer for Hudson Bay Mining & Smelting Co. Ltd., an integrated base metals producer, and William Resources Inc., an international gold producer. He also serves as a director of several public companies in the resource sector.Kevin Conboy, DirectorMr. Kevin Conboy was previously President and Chief Executive Officer of Acordia, Inc., a subsidiary of Wells Fargo based in Chicago. As well, he served as Chief Executive Officer for the NIA Group of Paramus, New Jersey. Mr. Conboy possesses a wealth of experience inthe financial markets and has considerable exposure to financial instruments and business transactions. He sits on a number of corporate and charitable boards. Mr. Conboy completed a B.A. from Colorado State University in 1973.Peter Tagliamonte, P. Eng., DirectorMr. Peter Tagliamonte is a professional mining engineer and also holds an MBA from the Richard Ivey School of Business, at the University of Western Ontario. He is currently the President and CEO of SullidenGold, the former President and CEO of Central Sun Mining Inc. and former Chief Operating Officer of Desert Sun Mining Corp. where he was responsible for the development of the JacobinaMine in Brazil into a 4,200- tonne-per-day mining operation. Mr. Tagliamonte has over 25 years of progressive managerial experience building and operating mines worldwide, notably in Central and South America. In 2005, he received the Mining Journal's "Mine Manager of the Year" award in recognition for his work in the mining sector.18
  • 19. Investment Highlights19GROWING GOLDPRODUCTIONGENERATING CASHFLOWSUSTAINABILITYAND GROWTH•Operating cash flow generated in Q2 2014 exceeded $18 million•Total Operating cash flow generated in 2013 exceeded $67 million•Operational Cash Costs for Q2 2014 decreased to $965 per ounce compared to $1,102 per ozin 2013•All-In Sustaining Cash Costs for Q2 2014 decreased to $1,316 per oz compared to $1,603 in Q2 2013•Total Production for 2013 was 210,000 oz, up from 155,000 ozin 2012•Production for Q3 2014 was 55,909 oz; on track for increased 2014 production guidance of 220-225,000 ozDECREASINGCOSTS•Advancing the Enhanced Big Hill Project at Stawell•Exploration efforts focused on underground resource definition to extend mine life at all projectsAll within Australia – a first world country with one of the most mining friendly jurisdictionsSIZABLERESOURCES•Proven and Probable Reserves: 930,000 oz•M+I Resources: 4.8 million oz•Inferred Resources: 2.5 million oz
  • 20. Investor Contact InformationFind us on:TSX: CRK(CRK.DB, CRK.WT)OTCQX: CROCFFRANKFURT: XGCCrocodile Gold Corporation20Robert DufourChief Financial Officer416-847-1847info@crocgold.comwww.crocgold.com
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    • 1. A Mid-Tier Australian Gold ProducerOctober 2014TSX : CRKOTCQX: CROCFFRANKFURT : XGC
  • 2. Forward Looking Information2Thispresentationcontainsforward-lookinginformationunderCanadiansecuritieslegislation.Forward-lookinginformationincludes,butisnotlimitedto,statementswithrespecttothedevelopmentpotentialandtimetableoftheprojects;theCompany’sabilitytoraiseadditionalfundsasnecessaryoroncommerciallyreasonableterms;thefuturepriceofgold;theestimationofmineralresourcesandmineralreserves;conclusionsofeconomicevaluation(includingscopingstudies);therealizationofmineralresourceandreserveestimates;thetimingandamountofestimatedfutureproduction,developmentandexploration;costsoffutureactivities;capitalandoperatingexpenditures;successofexplorationactivities;miningorprocessingissues;currencyexchangerates;governmentregulationofminingoperations;andenvironmentalrisks.Generally,forward-lookinginformationcanbeidentifiedbytheuseofforward-lookingterminologysuchas“plans”,“expects”or“doesnotexpect”,“isexpected”, “budget”,“scheduled”,“estimates”,“forecasts”,“intends”,“anticipates”or“doesnotanticipate”,or“believes”,orvariationsofsuchwordsandphrasesorstatementsthatcertainactions,eventsorresults“may”,“could”,“would”,“might”or“willbetaken”,“occur”or“beachieved”.Forward-lookinginformationisbasedontheopinionsandestimatesofmanagementasofthedatesuchstatementsaremade.Estimatesregardingtheanticipatedtiming,amountandcostofminingattheprojectsarebasedonassumptionsunderlyingmineralresourceestimatesandtherealizationofsuchestimates;resultsofpreviousminingactivitiesattheprojects,anddetailedresearchandanalysiscompletedbyindependentoftheCompany;researchandestimatesregardingthetimingofdeliveryforlong-leaditems;knowledgeregardingthefactorsconsultantsandmanagementinvolvedinbuildingamineandotherfactorsdescribedinthetechnicalreportsandAnnualInformationFormfiledundertheprofileoftheCompanyonSEDAR.Capitalandoperatingcostestimatesarebasedonresultsofpreviousminingactivities,researchoftheCompanyandindependentconsultants, recentestimatesofconstructionandminingcostsandotherfactorsthataresetoutinthescopingstudy.Productionestimatesarebasedonmineplansandproductionschedules,whichhavebeendevelopedbytheCompany’spersonnelandindependentconsultants.Forward-lookinginformationissubjecttoknownandunknownrisks, uncertaintiesandotherfactorsthatmaycausetheactualresults,levelofactivity,performanceorachievementsoftheCompanytobemateriallydifferentfromthoseexpressedorimpliedbysuchforward-lookinginformation,includingbutnotlimitedtorisksrelatedto:timingandavailabilityofexternalfinancingonacceptableterms;unexpectedeventsanddelaysduringconstruction,expansionandstart-up;variationsinoregradeandrecoveryrates;receiptandrevocationofgovernmentapprovals;actualresultsofexplorationandminingactivities;changesinprojectparametersasplanscontinuetoberefined;futurepricesofgold;failureofplant, equipmentorprocessestooperateasanticipated;accidents,labourdisputesandotherrisksoftheminingindustry.AlthoughmanagementoftheCompanyhasattemptedtoidentifyimportantfactorsthatcouldcauseactualresultstodiffermateriallyfromthosecontainedinforward-lookinginformation,theremaybeotherfactorsthatcauseresultsnottobeasanticipated,estimatedorintended.Therecanbenoassurancethatsuchstatementswillprovetobeaccurate,asactualresultsandfutureeventscoulddiffermateriallyfromthoseanticipatedinsuchstatements.Accordingly,readersshouldnotplaceunduerelianceonforward-lookinginformation.TheCompanydoesnotundertaketoupdateanyforward-lookinginformationexceptinaccordancewithapplicablesecuritieslaws.InvestorsareadvisedthatNationalInstrumentNI43-101oftheCanadianSecuritiesAdministratorsrequiresthateachcategoryofmineralreservesandmineralresourcesbereportedseparately.Mineralresourcesthatarenotmineralreservesdonothavedemonstratedeconomicviability.Duetotheuncertaintyofmeasured,indicatedorinferredmineralresources,thesemineralresourcesmayneverbeupgradedtoprovenandprobablemineralreserves.BillNielsenP.Geo.,isa“qualifiedperson”assuchtermisdefinedinNationalInstrument43-101andhasreviewedandapprovedthetechnicalinformationanddataincludedinthispresentation.CautionaryNotetoU.S.InvestorsConcerningEstimatesofMeasured,IndicatedorInferredResourcesTheinformationpresentedusestheterms“measured”,“indicated”and“inferred”mineralresources.UnitedStatesinvestorsareadvisedthatwhilesuchtermsarerecognizedandrequiredbyCanadianregulations,theUnitedStatesSecuritiesandExchangeCommissiondoesnotrecognizetheseterms.“Inferredmineralresources” haveagreatamountofuncertaintyastotheirexistence,andastotheireconomicandlegalfeasibility.Itcannotbeassumedthatalloranypartofaninferredmineralresourcewilleverbeupgradedtoahighercategory.UnderCanadianrules,estimatesofinferredmineralresourcesmaynotformthebasisoffeasibilityorothereconomicstudies.UnitedStatesinvestorsarecautionednottoassumethatalloranypartofmeasuredorindicatedmineralresourceswilleverbeconvertedintomineralreserves. UnitedStatesinvestorsarealsocautionednottoassumethatalloranypartofaninferredmineralresourceexists,oriseconomicallyorlegallymineable.
  • 3. Forward Looking Information3Non-IFRSMeasuresCrocodileGoldbelievesthatinvestorsusecertainindicatorstoassessgoldminingcompanies.TheindicatorsareintendedtoprovideadditionalinformationandshouldnotbeconsideredinisolationorasasubstituteformeasuresofperformanceinaccordancewiththeInternationalFinancialReportingStandards.“OperationalCashCostperOunce”isanon-IFRSperformancemeasurewhichcouldprovideanindicationoftheminingandprocessingefficiencyattheoperations.Itisdeterminedbydividingtheoperatingexpenses,excludingstock-basedcompensationallocatedtotheoperatingexpenseandnetofsilverrevenue,bythenumberofouncesofgoldsold.Therearevariationsinthemethodofcomputationof“operationalcashcostperounce”asdeterminedbytheCompanycomparedwithotherminingcompanies.FormoredetailontheOperationalCashCostperOuncedeterminationforCrocodileGold,pleasevisitwww.sedar.comorwww.crocgold.comandreviewthelatestAnnualFinancialStatementsissuedonMarch19,2014.“All-InSustainingCostsperOunceofGold”-EffectiveDecember31,2013,theCompanyhasadoptedanall-insustainingcost(“AISC”)performancemeasurethatreflectsalloftheexpendituresthatarerequiredtoproduceanounceofgoldfromcurrentoperations.Whilethereisnostandardizedmeaningofthemeasureacrosstheindustry,theCompany’sdefinitionconfirmstotheAISCdefinitionassetoutbytheWorldGoldCouncilinitsguidancedatedJune27,2013.TheWorldGoldCouncilisanon-regulatory,non-profitorganizationestablishedin1987whosemembersincludeglobalseniorminingcompanies.TheCompanybelievesthatthismeasurewillbeusefultoexternalusersinassessingoperatingperformanceandtheabilitytogeneratefreecashflowfromcurrentoperations.TheCompanydefinesAISCasthesumofoperatingcashcosts(perabove),sustainingcapital(capitalrequiredtomaintaincurrentoperationsatexistinglevels),capitalleaserepayments,corporategeneralandadministrativeexpenses,in-mineexplorationexpensesandrehabilitationaccretionandamortizationrelatedtocurrentoperations.AISCexcludescapitalexpenditurerelatedtoprojectstomineexpansion,explorationandevaluationrelatedtogrowthprojects,rehabilitationaccretionandamortizationnotrelatedtocurrentoperations,financingcosts,debtrepayments,share-basedcompensationnotrelatedtooperations,andtaxes.Notes for Page 16 : For information regarding mineral resource and reserve estimates, including parameters used to generate the estimates and depletion, please see the technical reports titled: NI43-101 TECHNICAL REPORT FOSTERVILLE GOLD MINE, VICTORIA, AUSTRALIA PREPARED FOR CROCODILE GOLD CORP dated May 27th, 2014; NI43-101 TECHNICAL REPORT STAWELL GOLD MINE, VICTORIA, AUSTRALIA PREPARED FOR CROCODILE GOLD CORP dated April 9th, 2012. For the Northern Territory Mineral Reserve Estimates please refer to the technical reports titled: REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE COSMO DEEPS GOLD PROJECT dated May 27, 2014; REPORTONTHEMINERALRESOURCES&MINERALRESERVESOFTHEUNIONREEFSGOLDPROJECTdated December 31, 2012; REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE PINE CREEK GOLD PROJECT dated December 31, 2012; REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE MAUD CREEK GOLD PROJECT dated December 31, 2012; REPORTONTHEMINERALRESOURCES&MINERALRESERVESOFTHEBURNSIDEGOLDANDBASEMETAL PROJECT dated December 12, 2013.Notes for Page 12: The PEA is preliminary in nature and is based on a number of assumptions that may be changed in the future as additional information becomes available. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The PEA includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. The information relating to the PEA and mineral reserves and resources can be found in the document titled NI 43-101 Technical Report – Big Hill Enhanced Development Projects at Stawell Gold Mine dated June 4, 2014.
  • 4. Investment Highlights4GROWING GOLDPRODUCTIONGENERATING CASHFLOWSUSTAINABILITYAND GROWTH•Operating cash flow generated in Q2 2014 exceeded $18 million•Total Operating cash flow generated in 2013 exceeded $67 million•Operational Cash Costs for Q2 2014 decreased to $965 per ounce compared to $1,102 per ozin 2013•All-In Sustaining Cash Costs for Q2 2014 decreased to $1,316 per oz compared to $1,603 in Q2 2013•Total Production for 2013 was 210,000 oz, up from 155,000 ozin 2012•Production for Q3 2014 was 55,909 oz; on track for increased 2014 production guidance of 220-225,000 ozDECREASINGCOSTS•Advancing the Enhanced Big Hill Project at Stawell•Exploration efforts focused on underground resource definition to extend mine life at all projectsAll within Australia – a first world country with one of the most mining friendly jurisdictionsSIZABLERESOURCES•Proven and Probable Reserves: 930,000 oz•M+I Resources: 4.8 million oz•Inferred Resources: 2.5 million oz
  • 5. 2013-14 Milestones5Q4 ’13•Reported Q3 production results with a 14% increase in production over Q2.•Exceeded 2013 guidance with 210,626 ounces produced at an average cash cost of $1,027/oz•Established 2014 production guidance of 200,000 –210,000 ounces gold at an average cost between $900 –$950/ozQ1 ‘14•Executed three key contracts in the Northern Territory•Reported 2013 Annual Results: $300M in revenue and $67M in operational cash flow•Raised $18M with a private placement financing•Issued for public review, the Environmental Effects Statement for the Big Hill projectQ2 ‘14•Announced Big Hill Feasibility study with pre-tax IRR of 125%, an NPV (discounted at 8%) of AUD$39 million and reserves of 145,000 ounces of gold•Filed the Environmental Effects statement for review by government and residentsQ3 ‘14•Increased Production Guidance from 200,000 –210,000 ounces gold to 220,000 –225,000 ounces of gold
  • 6. 62014 OutlookCrocodile Gold is focused on building a strong, sustainable mining company based on core mining principles and value-driven decision making.This will be accomplished through:1.Building Confidence in the Geological and Block Modeling2.Delivering Results from Operations to meet and/or exceed Guidance Levels3.Implementing Cost Controls for operations and adjusting Capital Expenditures in a changing Metals Market4.Continuing to review the Divestment of Non-Core Assets or opportunities for Strategic Alliances5.Advancing Growth Projects such as the Big Hill Project
  • 7. 72013-14 Operational SummaryCrocodile Gold is focused on maintaining sustainable levels ofproduction and managing costs.2014 Gold Production:220,000 -225,000 oz2014 Operating Cash Cost Per Ounce:USD$900-$950$1,150$1,101$924$967$971$965$-$200$400$600$800$1,000$1,200$1,400-10,00020,00030,00040,00050,00060,00070,000Q1 '13Q2 '13Q3 '13Q4 '13Q1 '14Q2 '14Q3'14US$ Per OzOz ProducedNTFGMSGMOperational Cash Costs
  • 8. Generating Positive Cash FlowCrocodile Gold continues to generate positive operational cash flow.8$0.04$0.03$0.05$0.05$0.03$0.04$-$0.01$0.02$0.03$0.04$0.05$0.06Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Operational Cash Flow Per Share$1,664$1,401$1,325$1,273$1,280$1,291$1,150$1,101$924$967$971$965$1,490$1,603$1,252$1,257$1,307$1,316$-$200$400$600$800$1,000$1,200$1,400$1,600$1,800Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014US$/OZAverage Gold Sale PriceOperational Cash CostsAll In Sustainable Costs
  • 9. 9Gold Production:FostervilleGold MineFosterville Processing Facility2013 HIGHLIGHTS•Production of ~98,000 ounces gold•Positive underground delineation program completed and Mineral Resource estimate update issued in 20142014 HIGHLIGHTS•Increased M+I resource estimate by 30%GOALS FOR 2014•CompleteCapital Development Programs (ventilation) and Tailings•Increase undergroundproductivity•Continueto expand Mineral Reserve and Mineral Resourceestimates•Production Guidance: 95,000 - 100,000oz23,55623,47025,35926,03925,78622,19826,31325,7003,0008,00013,00018,00023,00028,000Q1 '13Q2 '13Q3 '13Q4 '13Q1 '14Q2 '14Q3 '14Q4'14(E)Oz Produced
  • 10. 10Gold Production:Cosmo Gold MineCosmo Access Portal2013 HIGHLIGHTS•Production of ~74,000 ounces gold•Commercial Production declared and full ramp-up of mine completed•Sustainable production levels achieved in 2013GOALS FOR 2014•Continue cost reduction activities•Increase mine production•Realize ongoing savings with new mine contractors•Expand Mineral Resource estimate through underground drill programs•Production Guidance: 75,000- 80,000oz13,16917,70621,31621,91517,84121,84517,94222,4003,0008,00013,00018,00023,00028,000Q1 '13Q2 '13Q3 '13Q4 '13Q1 '14Q2 '14Q3 '14Q4'14(E)Oz Produced
  • 11. 11Gold Production:Stawell Gold MineStawell Processing Facility2013 HIGHLIGHTS•Production of ~37,000 ounces gold•Successful underground exploration programsto extend mine life•Streamlined operations to support reduced manpower and infrastructure levelsGOALS FOR 2014•Exploring opportunities within the existing mining lease, including the Big Hill Project•Release positive Feasibility Study for Big Hill•Receivepermit approval for Big Hill project(expected in Q4)•Production Guidance: ~30,000oz12,2287,0858,53110,3229,9569,9819,6549,8003,0008,00013,000Q1 '13Q2 '13Q3 '13Q4 '13Q1 '14Q2 '14Q3 '14Q4'14(E)Oz Produced
  • 12. 12South Gandy’sBig Hill PitGrowth Projects:Big Hill Enhanced Development ProjectProject Milestones•The Environmental Effects Statement for the project was issued for Public Review in late March 2014•Final recommendations are expected in Q4 2014•NI 43-101 compliant Feasibility Study issued in early June with positive economics and 3.0 Mt @ 1.7 g/t Au for 160,000 Indicated gold ouncesStawell MillBig Hill ProjectFinancialsSummary*Pre-TaxPost TaxGold PriceA$1,415A$1,415Undiscounted Cash Flow (AUD$)(M)A$49.2A$30.3NPV @ 8% Discount (AUD$)(M)A$38.5A$22.6IRR125.3%79.1%Payback Period (Years)1.51.9*Please refer to cautionary language on page 2.
  • 13. 13Strategic Projects:Non-Core Asset DivestmentNon-Core Asset DivestmentCrocodile Gold continues to look for opportunities to divest or Joint Venture (JV) non-core assets primarily in the Northern Territory. The benefits include:•Returning upside in the form of Earn-in Rights, Royalties and other similar arrangements•Carrying cost savings•Sharper focus on core producing assetsCompleted Divestments:Phoenix Copper Option and Sale Agreement•Crocodile Gold entered into a purchase agreement with Phoenix Copper Inc. for 100% of the Iron Blow andMount Bonniemassive sulphidedeposits for a 2% royalty on any gold and silver production and the option to buy back a 30% interest in the properties.•The Company also entered into an option agreement which allows Phoenix to earn up to a 90% interest in the nearby Burnside and Moline gold projects and Maud Creekbase metals project through a commitment to spend a total of$4 millionin exploration expenditures over the next four years.Rockland Option Agreement•Crocodile Gold entered into a uranium exploration agreement with Rockland Resources Pty. where Rockland received 100% uranium interest on the company’s property for a AUD$1 million exploration commitment over 4 years and a 1% net smelter royalty capped at AUD$2.5 million.
  • 14. 14Cash and Debt PositionsCash Position and Working Capital (End of Q2 2014)•Cash Position: US$30.5 Million•Working Capital: US$16 MillionDebt—Convertible Debenture•Crocodile Gold has a C$34.5 Million convertible debenture due on April 30, 2018, with an 8% coupon and $0.25 conversion price.•All interest payments to date on the debenture have been settled in cash.
  • 15. Capital Structure15Share Structure & Financial DetailsBasic:475.6 MillionWarrants:63.4 MillionOptions:022.9 MillionFully Diluted:699.9 Million*Market Capitalization:(As of Sept 30, 2014)$92.75 Million52 Week Trading Range$0.33 –$0.07552 Week Share Price PerformanceLuxorCapitalisthemajorityownerofCrocodileGoldwithapproximateownershipof56%position.LuxorisverysupportiveofmanagementandinvolvedwiththeoversightoftheCompanywithtwoactivemembersontheBoardofDIrectors.MajorShareholder*Fully diluted shares outstanding includes the full conversion of the convertible debentures for 138,000,000 shares$0.00$0.05$0.10$0.15$0.20$0.25$0.30$0.35
  • 16. Mineral Resources and Reserves*16TonnesAu GradeAu(MM)(g/t)(Koz)Proven & Probable ReservesCosmo1.53.79180Fosterville1.86.01342Pine Creek1.31.5562Stawell1.03.4107Burnside0.21.9310Union Reefs0.34.442Maud Creek1.05.4185Reserves7.14.1928Measured and Indicated Resources (incl. of Reserves)Cosmo4.53.6500Fosterville16.63.872,069Pine Creek8.41.4380Stawell4.72.6399Burnside7.61.4336Union Reefs3.02.4236Maud Creek7.73.5871M&I Resources52.52.834,791Inferred ResourcesCosmo1.22.94109Fosterville6.33.78777Pine Creek2.52.3191Stawell1.04.7145Burnside11.81.6602Union Reefs4.32.2305Maud Creek4.22.5344Inferred Resources31.32.452,473*Please refer to cautionary language on page 2 of this presentationCrocodile Gold maintains significant Measured and Indicated Resources of 4.7 million ounces and Inferred Resources of2.4 million ounces.Reserves for Crocodile Gold’s projects total approximately1.0 million ounces.
  • 17. Crocodile Gold Management TeamRodney D. Lamond, P. Eng.,President & Chief Executive Officer , DirectorMr. Rodney Lamond joined Crocodile Gold as President and Chief Executive Officer of Crocodile Gold in July 2013. Mr. Lamond is a Professional Mining Engineer with over 25 years of operational experience in the mining industryRobert Dufour, CPA, CA, Chief Financial OfficerMr. Robert Dufour was appointed Chief Financial Officer in October 2012. Mr. Dufour is a Chartered Accountant with over 10 years of finance and accounting experience.Troy Cole, General Manager, Stawell Gold MineMr. Troy Cole joined Crocodile Gold Corporation in 2012 through the acquisition of the Stawell Gold Mines from Aurico. Mr. Cole has been Stawell Gold Mines General Manager since 2007 and has the responsibilities of director, mine management and engineering during his tenure.Ian Holland, General Manager, Fosterville Gold MineMr. Ian Holland joined Crocodile Gold through the Acquisition of the Fosterville Gold Mine in 2012 and has been in the roleofGeneral Manager since 2007. Ian has over 17 years experience across a number of gold and base metal mining operations throughout Australia. He is a geologist by background and has a strong track record in metalliferousoperations.Jason Morin, General Manager, NT OperationsMr. Jason Morin joined Crocodile Gold in September 2013. He was most recently the General Manager of the LangloisMine in Quebec for Nyrstarwhere he successfully guided the site from care & maintenance to full name plant capacity in 6 months.Mark Edwards, General Manager, Exploration and Business DevelopmentMr. Mark Edwards has been part of Crocodile Gold Northern Territory Project since sinceMarch 2010. Mr. Edwards is a qualified geologist with approximately 16 years experience working on Gold and Industrial Mineral deposits in the Northern Territory, Queensland, Western Australia, Tasmania and Botswana.17
  • 18. Board Of DirectorsRobert H. Getz, Chairman of the BoardMr. Robert Getz is a private investor and a Managing Director and co-founder of Cornerstone Equity Investors, LLC. Mr. Getz hasover 25 years of experience as a private equity investor and has strong experience in domestic and international mergers and acquisitions and public and private debt and financings. Mr. Getz has invested in and served as a director of many public and private metals and mining companies. He currently serves as a director of Haynes International, Inc., a developer and producer of specialty nickel alloys and CML Holdings, Inc., which is the largest iron ore producer in the western United States. Mr. Getz graduated from Boston University, where he received his BA degree, cum laude, and the Stern School at New York University, where he received his MBA in finance.Rodney D. Lamond, P. Eng., Director, President & Chief Executive OfficerGeorge Faught, CPA, CA, DirectorMr. George Faught is a Chartered Accountant with over 25 years of senior management experience and is currently the Chief Executive Officer of Aberdeen International Inc. He has served as the Chief Financial Officer of publicly traded companies in the natural resources, financial services and pharmaceutical industries. Mr. Faught has broad financial management, corporate development and operating experience and from 1999 to 2005 served as the Chief Financial Officer for North American Palladium Ltd., a mid-tier platinum group metal producer. Prior tothat, he served as Chief Financial Officer for Hudson Bay Mining & Smelting Co. Ltd., an integrated base metals producer, and William Resources Inc., an international gold producer. He also serves as a director of several public companies in the resource sector.Kevin Conboy, DirectorMr. Kevin Conboy was previously President and Chief Executive Officer of Acordia, Inc., a subsidiary of Wells Fargo based in Chicago. As well, he served as Chief Executive Officer for the NIA Group of Paramus, New Jersey. Mr. Conboy possesses a wealth of experience inthe financial markets and has considerable exposure to financial instruments and business transactions. He sits on a number of corporate and charitable boards. Mr. Conboy completed a B.A. from Colorado State University in 1973.Peter Tagliamonte, P. Eng., DirectorMr. Peter Tagliamonte is a professional mining engineer and also holds an MBA from the Richard Ivey School of Business, at the University of Western Ontario. He is currently the President and CEO of SullidenGold, the former President and CEO of Central Sun Mining Inc. and former Chief Operating Officer of Desert Sun Mining Corp. where he was responsible for the development of the JacobinaMine in Brazil into a 4,200- tonne-per-day mining operation. Mr. Tagliamonte has over 25 years of progressive managerial experience building and operating mines worldwide, notably in Central and South America. In 2005, he received the Mining Journal's "Mine Manager of the Year" award in recognition for his work in the mining sector.18
  • 19. Investment Highlights19GROWING GOLDPRODUCTIONGENERATING CASHFLOWSUSTAINABILITYAND GROWTH•Operating cash flow generated in Q2 2014 exceeded $18 million•Total Operating cash flow generated in 2013 exceeded $67 million•Operational Cash Costs for Q2 2014 decreased to $965 per ounce compared to $1,102 per ozin 2013•All-In Sustaining Cash Costs for Q2 2014 decreased to $1,316 per oz compared to $1,603 in Q2 2013•Total Production for 2013 was 210,000 oz, up from 155,000 ozin 2012•Production for Q3 2014 was 55,909 oz; on track for increased 2014 production guidance of 220-225,000 ozDECREASINGCOSTS•Advancing the Enhanced Big Hill Project at Stawell•Exploration efforts focused on underground resource definition to extend mine life at all projectsAll within Australia – a first world country with one of the most mining friendly jurisdictionsSIZABLERESOURCES•Proven and Probable Reserves: 930,000 oz•M+I Resources: 4.8 million oz•Inferred Resources: 2.5 million oz
  • 20. Investor Contact InformationFind us on:TSX: CRK(CRK.DB, CRK.WT)OTCQX: CROCFFRANKFURT: XGCCrocodile Gold Corporation20Robert DufourChief Financial Officer416-847-1847info@crocgold.comwww.crocgold.com
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