CROCODILE GOLD HIGHLIGHTS
Emerging Gold Producer – Crocodile Gold declared commercial production in June 2010 and produced 81,793 ounces of gold in 2010 from four mines in the Northern Territory of Australia including the Howley, North Point and Princess Louise open pit mines and the Brocks Creek underground mine.
Significant Upside Exploration Potential -Crocodile Gold has an expansive land package in the Northern Territory of Australia that contains 3.2 million ounces of NI 43-101 compliant measured and indicated resources and 2.1 million ounces of inferred resources.
EXPLORATION IN COSMO/HOWLEY CORRIDOR – Crocodile Gold is primarily focused on this area, which contains a significant amount of the company’s resources within a five kilometer strike length of a 25km trend. Crocodile Gold is currently developing the Cosmo underground mine, where production began in the third quarter of 2011 and is expected to ramp up in 2012.
Experienced Management Team -The company is staffed with mine operators and developers who have experience from some of the world’s largest, most successful gold companies.
CROCODILE GOLD RECENT DEVELOPMENTS
35% Production Growth January 18, 2013 Crocodile Gold announced fourth quarter 2012 production results, which included 62,147 ounces. This level represented a 35% increase over the third quarter of 2012. For the full 2012 year, the gold mining company produced 155,523 ounces.
Revenue Climbs 32% November 15, 2012 Crocodile Gold announced its third quarter financial and operating results, which included a 32% rise in revenue to $78.7 million on gold sales of 47,121 ounces. Mine operating earnings came in at $7.0 million, 18% above the $5.9 million during second quarter of this year.
Production Rises 26% October 15, 2012 Crocodile Gold announced third quarter gold production of 45,963 ounces, a 26% increase over the second quarter of this year. The Company noted that the improvement was a result of the combination of an 8% increase in processed throughput and a 17% increase in average gold grade.
UNTAPPED EXPLORATION POTENTIAL
HUGE LAND PACKAGECrocodile Gold has over 2,500 square kilometres of land in the Northern Territory of Australia with past producing mines, known gold mineralization and significant exploration upside.
RESOURCE EXPANSIONPotential to discover additional resources with a focus on Cosmo/Howley corridor and Pine Creek/Union Reefs area. Current mineral resources include 3.5 million ounces of NI 43-101 compliant measured and indicated resources and 2.2 million ounces of inferred resources..
UNDERVALUED VS. JUNIOR PRODUCERSYou need to upgrade your Flash Player
Crocodile Gold continues to outperform benchmarks
CROCODILE GOLD IN THE NEWS
LOCATIED IN TOP MINING JURISDICTION AUSTRALIA
KEY UPCOMING CATALYSTS
Luxor Group Becomes Cornerstone Shareholder
Crocodile Gold reached an agreement with Armant, LLC – an affiliate of investment funds managed by Luxor Capital Group, LP– to amend its previously announced offer to acquire up to 215,386,435 common shares of CRK.TSX by raising the purchase price to C$0.62 from C$0.56 per share.
Advancing Maud Creek Deposit
Based on the positive results of a Mine and Development Options Study, Crocodile Gold will be working towards advancing the project via a Pre-Feasibility Study where further detailed studies will be conducted.
2012 Expanding Production, Declining Cash Costs
Crocodile Gold is targeting higher production and lower cash costs as Cosmo ramps up providing higher grade mill feed and as projects in the Pine Creek and Union Reefs area in close proximity to the Company’s Union Reefs Mill are brought into production.