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8 th Annual Mining the Territory Conference August 2014 TSX : CRK

Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

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Simon Hitchman delivered the presentation at the 2014 Mining the Territory Conference. With record year on year investment in mining developments and exploration in the Northern Territory, the 8th Annual Mining the Territory Conference is perfectly placed to hear latest information on this booming region. For more information about the event, please visit: http://bit.ly/MiningtheNT2014

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Page 1: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

8th Annual Mining the Territory Conference – August 2014

TSX : CRK

Page 2: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

Forward Looking Information

2

This presentation contains forward-looking information under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the development potential and timetable of the projects; the Company’s ability to raise additional funds as necessary or on commercially reasonable terms; the future price of gold; the estimation of mineral resources and mineral reserves; conclusions of economic evaluation (including scoping studies); the realization of mineral resource and reserve estimates; the timing and amount of estimated future production, development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Generally, forward-looking information can be identified by the use of forward-looking terminology 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 information is based on the opinions and estimates of management as of the date such statements are made. Estimates regarding the anticipated timing, amount and cost of mining at the projects are based on assumptions underlying mineral resource estimates and the realization of such estimates; results of previous mining activities at the projects, and detailed research and analysis completed by independent of the Company; research and estimates regarding the timing of delivery for long-lead items; knowledge regarding the factors consultants and management involved in building a mine and other factors described in the technical reports and Annual Information Form filed under the profile of the Company on SEDAR. Capital and operating cost estimates are based on results of previous mining activities, research of the Company and independent consultants, recent estimates of construction and mining costs and other factors that are set out in the scoping study. Production estimates are based on mine plans and production schedules, which have been developed by the Company’s personnel and independent consultants. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks related to: timing and availability of external financing on 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 plans continue to be refined; future prices of gold; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, 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 differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information 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 reserves and mineral resources be reported separately. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Due to the uncertainty of measured, indicated or inferred mineral resources, these mineral resources may never be upgraded to proven and probable mineral reserves.

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 while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize these terms. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.

Non-IFRS Measures Crocodile Gold believes that investors use certain indicators to assess gold mining companies. The indicators are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance in accordance with the International Financial Reporting Standards.

“Operational Cash Cost per Ounce” is a non-IFRS performance measure which could provide an indication of the mining and processing efficiency at the operations. It is determined by dividing the operating expenses, excluding stock-based compensation allocated to the operating expense and next of silver revenue, by the number of ounces of gold sold. There are variations in the method of computation of “operational cash cost per ounce” as determined by the Company compared with other mining companies. For more detail on the Operational Cash Cost per Ounce determination for Crocodile Gold, please visit www.sedar.com or www.crocgold.com and review the latest Annual Financial Statements issued on March 19, 2013.

Note for Pages 6, 9, 10, 12, 16-18: 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;

REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE UNION REEFS GOLD PROJECT dated 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; REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE BURNSIDE GOLD AND BASE METAL PROJECT dated December 12, 2013.

Notes for Page 11: 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

Page 3: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

3

Operations and Projects

Victoria Operations

Main Northern Territory Focus

• Cosmo Deeps Mine

• Union Reefs (Esmeralda)

• Maud Creek

• Bon’s Rush

Page 4: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

Investment Highlights

4

GROWING GOLD

PRODUCTION

GENERATING CASH

FLOW

GROWTH

POTENTIAL

• Total Operating cash flow generated in 2013 exceeded

$67 million

• Operating cash flow generated in Q2 2014 exceeded

$18 million

• Operational Cash Costs for Q2 2014 decreased to

$965/ oz compared to $1,102/oz in 2013

• All-In Sustaining Cash Costs for Q2 2014 decreased to

$1,316/oz compared to $1,603/oz in Q2 2013

• Total Production for 2013 was 210,000 oz, up from

155,000 oz in 2012

• Gold Production for Q2 2014 was 54,024 oz; on track

for 2014 production guidance of 200-210,000 oz

DECREASING

COSTS

• Current focus is on underground resource definition to

extend mine life at all projects

• Further exploration will be based on the value added by

the project

All within

Australia

SIZABLE

RESOURCES

• Proven and Probable Reserves: 0.93 million oz

• M+I Resources: 4.8 million oz

• Inferred Resources: 2.5 million oz

Crocodile Gold is a Canadian gold mining company with operating mines in the NT and the state of Victoria.

Page 5: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

2013-14 Milestones

5

Q2 ‘13 • Unwound gold swap position, significantly reducing debt from $70M to $11M

• Divested Tom’s Gully and Mount Bundy to Primary Gold

Q3 ‘13 • Filed Mineral Resource update on Northern Territory Assets

• Cosmo Gold Mine transitioned from ramp-up to sustainable producer with 21,300 oz produced

• Increased production guidance to 200,000 – 205,000 oz from 170,000 – 180,000 oz

Q4 ‘13

• Reported Q3 production results with a 14% increase in production over Q2

• Exceeded 2013 guidance with 210,626 oz produced at an average cash cost of $1,027/oz

• Established 2014 production guidance of 200,000 – 210,000 oz gold at an average cash cost

between $900 – $950/oz

Q1 ‘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 project

Page 6: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

Mineral Resources and Reserves *

(NI43-101 Compliant)

6

Tonnes Au Grade Au

(Mt) (g/t) (koz)

Proven & Probable Reserves (479 koz or 52% oz in NT)

Cosmo 1.5 3.79 180

Fosterville 1.8 6.01 342

Pine Creek 1.3 1.55 62

Stawell 1.0 3.40 107

Burnside 0.2 1.93 10

Union Reefs 0.3 4.40 42

Maud Creek 1.0 5.40 185

Reserves 7.0 4.10 928

Measured and Indicated Resources (incl. of Reserves) (1,94 Moz or 41% oz in NT)

Cosmo 4.5 3.43 500

Fosterville 16.6 3.87 2,069

Pine Creek 8.4 1.40 380

Stawell 4.7 2.60 399

Burnside 7.6 1.40 336

Union Reefs 3.0 2.40 236

Maud Creek 7.7 3.50 871

Measured & Indicated Resources 52.6 2.83 4,791

Inferred Resources (1.55 Moz or 63% oz in NT)

Cosmo 1.1 2.94 109

Fosterville 6.4 3.78 777

Pine Creek 2.5 2.30 191

Stawell 1.0 4.70 145

Burnside 11.8 1.60 602

Union Reefs 4.3 2.20 305

Maud Creek 4.2 2.50 344

Inferred Resources 31.3 2.45 2,473

*Please refer to cautionary language on page 2 of this presentation

Reserves for Crocodile Gold’s

projects total approximately

0.93 million ounces

Crocodile Gold maintains

significant:

Measured and Indicated

Resources of

4.8 million ounces

and

Inferred Resources of

2.5 million ounces

Page 7: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

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2013-14 Operational Summary

Crocodile Gold is focused on maintaining sustainable levels of

production and managing costs.

2014 Production:

200,000 - 210,000 oz

2014 Operating Cash Cost:

USD$900-$950/ oz

$1,150 $1,101

$924 $967 $971 $965

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

-

10,000

20,000

30,000

40,000

50,000

60,000

70,000

Q1 '13 Q2 '13 Q3 '13 Q4 '13 Q1 '14 Q2 '14

CA

SH C

OST

S (U

S$/

oz)

GO

LD P

RO

DU

CTI

ON

(o

z)

NT FGM SGM Operational Cash Costs

Page 8: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

Generating Positive Cash Flow Crocodile 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

$0.06

Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014

Op

era

tio

nal

Cash

F

low

Per

Sh

are

$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

$1,800

Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014

US

$/o

z

Average Gold Sale Price Operational Cash Costs All In Sustainable Costs

Page 9: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

9

Gold Production:

Fosterville Gold Mine

Fosterville Processing Facility

2013 HIGHLIGHTS

• Production of ~98,000 ounces gold

• Positive underground drilling program

completed with gold mineralisation

open down plunge.

2014 HIGHLIGHTS

• Increased M + I Resource estimate by

30%

GOALS FOR 2014

• Complete Capital Development

Programs (ventilation and tailings)

• Increase underground productivity

• Continue to expand Mineral

Reserves and Mineral Resources

• Production Guidance: 95,000 -

100,000oz

23,556 23,470

25,359 26,039 25,786

22,198

25,700 25,700

3,000

8,000

13,000

18,000

23,000

28,000

Q1 '13 Q2 '13 Q3 '13 Q4 '13 Q1 '14 Q2 '14 Q3'14(E)

Q4'14(E)

Oz

Pro

du

ced

Page 10: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

10

Gold Production:

Stawell Gold Mine

Stawell Processing Facility

2013 HIGHLIGHTS

• Production of ~37,000 ounces gold

• Successful underground exploration

programs to extend mine life

• Streamlined operations to support

reduced manpower and infrastructure

levels

GOALS FOR 2014

• Exploring opportunities within the

existing mining lease, including the

Big Hill Project

• Release positive Feasibility Study for

Big Hill

• Receive permit approval for Big Hill

project (expected in Q3)

• Production Guidance: ~30,000oz 12,228

7,085

8,531

10,322 9,956 9,981

5,300

3,900

3,000

8,000

13,000

Q1 '13 Q2 '13 Q3 '13 Q4 '13 Q1 '14 Q2 '14 Q3'14(E)

Q4'14(E)

Oz

Pro

du

ced

Page 11: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

11

South

Gandy’s

Big Hill Pit

Growth Projects:

Big Hill Enhanced Development Project

Project Milestones

• The Environmental Effects

Statement for the project was

issued for Public Review in late

March 2014.

Final recommendations are

expected in Q3 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 ounces

Stawell Mill

Big Hill Project

Financials Summary Pre-Tax Post Tax

Gold Price* A$1,415 A$1,415

Undiscounted Cash

Flow (AUD$)(M) A$49.2 A$30.3

NPV @ 8% Discount

(AUD$)(M) A$38.5 A$22.6

IRR 125.3% 79.1%

Payback Period (Years) 1.5 1.9

Page 12: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

12

Gold Production:

Cosmo Gold Mine

Cosmo Access Portal

2013 HIGHLIGHTS

• Production of ~74,000 oz gold

• Commercial Production declared and

full ramp-up of mine completed

• Sustainable production levels achieved

in 2013

GOALS 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-

80,000oz

13,169

17,706

21,316 21,915

17,841

21,845 21,800 20,500

3,000

8,000

13,000

18,000

23,000

Q1 '13 Q2 '13 Q3 '13 Q4 '13 Q1 '14 Q2 '14 Q3'14(E)

Q4'14(E)

Oz

Pro

du

ced

Page 13: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

13

During early 2014 Crocodile Gold executed three key contracts for the

Northern Territory Operations:

Underground Mining Contract – Awarded to Downer EDI Pty Ltd for a period of

two years with the option to extend for a third year. Downer EDI mobilized to site in

March this year and assisted with minimal disruption to operations.

Diamond Drilling Contract – Awarded to Boart Longyear for a period of two years

to support the underground drilling necessary for mine planning and resource

development. Some deeper exploration drilling will also be completed in the coming

12 months

Power Supply Contract – Crocodile Gold negotiated a new electrical power supply

contract with the Power and Water Corporation which will cover a term of one year.

NT Contract Changes

Page 14: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

14

In May 2014 Crocodile Gold announced a Mineral Resource and Reserve

update for the Cosmo Project:

Mineral Resources – Resource Definition drilling in 2013 allowed an increase of 4% in

Measured and Indicated Mineral Resources to 4.5Mt @ 3.43g/t for 500,000 ounces

Mineral Reserves – Proven and Probable Mineral Reserves decreased by 24% since the 1st

June 2013 Reserve statement Current drilling programs are designed to target Reserve growth

in 2014.

Cosmo Resource & Reserve Update

Page 15: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

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The Cosmo Deeps Project is the core

mining project for Crocodile Gold in the

Northern Territory. In early 2014 approval

was granted for deeper drilling project

South

Gandy’s

Description Unit Amount

Drill Holes No. 12

Drill Metres (approx.) metres 5,000

Start Q2, 2014

Finish Q1, 2015

Growth Projects:

Cosmo Deeps Drilling

Project Plan

• Drill diamond holes into down-plunge

extensions of the Cosmo deposit

• Build Mineral Resource and Reserve

base close to existing infrastructure

• Two phase program, phase-1 outlined

above, phase-2 on success of phase 1

Milestones

• Drilling for this project commenced with

new contractor arriving with 3rd diamond

rig in April, 2014

• Drilling to be completed in conjunction

with drilling required for production

Exploration

Potential

North South

1,000mRL

800mRL

600mRL

400mRL 1,5

00m

N

2,0

00m

N

500m

Mined Pit

Hangingwall

Footwall

Mined Stope

Reserve

Mined Development

Design

LEGEND

Resource Grade

Shells in Brown

Page 16: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

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The Esmeralda Project is located ~7 km south of the

Union Reefs processing plant and is a potential

source of oxide ore close to operations. Current

Inferred Mineral Resource of 1.1Mt @ 2.06 g/t Au for

70,000 ounces of gold South

Gandy’s

Growth Projects:

Esmeralda

Project Plan

• Geological Mapping around the deposit to

identify expansion targets

• Two stage drilling program to focus on

expanding and upgrading current inferred

Mineral Resources

Milestones

• Geological Field Mapping is complete, with

maps and reporting being finalised

• Drill planning and approval to be completed in

Q3, 2014.

Page 17: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

17

South

Gandy’s

Growth Projects:

Bon’s Rush

Project Plan

• Focused geological mapping around

Bon’s Rush to supplement existing

mapping - Use with airborne EM and

magnetic data to identify potential areas

for expanding Mineral Resources.

• Review of historic drilling and sampling to

identify potential targets

Milestones

• Field mapping completed around Bon’s

Rush showed extensive folding and

indicators for mineralisation

• Mapping is being collated for reporting.

Bon’s Rush, within the Burnside Project, is

located 25 km north of the Cosmo Mine on an

active Mineral Lease. Current Inferred Mineral

Resource of 805 kt @ 2.33 g/t Au for 60 koz gold.

Potential to expand.

Page 18: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

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In 2013 Crocodile Gold announced a

Mineral Resource and Reserve update for

the Maud Creek deposit near Katherine.

Indicated Resources of +870,000 oz gold.

South

Gandy’s

Category Tonnes Grade (g/t Au) Ounces

Mineral Resources (1g/t lower cut-off)

Indicated 7,733,000 3.50 871,000

Inferred 4,192,000 2.55 343,600

Mineral Reserves (4g/t lower cut-off)

Probable 1,055,000 5.40 184,490

Growth Projects:

Maud Creek

Project Plan

• Crocodile Gold is currently reviewing the

Maud Creek project to determine how to

proceed with updated information.

• Other exploration targets exist on site

that require follow up work (Chessman).

Milestones

• Crocodile Gold announced a Mineral

Reserve for the Maud Creek project in

2013.

• Resource update in was generated using

drilling results and reinterpretation of the

deposit in 2011.

Page 19: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

19

During the past few years Crocodile Gold has begun the process of rehabilitating current mining

and legacy sites held by the Company

South

Gandy’s

Other Projects:

Rehabilitation

Works completed

2012 – Historic mineralised material rehabilitated at Glencoe and Moline Mining areas

2013 – 34 Ha of disturbed areas rehabilitated at North Point, Princess Louise, Golden Dyke

and Brocks Creek

2014 – Golden Dyke area currently being completed, work planned for Howley, Brocks Creek,

Princess Louise and North Point

Ongoing – CDU conducting grazing study on man made landforms with Crocodile assistance

Princess Louise Waste Dump - Before PL Waste Dump - Landscaped Princess Louise - Seeding

Page 20: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

20

Strategic Projects:

Non-Core Asset Divestment

Non-Core Asset Divestment

Crocodile 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 assets

Completed Divestments:

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 Crocodile Gold is entitled to a 1% net smelter royalty

capped at AUD$2.5 million

Mt. Bundy Gold Project Divestment to Primary Gold (ASX:PGO)

For the sale of the property, Crocodile Gold received 11.75 million restricted and unrestricted shares

(10.5% ownership), a cash payment of AUD$ 3.35 million and a AUD$2.5 million capped royalty

This eliminated the care and maintenance costs on Tom’s Gully Processing plant generating a

savings of ~$AUD600,000 per annum.

Page 21: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

Recently Completed Divestment:

Asset Sale and Farm-In JV Agreement with Phoenix Copper Limited

Crocodile Gold entered into a Base metals (excluding Uranium) and Gold exploration agreement with

Phoenix Copper Limited Pty. where Phoenix Copper received:

100% of mining leases containing the Iron Blow and Mount Bonnie Au-Ag-Zn-Pb-Cu deposits:

2% royalty payable to Crocodile Gold for the value of gold and silver in concentrate production; and

Crocodile Gold has the right to clawback 30% interest on the Sales Tenements on completion of a

Pre-Feasibility by paying Phoenix Copper 3 times its accumulated expenditure; and

Up to 90% interest on Crocodile Gold ‘s Burnside Exploration Titles, Maud Creek Project (excluding

ML30260) and Moline Project areas for an AUD$4 million exploration commitment over 4 years. In the

Farm-In tenements:

Crocodile Gold can acquire up to 90% of any 2012 JORC compliant gold and silver deposit from

Phoenix Copper; by paying a 3 times the accumulated expenditure on the deposit; and

A further consideration of AUD$500,000 (cash or PNX shares) is payable to Crocodile Gold on

completion of a Feasibility Study.

21

Strategic Projects: Non-Core Asset Divestment - Continued

Page 22: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

Asset Sale and Farm-In JV Agreement with Phoenix Copper Limited

22

Strategic Projects: Non-Core Asset Divestment - Continued

(CRK)

(CRK)

Page 23: Simon Hitchman - Crocodile Gold Corp - Crocodile Gold’s operations and project developments

Two Operational Mine Sites – Cosmo & Union Reefs

Sustainable production levels achieved at Cosmo in 2013, with Production

Guidance of 75-85k ounces for 2014.

Significant NI 43-101 compliant Gold Resources and Reserves;

Growth Potential:

Current focus is on Underground (and open pit) resource definition to promote

sustainability;

Further exploration will be based on the value added by each project;

Large Tenement holding (over 2,000km²) containing many historical mines;

Crocodile Gold is committed to rehabilitation of its operating mine sites;

Non-Core Asset Divestment is advancing and geared towards:

Returning upside in the form of Earn-in Rights, Royalties and other similar

arrangements;

Carrying cost savings; and

Allowing Crocodile Gold to focus on core producing assets.

Please visit www.crocgold.com for additional information

23

Crocodile Gold:

NT Summary