An EvolvingAustralian Gold
Producer
JUNE 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
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First World Location & Infrastructure
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Our Assets
ProductionHowley Trend
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 3rd
Qtr 2011
Pine Creek-International
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
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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 = $200M (Adjacent to major highway and utilities)
2010 production of 82,000 ounces
2011 production guidance: 85,000 – 100,000 ounces
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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 Catalysts Production from Cosmo
Initial ore expected 3rd Qtr -2011
Will contribute 50% of ounces at full production (800,000 t.p.a. ore).
Production from Pine Creek- International, upon receipt of permits
Aggressive exploration program (Brownfields and Greenfields)
Increasing % of high grade mill feed throughout the year from Cosmo
2011 Guidance
85,000-100,000 oz
Cash Cost US$875-$975/oz
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Cosmo/Howley Area
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Howley Trend Open Pit Mining May 2011
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Mottrams Pit - Looking South Mottrams Pit – Looking West
Howley Pit and Ore ROM Pad Mottrams Pit – Looking South
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Cosmo – East Lode Expansion Potential
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Cosmo – West Lode Expansion Potential
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Cosmo Development June 2011
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As Constructed
Eastern Lodes
Design
Western Lodes
First Ore
Potential extension
Of Western Lode
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Cosmo – DewateringJune 2011
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Future Ventilation
Raise
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Cosmo Underground Equipment
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Mining Projects –Cost Comparison
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Cosmo development provides leverage of additional high-grade ore leading to significantly lower cash costs/oz.
Cosmo mining costs are higher than open pits but the ounces per vertical meter assist in lower mining costs for underground.
Cosmo will eventually make up 40% of mill feed (50% of ounces) which will help lower overall costs and improve overall production.
Open Pits provide good margin (US$400) to current gold price.
Open Pit Open Pit Open Pit Open Pit UndergroundExample Example Example ExampleBurnside Burnside Burnside Pine Creek Cosmo
Mining Cost per tonne $2.50 $2.50 $2.50 $2.50 $44.00Strip Ratio 3.0 3.0 6.5 2.5
Mining Cost per Tonne Milled $10.00 $10.00 $18.75 $8.75 $44.00Processing Cost $16.00 $16.00 $16.00 $16.00 $16.00Ore Haulage $8.25 $8.25 $8.25 $2.50 $8.50
Site General & Administration $3.50 $3.50 $3.50 $3.50 $3.50
Total $/Tonne Milled $37.75 $37.75 $46.50 $30.75 $72.00
Ore Grade 1.30 1.50 1.50 1.30 4.50Recovery 90.0% 90.0% 93.0% 80.0% 92.0%
Cost per Ounce $1,003 $870 $1,037 $920 $541
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Outside Exploration - CosmoConductive/Magnetic Targets Associated With the Cosmo Trend
AEM
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Burnside: Howley Trend25 Kilometres of Potential
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Union Reefs/Pine Creek Area
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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 Resources increased from 69,600 oz to 288,600 oz
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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:
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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
4 g/t Au over 30 metres1.5 g/t Au
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Union Reef Development Conceptual Cost Profile
Using previous operating data, existing cost regime, and projected grades, deposits show excellent potential to deliver low cost ounces to the production profile.
Number 1 Exploration priority
High-Grade vein targets (Prospect & Lady Alice)
Bulk-Ore targets (Crosscourse- “Cosmo Style”)
Need to expand resources and complete detailed mining studies before deposits can be included in any future production forecasts.
No guarantee that an economic resource will be discovered to justify a production decision.
Conceptual Conceptual Conceptual
Underground Underground Underground Underground
Cosmo Prospect Prospect Crosscourse
Union Reef Union Reef Union Reef
Mining Cost per Tonne Milled $44.00 $80.00 $80.00 $44.00
Processing Cost $16.00 $16.00 $16.00 $16.00
Ore Haulage $8.50 $0.00 $0.00 $0.00
Site General & Administration $3.50 $3.50 $3.50 $3.50
Total $/Tonne Milled $72.00 $99.50 $99.50 $63.50
Ore Grade 4.50 6.00 7.50 4.50
Recovery 92.0% 92.0% 92.0% 92.0%
Cost per Ounce $541 $561 $448 $477
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Exploration
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Historic Resource
650,000t - 1.7g/t Au, 279g/t Ag
= Au eq 9.3g/t or 194,000oz
plus 9% Zn, 2% Pb, 0.5% Cu
Oxide Cap previously mined
110,000t @ 7g/t Au and 230g/t Ag
Au eq = 13.3g/t Au or 47,000oz Au
MOUNT BONNIE
Aeromagnetics- tilt derivative
Historic Production 10,000t oxide @ 9g/t Au and 250g/t Ag = Au eq
15.8g 25,000t sulphide (supergene) @ 7g/t Au and
360g/t Ag = Au eq 17g Total production Au eq = 18,747oz Current Inferred Resources
3,175,000t @ 2.1g/t Au, 101g/t Ag, 3.3% Zn, 0.76% Pb, 0.19% Cu
Au eq = 4.85g or 495,000oz (only Au and Ag considered)
IRON BLOW
Massive Sulfide Deposits
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Maud Creek Deposit
ResourcesIndicated - 9,288,000t @3.1g/t Au for 935,000ozInferred - 1,072,000t @2.4g/t Au for 82,000oz using a 1.0g/t Au cut-off
Indicated Resource -Greater than 4.5g/t Au – 3.1 Mt @ 6.3 g/t for 628,000oz
Partially refractory – metallurgical testing indicates 90-95% recovery by flotation with concentrates grading 6 opt.
Near the town of Katherine – 8km haul road to paved highway
Significant asset to Crocodile Gold
North south trending, good widths, excellent configuration for underground mining
Cross section
Mined 173,600t @3.32g/t Au – 18,500oz
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Regional Exploration Program(Airborne Geophysics Survey Areas)
Bons Rush
Mt. Ellison
Woolwonga
Brocks Creek
Mt. BonnieCosmo Mine
3,700 line Km’s Scheduled for Mid June
Combined AEM and magnetometer survey
Geotech VTEM system- state of the art
Includes Moline and Maud Creek tenements
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Undervalued on Equivalent/oz Au Comparison
26Source: NBF
Updated on June 15, 2011
EV/oz Au Producer Average = $US 145/oz
Crocodile Gold= $US 45/oz
ARZ
NGD
NGX
AGI
ORA
GAM
JAG
MFL
P
RML
AVM
CLF
EDV
GSC
HRG
RSG
SMFTGZ
AUQ
CRK
KCN
OGC
Average
$0
$50
$100
$150
$200
$250
$300
$350
$400
0 5,000 10,000 15,000 20,000
EV/o
z A
u (
US$
/oz)
Total Resources (Koz Au)
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Undervalued on Price to Net Asset Value Comparison
Source: Raymond James
Updated as of June 14, 2011
0.5x
0
0.5
1
1.5
2
ORA CRK AGI GSC LSG YRI ANO ELD AEM
Gold Producers
TSX:CRK
Management & Board
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Chantal Lavoie, P.Eng.
President and Chief Executive Officer
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
Chantal Lavoie, P.Eng.
Mike Hoffman, P.Eng.
Bruce Humphrey, P.Eng.
Peter Tagliamonte, P.Eng.
Management Board of Directors
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Capital Structure
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Share Structure (at May 31, 2011)
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Shares Issued & Outstanding
309,851,311
Warrants 69,499,116
Options 18,441,204
Fully Diluted 397,791,631
Market Capitalization(approximately, as at May 31, 2011)
$239 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
30
Reserve Summary December 31, 2010
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CROCODILE GOLD MINERAL RESERVE STATEMENT -31 December, 2010
Project DepositCut-off
(g/t)Tonnes
Gold Grade
(g/t)
Ounces
Gold
Brocks Creek 7.1 34,000 8.6 9,300
Cosmo Deeps 3.1 3,100,000 4.2 420,000
Howley 1.0 340,000 1.6 18,000
North Point* 1.0 55,000 2.3 4,000
Princess Louise 1.0 200,000 1.5 9,700
Mottrams 1.0 980,000 1.2 39,000
Kohinoor 1.0 290,000 1.9 18,000
Cox 1.0 500,000 1.6 26,000
International 1.0 1,300,000 1.5 65,000
Gandys 1.0 480,000 1.7 26,000
South Enterprise 1.0 420,000 2.0 27,000
TOTAL 7,699,000 2.7 662,000
$A:$US 0.91
PROBABLE MINERAL RESERVE
Burnside
Pine Creek
Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability
Gold Price: $US1000/oz
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Resource SummaryDecember 31, 2010
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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
31 December 2010
M+I Inferred
Project Deposit Commodity Cut-off TonnesGrade
(ppm)Contained metal
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
MINERAL RESOURCE STATEMENT (Other Commodities) - 31 December 2010INFERRED MINERAL RESOURCE
BurnsideIron Blow
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Union Reefs Mill
Investor Contact Info
Chantal Lavoie President and [email protected]
www.crocgold.com
A Member of the Forbes & Manhattan Group of Companies
Investor RelationsRob [email protected]