Last C$0.28 CAD
Change Today +0.01 / 3.70%
Volume 529.6K
CRK On Other Exchanges
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As of 3:59 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

crocodile gold corp (CRK) Snapshot

Open
C$0.28
Previous Close
C$0.27
Day High
C$0.29
Day Low
C$0.28
52 Week High
03/14/14 - C$0.35
52 Week Low
08/7/13 - C$0.07
Market Cap
133.2M
Average Volume 10 Days
840.1K
EPS TTM
C$0.01
Shares Outstanding
475.6M
EX-Date
--
P/E TM
26.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for CROCODILE GOLD CORP (CRK)

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crocodile gold corp (CRK) Details

Crocodile Gold Corp. is engaged in the mining and exploration of gold properties in the Northern Territory and the state of Victoria, Australia. It holds interest in Burnside gold and base metal project, and the Union Reefs, Pine Creek, Maud Creek, and Cosmo gold projects comprising a total of 280 mineral and exploration titles totaling 2,242 square kilometers in the Northern Territory; and Fosterville gold mine and Big Hill project located in the state of Victoria. The company has a combined land package of approximately 4,000 square kilometers. Crocodile Gold Corp. is based in Toronto, Canada.

crocodile gold corp (CRK) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$188.8K
Chief Financial Officer
Total Annual Compensation: C$257.8K
Technical Consultant
Total Annual Compensation: C$188.5K
Compensation as of Fiscal Year 2013.

crocodile gold corp (CRK) Key Developments

Crocodile Gold Corp. Announces Feasibility Study Results for the Big Hill Project

Crocodile Gold Corp. announced the results of the Feasibility Study for the Big Hill Enhanced Development Project (the 'Project'), located adjacent to the Stawell Gold Mine (SGM), in the State of Victoria, Australia. The Feasibility Study has been completed in accordance with the CIM Definition Standards on Mineral Resources and Mineral Reserves referred to in the National Instrument 43-101. The Feasibility Study confirms the technical and economic viability of the Project and highlights the measures taken to achieve levels of compliance beyond that of conventional open pit mining because of the proximity to the Stawell community. Self-imposed modified practices have been adopted to mitigate environmental and social impacts, even if not economically optimal. The Project is currently the subject of an Environmental Effects Statement and Ministerial Assessment. These modified work practices have been adopted in consideration for favorable permitting and works approval. Substantial work has been done to confirm operational costs, technical support and social impacts. Based on a forecast gold price of AUD 1,415 per ounce, the Feasibility Study pre-tax NPV (8%) is AUD 39M with an IRR of 125% The most positive characteristic of the Project is its high operating margin-economic sensitivity analyses demonstrate the Project NPV to be resilient to downward movement in gold price and potential upward movement in costs. The total pre-production capital cost is estimated at AUD 11.99 million and include costs associated with site establishment, relocation of existing infrastructure and environmental impact mitigation. The total capital cost for the Big Hill Enhanced Development Project is estimated at AUD 19.6 million which includes rehabilitation and end land use amenity consideration. Mine fleet requirements will be pursued through either leasing or dry hire arrangement. Environmental Bonds will reflect incremental payment at key stages of the project and will also reflect bond reduction on completion of progressive rehabilitative works. The mineral resource model used in the Feasibility Study is current as at March 2014. Drill spacing over the considered resource area is largely 20m x 25m, with drilling inclusive of additional RC and diamond drilling programs from 2008, 2012 and 2013. The estimate incorporates an updated geological interpretation, update of the resource estimate, review and update of historical void models, utilization of a pit shell (constrained) at AUD 1,425 gold price and an in situ cut off for reporting of 0.35g/t Au. The Indicated Mineral Resources are inclusive of those Minera l Resources modified to produce the Ore Reserves. Mineral Resources are exclusive of Mineral Reserves. Mineral Resources were estimated using a gold price of AUD 1,425/oz and cut-off grade of 0.35g/t Au. The pit optimization and design were developed considering, detailed slope parameter analysis, potential infrastructure interaction, safe operating widths for the proposed equipment, business objectives, rehabilitation commitments, previous mining activities (both open pit and underground), minimization of dust and noise impact on the surrounding community and rehabilitative commitments. Overall, the gold recovery from testing averaged 91.7%, with recovery consistent with depth, level of weathering of the rock and mine section.

Crocodile Gold Corp. - Shareholder/Analyst Call

Annual General Meeting

Crocodile Gold Corp. Updates the Mineral Reserves and Resources Estimate at Fosterville Gold Mine and Cosmo Gold Mine

Crocodile Gold Corp. announced that at the Fosterville Gold Mine, the total Mineral Resources reported are contained in four separate areas: the Central Area, Southern Area, Harrier Area and Robbin's Hill Area. Drilling throughout 2013 was concentrated on near term drilling targets in the Central and Harrier Areas and resulted in the successful delineation of zones of mineralization that have led to growth in total Measured and Indicated Mineral Resources to over 2 million ounces of gold. A total of 205 holes were drilled in the Central Area, predominately targeting the Phoenix and Lower Phoenix structures during 2013. This drilling successfully identified additional zones of mineralization that has led to an increase in total Measured and Indicated Mineral Resource of approximately 374,000 ounces of gold. This is a 42% increase on Measured and Indicated Mineral Resources from the December 2012 Mineral Resource estimate for this area. In addition, 158,000 ounces of gold of Inferred Mineral Resource was added to the Central Area as a result of drilling programs undertaken during 2013 and subsequent resource modeling. On the back of the Mineral Resource expansion in the Central Area, Fosterville experienced significant Mineral Reserve growth, with the addition of 39,000 gold ounces of Proven and Probable Mineral Reserve, after mining depletion of 68,500 ounces. This represents a 26% increase in Mineral Reserve from the December 2012 Mineral Reserve position. The total Mineral Reserve for the Central Area now stands at 189,000 contained ounces of gold; driven by an 11% increase in tonnes and 14% increase in grade for the area. A total of 63 holes were drilled in the Harrier Area throughout 2013, testing down plunge extensions of the Harrier system and providing adequate resource definition for near term mine planning. The Harrier Area drilling and modeling produced a less pronounced increase in Measured and Indicated Mineral Resource. However, coupled with the re-interpretation of existing datasets, the Harrier Area yielded an increase of 99,000 ounces of gold. In addition, there was a sizeable increase in the Inferred Mineral Resource category in the area. In total, 197,000 ounces where added to the Inferred Mineral Resource base for a 288% increase. This was driven largely by a re-interpretation of mineralized domains above the 4800mRL and the inclusion of exploration drilling results at the southern extent of known mineralization on the 4850mN section. The Proven and Probable Mineral Reserve estimate for Harrier stands at 42,000 ounces of gold. This represents a 27% ounce reduction when compared to the December 2012 Mineral Reserve position for the same area, inclusive of mine depletion of 54,000 ounces over 2013. The Proven and Probable Mineral Reserve reductions in the Harrier Area were offset by gains in the Central Area, resulting in an overall Mineral Reserve growth of 12% for a total of 231,000 contained ounces.

 

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