2. 2

3. 3
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4. 4
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2012 Milestones
• Initiated the Big Hill permitting process
• Declared commercial production at Cosmo Mine
• Completed of C$34.5mm convertible debenture offering
• Successful unwinding of gold swap (hedge) position, reducing debt by
A$58mm

5. 5
Given the recent softening in gold prices, Crocodile Gold has done an extensive
review of its operations and projects to identify further opportunities
1. Continual Operational Review
• Operating Costs
• Consolidation of shared services in Victoria (SGM & FGM)
• Streamlined management structure at the operations (NT & SGM)
• Capital Expenditures
• Limit capital expenditures to mine development with minimal $ spend on infrastructure
• Redistribution of assets within the group, from SGM to FGM and Cosmo, reducing capital
expenditures (mobile equipment, electrical equipment, etc)
• Assets sale at SGM
• On-going optimization of Cosmo, using experience of SGM & FGM
2. Projects Review
• Exploration drilling limited to on-mine resources conversion; no greenfield
• Moving ahead only on Big Hill project at this time
• Reassessing appropriate timing for UR Prospect and Pine Creek

6. 6
154,122
174,953
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013
(E)
Q3 2013
(E)
Q4 2013
(E)
Quarterly Production Cumulative Production
2013 Forecast (oz)2012 Production (oz)
$2,028
$1,167
$1,176
$998
$1,150 $1,100 $1,075 $1,000
$0
$500
$1,000
$1,500
$2,000
$2,500
Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013(E) Q3 2013(E) Q4 2013(E)
2012/2013 Cash Costs
Actual
Forecasted

7. 7
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8. 8
• Produced 90,000 oz gold in 2012
• Expect to produce similar level in 2013
• Announced high-grade gold intersections from drill
holes on strike extending the Phoenix ore body at
Fosterville. Drill results include*:
• 23.36 g/t Au over 5.70m in hole UDE084
• 6.21 g/t Au over 6.10m in hole UDE084A
• Current mine life of 3 years based on Measured
and Indicated Resources of 13.9Mt at 2.9 g/t Au
for 1,289,000 oz
• Drilling programs underway with potential to
extend the mine life
Fosterville Processing Facility

9. 9
Stawell Gold mine is an underground operation located
alongside the town of Stawell, in central Victoria,
approximately 250 km west of Melbourne. Processing
facilities use standard CIL gold recover and have a capacity
of 1.0MM TPA
Stawell Processing Facility
• Produced 73,000 oz Au in 2012
• Confirmed opportunity to economically treat
historical surface stockpile until mid 2014
• Decision to ramp-down underground mining
activities by mid 2013
Next Steps
• Exploring opportunities within the existing
mining lease
• Engagement with local stakeholders and
community Stawell 2012 Performance
Ore Milled (Tonnes) 850,017
Average Grade (g/t Au) 3.06
Recovery(%) 86.1
Gold Produced (Ounces) 72,602
Gold Sold (Ounces) 74,552

10. 10
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11. 11
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12. 12
South
Gandy’s
Big Hill Pit
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Stawell Mill
Big Hill Project

13. 13
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
-$20,000,000
-$10,000,000
$-
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013
Ounces
US$
Crocodile Gold Operational Cash Flow*
Cash flow from Operations Gold Produced
•
•
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•
*Working capital adjustments have been excluded for comparability purposes

14. 14
• C$34.5 million of unsecured 8% convertible debentures were issued for net proceeds
of C$31 million
• Cash raised will be used to fund Exploration Projects and General Corporate Expenses
• Debentures are trading on the secondary market under the symbol CRK.DB
Debt—Credit Suisse Credit Facility
• Unwound gold swap (hedge) position in
April 2013
• Net proceeds of A$57.8 million were used
to pay off outstanding credit facility
• Remaining A$11.5 million debt to be
repaid in 18 monthly installment of
$630,000 from April 2013 to October 2014
$1,150
$1,200
$1,250
$1,300
$1,350
$1,400
$1,450
$1,500
$1,550
$1,600
Gold Price (AUD)
April 16, 2013: CRK Unwinds Gold Swap

15. 15
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$0.00
$0.05
$0.10
$0.15
$0.20
$0.25
$0.30
$0.35
$0.40
$0.45

16. 16
Add bullets
$52.70
$25.61
$0.00
$50.00
$100.00
$150.00
$200.00
TGZ OGC EDV RSG BAA Median GSC JAG SBM ORA CRK
1.0x
0.8x 0.8x 0.8x 0.7x 0.7x
0.6x
0.6x
0.3x 0.3x
RSG TGZ OGC SBM GSC JAG EDV BAA ORA CRK
•
•

17. 17*Please refer to cautionary language on page 3 of this presentation
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18. 18
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19. 19

20. 20

21. 21