Crocodile Gold Files Big Hill Project PEA Technical Report

By Midnight Trader,  February 04, 2013, 09:43:24 AM EDT

Crocodile Gold Corp. (CRK.TO) has filed the National Instrument 43-101 compliant technical report on the Big Hill Development Project, Stawell Gold Mine, Victoria Australia.

The Economic Highlights of the project include:

Net Present Value of A$40.0M using a gold price of A$1,400/ounces and a discount rate of 10%;

Production of 2.3 million tonnes at an average grade of 1.65 g/t Au, recovering over 108,000 ounces of gold;

Project duration of four to five years, including a planned rehabilitation program;

Stripping ratio of 3.2 to 1;

Upfront capital requirement of A$17MM;

The creation of 80-100 jobs for the Stawell Region.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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