Maxmising value from the Laverton Project

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Maxmising value from the Laverton Project
July 2004
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Background

• Purchase of Laverton Gold Project in March 2003
• 320 km2 tenements
• 1million metres of drilling data
• 1 Mtpa mill mothballed plus infrastructure

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Crescent Gold Corporate Overview

• 102.3 m shares (35.6m 20c CREO, Nov 2005)
• Market cap A11 m
• Laverton Gold project
• Growing quality ozs, gtA150/oz margin
• Large inferred resource base being updated
• Refurbish, upgrade and de-bottleneck mill
• CRE 20 owned by Directors, management
• www.crescentgold.com

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Crescent Gold Discovering Shareholder Value

• Laverton Gold Project
• Preparing Bankable Feasibility Study (BFS) for
  completion in Q4
• China potential for large discoveries
• Competitive environment, Crescent in for the long
  term
• Use Australian expertise to enhance Chinese
  Projects

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Why invest in Crescent Gold?

• Market Cap A12/oz resource
• Emerging producer
• Laverton great address
• Upside potential
• No Debt
• Currently un-hedged
• Low sovereign risk Australia
• Project team in place

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Laverton Project Team

• Management Bruce Morrin, Steve Craig
• Geologists Andrew Spinks, Nick Revell,
  Belinda Jelliff, Mike Stephenson
• Consultants Rockwater, George Orr and
  Associates, Australian Tailings
  Consultants, Ravensgate, Mining Solutions,
  MBS, Dudley Kingsnorth and Alan Senior
• Alliance partners
• Bemex Corporation, BGC Contracting

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Laverton BFS Well Advanced

• Well Advanced for completion in Q4
• Objectives
• Develop Reserve base to allow for 4 years of
  production at 1.0 Mtpa
• This includes 3 new brownfields and
• 4 existing pit developments
• Initial Production 50,000 ozs pa
• Cash costs - targeting A400 /oz

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Sickle Project Location

• 5 km from plant
• Multiple lode system
• Resource will be drilled to 25 x 25m pattern
• Resource completed Aug 04

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Sickle Laterite, Saprolite and Primary
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Burtville 3D Pit Grade Shells
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Euro Sterling Project
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Sterling 3D Resource Wireframe
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West Laverton
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Burtville 3D Pit with grade shells
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Burtville - Section
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China Focus

• China Projects/JVs
• Xinjiang
• Inner Mongolia
• Project Leaders
• Jens Balkau Chief Geologist
• Steve Boda Project Geologist

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Chinese Projects Watch this space..
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Alteration Zone Chinese Gold Prospect
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Future 2004-05

• Laverton
• Plant Upgrade Refurbishment
• Provide 3-5 yrs mine life
• Net cashflow 5 m pa provides funds for
  continued exploration
• China
• maintain progress regarding JV relationships and
  move toward establishment of business licenses

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