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Crescent Gold Limited


CRESCENT GOLD LIMITED is a mining, development and exploration company based in Perth, Western Australia.

With a primary focus on gold development and mining, the Company is actively mining and advancing its flagship project, the Laverton Gold Project - located 250km northeast of Kalgoorlie in Western Australia.

Crescent has a collaborative Ore Purchase Agreement with Barrick Gold Corporation (Barrick) to process its ore through their nearby Granny Smith Mill in Laverton. This agreement has improved economics (unit costs) and operating synergies for both companies.

Crescent commenced mining and haulage operations in August 2009, with the first batch of ore processed at Barrick's Granny Smith Mill on 11 October 2009. The first processing campaign was completed in November 2009.

Crescent is on track to achieve its forecast gold ore sales of >100,000 ounces equivalent per annum for the first 12 months of production by the September quarter 2010. Thereafter, the Company is aiming for 120,000 ounces equivalent per annum.

With Laverton providing Crescent with the prospect of strong and sustainable cash flows, the Company will continue to pursue broader growth opportunities.

On other Company interests, through its 100% owned subsidiary, Crescent Gold continues to expand and advance its uranium exploration portfolio through Joint Venture opportunities, which include projects in South Australia, Queensland and the Northern Territory.   
 

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