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CRUSADER RESOURCES LIMITED

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Update to Strategic Plan 

Crusader Resources (ASX:CAS) (“Crusader” or the “Company”) is pleased to provide an update on its strategy to realise its vision of creating a mid‐tier gold production and exploration Company.


Crusader currently has a portfolio of three highly prospective gold assets in Brazil from early stage through to pre‐development. Longer term, the Company intends to continue to acquire and develop its pipeline of projects through to production and cash flow with the aim of becoming a 150k–200koz Au per annum gold producer across a number of jurisdictions. As well as advancing its own projects, Crusader intends to target growth through acquisition of accretive opportunities which: 

  • Require recapitalisation and funding
  • Provide opportunities to resolve technical or social issues
  • Are near or in‐production gold assets
  • Have AISC < US$850/oz


Our short term strategy is to:

  •  Undertake a dual London AIM listing for the Company in the first two months of 2018
  • Finalise the Bankable Feasibility Study (“BFS”) of Crusader’s flagship Borborema Gold Project (“Borborema”) in H2 2018
  • Submit the Borborema installation licence in Q1 2018 with a decision to mine expected during H2 2018
  • Complete a review of our 100% owned Juruena Gold Project (“Juruena”) and initiate a focused exploration drilling programme aimed at delivering an economic and minable reserve within 18‐24 months
  • Commence an exploration programme over the large and highly prospective early stage Nova Astro Gold Project (“Nova Astro”)
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