News Column

Crusader Appoints EAS Advisors, LLC

August 14, 2014

ENP Newswire - 14 August 2014

Release date- 13082014 - Crusader Resources Limited (ASX: CAS) is pleased to announce that it has retained EAS Advisors LLC, a New York based investment advisory firm specialising in advising and financing companies in the natural resource and commodity space.

EAS has been appointed to assist Crusader in communicating its business plan and corporate strategy to both retail and institutional investors in the US. Crusader executive director, Paul Stephen, said, 'Crusader's activities in Brazil are increasingly attracting the attention of North American investors. We are seeing a noticeable increase in the level of enquiry from North American based funds looking for opportunities to invest into Brazil enterprise. EAS Advisors will give Crusader a much louder voice in this market place.'

About EAS Advisors, LLC

EAS Advisors, LLC is a New York based, boutique investment advisory firm providing services to natural resource and commodity sector companies. EAS's business is built on knowledge, capital markets insight and access to a deep pool of both traditional and non-traditional sources of capital. EAS Advisors was founded in 2008 and, since inception, has participated in over $4 billion of successful transactions.

Edward A. Sugar, Principal of EAS Advisors, said: 'We are very pleased and excited to be working with Crusader Resources and assisting the company in executing its business plan and communicating that plan to the US market. We look forward to working with Crusader and its management team to assist the company in achieving its stated goals of the discovery, acquisition and development of mineral projects in Brazil.'

As part of EAS's compensation Crusader has granted 2,500,000 options to EAS to purchase ordinary shares of the company subject to the following terms:

the exercise price of 500,000 options shall be A$0.50 per fully paid ordinary share;

the exercise price of 1,000,000 options shall be A$0.60 per fully paid ordinary share and

the exercise price of 1,000,000 options shall be A$0.80 per fully paid ordinary share and shall only vest and be exercisable once certain performance goals are achieved by EAS within 12 months after commencement of the EAS Agreement.


Mr. Rob Smakman

Managing Director

Crusader Resources Limited

Tel: +55 31 2515 0740


Mr. Paul Stephen

Executive Director

Crusader Resources Limited

Tel: +61 8 9320 7500


Mr. Ian Howarth

Media Relations

Collins Street Media

Mobile: +61 407 822 319


About Crusader

Crusader Resources Limited (ASX: CAS) is a minerals exploration and mining company listed on the Australian Securities Exchange. Its major focus is Brazil; a country Crusader believes is vastly underexplored and which offers high potential for the discovery of world class mineral deposits.

Crusader has three key assets:

Posse Iron Ore

The Posse Iron Ore Mine is located 30km from Belo Horizonte, a city acknowledged as the mining capital of Brazil and the capital of Minas Gerais state. The project had an indicated and inferred Mineral Resource estimate of 36Mt @ 43.5% Fe when mining began in March 2013.

Posse is currently selling DSO into the domestic market and has been cash flow positive since the July 2013.

With an experienced mining workforce amongst a population of over 2.3 million people, the infrastructure and access to the domestic steel market around the Posse Project is excellent. Drilling and expansion studies are currently underway.

Borborema Gold

The Borborema Gold Project is in the Serido area of the Borborema province in north-eastern Brazil. It is 100% owned by Crusader and consists of three mining leases covering a total area of 29 km-2 including freehold title over the main prospect area.

The Borborema Gold Project benefits from a favourable taxation regime, existing on-site facilities and excellent infrastructure such as buildings, grid power, water, sealed roads and is close to major cities and regional centres. The project's Maiden Ore Reserve was announced in November 2012. Proven and Probable Ore Reserves of 1.61Moz of mineable gold from 42.4Mt @ 1.18g/t (0.4 & 0.5g/t cut-offs for oxide & fresh).

The measured, indicated and inferred Mineral Resource Estimate of 2.43Moz @ 1.10g/t gold, remains open in all directions.

A Pre-Feasibility Study (PFS), completed in September 2011, into the economic and technical merits of the Borborema Gold Project, revealed a robust investment case based on an open cut mine development of 3Mtpa. A Bankable Feasibility Study is underway.

Juruena Gold

The Juruena Gold Project represents an exciting exploration opportunity, with multiple high-grade targets, within giant gold in-soil anomalies. The project is located in the highly prospective Juruena-Alta Floresta Gold Belt, which stretches east-west for >400km and has historically produced more than 7Moz of gold from 40 known gold deposits.

The Juruena Project has been worked extensively by artisanal miners (garimpeiros) since the 1980s, producing 500koz in that time. Historically there is a database of more than 30,000 meters of drilling and extensive geological data. Crusader acquired the project in mid-2014 and is fully funded to complete a drilling program capable of defining a maiden resource.

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Source: ENP Newswire

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