Crescent Gold Limited reported earnings results for six months ended December 31, 2009. For the period the company reported profit of 989,000. It achieved a milestone event with the commencement of ore processing at Barrick's Granny Smith Mill (BGSM). The first 50-day processing campaign in the two-year Ore Purchase Agreement (OPA) was completed on 28th November 2009. The total production resulting from the ore sold to Barrick in the first campaign was 27,251 ounces gold and 3,727 ounces silver (attributable to Barrick). The first campaign's equivalent cash costs (C1 unaudited) of AUD 841/oz came in slightly below the long term forecast of AUD 850/oz.

Crescent Gold Limited announced that it has successfully completed a second 50 day processing campaign through the Barrick Granny Smith Mill (BGSM) in which 22,658 ounces of gold and 7,707 ounces of silver were produced via an Ore Processing Agreement (OPA) between Crescent's Laverton Gold Operations and Barrick, near Laverton in WA (27,251 ounces were produced in the first campaign).

Crescent Gold Limited announced uranium assay results from its Sturt Project tenements centred on Moomba in north eastern South Australia. The results are based on drill core samples obtained from the Project's first cored holes. Maximum values were: 1,625 ppm U3O8 over a 7.5cm interval - Big Lake 20 Prospect; 864 ppm U3O8 over a 10cm interval - Big Lake 28 Prospect. Complete cores were obtained through the mineralised intervals providing high-quality samples which were assayed using pressed powder XRF by Genalysis Laboratories. The uranium mineralisation at both localities has been found to occur in dark clays directly underlying oxidised channel sands. One core hole has been drilled at each of these prospects with the following encouraging results: Big Lake 20 Locality: Core hole BLD084 - a twin of rotary mud hole BL064; 1,652ppm U3O8 over 7.5cm, within a zone of 329ppm U3O8 from 87.0 - 87.4 metres. Big Lake 28 Locality; Core hole BLD085 - a twin of rotary mud hole BL080; 864ppm U3O8 over 10cm, within a zone of 247ppm U3O8 from 105.7 - 106.1 metres. The company is targeting channel sand-hosted uranium in the upper Tertiary age Namba Formation as an analogue of discoveries elsewhere in the Lake Eyre Basin at the Beverley, Four Mile and Honeymoon. The company is also targeting the discovery of extensive solution-front uranium mineralisation in the lower Tertiary age Eyre Formation as an analogue of the world's largest sandstone hosted uranium deposits, found in Kazakhstan, central Asia.