Company News: Citigold Corp
Updated: 06 Jun 2011
Citigold Corporation is an Australian gold mining company producing gold from Australia's richest goldfield at Charters Towers in north eastern Australia, with plans to increase its size and valuation over the next few years.
Citigold is a growth company that aims to a growing cash flow from expanding gold mining operations and the huge capital growth upside of an exploration company seeking to define up to 50 million ounces of gold.
The Company has invested over $160 million to develop the goldfield, has commenced commercially extracting gold and plans to build up gold production from its underground mines in stages towards 300,000 ozs annually.
Citigold hold's 100% of the bonanza grade Charters Towers goldfield where a Mineral Resource of 10,000,000 ounces of gold (331 tonnes) at an average grade of 14 g/t gold has been defined and documented, to JORC (Joint Ore Reserves Committee) Code reporting standards.
The JORC Code is a mandatory System for classification of mineral resources and ore reserves for ASX listed companies and is regarded as best practice by the minerals Council of Australia and Securities Institute of Australia.
This gold deposit is currently the largest high grade gold resource in Australia.
Citigold is a growth company that aims to a growing cash flow from expanding gold mining operations and the huge capital growth upside of an exploration company seeking to define up to 50 million ounces of gold.
The Company has invested over $160 million to develop the goldfield, has commenced commercially extracting gold and plans to build up gold production from its underground mines in stages towards 300,000 ozs annually.
Citigold hold's 100% of the bonanza grade Charters Towers goldfield where a Mineral Resource of 10,000,000 ounces of gold (331 tonnes) at an average grade of 14 g/t gold has been defined and documented, to JORC (Joint Ore Reserves Committee) Code reporting standards.
The JORC Code is a mandatory System for classification of mineral resources and ore reserves for ASX listed companies and is regarded as best practice by the minerals Council of Australia and Securities Institute of Australia.
This gold deposit is currently the largest high grade gold resource in Australia.
Business Category Exploration; Mining
Regions of Operation Australasia
Exchange Ticker CTO
Financial Information
Stock Feed
Exchanges listed on ASX
Share Holders
Market Cap
Shares Issued
Level15, IBM Center
- 348 Edward St
- Brisbane
- Qld
- 4000
- Australia
Most Recent Company News
- Citigold funds Charters Towers - 27 Jan 2012 1:19pm
Citigold Corp Ltd has announced the raising of A$50 million (US$52.6 million) to develop its extensive Charters Towers goldfield, holding combined JORC-compliant resources of 10Moz (23Mt of ore at 14g/t). Read more... - Citigold raises A$50 million in Chinese investment for Charters Towers - 23 Jan 2012 2:43pm
ASX-listed gold producer Citigold Corp Ltd has announced the raising of A$50 million (US$52.6 million) to fund development at its Charter Towers goldfield. Read more... - Citigold breathes life into Charters Tower - 03 Jun 2011 10:59am
ASX-listed Citigold Corp Ltd plans to raise up to A$100 million (US$107 million) for development of the Charters Tower gold project in Queensland. Read more...
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