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| CEO's Billion Dollar Growth Target. |
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Dear Shareholders,
Together we have grown the Citigold business from an exploration only company in 1993 to the current
position of holding a very valuable gold deposit and a growing cash flow from
gold mining operations. Unlocking the enormous value of the bonanza grade gold assets at Charters Towers for the benefit of shareholders is a key focus of my strategic plan. I believe Citigold has the asset to grow into a market capitalisation of well over A$1 billion as a fully integrated gold company.
We have assembled a core team of leading mining professionals who are technically and practically skilled in our type of geology and mining operations. They are capable of implementing the expansion of the gold mining operations at Charters Towers into a major gold producer.
Our growth will be based around the giant Charters Towers goldfield that my late father, and Citigold Corporation
founder, James Joseph Lynch tirelessly spent 30 years of his life amalgamating into a truly unique asset. An asset now wholly owned by Citigold Corporation.
My focus is to get the strategy right so that you the shareholders receive the long term benefits.
As with any great undertaking there have been hurdles to overcome, but always
learn and move forward. Citigold is emerging as a standout performer with enormous upside ahead.
On a world scale the gold deposit and asset at Charters Towers is truly unique and special.
I understand all aspects of our business and seek to bring into the business
the skilled professionals necessary for growth. My industry experience is hands-on in the field building and operating gold extraction plants and mining operations. I have done most mining jobs from pegging mining leases to pouring gold bars. My involvement in the corporate world spans over 30 years and as a Fellow of The Australian Institute of Company Directors and as a
past Director of the Queensland Resources Council for over 6 years, I stay abreast of
corporate governance and industry trends.
With the vast majority of Australian gold production foreign owned understanding the international marketplace is essential. We are placing your Citigold Corporation firmly on the map in terms of international gold mining stakes.
At an early stage in life gold was the colour I strived for and usually obtained,
in competive sports. These same high goals and the determination to be the best are with me in protecting and growing your gold business. We are striving to be the best at what we do.
2009 was a tough year for our business and therefore we are bringing about positive change to continue business growth.
Mark Lynch
Managing Director & C.E.O.
(Updated January 2010)
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