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Citigold Corporation Ltd (Citigold) is an Australian ASX ‘CTO’ stock exchange listed gold company. Citigold’s forecasts high profits from its investment in the 10 million ounce high quality 14 g/t gold deposit. Citigold is a growth company with mining experience at Charters Towers. Citigold’s substantial investment to date is supported by technical research, analysis and financial evaluation.

 


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Citigold has an ambitious plan to grow into a 218,000 ounce (oz) year gold producer underground at Charters Towers. Citigold’s Charters Towers gold and silver deposit is a unique reef system and is one of the highest grade goldfields in Australia. Citigold has major infrastructure and operating cost advantages with its Charters Towers operation. Forward cost estimates indicate that the company could become an internationally competitive ultra-low cost gold producer. Citigold’s forecast gold production ‘all in sustaining costs’ are forecast to be under A$650 per oz.

Large 25 million tonne at 14 g/t gold deposit is JORC compliant, in sheet like fractures, 147 kms of drilling, 1800 holes, 1550 significant drill samples, a 3 metre-grams of gold per tonne resource cut-off, gold starting... More...
Queensland’s high environmental standards and regulations are endorsed by a policy to mine profitably and sustainably without harming community or environment based on an established background of environmental management and community relations. More...
Citigold’s low risk operating cost advantages are strong rock, no earthquakes, no flooding, rich ore, large deposit, trained workforce, industrial supplies plus good infrastructure of grid electricity, water supply, roads, railway, airport, housing, schools and hospitals. More...
Studies indicate Citigold’s overall goldfield has exploration potential of up to 50 million ounces of gold at a grade range of 7 to 14 g/t, depending on width of mineralisation and dilution factors, contained in range of 220 to 110 million tonnes respectively. More...