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.