General Search - Enter what you're looking for...
CITIGOLD CORPORATION LIMITED - ASX: CTO
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
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.
Mine For
gold
Location of operation(s)
Queensland
Address
Level 15, IBM Center, 348 Edward St
BRISBANE, QLD, AUSTRALIA
Phone
+61 (0)7 3834 0000
Website
Last Updated
22/12/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
