Citigold Corporation Limited (CTO) 2024年年度报告「ASX」.pdf

1、2024ANNUALREPORTRESTARTING A WORLD CLASS GOLD MINE2024 ANNUAL REPORT 2CITIGOLD CORPORATION LIMITED (ASX:CTO)BUSINESS OVERVIEWCitigold Corporation Limited(Citigold)is an Australian gold development and exploration company,operating on the high-grade Charters Towers Goldfield in north-east,Queensland

2、Australia.The Companys prime focus is the“Gold Mine Restart”for its Charters Towers Gold Project.The Company continues to advance its core activities including,but not limited to broad regional exploration programs,geology,mine design and engineering.The project comprises the 14 million ounces gold

3、deposit,with an Inferred Mineral Resource of 32 million tonnes at 14 grams per tonne of gold and 620,000 ounces of gold in the Probable Ore Reserve(2.5 Mt 7.7 g/t Au at a 4 g/t cut-off).See ASX announcement dated 9 December 2020 Mineral Resources and Ore Reserves 2020.The Charters Towers Gold Projec

4、t is one of Australias largest high-grade pure gold deposits,large enough to sustain long-term gold production once new mining begins.Citigold has already invested over$300 million in acquiring the gold deposit,developing the infrastructure and test mining at Charters Towers,producing over 100,000 o

5、unces of gold.See ASX announcement dated 9 December 2020 Mineral Resources and Ore Reserves 2020.The Company is further seeking to raise the required capital funding to complete the underground capital works to commercialise its gold deposit.The Charters Towers gold deposit is large and forecasts sh

6、ow that it has the potential to generate substantial positive cash flows for decades.This will help generate returns for all shareholders over time.CONTENTSBusiness Overview 2Contents 2Chairmans Letter 4Charters Towers Gold Project-Central Mine 5Review Of Operations 6JORC Checklist 14Directors Repor