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Citigold Corporation Limited (ASX:CTO)

ALERT: Price-sensitive ASX Announcement for CTO
Current share price for CTO : $0.016 0.012 (300%)+
Announcement
Release
30 Jul 2025 11:09AM
Price at Release
$0.004
Full Release
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Summary
The Quarterly Activities Report and Appendix 5B released by Citigold Corporation Limited for the quarter ended 31 March 2023 provides an overview of key activities and financials. The report details progress towards resuming gold mining operations at the Charters Towers Project, including activities such as updating mine development plans, ongoing safety and environmental preparations, and discussions with potential investors and partners. The company continues to focus on cost management and securing additional funding. The Appendix 5B cash flow report highlights the company’s financial position, with expenditure related mainly to exploration and evaluation activities. The report also discusses risks, outlook, and corporate developments relevant to the quarter.
Key Points
  • Citigold continues progressing towards recommencement of gold production at the Charters Towers Project.
  • The company updated mine development plans and is preparing for safe and environmentally compliant mining.
  • Engagements with potential investors and partners are ongoing to support project funding.
  • Cost management remains a focus, with efforts to minimize expenditure while advancing the project.
  • Appendix 5B shows cash outflows primarily for exploration and evaluation during the quarter.
  • The company is seeking additional funding to support future operations.
  • There were no mining production or sales during the quarter.
  • The report discusses risks related to funding, operations, and market conditions.
  • Citigold remains optimistic about future production and value creation for shareholders.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.