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Citigold Corporation Limited (ASX:CTO)

ALERT: Price-sensitive ASX Announcement for CTO
Current share price for CTO : $0.014 0.002 (16.67%)+
Announcement
Release
31 Oct 2025 10:25AM
Price at Release
$0.012
Full Release
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Summary
The quarterly activities report from Citigold Corporation Limited for the period ending 30 September 2025 highlights several key areas of focus and development. The company has been working on its Progressive Rehabilitation and Closure Plan (PRCP) for its Charters Towers Gold Project, aligning with Queensland's regulatory requirements. Despite no new exploration drilling during the quarter, Citigold continued with exploration analysis, data maintenance, and tenement optimization. The financials show a net loss of $22.1 million for the year ending in June 2025, a significant increase from the previous year's loss of $2.3 million. The company's net assets were reported at $74.3 million. Operational activities included planning for mining lease production and mine design optimization, while corporate activities focused on shareholder funding and potential partnerships for further mine development. The company's cash flow report indicates financial challenges, with a net cash decrease during the period but still maintaining a funding availability estimated to cover over two quarters.
Key Points
  • Citigold submitted its Progressive Rehabilitation and Closure Plan for regulatory compliance.
  • No new exploration drilling was conducted, but data maintenance and tenement optimization continued.
  • The company reported a net loss of $22.1 million for the year ending June 2025.
  • Net assets were $74.3 million as of 30 June 2025.
  • Operational focus included mine design optimization and production planning.
  • Corporate activities included exploring funding opportunities and potential partnerships.
  • Cash flow challenges were noted, with a decrease but enough funding for over two quarters.
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.