ILO Exchange

Your Details

1 Citigold licence(s) $1000

Your personal data will be used to process your order, support your experience throughout this website, and for other purposes described in our privacy policy.

I have read and agree to the buyer terms and conditions.



ILO Price







Citigold Corporation Limited



Citigold Corporation is an Australian gold mining company operating on Australia's highest-grade major goldfield at Charters Towers in north eastern Australia, with goal to increase its size and valuation over the next few years. Citigold is a growth company that aims to have a growing cash flow from gold mining operations and the huge capital growth upside of an exploration company. Our Charters Towers goldfield is the largest major high grade gold deposit in Australia.

Citigold Corporation is an Australian gold developer with a clear strategic plan to grow Citigold into a world class integrated gold company by:

Our Charters Towers goldfield is the largest major high-grade gold deposit in Australia. Citigold is the owner and operator of 100% of the goldfield.

Defined gold resources are 11,000,000 ounces (342 tonnes) of gold - JORC compliant. High-grade gold deposit contained 25 million tonnes of mineralisation at an average grade of 14 grams of gold per tonne. Defined gold reserves of 620,000 ounces of gold.

Expanding the gold resource. Growing gold production initially to 220,000 ounces per year.

Cash mining cost estimated to be under A$400 per ounce at full production. Mine life estimated at over 30 years based on size of gold deposit.

Citigold will build and install a 30 megawatt solar farm and sub station to supplement the power to the mine. Increase to 50 megawatts if required. Surplus power will be fed into the grid.

Capital invested to date over A$200 million. Additional new external capital required to reach initial stage production rate of over 220,000 ozs/year estimated at $60 million. Balance of growth may be internally funded from cash flow depending on rate of growth.

No gold has been forward sold, so no hedging risk.

Royalty payments 12% in first royalty year then 10% thereafter.

GREENSHEET | The Numbers


ILO Units in Total Issue





Citigold Corporation Limited Revenues

Our projected revenues are as follows:

Royalty Pot

1st March 2019 onwards : 12%

1st March 2019

Solar Power Commissioned

Commission the Solar to power the mine

31st January 2020

Fully powered extraction commences

Solar power running 24/7 - extraction and processing can begin.


DOCUMENTS | Read more

CONTACT | Citigold Corporation Limited

Citigold Corporation Limited

86 Brookes Street, Fortitude Valley QLD 4006