Citigold (CRYPTO: CTO) — Company Overview, News & Financial Data
Citigold is an Australian gold exploration and development company focused on restarting the high-grade Charters Towers Goldfield project in northern Queensland, Australia.
Citigold
Citigold is an Australian gold exploration and development company focused on restarting the high-grade Charters Towers Goldfield project in northern Queensland, Australia. The company controls mineral tenure covering approximately 17,500 hectares encompassing historical underground gold production reefs. Citigold aims to re-establish commercial underground mining operations utilizing existing decline access infrastructure, including a 1,400-metre-long access tunnel, to target high-grade lode gold deposits. Its technical strategy emphasizes keyhole mining techniques, minimalist surface disturbance, and automated processing systems to extract ore without cyanide tailings dams. Citigold manages exploration, mineral resource estimation, feasibility planning, and site care and maintenance.
Snapshot
Operations
Products and/or services of Citigold
- Underground Gold Extraction: Development and planned restart of underground gold mining across high-grade lode reefs in northern Queensland, utilizing keyhole mining methods and an existing 1,400-metre access tunnel to reach gold reserves located 200 metres below surface.
- Gold Resource Exploration & Drilling: Regional exploration and delineation drilling across 17,500 hectares of mineral tenure, utilizing geophysics, 3D structural geology modeling, and core sampling to upgrade inferred gold mineral resources into higher-confidence mineable ore reserves.
- Ore Processing & Metallurgy: Processing operations designed to extract high-purity gold bars from mined ore using non-cyanide recovery systems, avoiding tailings dams while recycling mine water to minimize environmental impact during processing and refining activities.
- Site Infrastructure & Maintenance: Care, maintenance, and ongoing technical management of existing surface and underground facilities, including mine water pumping, water recycling systems, ventilation, road networks, and engineering infrastructure across historical mining tenements in Queensland.
- Environmental Management & Rehabilitation: Environmental stewardship initiatives focused on progressive land rehabilitation, zero-waste repurposing of extracted rock material, minimalist surface disturbance, and whole-of-mine environmental monitoring in coordination with local regional guidelines and state regulatory authorities.
- Mine Automation & Systems Innovation: Engineering and implementation of digital mining technologies, cloud network infrastructure, and automated system integration designed to enable remote and autonomous underground extraction operations in high-hazard areas to improve operational safety and efficiency.
Citigold executive team
- Mr. Mark James Lynch FAICD, MAusIMMExecutive Chairman
- Mr. Greg HardingChief Financial Officer
- Mr. Niall Nand CPAGM of Corporate & Company Secretary
- Mr. Christopher Alan John Towsey BSc (Hons), CP(Geo), DipEd, FAusIMM, MMICA &, MScTechnical Consultant