Citigold is an Australian gold mining, exploration and development company operating on the high-grade Charters Towers Goldfield in north-east Australia. The Company’s prime focus is the 100% owned Charters Towers Gold Project. The Project comprises of the 14 million ounce gold deposit, with an inferred Mineral Resource of 32 million tonnes at 14 grams per tonne 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). Citigold has invested over $200 million in acquring the gold deposit, building surface and underground infrastructure, permitting and test mining 100,000 ounces of gold. The Charters Towers Gold Project is one of Australia’s largest high grade pure gold deposits.