Mineral Resources and Ore Reserves remain unchanged during the period with Inferred Mineral Resources of 11 million ounces of gold (25 million tonnes at 14 grams of gold per tonne) and Probable Ore Reserves of 620,000 ounces of gold (2.5 million tonnes at 7.7 grams per tonne gold). For full details see Technical Report 2012.
For full details please read the following Half Year report.
Mark Lynch Executive Chairman
[email protected]
For additional information visit: www.citigold.com
Cautionary Note: This release may contain forward-looking statements that are based upon management's expectations and beliefs in regards to future events. These statements are subject to risk and uncertainties that might be out of the control of Citigold Corporation Limited and may cause actual results to differ from the release. Citigold Corporation Limited takes no responsibility to make changes to these statements to reflect change of events or circumstances after the release.
C I T I G O L D
CORPORATION LIMITED
HALF YEARLY REPORT 31 DECEMBER 2015
Table of Contents
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Directors' report
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2 - 5
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Summary of Tenements
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5
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Auditors' independence declaration
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13
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Consolidated statement of profit or loss and comprehensive income
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14
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Consolidated statement of financial position
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15
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Consolidated statement of changes in equity
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16
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Consolidated statement of cash flow
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17
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Notes to the financial statements
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18-21
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Directors' declaration
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22
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Independent review report
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23
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Corporate Directory
CORPORATE & REGISTERED OFFICE
Citigold Corporation Limited ABN 30 060 397 177
13 / 500 Queen Street, Brisbane, 4000 QLD, Australia Telephone: +61 7 3834 0000
Facsimile: +61 7 3834 0011 Email: [email protected]
CHARTERS TOWERS MINE SITE
Clermont Highway, PO Box 10, Charters Towers, QLD, 4820, Australia T: +61 7 4787 8300 F: +61 7 4787 8600
Web: www.citigold.com
DIRECTORS
Mark Lynch (Executive Chairman) John Foley (Non-Executive Director)
Arun Panchariya (Non-Executive Director) Chris Towsey (Executive Director)
COMPANY SECRETARY
Niall Nand
EXCHANGE LISTING
Australia (ASX) Code 'CTO'
SHARE REGISTRY
Computershare Investor Services 117 Victoria Street,
West End, QLD 4000 Telephone: 1300 850 505
AUDITOR
KS Black & Co ABN 48 117 620 556
6 / 350 Kent Street
Sydney NSW 2000
BANK
Westpac Banking Corporation Limited
Citigold Corporation Limited Consolidated Group - 31 December 2015 Page 1 of 23
DIRECTORS' REPORT
The Directors of Citigold Corporation Limited submit herewith the financial report for the half year ended 31 December 2015. In order to comply with the provisions of the Corporations Act 2001, the directors report as follows:
The names of the directors of the company during or since the half year are:
Mr M Lynch (Executive Chairman) Mr J Foley (Non-Executive Director)
Ms A Panchariya (Non-Executive Director) Mr C Towsey (Executive Director)
Company Secretary:
Mr Niall Nand
REVIEW OF OPERATIONS
Citigold Corporation Limited is an Australian based gold mining, development and exploration company developing and operating Australia's highest grade major goldfield at Charters Towers, Queensland.