CITIGOLD CORPORATION IS AN AUSTRALIAN GOLD DEVELOPER
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.
Annual world production of gold is 2500 tons, annual consumption is 4000 tons. Market expectation is the gold price will continue to firm.
Gold Royalty Payments
Possibility of receiving gold at a discount in lieu of cash for the licence royalty payments.
Licences are secured by gold in the ground
For a purchase price of $1000 you get a 3-year license in CitiGold. During that time, we promise to pay a royalty of 12% of all sales (revenue) made by CitiGold Corporation. Our projected revenues are as follows:
CitiGold ILO Value
Further to paying you a royalty, at the end of the 3rd year we can either elect to extend the license for another 3 years, convert it to equity should we advance enough to take a public listing on a stock exchange, or buy the ILO back for cash should we conduct a major financing.
ILO Value is the estimated value of your ILO in USD ($), this is calculated using our projected revenue numbers. Therefore if you our revenue projections are realistic and achievable, this is a good estimation of the buy out price you should expect at different stages.
How we'll do it
To achieve our projected revenue, we have laid out our roadmap including our main goals and milestones over the next 3 years.
Sales team expansion
Citigold Corporation Limited Team.
Mark J Lynch
Actively involved in gold exploration and mining for over 30 years, hands-on experience in the field from pegging mining leases through project permitting and construction onto pouring gold bars. Corporate career covered all aspects of running and financing a public company with a competitive focus on business efficiency, strategic planning and innovation.
Dr Sibasis Acharya
Dr. Acharya’s qualifications include PhD(Metallurgical Engineering), MSc(Chemistry), MTech(Material Science), MBA and an active technical consultant with over 18 years experience in metallurgy, material science and mineral processing across several countries. He brings big picture thinking, while attending to the detail of operational process, to drive managing for results focused innovation.
Mr John Foley
Non Executive Director
Graduating in law from the University of Sydney in 1969, Mr Foley was admitted to practise as a barrister in New South Wales in 1971. He was called to the Irish Bar in 1989 and admitted as a Member of the Honourable Society of Kings’ Inns in Dublin. Mr Foley has over 30 years’ experience in the gold mining industry, has been a guest speaker at the World Gold Council in New York and was a Director of the Australian Gold Council for eight years.
Mr Arun Pachariya
Mr Panchariya is active in private and investment banking fields. He was President of Euram Bank Asia Limited and has since taken his experience to emerging markets worldwide with a focus on Africa. This includes providing formal advice to Governments on infrastructure development, finance, mining and agriculture. He is currently the Consul General of Liberia to Dubai, UAE, the principal of Global Finance & Capital Limited, and a director of Al Brooge Securities LLC, Global Capital Advisors and Cardinal Capital Partners Limited.