ASX ANNOUNCEMENT
2 February 2022
Half Year Report 31 December 2021
Citigold Corporation Limited (“Citigold” or “Company”) (ASX:CTO) hereby announces the Half
Year Financial Report for the period ending 31 December 2021.
Net assets at 31 December 2021 are $101 million and net loss was $1,094,306.
Financing discussions, to enable the transition to gold production, have progressed and
at this time we reasonably expect they may be in place by end of March 2022 Quarter.
Design and strategies for the Central Mine continued to be refined.
Restart strategy is in place utilising ultra-low cost mining plan.
Ongoing regional exploration sampling highlights additional anomalous gold results
indicating potential for new undiscovered mineralised bodies (For full details see ASX
announcement dated 12 November 2021, Exploration highlights area to the north of Charters Towers).
How many times we have had previously noticed similar comments as above highlighted in bold & underlined? I say to the board "grow up" be mature and report the facts for once!
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