🕐15.11.10 - 00:27 Uhr

Citigold [ASX:CTO] - Citigold enters $30 million JV with Anhui Geology and Mining Investment China



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Citigold [ASX:CTO] - Citigold enters $30 million JV with Anhui Geology and Mining Investment China

Citigold Corporation Limited (Citigold) (ASX:CTO, FSE:CHP) announces that the Company has entered into an important binding agreement with Anhui Geology and Mining Investment Co.

Ltd (Anhui), Anhui province China.

The agreement forms an unincorporated joint venture between Anhui and Citigold to explore and develop the large exploration area around the core Charters Towers mining area.

Under this major joint venture farm in agreement Anhui will invest A$30 million over the next 5 years in exploration works it carries out to earn a 50% interest in Citigold�s Charters Towers exploration tenements.

The Mining Area is excluded from the Joint Venture.

The agreement is subject to FIRB approval.

For more details, please see attachment.

For further information, please contact:

Matthew Martin
Company Secretary
Citigold Corporation Limited
Tel: +61 7 3834 0000

Media:
Luke Dean
Fortbridge
Tel: +61 2 9331 0655
Mob: +61 414 535 433



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