Citigold Corporation Ltd (Citigold) is engaged in production, development and exploration of the Charters Towers goldfield. The goldfield is located in north east Australia, 1000 kilometers north of Brisbane, Queensland, and 130 kilometres south west from the coastal port of Townsville. Citigold holds 100% of the central goldfield. The Imperial mine including the Warrior and Sons of Freedom reefs, is located about 5 kilometres southeast of Charters Towers. During the fiscal year ended June 30, 2012 (fiscal 2012) the Company�s Mineral Resources are 25 million tons at an average grade of 14 grams per tons, containing 11,000,000 ounces of gold (342 tons), defined to JORC reporting standards. The reserves are 600,000 ounces of gold. During fiscal 2012, the Company�s Gold production is 7,559 ounces. In January 2013, it disposed 9.227% of interest to LionGold Corp Ltd.