Hmmmm....interesting development down the road, just when - "Laneway have received several offers for potential toll treatment of the Agate Creek ore which are currently being reviewed."
"8 December 2017: Brisbane, Australia – Citigold Corporation Limited (“Citigold” or “Company”) (ASX:CTO) hereby announces that it has sold it’s Black Jack gold process plant, including the direct associated mining leases, at Charters Towers for $12 million to Maroon Gold Pty Ltd (Maroon), of Western Australia.
The plant will be used to process ores from the region as a centralised toll processor, including Citigold’s ore.
The entities backing the private company Maroon are experienced miners and plant operators, having operated in Western Australia, Northern Territory and Queensland.
In the Charters Towers greater regional area there are several gold deposits that are suitable to feed a centralised plant. The process plant operation Citigold built was laid out and took into consideration the potential to be expanded should the opportunity require."
LNY Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
