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Citigold Upholds Non-Material View on Loan Defaults and Lawsuit Amid Funding Efforts

1:32pm on Tuesday 25th of August, 2026 AEST Mining
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Citigold Upholds Non-Material View on Loan Defaults and Lawsuit Amid Funding Efforts

1:32pm on Tuesday 25th of August, 2026 AEST
Key Points
  • Alleged loan defaults and shareholder lawsuit deemed non-material by Citigold
  • Supplier payment made directly by Renaissance LLC for council rates
  • Proposed $4.5 million placement includes $2 million loan repayment
  • Charters Towers project not flooded; dewatering planned for mine restart
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