Liongold Corp

Overview

LionGold Corp is Singapore's first Main Board-listed gold company. The Group has rapidly established itself in the global gold mining industry. Since March 2012, controlling interest in five gold exploration and mining companies has been acquired, two of which are in production. Primary concessions are in Australia, Ghana and Bolivia and collectively hold 5.5 million ounces of gold resources, of which nearly 900,000 ounces are classified as reserves. Future expansion will be achieved through further acquisitions and organic growth.

The Group aims to become a global gold producer and is initially targeting minimum gold resources of 10 million ounces, reserves of 2 million ounces and annual production of 200,000 ounces by 2014. Acquisition prospects will have scalable resources with scope for rapid enhancement. Targets include mining companies and projects in an advanced stage of development or a nascent stage of production across a range of geographies. The intention behind this selective approach is to unlock asset value while building out the gold business.

Developments

Since changing its core business to gold mining, development and exploration in March 2012, LionGold Corp has completed the following acquisitions:

LionGold has also acquired an 18% strategic stake in Citigold Corporation Ltd with gold mining operations in Queensland, Australia, and more recently, a 9.35% stake in Acadian Mining Corporation Ltd with gold assets in Nova Scotia, Canada, and a 13% stake in Unity Mining Limited with primary gold assets in Tasmania and New South Wales, Australia.

History

LionGold Corp Ltd changed its core business to gold mining following the appointment of several new directors and a change in substantial shareholders in 2011. Thereafter, the Group embarked on an initial acquisition strategy to establish the gold business, and the official name was changed from The Think Environmental Company Limited (TTEC). Divestment of non-core assets in the historic renewable energy and office equipment manufacture is ongoing.

Factsheet