LionGold Corp Limited has been steadily acquiring gold mining assets and establishing itself in the gold mining industry since March 2012. Its primary concessions are in Australia and Ghana.
The Group’s wholly owned Castlemaine Goldfields in Australia produced approximately 45,000 ounces of gold in FY2015, contributing to S$73 million in revenue.
LionGold Corp’s acquisitions include:
|Castlemaine Goldfields (100%)||Central Victoria, Australia|
|Signature Metals (77%)||Ashanti Gold Belt, Ghana|
LionGold Corp 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 is ongoing.