First Au Limited (ASX:FAU)

ALERT: Price-sensitive ASX Announcement for FAU

Current share price for FAU : $0.007 -0.003 (-30%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

28 Apr 2026 9:45AM

Price at Release

$0.010

Full Release

Summary

First Au Limited (ASX: FAU) announced significant updates regarding its Gimlet Gold Project, located near Kalgoorlie in Western Australia. The updated JORC Mineral Resource Estimate for the Gimlet Project now stands at 1.58 million tonnes at 2.22 g/t Au for 112,900 ounces, with 62% reclassified as Indicated. This upgrade follows recent infill RC drilling aimed at improving geological confidence and continuity. The company plans to advance technical studies and assess development pathways, including potential third-party processing options in the Kalgoorlie region. Additionally, the company released its Quarterly Activities/Appendix 5B Cash Flow Report for the quarter ended 31 March 2026, highlighting exploration and administration costs without significant revenue from operations.

Key Points

Updated JORC Mineral Resource Estimate for the Gimlet Project.
62% of the resource now classified as Indicated, up from 100% Inferred.
Infill RC drilling improved geological confidence and continuity.
Potential pathways include low-capex development and third-party processing.
Quarterly Activities/Appendix 5B Cash Flow Report released.
Appendix 5B shows payments for exploration and administration costs.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.