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First Au Limited (ASX:FAU)

ALERT: Price-sensitive ASX Announcement for FAU
Current share price for FAU : $0.175 0.164 (1,490.91%)+
Announcement
Release
30 Apr 2026 9:17AM
Price at Release
$0.011
Full Release
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Summary
First Au Limited announced a strategic agreement with Newcam Minerals Pty Ltd to conduct environmental baseline and scoping level technical studies at the Gimlet Gold Project near Kalgoorlie, Western Australia. The project involves scoping high-level technical studies, including metallurgical, mining planning, and geotechnical studies, while commencing environmental baseline work to support future development. The estimated costs of the study, approximately A$750,000, will be paid in FAU shares, allowing the company to preserve cash. The project's updated mineral resource is reported to be 1.58 million tonnes at 2.22 g/t Au for 112,900 ounces, with 62% classified as Indicated.
Key Points
  • FAU enters an agreement with Newcam Minerals for Gimlet Gold Project.
  • Scoping studies include metallurgical and mining planning.
  • Environmental baseline work will support future development.
  • Estimated study costs of A$750,000 paid in FAU shares.
  • Gimlet's resource is 1.58 Mt at 2.22 g/t Au for 112,900 ounces.
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.