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First Au Limited (ASX:FAU)

ALERT: Price-sensitive ASX Announcement for FAU
Current share price for FAU : $0.007 -0.003 (-26.32%)+
Announcement
Release
18 May 2026 9:49AM
Price at Release
$0.010
Full Release
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Summary
MB Gold Limited announced the completion of a heritage survey at their Razorback Prospect, part of the Marble Bar Gold Project in Western Australia, conducted in collaboration with the Nyamal Traditional Owners. The company also reached an agreement with First Au Limited to terminate a 0.75% net smelter royalty over several tenements, in exchange for MB Gold shares valued at A$50,000. The heritage survey is a step forward for MB Gold's Phase 2 drilling program scheduled for later in 2026, further supporting exploration efforts in a region with high gold potential.
Key Points
  • Heritage survey completed at the Razorback Prospect.
  • Survey conducted by Nyamal Traditional Owners.
  • 0.75% NSR over certain tenements terminated.
  • MB Gold to issue shares valued at A$50,000 to First Au.
  • Logan Barber commented on the heritage survey completion.
  • Phase 2 drilling program planned for August/September 2026.
  • Razorback Prospect part of Marble Bar Gold Project.
  • MB Gold's Marble Bar Gold Project has significant gold potential.
  • MB Gold benefits from excellent infrastructure and accessibility.
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.