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First Au Limited (ASX:FAU)

ALERT: Price-sensitive ASX Announcement for FAU
Current share price for FAU : $0.007 0.001 (16.67%)+
Announcement
Release
28 Jul 2026 8:56AM
Price at Release
$0.006
Full Release
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Summary
First Au Limited (ASX: FAU) reported significant progress in their quarterly activities for the period ending 30 June 2026. The company completed the acquisition of the Riverina East Gold Project, expanding its Western Australian gold portfolio significantly. The Gimlet Gold Project saw a major resource upgrade with 62% now classified as indicated, advancing towards development. The company committed to environmental baseline and scoping level technical studies for Gimlet and continued its strategic consolidation of mineral licences in the Kalgoorlie and Leonora regions, acquiring 20 new licences. Financially, First Au ended the quarter with $4.19 million in cash, reflecting a net cash outflow from operating activities largely due to exploration, evaluation, and administrative costs.
Key Points
  • Acquisition of Riverina East Gold Project, expanding WA portfolio.
  • 62% of Gimlet Resource upgraded to indicated category.
  • Commitment to environmental and technical studies for Gimlet.
  • Acquisition of 20 mineral licences in Kalgoorlie and Leonora regions.
  • Quarter ended with $4.19 million in cash.
  • Net cash outflow due to exploration and administrative expenses.
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.