InvestSMART

First Au Limited (ASX:FAU)

ALERT: Price-sensitive ASX Announcement for FAU
Current share price for FAU : $0.175 0.169 (2,816.67%)+
Announcement
Release
24 Aug 2026 8:25AM
Price at Release
$0.006
Full Release
download
Summary
First Au Limited has announced plans to commence a reverse circulation (RC) drilling program at the First Hit Gold Deposit. The focus is on extending the known high-grade mineralisation of the deposit, previously mined by Barra Mining, which produced a notable quantity of gold over a short period. The company aims to establish a maiden Mineral Resource Estimate and advance its Western Australia gold strategy. The project is strategically located near existing mining infrastructure, which enhances its development potential. The drilling program aims to explore down-dip extents and increase data density to support resource estimates. This initiative is part of First Au's broader efforts to validate historical data and further the advancement of the Riverina East Gold Project.
Key Points
  • FirstAu to conduct RC drilling at First Hit Gold Deposit.
  • Focus on extending high-grade mineralisation.
  • First Hit historically mined by Barra Mining.
  • Aim to establish maiden Mineral Resource Estimate.
  • Strategic location near existing infrastructure.
  • Part of broader Riverina East Gold Project efforts.
  • Drilling to target down-dip extensions and increase data density.
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.