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An announcement from First AU Ltd. ( (AU:FAU) ) is now available.
First Au Limited has successfully completed an infill drilling program at its Gimlet Gold Project in Western Australia, comprising over 4,000 meters of reverse circulation drilling. This effort aims to upgrade the resource classification from Inferred to Indicated, enhancing confidence in the high-grade 120,000-ounce gold resource. The collected samples are set for expedited lab analysis, which will contribute to a refreshed Resource Estimate and potentially support future mining studies.
More about First AU Ltd.
First Au Limited is a company operating in the mining industry, primarily focused on gold exploration and development. The company is engaged in projects located in the Kalgoorlie region of Western Australia, which is known for its rich gold deposits.
Average Trading Volume: 12,926,993
Technical Sentiment Signal: Sell
Current Market Cap: A$18.35M
For a thorough assessment of FAU stock, go to TipRanks’ Stock Analysis page.