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First AU Ltd. ( (AU:FAU) ) has provided an announcement.
First Au Limited has announced a significant drill-for-equity program at its Gimlet Gold Project in Australia, aiming to enhance resource confidence and explore potential extensions. This initiative is expected to support future mining studies and optimize development strategies. Additionally, the company is advancing its Nimba Gold Project in Liberia with its first-ever diamond drilling campaign, marking a strategic entry into the West African gold market. This move positions First Au for cost-effective exploration and potential large-scale discoveries, leveraging the high-grade structural controls typical of the region. The company has also completed a successful two-tranche placement raising $1.56 million to fund these projects and other ongoing activities.
More about First AU Ltd.
First Au Limited (ASX: FAU) is a company operating in the mining industry, primarily focusing on gold exploration and development. The company is engaged in advancing high-grade gold projects and has a strategic presence in both Australia and West Africa, particularly in the Birimian greenstone belt, known for its prolific gold deposits.
Average Trading Volume: 12,926,993
Technical Sentiment Signal: Sell
Current Market Cap: A$23.59M
Find detailed analytics on FAU stock on TipRanks’ Stock Analysis page.