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First AU Ltd. ( (AU:FAU) ) has provided an announcement.
First Au Limited has launched its first-ever diamond drilling program at the Nimba Gold Project in Liberia, marking a strategic entry into the West African Birimian greenstone belt. The company has signed a 3,000-meter diamond drilling contract with Hit N Drill Ltd, securing long-term ownership of a drill rig, which positions FAU for cost-effective exploration and flexibility in its African portfolio. This initiative aims to target high-priority gold zones and could significantly enhance FAU’s position in the global gold market.
More about First AU Ltd.
First Au Limited (FAU) operates in the mining industry, focusing on gold exploration and discovery. The company is engaged in advancing its projects in West Africa, particularly within the Birimian greenstone belt, known for its prolific gold resources.
Current Market Cap: A$6.23M
See more insights into FAU stock on TipRanks’ Stock Analysis page.