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First AU Ltd. ( (AU:FAU) ) has provided an announcement.
First Au Limited has announced promising initial assay results from its Nimba Gold Project in Liberia, confirming significant gold mineralization in the first drilled hole, FADD25-001. The results indicate a broad zone of mineralization, with potential for increased grade and width at depth, and similar favorable alterations were found in subsequent holes. The company plans further testing to address variability in gold grades due to the nugget effect, aiming to refine its understanding of the project’s potential.
More about First AU Ltd.
First Au Limited (ASX: FAU) is a company operating in the mining industry, primarily focused on gold exploration and development. The company is engaged in the Nimba Gold Project in Liberia, where it is conducting drilling programs to assess gold mineralization.
Average Trading Volume: 49,461,400
Current Market Cap: A$23.55M
Learn more about FAU stock on TipRanks’ Stock Analysis page.