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First AU Ltd. ( (AU:FAU) ) just unveiled an update.
First Au Limited has announced its acquisition of the remaining 20% interest in the Victorian Goldfields Project, securing full ownership of its flagship gold asset. This move allows the company to concentrate on high-potential targets within a prolific gold belt known for high-grade mineralization. Additionally, the company has divested its non-core East Victoria Goldfields assets, resulting in net cash proceeds of $250,000. These strategic transactions are part of First Au’s portfolio rationalization, enhancing its focus on priority assets while improving its financial position.
More about First AU Ltd.
First Au Limited is a company operating in the gold exploration industry, focusing on the exploration and evaluation of gold projects. Its primary market focus is on the Victorian Goldfields, with significant interests in other gold exploration opportunities in Australia.
Current Market Cap: A$5.18M
See more data about FAU stock on TipRanks’ Stock Analysis page.