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First AU Ltd. ( (AU:FAU) ) has issued an announcement.
First Au has reported an updated JORC Mineral Resource Estimate for its Gimlet Gold Project of 1.58 million tonnes at 2.22 grams per tonne gold for 112,900 ounces, using a 0.5 grams per tonne cut-off grade. Crucially, 62% of this resource, or 70,400 ounces, has been upgraded to the Indicated category from entirely Inferred, reflecting higher confidence in the deposit.
The upgrade follows recent infill reverse circulation drilling completed between 2025 and 2026, which delivered several high-grade intercepts and confirmed strong grade continuity within the mineralised system. With a larger Indicated component and proximity to several third-party processing facilities around Kalgoorlie, the company is now advancing scoping-level technical, environmental and development studies to assess near-term mining and processing pathways for Gimlet.
More about First AU Ltd.
First Au Limited is an ASX-listed gold exploration and development company focused on its 100%-owned Gimlet Gold Project in Western Australia’s Eastern Goldfields. The project lies 15 kilometres northwest of Kalgoorlie, within a 10 square kilometre tenement package and trucking distance of multiple operating gold mills, supporting potential low-capex, toll-treatment development options.
Average Trading Volume: 9,452,522
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$36.05M
Find detailed analytics on FAU stock on TipRanks’ Stock Analysis page.