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First AU Ltd. ( (AU:FAU) ) has issued an update.
Pacific Resources Limited has initiated a 19-month exclusive option period to acquire the Eastern Victorian Goldfield Project from First Au Ltd, which includes the renewal of a key exploration license. This project, located in East Gippsland, Victoria, is rich in gold, base metals, and critical minerals, and its acquisition will strategically enhance Pacific Resources’ existing portfolio. The company has paid an option fee in cash and shares, and the project is expected to complement its current assets, offering significant exploration opportunities in an established minerals precinct.
The most recent analyst rating on (AU:FAU) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on First AU Ltd. stock, see the AU:FAU Stock Forecast page.
More about First AU Ltd.
Pacific Resources Limited (ASX: PXR) is a company involved in the exploration and development of mineral resources. Its primary focus is on gold, base metals, and critical minerals, with existing projects such as the Sulphide Creek Gold-Antimony Project and the Mersey VMS Base Metals and Gold Project in Tasmania, and the Blackall Coal Project in Queensland.
Average Trading Volume: 12,926,993
Technical Sentiment Signal: Sell
Current Market Cap: A$20.97M
See more insights into FAU stock on TipRanks’ Stock Analysis page.