First AU Ltd. (FAU) AI Stock Analysis

• Market Cap: AU$18.35M
• Dividend Yield: N/A
• Average Volume (3M): 13.96M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.29
• Revenue Growth: N/A
• EPS Growth: 42.86%
• Country: AU
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.00
• Shares Outstanding: 2,621,484,600
• 10 Day Avg. Volume: 13,960,731
• 30 Day Avg. Volume: 13,960,731
• PEG Ratio: 0.06
• Price to Book (P/B): 1.49
• Price to Sales (P/S): 46.88
• P/FCF Ratio: -3.50
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 37 Underperform
• Price Target: <AU$0.01 ▼(-10.00% Downside)

First AU Ltd. receives a low overall stock score due to significant financial challenges, including ongoing losses and cash flow issues. The lack of technical analysis data and negative valuation metrics further contribute to the low score. The absence of earnings call insights and corporate events leaves no room for positive adjustments.

Positive Factors

Strategic Partnerships

Strategic partnerships with utility companies and government agencies provide FAU with funding and incentives, supporting growth in renewable energy projects and enhancing market credibility.

Recurring Revenue Model

FAU's recurring revenue model through installation and maintenance services ensures a steady income stream, contributing to long-term financial stability.

Low Leverage

A low debt-to-equity ratio suggests that FAU has minimal leverage, reducing financial risk and providing flexibility for future investments.

Negative Factors

Ongoing Losses

Persistent losses and revenue instability indicate challenges in achieving profitability, which could hinder FAU's ability to invest in growth and innovation.

Negative Cash Flow

Negative operating cash flow suggests that FAU is not generating sufficient cash from operations, potentially impacting its ability to fund operations and growth initiatives.

Negative Profit Margins

Negative profit margins highlight cost challenges and inefficiencies, which could limit FAU's ability to compete effectively and achieve sustainable growth.

First AU Ltd. Business Overview & Revenue Model

Company Description

First Au Limited explores for gold and base metals in Western Australia's Goldfields and Pilbara. It holds 100% interests in the Gimlet gold project located to the north west of Kalgoorlie, Western Australia; the Victoria Gold project; and the Mabel Creek project. The company was formerly known as Public Holdings (Australia) Limited and changed its name to First Au Limited in June 2018. First Au Limited was incorporated in 1960 and is based in Balwyn, Australia.

How the Company Makes Money

FAU generates revenue through multiple streams, primarily by selling its proprietary energy storage systems and solar energy products to residential and commercial customers. The company also offers installation and maintenance services, which create a recurring revenue model. Additionally, FAU benefits from strategic partnerships with utility companies and government agencies, enabling it to access funding and incentives for renewable energy projects. These collaborations not only enhance its credibility in the market but also provide opportunities for growth in emerging markets focused on sustainability.

First AU Ltd. Financial Statement Overview

Summary

First AU Ltd. is facing significant financial challenges across all major financial statements. The income statement reveals ongoing losses and revenue instability, while the balance sheet shows low leverage but poor returns on equity. Cash flow issues further compound the company's financial difficulties, highlighting the need for strategic improvements to achieve financial stability and growth.

Income Statement

First AU Ltd. has experienced significant revenue volatility, with a drastic decline in revenue growth rate and consistently negative profit margins. The gross profit margin has been negative in the most recent year, indicating cost challenges. The net profit margin remains deeply negative, reflecting ongoing losses. Overall, the income statement shows a company struggling with profitability and revenue stability.

Balance Sheet

The company's balance sheet shows a low debt-to-equity ratio, indicating minimal leverage, which is a positive aspect. However, the return on equity is negative, highlighting inefficiencies in generating returns for shareholders. The equity ratio is relatively stable, but the overall financial health is weakened by persistent losses.

Cash Flow

First AU Ltd. has a negative operating cash flow, indicating that the company is not generating sufficient cash from its operations. The free cash flow to net income ratio is stable at 1.0, but this is due to both metrics being negative. The cash flow statement reflects ongoing cash management challenges and the need for improved operational efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	209.16K	69.69K	17.86K	260.62K	81.69K	691.66K
Gross Profit	139.71K	-4.71K	290.28K	260.62K	74.33K	689.39K
EBITDA	-704.45K	-973.90K	-1.83M	-4.01M	-3.87M	-2.38M
Net Income	-709.16K	-978.61K	-1.84M	-3.75M	-3.88M	-2.38M
Balance Sheet
Total Assets	2.50M	2.35M	2.78M	2.82M	5.48M	3.93M
Cash, Cash Equivalents and Short-Term Investments	379.24K	469.85K	737.94K	297.24K	2.94M	1.43M
Total Debt	0.00	9.15K	13.85K	32.92K	26.90K	0.00
Total Liabilities	266.76K	158.96K	211.81K	204.63K	270.15K	473.60K
Stockholders Equity	2.23M	2.19M	2.57M	2.62M	5.21M	3.45M
Cash Flow
Free Cash Flow	-799.70K	-933.59K	-1.56M	-3.28M	-3.95M	-2.41M
Operating Cash Flow	-799.70K	-933.59K	-1.54M	-3.21M	-3.90M	-2.20M
Investing Cash Flow	76.23K	196.23K	367.00K	-65.00K	-57.67K	-203.28K
Financing Cash Flow	882.76K	599.84K	1.69M	842.07K	5.37M	2.48M

First AU Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RR1	70 Outperform	AU$7.87M	-9.09	-6.63%	―	―	-136.67%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CDT	46 Neutral	AU$10.40M	-1.09	-390.08%	―	―	19.94%
KTA	43 Neutral	AU$11.27M	-2.17	-141.03%	―	-100.00%	36.11%
FAU	37 Underperform	AU$18.35M	-25.00	-32.90%	―	―	42.86%

First AU Ltd. Corporate Events

First Au Completes Infill Drilling at Gimlet Gold Project

First Au Limited has successfully completed an infill drilling program at its Gimlet Gold Project in Western Australia, comprising over 4,000 meters of reverse circulation drilling. This effort aims to upgrade the resource classification from Inferred to Indicated, enhancing confidence in the high-grade 120,000-ounce gold resource. The collected samples are set for expedited lab analysis, which will contribute to a refreshed Resource Estimate and potentially support future mining studies.

First AU Ltd. Director Acquires Performance Rights Tied to Strategic Goals

First AU Ltd. has announced a change in Director Daniel Raihani’s interest, with the acquisition of 54 million performance rights. These rights are contingent upon meeting specific performance hurdles, such as achieving certain share price targets and gold resource milestones at the Nimba Gold project. This move is likely to align the director’s interests with the company’s strategic goals and could potentially enhance shareholder value by driving project success.

First AU Limited Announces Director’s Acquisition of Performance Rights

First AU Limited announced a change in the director’s interest, with Lei Shi acquiring 111,000,000 performance rights through Thunderstone Ventures Limited. These performance rights are tied to specific performance hurdles related to share price and gold resource milestones at the Nimba Gold project, which could significantly impact the company’s future operations and market positioning.

First AU Ltd. Announces Director’s Interest Change with Performance Rights

First AU Ltd. has announced a change in the director’s interest, specifically regarding Nicholas Karl Smithson’s holdings. Smithson, who holds 100 million fully paid ordinary shares indirectly through Hamak Strategy Limited, has been granted 16.5 million performance rights. These rights are contingent upon certain performance hurdles related to share price and gold resource targets at the Nimba Gold project. This development could potentially impact the company’s strategic direction and shareholder value, as it aligns executive incentives with performance milestones.

First AU Limited Issues Unquoted Performance Rights to Boost Employee Incentives

First AU Limited has announced the issuance of several classes of unquoted performance rights, totaling 181,500,000 securities, with varying expiry dates in 2028 and 2030. This move is part of an employee incentive scheme, which may impact the company’s operational strategies and stakeholder interests by aligning employee performance with long-term company goals.

First Au Limited Issues Performance Rights to Directors

First Au Limited has issued 181,500,000 performance rights to its directors as part of its remuneration and incentive framework. This initiative aims to align the directors’ interests with those of shareholders and reward the achievement of key performance milestones. The performance rights are tied to specific vesting conditions, including share price targets and resource establishment at the Nimba Gold Project. This move is expected to bolster the company’s long-term success and potentially enhance its market position.

First Au Limited Secures Unanimous Shareholder Approval for Strategic Resolutions

First Au Limited announced that all resolutions proposed at its recent General Meeting were unanimously passed by shareholders. This development signifies strong shareholder support for the company’s strategic initiatives, including the adoption of an employee incentive scheme and the issuance of performance rights and shares to related parties and partners. The approval of these resolutions is expected to bolster First AU’s operational capabilities and enhance its strategic positioning in the gold and base metals exploration industry.

First Au Limited Advances Gold Projects with Strategic Drilling Initiatives

First Au Limited has announced a significant drill-for-equity program at its Gimlet Gold Project in Australia, aiming to enhance resource confidence and explore potential extensions. This initiative is expected to support future mining studies and optimize development strategies. Additionally, the company is advancing its Nimba Gold Project in Liberia with its first-ever diamond drilling campaign, marking a strategic entry into the West African gold market. This move positions First Au for cost-effective exploration and potential large-scale discoveries, leveraging the high-grade structural controls typical of the region. The company has also completed a successful two-tranche placement raising $1.56 million to fund these projects and other ongoing activities.

First Au Limited to Divest Eastern Victorian Goldfield Project

First Au Limited has entered into a binding Heads of Agreement with AustChina Holdings Limited to divest its Eastern Victorian Goldfield Project. The agreement allows AustChina an exclusive option to acquire the project, enabling First Au to unlock value from non-core assets and focus on its key projects in Liberia and Western Australia. This transaction provides First Au with non-dilutionary funding and retains potential upside exposure through equity in AustChina, potentially benefiting stakeholders by focusing resources on more strategic assets.

AustChina Secures Option for Strategic Mineral Acquisition in Victoria

AustChina Holdings Limited has entered into a Heads of Agreement with First Au Ltd for an option to acquire the Eastern Victorian Goldfield Project, which is rich in gold, base metals, and critical minerals. This strategic move, pending the exercise of the option, would enhance AustChina’s portfolio by adding significant mineral prospects in Victoria, complementing its existing projects in Tasmania and Queensland.

First AU Limited Issues Shares and Options for Strategic Project Advancement

First AU Limited has issued 5,000,000 fully paid ordinary shares and 20,000,000 unlisted options to VS Capital Group Limited as compensation for services related to a capital raise and the acquisition of the Nimba Gold Project. This move reflects the company’s strategic efforts to strengthen its financial position and advance its mining projects, potentially impacting its market positioning and stakeholder interests.

First AU Limited Issues 20 Million Unlisted Options

First AU Limited has announced the issuance of 20 million unlisted options with an exercise price of $0.00455 and an expiry date of October 10, 2027. These securities are part of previously announced transactions and are not intended to be quoted on the ASX, indicating a strategic move in their financial operations.

First AU Limited Announces Quotation of 5 Million Securities on ASX

First AU Limited has announced the quotation of 5,000,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code FAU. This move is part of a previously announced transaction and is expected to enhance the company’s capital structure, potentially improving its market position and providing greater value to its stakeholders.

First AU Limited Announces Proposed Securities Issuance

First AU Limited has announced a proposed issuance of securities, including 20 million unlisted options and 5 million fully paid ordinary shares. This move is part of the company’s strategy to strengthen its financial position and expand its market influence, potentially impacting stakeholders by increasing the company’s capital base and enhancing its operational capabilities.

First Au Limited Reports Promising Gold Assay Results at Nimba Project

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.

First AU Limited Announces General Meeting to Vote on Key Incentive Plans

First AU Limited has announced a General Meeting scheduled for November 7, 2025, where shareholders will vote on key resolutions. The meeting’s agenda includes the adoption of an Employee Performance Rights and Option Plan, which aims to issue up to 214,500,000 securities to incentivize employees. Additionally, there will be a resolution concerning the issuance of performance rights to a related party, Mr. Lei Shi. These measures are designed to align employee interests with company performance and potentially enhance stakeholder value.

First Au Limited Announces 2025 General Meeting and Updates on Shareholder Communications

First Au Limited has announced that it will hold its 2025 General Meeting on November 7, 2025, in Sydney. The company has released the Notice of General Meeting and Proxy Form on its website and the ASX. Shareholders are encouraged to vote online and update their communication preferences to receive electronic communications, following legislative changes to the Corporations Act 2001.

First AU Ltd. Secures Drilling Permits for Gimlet Gold Project

First AU Ltd. has received the necessary permits to begin a 2,500-meter RC drilling program at its Gimlet Gold Project near Kalgoorlie, WA. This initiative aims to enhance the confidence in its existing 120,000-ounce gold resource and explore potential extensions and optimizations for future mining operations. The project is strategically positioned amidst operational CIL-gold plants, and the company has entered a drill-for-equity agreement with Newcam Minerals Pty Ltd, allowing it to fund the drilling costs through the issuance of shares. This development is expected to provide critical data for resource upgrades and feasibility studies, supporting the project’s advancement amid rising gold prices.

First Au Limited Releases Interim Report for Half-Year 2025

First Au Limited has released its Interim Report for the half-year ended 30 June 2025. The report includes a comprehensive review of operations, financial performance, and business risks. It provides insights into the company’s financial position, changes in equity, and cash flows, which are crucial for stakeholders to assess the company’s operational and financial health.

First AU Limited Announces Proposed Securities Issue

First AU Limited has announced a proposed issue of 75,597,218 ordinary fully paid securities, with the issue date set for December 1, 2025. This move is part of a placement or other type of issue, and it reflects the company’s strategic efforts to potentially enhance its capital structure and market presence.