First Au Limited (ASX:FAU), announced entering into an option agreement with Mines of Stirling Pty Ltd to acquire 85% (post-dilution 80%) interest in the granted tenement EL 5505 and the Snowstorm Project or prospecting license application PL 007319.
Source: First Au
The Snowstorm projects exhibit high-grade gold results and contain Ordovician sediments similar to Haunted Stream prospect. Against the agreement to acquire 80% interests, First Au would be required to make payments at certain intervals upon included stipulations.
First Au traded at $0.019 a share on 9 July 2020 at 11:54 AM, an increase of ~18.75% against the previous close, with a market capitalization of $7.10 million.
All financial information pertaining to Australian currency unless stated otherwise.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.