First Au releases Activities report for June quarter, Drilling program to commence immediately at Gimlet

  • Jul 31, 2020 AEST
  • Team Kalkine

Experienced gold explorer, First Au Limited (ASX:FAU) published the activities report for the June quarter.

First Au focussed on the diversifying the portfolio and growing the projects further. The key updates from the quarter include-

  • First Au entered into an acquisition agreement to acquire 80% stake in the Victorian Goldfields Pty Ltd (“VicGold”) and its Victorian Eastern Goldfields Project.
  • Due Diligence completed, and paves way to acquire the VicGold assets
  • First Au also entered into an agreement to acquire the Snowstorm project in the neighbourhood of VicGold’s Victorian Eastern Goldfields Project. The Company plans to consolidate the VicGold and Snowstorm subject to the underlying stipulations.
  • Completion of an Induced Polarisation survey at Gimlet, new potential target identified.
  • Diamond drilling program to commence immediately at the Gimlet gold project
  • Completed the share purchase plan and the private equity placement


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