First Au Limited (ASX:FAU) Announces Renewal of Snowstorm Gold Project Exploration Licence

November 18, 2020 01:33 PM AEDT
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First Au Limited (ASX:FAU) announced the renewal of the Exploration Licence EL5505 (Snowstorm Project) in Gippsland, Victoria. The renewal gives First Au 2 years to explore and decide on its exercising its option. Further, the gold explorer holds a 12-month right to extend into the third year of the option term.

Snowstorm project is a highly prospective ground within the Victorian gold project and hosts Ordovician sediments, similar to Haunted Stream prospect.

First Au traded at $0.026 a share on 18 November 2020 (1:22 pm AEDT) with a market capitalisation of $12.37 million.

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