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First AU Ltd. ( (AU:FAU) ) just unveiled an announcement.
First Au Limited announced several key updates in its quarterly activities report for the period ending December 31, 2024. The company is exploring options to generate value from its Gimlet Gold Project and is managing its Victorian Gold Project through strategic adjustments, including partial surrendering of exploration licenses to reduce costs. Recent corporate changes include the appointment of Quentin Charaud as a Non-Executive Director and the transition of Daniel Raihani to Non-Executive Chairman, following the resignation of Xavier Braud. Additionally, First Au successfully raised $325,000 through a placement of shares, intended for general working capital and new project assessments.
More about First AU Ltd.
First Au Limited is an exploration company operating in the mining industry, primarily focused on gold projects in Australia. It is actively engaged in the exploration of the Gimlet Gold Project in Western Australia and a Victorian Gold Project.
Current Market Cap: A$4.14M
For an in-depth examination of FAU stock, go to TipRanks’ Stock Analysis page.
