First AU Secures Promising Gold Exploration Lease

First AU Ltd. (AU:FAU) has released an update.

First AU Limited has announced the acquisition of a new exploration lease for the historical King Cassilis Mine area, promising to expand its operations in the Snowstorm project. The lease, 90% owned by its subsidiary East Victoria Goldfields Pty Ltd, spans over a dozen historical sites and is expected to advance gold exploration with modern techniques. The grant, which marks a significant addition to First AU’s portfolio, was celebrated by the newly appointed Director, Xavier Braud, for its potential to revive the region’s rich mining history.

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