First Au Ltd V.FAU.H

Primary Symbol: FRSAF

Metals & Mining Industrial Metals & Minerals

First AU Limited is an Australia-based advanced gold and base metals exploration company. The principal activity of the Company is exploration for gold and other metals in its interests in mining tenements located in Western Australia and Victoria. It is engaged in pursuing exploration programs at its Victorian Goldfields Project in East Gippsland and its 100% owned Gimlet Gold project near Kalgoorlie. The Victorian Gold Project is located in the Gippsland region, which is in the historic mining area of Swifts Creek and is focused on the Haunted Stream and Snowstorm Projects. The flagship Haunted Stream Project is located in East Gippsland Victoria (340 kilometers (km) South East of Melbourne). The Company’s Gimlet Gold Project is located approximately 15 km northwest of Kalgoorlie, Western Australia EL26/174 and application M26/849 -9.6 square kilometers. The Snowstorm Prospect is located within the historic Swifts Creek Goldfields in the East Gippsland region.

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First Au Ltd

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Post by SergeBruneton Apr 06, 2011 11:18am

324 Views

Post# 18393154

Silver grades

It seems to me that they are also hitting good silver grades.
Does anyone know what they plan to do with the silver and copper that the mineral holds?
Will they be able to recover them through their process and sell them?
If that is the case, the silver and copper credits (~40$/MT) should go a long way to help offset the processing costs...

Have a great day!
GLTA

SB

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Gold begins to flow at Endeavour's Lafigué mine in Côte d'Ivoire