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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Comment by JohnEStromJron Nov 20, 2011 1:45pm

248 Views

Post# 19252490

RE: RE: RE: RE: RE: Were in the gold and in the mo

sclarda, We agree. Were Fire River a mature company with new inventory/production coming in daily then hedging would make sense or holding back a part of their production. I'm not so confident about Fire River getting 50,000 ounces per year. To do that they need to be mining year-around and they need to have a proven resource. Anyway, I sure hope you're right. I still can't make sense of the latest NR regarding the dore. I understood they sent two dore bars each of about 30 kilos. The NR mentions one dore bar but the numbers don't make any sense.

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