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 Feb 08, 2012 1:43am

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Post# 19503358

RE: Denial to the very end

redalerred,

Fire River could make it but they have virtually no room for error. They are burning through that Sprott loan and my guess is it's about out. The CIL circuit will be running in the next couple of weeks [hopefully] but will take many weeks or a few months to get the kinks out of it. They need to produce more gold which means that CiL circuit means the difference between survival or default. I doubt, in a default, Sprott will give them more time. They have this company and us by the throat. As I've previously posted, the first installment plus interest is due in mid-May.

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