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 22, 2012 4:51pm

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Post# 19569280

Gaberlunzie

Gaberlunzie, The first payment [installment] plus back interest is due in May and every month thereafter until paid in full. That's six payments, each should be smaller than the previous payment. Question is, will they have the money to make that payment in late May? Maybe but I'm doubtful. They must have burned through most if not all of the loan proceeds from Sprott by now and current production is not going to do it and still keep the mine and plant operational. Just my opinion - do your own due diligence.

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