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 thebakeron Apr 22, 2012 11:20am

163 Views

Post# 19821336

RE: RE: RE: RE: minable ore

Sorry Sclarda, I can read, and the fools are the ones that believe everything you say. You do not know it all, and I am really wondering how much you do know. The only thing they have for sure, is the tailings. They have an estimate of the tonnage and the grade. Their estimate is probably fairly accurate, considering everything is there in front of them.

In regards to minable "reserves" they really have none. They have drilled some holes. They have looked at the previous drill results and there is gold there. Nothing that they have can be classed as reserves. It is there, and they can take it out. Whether or not there is enough to make money on has yet to be proven. You should do your homework before you call other people names.

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