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 mining4dollarson Jun 12, 2012 12:09pm

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Post# 20004003

RE: Opportunity Presents Itself!

the added, massive dilution that has been announed is actually the best case scenario at this point... the deal was only announced, not completed yet... I would be shocked at this point if any institution would touch this financing with a 10 foot pole and put more money into a mangement team whos only accomplishment is knowing how to waste it. the retail side is even quieter at this point. just sold off my entire position as I doubt they will be able to raise what they will need to keep the lights on, let alone commission their mine.

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