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 ranmylon Aug 17, 2012 10:39am

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Post# 20228930

RE: PR - Fire River Announces Closing of First Tra

I am visiting Vancouver and asked a person I know who follows companies like this one. He said that they have the resource in the ground but that their new gold circuit they put in underperformed significantly (CIL, I think), and that they may have to get new govenment water permits to fix it. Also said that the company finacing the opperation was into it deeply and could not afford to let it bankrupt but that it would be years before any other investors seen any kind of returns

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