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 Nov 29, 2012 11:33am

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Post# 20660364

RE:NR - Fire River Provides Nixon Fork Operations

Bwanna, no company is going to state in their news release that they are still barfing money out the door, even if it is true. I do not really think your statement is. They are still spending money in order to reach production levels, and it may be more than they are bringing in, but your statement would indicate that they are wasting it. It does appear that the new management is watching what is happening. In regards to production grades, yes, they need to improve. This has always been a concern. This news release shows a much more positive picture than we had in the spring.

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