First Au Limited
FRSAF
Other OTC0.01
USD
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First Au Limited
FRSAF
(Other OTC)
Recent
price
0.01
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yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- First Au Limited operates as an advanced gold and base metals exploration company primarily focused on mineral exploration in Victoria and Western Australia, Australia, as well as Liberia, West Africa. The company’s core products and services encompass exploration for gold and base metal deposits, with flagship assets including the 100% owned Victorian Gold Project—comprising the Haunted Stream Project and Swifts Creek Goldfields located in the Eastern Goldfields of Victoria—and the Gimlet Gold Project near Kalgoorlie, Western Australia. First Au leverages modern exploration techniques and a seasoned technical team to discover and develop mineral resources. Founded in 1960 and headquartered in Balwyn, Victoria, Australia, First Au pursues exploration activities within the basic materials sector, targeting gold and base metals primarily through drilling programs and resource evaluations. Geographically, the company operates in Australia and Liberia, focusing on strategic ground positions to maximize discovery potential. Recent major company developments include the acquisition agreement signed in early 2024 to acquire the Kasepaarada Lithium Project from E-Cube Premium Limited for GHS 26 billion, signaling a strategic expansion into lithium exploration. Additionally, First Au has reported significant exploration successes, including high-grade gold intersections at the Gimlet project, and has engaged in binding Heads of Agreement with partners such as AustChina to advance its projects and funding opportunities. These actions indicate a strategic expansion into diversified mineral exploration and strengthening of operational partnerships. Overall, First Au Limited stands as a mineral exploration entity emphasizing gold, base metals, and now lithium, with operations concentrated in key Australian mining regions and emerging West African opportunities, supported by a strategic corporate approach aimed at discovery, development, and partnerships to enhance resource value.