Articles On First Au (ASX:FAU)

Are large Bitcoin investors moving back into precious metals? In a note to clients, JPMorgan said large institutional investors are dumping bitcoin in favour of gold, reversing a trend that’s played out over the last two quarters. “The bitc...

The recovery in the gold price from its early March lows — ~$1,670s to over $1,825 currently — was mostly driven by the decline in real interest rates and, more recently a poor US jobs report and increasing inflation. US core inflation in A...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scrol...

The capital raisings boom on the ASX is continuing in 2021 with nearly $10 billion raised in the first four months of the year. Across 325 deals, ASX companies have raised $9.878 billion in capital amidst IPOs, placements and rights issues....

Funds management administration company Mainstream Group (ASX:MAI) topped the Running Hot list with a 14-day RSI of 92 this week. Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength Index (RSI)....

“When you stop growing you start dying,” is a saying the ASX’s largest gold miners have apparently taken to heart. While hopefully remaining cognisant of the expensive, value-destroying deals which occurred when gold last peaked in the 2010...

The gold price traditionally thrives on geopolitical drama. Heightened tensions in eastern Ukraine, the recent incident at an Iranian nuclear site, and news of an unofficial US delegation visiting Taiwan are recent reminders that 2021 will...

Gold continues to trend upwards on the back of US dollar’s ongoing weakness and concerns about inflation, so it’s unsurprising that the majority of gold plays on our watchlist have marked gains this week. The previous metal is currently tra...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest movers – the winners and losers alike. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday t...

Gold plays are eyeing the climb in gold prices to a near two-week high of $US1,745 ($2,276) an ounce thanks to a weaker US dollar, falling bond yields and a rally in crude oil prices that fuelled precious metal bulls. Despite the slowly imp...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest movers – the winners and losers alike. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday t...

The gold price may have languished slightly in 2021, but the number of gold IPOs certainly has not. Here’s what the newest ASX gold explorers are doing, where they are doing it, and why investors should care.   KINCORA COPPER (ASX:KCC) The...

Strange to think that it is a year since the world was turned upside down when the World Health Organisation declared COVID-19 a worldwide pandemic in mid-March 2020. In the week that followed the price of gold tumbled nearly $US200 to $US1...

A recent round of support for gold has seen the price consolidate above $US1,700 an ounce. However, with policy support from central banks, US stimulus and employment growth — underpinned by big infrastructure projects — you’d “expect gold...

Summary The rock chip samples from the Haunted Stream / Snowstorm area returned gold grades up to 86 g/t gold. First Au has planned the maiden drilling program for mid-February at the Snowstorm Project. The application for drilling pe...

Summary First Au has announced positive results from an induced polarisation (IP) survey concluded in 2020 at the Razorback gold prospect. The survey was designed to identify the disseminated sulphides, potentially associated with gold...

Summary The new earn-in and joint venture agreement includes a higher payment of $180,000 to First Au on the commencement of the farm-in and joint venture First Au would seek the approval of shareholders in mid-January and would lodge...

For goldies, 2020 was a year when good news was rewarded, and great news celebrated. The precious metal has gained about 22 per cent year-to-date despite treading water since mid-August. And there’s a strong chance 2021 will start off with...

Summary FAU holds a major landholding in Victoria, which includes the Victorian Goldfields Project and the highly prospective Snowstorm project Haunted Stream produced 25,000 ounces of gold between 1863 and 1917, extracting gold ores a...

Summary The rock chip samples from the Snowstorm prospect returned gold grades up to 112 g/t an outcropping vein system The Snowstorm prospect includes Ordovician sediments, sulphide lodes, and free gold. It is structurally controlled...

Summary First Au commences deep diamond drilling at Gimlet project to test the mineralisation beneath 500 metres. RC drilling program completed, drilling over 15 holes aggregating to 2,160 metres at Gimlet. Gimlet hosts a mineral reso...

Summary Exploration tenement (EL 006816) which includes “Haunted Stream project” has been granted, following which the field activities commenced. The Snowstorm tenement has been renewed, which shares strong similarities with the Haunt...

Summary First Au signed a Farm-In and Joint Venture Agreement with 8Au Pty for the Talga Gold and Base Metals Project The completion of milestones will earn up to 80% stake in the Talga Gold and Base Metals Project The farm-in agreemen...

Seasoned gold explorer, First Au Limited (ASX:FAU) announced the renewal of exploration licence EL5505 which hosts the Snowstorm Gold Project in Gippsland, Victoria. The renewal was one of the requirement precedents to the FAU’s option over...

Summary RC drilling program continues at Gimlet to test new target identified during the recent IP and SAM geophysical surveys Exploration Incentive Scheme (EIS) co-funded diamond drillhole will follow RC drilling campaign to test Gimle...

Gold and base metals explorer, First Au Limited (ASX:FAU) announced strong assay results for 3 drill holes at the flagship Gimlet gold project in the vicinity of Kalgoorlie goldfields. The drilling program targeted to test the extension of...

Summary First Au commences IP survey to delineate Sulphide mineralisation at depths exceeding 100 meters targets within the Razorback Gold prospect Historical assay grades from the shallow samples exceed gold grades of 1 g/t. Historical...

Summary First Au strengthens board, Dr Gavin England joins as Technical Director following the completion of VicGold acquisition Earlier, Dr Gavin England was the Chief Consulting Geologist for First Au and was critical to the estimatio...

There’s 191 ASX gold stocks on our list — from $25bn behemoth Newcrest (ASX:NCM) all the way down to $4.7m tiddler African Gold (ASX:A1G) – with a combined market cap of ~$82.8bn. Despite running out of puff in August and September the gold...

Summary FAU has received commitments worth $1.5 million from existing and new sophisticated and professional investors Placement program to fund exploration at Gimlet and Haunted Stream, apart from the general working capital requiremen...

Summary Granting of EL006816 application suffices the final condition for the acquisition of Victorian Goldfields Pty Ltd Initial fieldwork to commence next week, Haunted Stream hosts numerous underexplored prospects and historical mini...

Summary First Au commences diamond drilling program to test 3 to 4 targets, aimed to check the extent of plunge beneath supergene mineralisation blanket and identify new lode mineralisation zones Current drilling to play an important ro...

Summary First Au to acquire 80% in Victorian Gold project, hosts gold mining centre with no significant exploration on the mineralisation at depth Gold explorers rushing to Victorian goldfields, Major investors backing minerals project...

Summary First Au advancing on the acquisition of 80% stake in VicGold and the Snowstorm project in two separate agreements Exercisable option to acquire remaining 20% equity exercisable upon decision to mine the Victorian goldfields pro...

Summary The drilling program was delayed due to pandemic restrictions and is understood to be critical to test mineralisation at depth First Au holds resources of over ~69,000 ounces of gold with significant portions of it amenable to t...

A quick wrap of the ASX’s key winners and losers on Tuesday, August 4. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made market-moving announcements during the day. Today 932 stocks rose, 446 declined and 7...

Summary First Au to acquire 80% of VicGold, which is among largest exploration plays in the Victoria’s Eastern Goldfields. Victoria Gold project hosts high grade gold mineralisation, a successful due diligence was completed in July. En...

Summary Recent capital raisings to strengthen First Au financially to execute exploration activities at Gimlet EIS co-funded drilling hole, one of a kind in the Teal-Gimlet mineralisation corridor with depth of 450-500 meters First Au...

Summary Recent capital raisings to strengthen First Au financially to execute exploration activities at Gimlet EIS co-funded drilling hole, one of a kind in the Teal-Gimlet mineralisation corridor with depth of 450-500 meters First Au...

Summary Consolidation proposed for Victorian Gold and Snowstorm Projects Victorian Gold Project is a large underexplored project in mineral-rich Victorian Goldfields Highly prospective Haunted Stream with historical gold mining grades...

Summary FAU plans consolidation of VicGold and Snowstorm projects in the Lachlan Fold Belt First Au progressing on meeting acquisition stipulations Following SPP mega oversubscription, First Au gaining strong investor support Firs...

Summary Application worth over $3 million received against $280,000 sought Directors & Officers applied for shares worth $100,000 Proceedings to Fund Gimlet Exploration and Acquisitions of VicGold and Snowstorm deposits   Adv...

A quick wrap of the ASX’s key winners and losers on Monday, July 13. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made potentially market-moving announcements during the day. Today 715 stocks rose, 639 decl...

A quick wrap of the ASX’s key winners and losers on Friday, July 10. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made potentially market-moving announcements during the day. Today 510 stocks rose, 793 decl...

Summary First Au establishing firm footing around the Victorian Gold project Option agreement reiterates First Au’s commitment to development Snowstorm prospect geologically very similar to Haunted stream First Au Limited (ASX:FAU...

In today's Mining Briefs: Updates from Classic, Black Cat, Lotus, Deep Yellow, First Au and Greenfields. Mining Briefs: Classic, Black Cat and more.

Gold has been in a smart bull rally during the first half of 2020 supported by existing weak global economic conditions, the accommodative monitory policy adopted by many major central banks, and the coronavirus outbreak. Gold spot prices...

First Au Limited (ASX:FAU) is an advanced gold explorer and developer, expanding its horizon by acquiring the Victorian Goldfield project in the southern Lachlan Fold Belt (LFB). In early June 2020, the explorer announced entering into a bi...

First Au Limited (ASX:FAU) is an advanced gold and base metals explorer, with critical assets in the western Australia and Victorian goldfields. First Au recently announced acquisition of 80% stake in Victorian Goldfields (VicGold) which ow...

On 11 June 2020, First Au Limited (ASX:FAU), an advanced Gold and base metals explorer, announced the securing of firm commitments from professional and sophisticated investors to raise a sum of almost $747,000 via placement of up to 74,700...