FAU Secures Approvals and Prepares for Drilling at Gimlet High-Grade Gold Project.

First Au Limited (ASX: FAU) has received approvals to commence a fully funded 2,500m reverse circulation (RC) drilling program at its Gimlet Gold Project, located near Kalgoorlie, Western Australia. With drill pad clearing and earthworks already underway, drilling is set to begin imminently under a drill-for-equity agreement with Newcam Minerals, valued at AU$0.005 per FAU share. The program aims to upgrade confidence in the existing inferred resource of 120,000oz at 3.19g/t gold, test extensions beyond 90m depth, and provide critical data for both open-pit and underground mining studies.

Situated in a highly active gold-producing region surrounded by multiple CIL processing plants, the Gimlet Project is well-placed for potential near-term development. The drilling campaign is expected to deliver resource upgrades and support feasibility studies, advancing FAU’s growth strategy amid strong gold market conditions. Equipment mobilisation is scheduled for late September, with progress updates to follow.

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