First Au Limited (ASX: $FAU) Announcement

First Au Limited (ASX: $FAU) has announced the granting of Exploration Lease EL008058 by the Department of Energy, Environment and Climate Action of Victoria. The tenement, valid for 5 years, is 90% owned by East Victoria Goldfields Pty Ltd, a wholly owned subsidiary of First AU. This new lease significantly expands FAU's presence in the Snowstorm area, encompassing over a dozen historical workings and the Historical King Cassilis Mine, which has a record of producing over 3,000 ounces of gold at a grade of 14.4g/t gold.

Executive Commentary on Exploration Lease EL008058

This tenement is a welcome addition to the portfolio of prospective gold projects in Eastern Victoria. The presence of the historical King Cassilis Mine is the proof of past high grade gold production in the area, and we are looking forward to applying modern exploration techniques to unlock the next chapter in the history of this prolific gold field.

Summary of First Au Limited's Announcement

First Au Limited (ASX: $FAU) has successfully secured Exploration Lease EL008058, expanding its footprint in the highly prospective Snowstorm area. The addition of the Historical King Cassilis Mine, with its record of high-grade gold production, presents significant opportunities for the company. The new tenement allows FAU to apply modern exploration techniques to further unlock the potential of this prolific gold field. With this strategic move, FAU continues to advance its exploration programs and strengthen its position in the gold and base metals exploration sector.