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NevGold pushes beyond Limo Butte resource•Heritage drills six-metre gold zone at Melba•Salazar discovers ‘high-grade’ tungsten at Pijili Project•Aguia aligned with newly approved government-backed fertiliser incentive•US Department of Energy injects $13.9 million into critical minerals•Queensland legislation backs critical minerals exploration•DevEx follows Nabarlek-style clues at KP•Alurion drills towards Amargosa Prefeasibility Study•Moonlight hits broad copper zones at Peak Downs•Legal battle heats up for major iron ore miner Fortescue•Lithium Universe recovers gallium and platinum from e-waste•Rokeby reports maiden tailings resource at Omeo•Critical Resources links up with CSIRO for battery technology•Barkly advances 10,000m drilling at flagship project•Antilles Gold signs binding deal for Cuban sanction relief•Renegade expands loan facility to $2 million•US Army’s Janus Program puts spotlight on uranium supply•Mithril extends Copalquin silver-gold corridor to 550m•Felix Gold produces antimony metal from pilot plant•Strategic Energy tests two Canobie targets NevGold pushes beyond Limo Butte resource•Heritage drills six-metre gold zone at Melba•Salazar discovers ‘high-grade’ tungsten at Pijili Project•Aguia aligned with newly approved government-backed fertiliser incentive•US Department of Energy injects $13.9 million into critical minerals•Queensland legislation backs critical minerals exploration•DevEx follows Nabarlek-style clues at KP•Alurion drills towards Amargosa Prefeasibility Study•Moonlight hits broad copper zones at Peak Downs•Legal battle heats up for major iron ore miner Fortescue•Lithium Universe recovers gallium and platinum from e-waste•Rokeby reports maiden tailings resource at Omeo•Critical Resources links up with CSIRO for battery technology•Barkly advances 10,000m drilling at flagship project•Antilles Gold signs binding deal for Cuban sanction relief•Renegade expands loan facility to $2 million•US Army’s Janus Program puts spotlight on uranium supply•Mithril extends Copalquin silver-gold corridor to 550m•Felix Gold produces antimony metal from pilot plant•Strategic Energy tests two Canobie targets
Hamek gold nimba
WRITTEN BY Maddison Elliott

First Au ticks first stage for Nimba acquisition

First Au (ASX:FAU) has completed the first stage of its joint venture to acquire the Nimba Gold Project in Liberia, issuing 100 million shares as well as a $250,000 cash payment to Hamak Gold (LSE:HAMA) for a 35% stake.

Shares hold an exercise price of $0.0035 per share, providing Hamek a total share value of $350,000.

Shares will remain under escrow for six months from the issue date.

Chairman Daniel Raihani says the company is pleased to complete stage one of the acquisition as it prepares to share drilling results shortly.

“First Au is committed to progressing its Nimba Gold joint venture in Liberia,” Raihani says.

First Au is a gold and base metals explorer currently pursuing opportunities at the Victorian Goldfields Project in East Gippsland and the Gimlet Gold Project near Kalgoorlie in Western Australia.

Write to Maddison Elliott at Mining.com.au   

Images: Hamek Gold
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Written By Maddison Elliott
Maddison holds a Bachelor of Communication and Journalism, a Bachelor of Business, and a Master of Writing, Editing and Publishing. She enjoys transforming complex information into clear, engaging stories that inform, educate, and connect with readers. Outside of the newsroom, Maddison spends her time reading, exploring new places, catching a game, or spending time with friends and family.

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