Australia's First AU rises on exploration grant at Victorian gold project

First Au

30/03/2022 03:48

** Precious and base metals explorer First AU Ltd  FAU.AX 
rises as much as 13.6% to A$0.013, their biggest intraday pct
jump since March 23
    ** Says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02504415-3A590733?access_token=83ff96335c2d45a094df02a206a39ff4
 granted exploration licences at its Victorian Goldfields
project in East Gippsland
    ** Adds that granted licenses constitute a "substantial
increase" in area for VicGold project 
    ** Says to start drilling at Dogwood Porphyry Copper within
a month
    ** More than 3.4 mln shares change hands, vs the 30-day
average of .5 mln shares
    ** FAU up 10% this year, as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))