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Why Did First Au Grant AustChina a 19-Month Exclusive Option on Victorian Gold?
9:35am on Monday 27th of October, 2025 AEDT
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Why Did First Au Grant AustChina a 19-Month Exclusive Option on Victorian Gold?
9:35am on Monday 27th of October, 2025 AEDT
Key Points
Binding Heads of Agreement with AustChina for exclusive 19-month option
Initial non-refundable $75,000 cash plus $150,000 in AustChina shares
Option exercise requires $200,000 cash and $500,000 in shares based on VWAP
Deal allows First Au to focus on Nimba Gold Project (Liberia) and Gimlet Gold Project (WA)
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