FAU 23.1% 1.6¢ first au limited

Is not much exploration going on this qtr only 130k worth?...

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    Is not much exploration going on this qtr only 130k worth?

    Mining of JORC gold ...well first they need JORC Gold so much more drilling needing done ... took many years before IRC converted TEAL from promising drill results to JORC Gold reserves -- toll treatment took many more years

    If FAU can prove up a higher grade like your est 80koz 3.9g/t Gold resource then generally a much lower amount would likely be mined as you don't mine resources(well not unless you want to become another failed micro-cap) but Reserves 20-30koz

    I understand Toll treatment is hard to come by in the region(And contract rates have increased like the AUD Gold price) ... maybe once IRC secures Coolgardie Gold plant a deal could be done if IRC plans to treat Teal camp gold ..?
 
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