#1For personal use only FIRSTAU Investor Presentation AUSTRALIAN GOLD CONFERENCE SYDNEY, 14-15 JUNE 2022 ASX: FAU | OTCQB: FRSAF#2For personal use only Disclaimer This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation does not take into account any person's particular investment objectives, financial resources or other relevant circumstances and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments. To the fullest extent permitted by law, First Au Limited (the Company) does not make any representation or warranty, express or implied, as to the accuracy or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise is accepted. This presentation may include forward looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of the Company. These risks, uncertainties and assumptions include commodity prices, currency fluctuations, economic and financial market conditions in various countries and regions, environmental risks and legislative, fiscal or regulatory developments, political risks, project delay or advancement, approvals and cost estimates. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, readers are cautioned not to place reliance on forward looking statements. Any forward-looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law and the ASX Listing Rules, the Company does not undertake any obligation to update or revise any information or any of the forward-looking statements in this presentation or any changes in events, conditions or circumstances on which any such forward looking statement is based. ASX Listing Rule Compliance In accordance with Listing Rule 5.23.2, the Company confirms in this subsequent public report that it is not aware of any new information or data that materially affects the information included in any previous market announcements and, in the case of estimates of mineral resources or ore reserves, that all material assumptions and technical parameters underpinning the estimates in any previous market announcements continue to apply and have not materially changed. For the purposes of Listing Rule 5.23.1, the relevant Company announcements which refer to these exploration results or estimates of minerals are: "First Au to Acquire Victoria Gold Exploration Project", released 3 June 2020, which included a Competent Person's Statement from Dr Gavin England. "First Au to Accelerate Exploration at Victorian Gold Project", released 30 October 2020, which included a Competent Person's Statement from Dr Gavin England. "Mapping and Sampling at Snowstorm Project Produces Rock Chips up to 112 g/t Au", released 1 December 2020, which included a Competent Person's Statement from Dr Gavin England. "Early Drill Results Positive at Snowstorm", released 7 April 2021, which included a Competent Person's Statement from Dr Gavin England. "Snowstorm Intersects Mineralised Dyke Swarm" released 10 June 2021, which included a Competent Person's Statement from Dr Gavin England. "JORC Resource Increase at Gimlet to Inferred Resource of 120,000 ounces Au", released 23 June 2021, which included a Competent Person's Statement from each of Dr Gavin England and Mr Andrew Bewsher. "Copper Porphyry Potential at Dogwood Prospect, Victoria", released 22 September 2021, which included a Competent Person's Statement from Dr Gavin England. "Further High-Grade Drilling Results at Snowstorm Project, Victoria", released 14 January 2022, which included a Competent Person's Statement from Dr Gavin England "Successful Drilling Completed at Snowstorm Project, Victoria", released 1 April 2022, which included a Competent Person's Statement from lan E Neilson. FIRSTAU Investor Presentation | June 2022 | Page 2#3For personal use only Corporate Summary Capital Structure Shares Options (FAUOA) Market Cap (at $0.012) Cash (as at 31 Mar 2022) Enterprise Value (EV) Board of Directors & Key Management Executive Chairman & Managing Director Chief Executive Officer Non-Executive Director Non-Executive Director Non-Executive Director Secretary Chief Geologist FIRSTAU $0.020 $0.018 819M 45,000,000 582M $9.823M $0.016 $0.014 $0.012 $0.010 your $0.008 $0.006 $1.7M $0.004 $8.123M $0.002 $0.000 Bryan Frost Ryan Skeen Richard Revelins 1/07/2021 1/08/2021 Michael Quinert Damon O'Meara Paul Godfrey lan Neilson 61.95% ■Top 20 ■All Other Shareholders 1/09/2021 1/11/2021 1/12/2021 1/10/2021 1/01/2022 1/02/2022 1/03/2022 Volume FAU Share Price 1/04/2022 1/05/2022 1/06/2022 40,000,000 35,000,000 Warner 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 0 38.05% Investor Presentation | June 2022 | Page 3#4For personal use only East Pilbara Project FAU Talga Project near Marble Bar focuses on the Razorback orogenic gold! and Cord Valley VMS prospects. Gimlet Gold Project The Gimlet Au Project is strategically positioned near Kalgoorlie, in an area rich in infrastructure and potential toll treatment options. Mabel Creek Project Over 1000km of tenure within the highly prospective Mabel Creek area of the northern Gawler Craton, South Australia. FIRSTAU FIRSTAU Victorian Gold Project The goldfields of the East Gippsland Region dominated Victorian production i during the end of the 1800s and early 1900s, with vein-hosted i and alluvial gold mining. Project Summary Victorian Project • • • Primary focus on Gold and Copper projects in East Gippsland, Victoria High-grade results from drilling at Snowstorm include 3m @ 11.6 g/t Au¹, 6.4m @ 4.1 g/t Au2 and 4.8m @ 5.8 g/t Au³ 3 Drilling recently commenced at Dogwood porphyry copper project, targeting historical intersections including 13.2m @ 1.33% Cu⭑ South Australia • • Mabel Creek project in the Gawler Craton prospective for gold and base metals New geological interpretation has generated targets for drilling Western Australia Kalgoorlie based project, Gimlet, contains JORC Inferred Resources of 120,000oz Au @ 3.2 g/t Au 1. See ASX announcement 7 Apr 2021, 2. See ASX announcement 14 Jan 2022, 3. See ASX announcement 1 Apr 2022, 4. See ASX announcement 22 Sep 2021, 5. See ASX announcement 23 Jun 2021 Investor Presentation | June 2022 | Page 4#5For personal use only Victoria EAST GIPPSLAND TENEMENTS Fosterville Bendigo Stawell Avoca 0 50 100 Kilometres FIRSTAU Melbourne Victorian Goldfields Project Areas Woods Point Walhalla Historic gold production > 8 M oz 5 M oz - 8 M oz 3 M oz-5 Moz Commanding strategic landholding in an underexplored region covering ~2,450km² based on key area selection criteria identified by First Au geologists Tenure covers historic goldfields around Snowstorm, Haunted Stream, Dargo and Dogwood, as well as significant alluvial gold production areas Tenements contain hundreds of historical high-grade surface and underground workings from the 1850's through to the early 1900's 1 M oz - 3 Moz □ < 1 Moz ☐☐☐ Locations Bendigo Zone, zone under cover Stawell Zone, zone under cover Melbourne Zone, zone under cover Investor Presentation | June 2022 | Page 5#6For personal use only Victoria EAST GIPPSLAND PROJECT OVERVIEW High-Plains Deep Leads Au Project Birregun Orogenic Au Project Snowstorm Orogenic Au Project APPLICATION EL 007527 EL 5505 PL 007319 EL 006976 EL 007335 EL 006977 APPLICATION EL 007408 Dargo Orogenic Au Project EL 5422 EL 007442 Mount Dow Orogenic Au Project 40 20 km * Kilometres Scale 1:75,000m GDA94- MGA Zone 55 FAU Victoria Exploration Licences (Granted) FAU Victoria Exploration Licences (Applications) Deposits/minesites FIRSTAU EL 006816 EL 006975 矧 APPLICATION EL 007722 EL 007474 Tiger Creek Cu Project $0 禁烧 APPLICATION EL 007954 Dogwood Cu-Mo Project Haunted Stream Orogenic Au Project 5920000N 5880000N 5820000N • • Majority of Victorian tenements now granted, unshackling FAU's exploration plans moving forward Government records across the tenement package highlight significant historical production, with high grade historical mines producing 15-30g/t Au, with some reefs producing >150g/t Au³ Priority targets are focused on at Haunted Stream (gold), Dogwood (copper), Snowstorm (gold) and Dargo (gold) tenements 父 奖 EL 007473 父 5840000N 5800000N FIRSTAU Victorian Gold Project Exploration Licences 1. See ASX announcement 30 Oct 2020, 2. See ASX announcement 22 Sep 2021, 3. See ASX announcement 3 Jun 2020 Investor Presentation | June 2022 | Page 6#7For personal use only Victoria DOGWOOD PROJECT 33°S 148 E 150°E 20°S 140°E 150°E CORAL SEA VICTORIA Yeoval ple Frogmore 口 CANBERRA AUSTRALIA • CADIA 30°S Area of Map TASMAN SEA • 40PS INDIAN OCEAN NEW SOUTH WALES EXPLANATION Assessed porphyry copper tract 009pCu8003 Other porphyry copper tracts Porphyry copper deposit, deposits associated with other tracts shown in gray Porphyry copper prospect prospects associated with other tracts shown in gray O Porphyry copper occurrence; occurrences associated with other tracts shown in gray Dogwood Broup Sunday-Booth's Tiger Creek Dogwood Stringer group Mt Buck TASMAN SEA Figure D1. Map showing tract location and porphyry copper deposit, prospects, and occurrences for the Yeoval tract (009pCu8003), New South Wales and Victoria, Australia. • • The Dogwood Project was discovered by Australian Anglo America Prospecting (AAAP) in 1980 and last drilled by CRA Exploration in 1993 and 1994 The US Geological Survey (USGS) has identified the western margin of the Lachlan Fold Belt as being prospective for porphyry copper-moly-gold deposits, specifically highlighting the potential of Dogwood Drill intercepts from CRA show anomalous molybdenum grades within the intrusion, and high copper grades across a significant alteration and mineralisation footprint of approx. 4km x 2km A review of CRA drilling data produced intersections including': . 24.4m @ 0.77% Cu, including, 13.2m @ 1.33% Cu (hole finished in mineralisation as shown in the image on next slide) 30m @ 0.5% Cu including 8m @ 1.2% Cu 2m @ 8 g/t Au Political boundaries from U.S. Department of State (2009) Asia South Albers Equal Area Conic Projection Central meridian, 148.5°E, latitude of origin, 35°S FIRSTAU 0 25 50 75 100 KILOMETERS 0 %'s 50 MILES 1. See ASX announcement 22 Sep 2021 Investor Presentation | June 2022 | Page 7#8For personal use only Victoria DOGWOOD PROJECT 589.430E 5.840.750m SECTION Metaquartzose sandstone and phyllite (slatey) interbeds DD940R46 24.4m @0.77% Cu including 13.2m @ 1.33% Cu FIRSTAU D09-40R46 RC330R09 -25m SSIK 2017 Metaquartzose sandstone and phyllite (slatey) interbeds 598.452mE 5.840.898mN 400mAHD • A review by the Geological Survey of Victoria (GSV) concluded that the previous drilling undertaken by CRA and Anglo-American Prospecting, did not go deep enough FAU progressing through its 2,000m diamond drill program. Evidence from core to date showing indicators of porphyry system Geoscience ANALYST DD940R45 14.4m @0.4% Cu pervas 75m aprite P Pyrite & chalcocite 37m Q gom -75m -50m SS.QX.C 400mAHD RC930R09 34m @ 0.3% Cu (from 44m) including 6m @ 0.5% Cu DD940R40 12m @ 0.47% Cu OPEN 92350 SSK BOX trace py-bo 100m SSH.CA -108m 300mAHD Copper- Molybdenum Target Zone RC94BS4 RCS BSS Cu Zone Cu Zone 175 350 525 700 DD940R46 13.1m @ 1.33% Cu RICOLORETONG COR Au Zone Gold Target Zone RC940R43 2m @ 7.94g/t Au View NW Oblique Investor Presentation | June 2022 | Page 8#9Victoria SNOWSTORM PROJECT Ben Johnson 13 g/t Au 6 g/t Au Alma SNDDHP2012 -4.8m @ 5.8g/t from 54.7m including 0.5m @ 16.15g/t Au from 15.7m & 1.4m @ 5.99g/t from 77.1m including 0.5m @ 9.08g/t from 78m SNDDHP2014 -0.55m @ 8.33g/t from 61.2m & 1.2m @ 3.02g/t from 65m including 0.1m @ 22.6g/t from 67.3m For personal use only Legend o Historic Working Historic Rockchip Current Drilling 79g/t Au 37g/t Au 112 g/t Au 43 g/t Au Strike of Gold Mineralisation PL 007319 EL 005505 8.43 g/t Au 6.16 g/t Au 14.6 g/t Au 18 g/t Au 9.17 g/t Au 0 50 meters The Snowstorm project is located in the historic Swifts Creek Goldfields which has produced around 100,000oz Au Historic data highlights evidence of high-grade mineralisation, with drill intersections > 35 g/t Au and mullock samples up to 123 g/t Au¹ Rock chips collected by FAU while undertaking field exploration highlighted a reef structure open along strike and down dip, with samples up to 112 g/t Au² FAU has now completed two diamond drilling programs at the project over the last 12-months for a total of 2,791m, with the following highlights 3,4,5,6 • 3.1m @ 11.6 g/t Au from 53m, including 0.8m @ 33.3 g/t Au from 54m 1.2m @ 8.5 g/t Au from 63.6m, including 0.2m @ 49.3 g/t Au 6.4m @ 4.1 g/t Au from 28.5m, including 0.2m @ 59.2 g/t Au from 29.3m 3.6m @ 5.3 g/t Au from 60.9m, including 0.4m @ 23.8 g/t Au from 63.15m 4.8m (true width) @ 5.8 g/t Au from 62.3m, including 0.5m @ 16.15 g/t Au from 56.7m SNDDHP2007 -0.5m @7.64g/t Au from 10.8m SNDDHP2009 -0.2m @ 23.2g/t from 8.8m 13.1 g/t Au SNDDH002-3.1m @ 11.6 g/t Au including 0.8m @ 33.3 g/t Au 1.33 g/t Au SNDDHP2004 - 1.2m @ 5.82 g/t Au including 0.4m @ 12.35g/t Au SNDDHP2006-0.2m @ 5.91 g/t Au from 33.8m 11.4 g/t Au EL 007335 SNDDHP2001-1.65m @ 1.5 g/t Au SNDDHP2002-6.4m @ 4.1 g/t Au SNDDHP2003-3.6m @ 5.3 g/t Au SNDDHP2010-0.3m @ 23.9 g/t Au ◆ 2021 FAU Program 2019 Historic Drilling 2021 Microsoft Corporation 2021 Maxar CNES (20 Mineralised system open along strike (yellow arrow) and depth at Snowstorm (Coordinate in MGA94 Zone FIRSTAU 55)1,2,3,4,5,6 1. See ASX announcement 30 Oct 2020, 2. See ASX announcement 1 Dec 2021, 3. See ASX announcement 7 Apr 2021, 4. See ASX announcement 10 Jun 2021, 5. See ASX announcement 14 Jan 2022, 6. See ASX announcement 1 Apr 2022 Investor Presentation | June 2022 | Page 9#10For personal use only 554500X Victoria SNOWSTORM PROJECT 0.39 555000X 0.60 Adit Block 'B Block 'A 3:09 33.10 $13.27 1.64 6.40 Target Shear 0.53 Preliminary polygonal 3D mineralised zones (red outlines) at Snowstorm underneath existing adit (blue) FIRSTAU 500Z With the receipt of consistent assays across mineralised zones, the next stage of exploration is to develop a bulk sampling program The planned development is designed around the target mineralised 3D blocks (image to the left) that have produced robust intersections in the lower zone of the project The purpose is to determine a more detailed understanding of the geological controls, framework, and metallurgical characteristics of the project The process to apply for and receive approval to undertake the proposed bulk sampling program is expected to take approximately 12- months. Investor Presentation | June 2022 | Page 10#11For personal use only Victoria SNOWSTORM Midas 500 Old Fashion 1,000 m FIRSTAU Unnamed Wilson EL007335 Snowstorm Mineralised Shear Trend OPEN El Dorado Elisabeth Weston 奖 父 Mount Hepburn Old Adit nnamed King Cassilis Tailin Unnamed Old Shaft Unnamed Snowstorm EL5505 Ben Johnson Blue Jacket Sebastopol Ama Snowstorm PL007319 Granodiorite hosted Au Himalaya Charlotte With the recent granting of EL007335, the Snowstorm project has potential to deliver further upside The Snowstorm mineralised trend is open to the west, where the new tenement contains numerous high potential targets Elizabeth Reef Shaft 4 Unnamed Elizabeth Investor Presentation | June 2022 | Page 11#12UNNAMED 5857000 Victoria HAUNTED STREAM PROJECT 000195 5858000 come Pty John Guthrie Sence Little Arthur 563000- Brunswick Extender South For personal use only 5 5853000 5854000 FIRSTAU 5855000 552:000 5856000 Dawson City 563000 MOOMBA SPUR 564000 565000 Mt. Dow G.M. Co. The Commotion G.M. Co. Dow Extended Mt. Dow Extended South West Hans G.M.Cohn May AK Magazine David Sinclair North Exhibition G.M. Co David Sinclair Naic Inmancan Exhibition Hans Consols Brothers Extended G.M. Co. 565000 The Exhibition Lease James Fane Queen Rose of Denmark Federal Sisters North Brothers Native Youth G.M. Syndicate : Victoria Reese Star of the East Palka Sunrise Walla Rob Roy Consols John Langtree Reilly Governor General Rob Roy John Langtree Reily Oversight Rosebud Reef 566000 567000 Albert Murrell Treasury 567000 The Just in Time Octopus HAUNTED STREAM Ernestine North King of the Stream G.M. Co. Emestine Reef Mikado Lone Hand Reef Hibernia Reef Wison and Sava New Stiring Pty G.M So. New Stirling GM. Co. 569000- Jubilee G.M. C Nevada G.M. C 568000 ANGORA RANG KELTY 58580000 5857000 5856000 5855000 5854000 5853000 At Haunted Stream, over 150 historical workings exist across an area covering 8.5km in strike length The extent of the mineralised footprint implies that a large hydrothermal system is required to drive the sites of mineralisation across such a large area Investor Presentation | June 2022 | Page 12#13For personal use only Victoria HAUNTED STREAM PROJECT 562000 42.9 g/t 17.2 g/t 543000 54-4000 345000 566300 147000 348000 45.5 g/t 244 g/t 12.6 g/t 52.5 g/t 13.3 g/t 27.2 g/t 3.38 g/t COMMOTION 87.7 g/t 17.4 g/t 54.1 g/t 3.02 g/t HANS LODES 1.25 g/t 3.05 g/t 12.6 g/t ROB ROY 63.8 g/t 21.2 g/t 10.2 g/t Historic Workings Quartz-Arenites Black Shales - Slates Dominated Dominated Siltstone Dominated Diorite Mapped Auriferous Reefs Faults/Shears Fold Axis Scale 1 km $42000 Haunted Stream Gold Project EL006816 15.7 g/t 450m 549000 Rock Chips in g/t Au sourced from Company Reports. Historic Productions 1890's . . Hans Lodes 1844oz @ 10g/t Au Rob Roy - 1771 oz @ 31g/t Au Ernestine - 927oz @ 39g/t Au Hibernia-816oz @ 17g/t Commotion 1315 oz @ 30g/t Au 444.8 g/t 33.3 g/t ERNESTINE HIBERNIA TMI RTP Aeromagnetics km 563000 564000 565000 146000 567000 548000 149000 Historic mine records from the Victorian Government, show a history of alluvial and hard-rock 'reef' mining extracting ore, typically 15-30 g/t Au (with some reefs producing > 150 g/t Au¹), from the 1860's up until the early 1900's Historical mining was challenged by heavy ingress of groundwater and poor airflow, two issues that modern technology can overcome FUA's initial exploration focus for the project is along the Ernestine-Hibernia trend (SE of the image to the right) From underground and surface mapping, gold mineralisation is observed occurring as steep south- west plunging shoots hosted within a dextral-normal ~2-5m wide fault zone FIRSTAU 1. See ASX announcement 3 Jan 2020 Investor Presentation | June 2022 | Page 13#14For personal use only Victoria HAUNTED STREAM PROJECT 5854700 5854600 FIRSTAU 100 m Target Zones Hibernia R e Stream & PCH Target Zones Battery Ad Lone Hanc Real ove and Ub one Han olden Wedge c HAUNTED STREAM 5854700 585-0 • . • In 2007, Mantle Mining drilled ~800m comprising 7 holes targeting the historic workings (blue). The drilling did not target the steep shoots, instead, focussed on the faults hosting the mineralisation FAU Drilling will target the shoots and extensions of shoots across the Ernestine - Hibernia corridor FAU is currently undertaking soil sampling, field mapping and underground rehab works in preparation for the drilling program (planned for commencement on completion of Dogwood) Investor Presentation | June 2022 | Page 14#15For personal use only South Australia MABEL CREEK PROJECT FIRSTAU 6,300,000 TN Mabel Creek 6.600.000 mN kilometers 100 FIRSTAU ⚫Challenger •Tarcoola Cairn Hill 600,000 Prominent Hill Legend (Granted and Application Tennure) fau_ten_20201005 Oz Minerals bhp Rio Tinto FMG o Au/IOCG Deposits ⚫Olympic Dam •Carrapateena • • FAU has secured over 1,000km² of tenure within the highly prospective Mabel Creek area of the northern Gawler Craton through internal project generation Mabel Creek tenure is surrounded by tenements from major mining houses, including BHP, RIO, FMG and Oz Minerals The Mabel Creek area was identified by the winner and runner-up of the SA Government "Gawler Challenge" as one of the key prospective areas underexplored for IOCG and Central Gawler-style Au Mineralisation FAU has applied for co-funding for drilling under the South Australian Government Advanced Discovery Initiative Native Title agreement progressing Investor Presentation | June 2022 | Page 15#16South Australia MABEL CREEK PROJECT For personal use only 6780000 6790000 6800000 6810000 421000 FIRSTAU 421000 430000 430000 439000 448000 457000 439000 448000 457000 466000 Legend Preliminary_Targets PGN_Lithologies PGN_Structures Litho Gardner Suite Dyke 6810000 6790000 6800000 6780000 466000 Type Late Brittle Strike-Slip SZ F3 Axial Trace (Thrust -F1/2 - Axial Trace • S_GRA C_MCR_Amphibolite C_MCR_Undiff_SchistsAndGneiss N_CPR_QtzGtMag_Gneiss N_CPR_GneissSchists C_CPR Jaspilite C_CPR GneissAndSchists C_CPR_QtzGtMag_Gneiss C_CPR_Undiff_GneissAndSchists First Au has completed a new geological interpretation and assessment of the prospectivity of the project Geological setting similar to that of the Challenger deposit, South Australia, which produced ~1.2Moz from 2002-2018 First Au is in the process of developing an RC drilling program to test the basement geochemistry Investor Presentation | June 2022 | Page 16#17For personal use only South Australia MABEL CREEK PROJECT 6800000 300000 6750000 + 6650000 6550000 6500000 FIRSTAU 350000 400000 50000 500000 550000 600000 650000 700000 750000 800000 Challenger Mabel Creek Cairn Hill Knob Highly Prospective Mineralised Corridor 6740000 Prominent Hill Olympic Dam Carrapateena Carapateena 68+0000 6740000 6640000 6600000 The highly prospective corridor shown left highlights potential for a Cairn Hill style magnetite- copper-gold deposit within the southern part of the project area, hosted within the Mount Woods, Coober Pedy and Olympic Domains iron formation. The Cairn Hill resource is 11.4 Mt at 49.5% Fe (magnetite) 0.4% Cu and 0.1 g/t Au. 100 km 400000 450000 500000 550000 600000 650000 700000 75-6000 800 65-50000 10000 Investor Presentation | June 2022 | Page 17#18For personal use only Western Australia GIMLET GOLD PROJECT -00000000 6,606,000m N E26/174 M26/849 Drill Collar - Max down hole gold value > 30 g/t Au 10 - 30 g/t Au 2 - 10 g/t Au 0.5-2 g/t Au 0.1-0.5 g/t Au < 0.1 g/t Au 2000000000 00000000000 Abattoir Shear N Gimlet (120,000 oz Au) Jacques Find (132,000 oz Au) 500 metres Teal (128,000 oz Au) Peyes Farm (29,000 oz Au) • • • The Gimlet Gold Project (E26/174 & MA26/849) is strategically positioned 15km NW of Kalgoorlie, in an area rich in infrastructure and potential toll treatment options The project has Mineral Inferred Resource estimate of 1,166,000 tonnes at 3.2g/t Au for 120,000 ounces at a 1 g/t cut-off¹ First Au is progressing a mining lease application and views Gimlet as having potential for a mining operation • FAU is currently undertaking metallurgical test work on samples from the project to determine if gold can be extracted at economic levels. Early indications are that the results are promising and will assist the Company is advancing the project FIRSTAU 1. See ASX announcement 23 Jun 2021 Investor Presentation | June 2022 | Page 18#19For personal use only FIRSTAU Investment Summary First Au is actively exploring its Victoria tenements, with drilling underway at the highly prospective Dogwood porphyry copper project and drilling at Haunted Stream to follow. This follows highly encouraging results from drilling at Snowstorm The Company has significant tenure in an underexplored region of Victoria, that has proven historical mines producing high-grade gold > 30 g/t Au Mabel Creek, South Australia and Gimlet, Western Australia, provide diversity to company assets and present potential to deliver value to shareholders in conjunction with Victorian projects. Investor Presentation | June 2022 | Page 19#20Thank you For personal use only Key Contacts Ryan Skeen CEO +61 409 000 479 [email protected] Bryan Frost Media & PR Contacts Rod North Executive Chairman, Managing Director Managing Director +64 418 898 885 [email protected] Bourse Communications +61 408 670 706 [email protected] Investor Presentation | June 2022 | Page 20 FIRSTAU