A$0.008 FAU.AX First Au Limited ASX ahead of 29 Jan earnings: Gimlet drill view
FAU.AX stock trades at A$0.008 as the ASX session closed on 26 Jan 2026. First Au Limited (FAU.AX) reports earnings on 29 Jan 2026, a near-term catalyst for share movement. Volume surged to 30,926,480 shares today, well above the average of 3,823,262. We track cash, drill updates at Gimlet, and short-term liquidity ahead of the result.
Earnings timing and what to watch
First Au Limited will release results on 29 Jan 2026. The earnings announcement includes operating updates and exploration spend. Investors should watch cash burn, capital raises, and any Gimlet drilling results. These items will directly affect the microcap valuation and near-term trading range.
We note management historically flags drill assays separately. A clear update on resource definition would be the main positive catalyst in the earnings release.
FAU.AX stock: price action, liquidity and sentiment
FAU.AX closed at A$0.008 on ASX with today’s high at A$0.01 and low at A$0.008. Volume of 30,926,480 shares created a relative volume of 12.70, showing active trading interest. The share count stands at 2,621,484,707 outstanding.
High intraday volume means moves on news may be amplified. Traders should expect wide spreads and elevated volatility in this microcap gold explorer.
Financials and valuation snapshot
First Au Limited reports EPS -0.01 and PE -1.10, reflecting negative earnings. Market capitalisation is approximately A$28,836,332.00. Cash per share is low at A$0.00018 and book value per share is A$0.00107.
Key ratios show stress for a small explorer: PB ~10.23 and price-to-sales above 100. Current ratio is 1.55, implying short-term cover for liabilities. These figures point to a speculative investment profile, driven by exploration news rather than earnings cashflow.
Operations, projects and sector context
First Au Limited focuses on gold projects in Western Australia. Key assets include the Gimlet, Victoria, and Mabel Creek projects. Gimlet is closest to market attention because recent drilling could upgrade resource confidence.
The stock sits in the Basic Materials sector and the Gold industry. Larger gold peers have outperformed this small cap sector year-to-date. FAU.AX will trade with commodity sentiment and gold prices, but project-level results will determine longer-term value.
Meyka AI rates FAU.AX with a score out of 100 and model forecast
Meyka AI rates FAU.AX with a score out of 100: 63.56 / 100 — Grade B — Suggestion: HOLD. This grade factors S&P 500 and sector comparisons, financial growth, key metrics, forecasts, and analyst signals. Grades are informational and not investment advice.
Meyka AI’s forecast model projects a near-term target of A$0.010 and a 12-month forecast of A$0.012. Versus the current price A$0.008, the 12-month forecast implies an upside of 50.00%. Forecasts are model-based projections and not guarantees.
Risks, catalysts and trading strategy
Primary risks include continued negative earnings, low cash balance, and a need for further funding. Dilution risk is material for microcaps like First Au Limited. Project setbacks or weak assay results would pressure the share price.
Key catalysts are Gimlet drill results, an updated resource statement, or clearer funding guidance. Traders may scale in on positive drill news, while longer-term investors should weigh funding plans and resource growth before increasing exposure.
Final Thoughts
FAU.AX stock sits at A$0.008 as the ASX market closed on 26 Jan 2026. Near-term movement will hinge on the 29 Jan 2026 earnings update and any Gimlet assay news. Fundamental ratios, including EPS -0.01 and PE -1.10, show a loss-making explorer profile. Meyka AI’s forecast model projects A$0.012 in 12 months, implying a 50.00% upside from today. We assign short-term priority to liquidity and drill outcomes. For a conservative approach, treat FAU.AX as speculative exposure to exploration upside, and size positions to account for dilution and high volatility. Meyka AI provides this analysis as an AI-powered market analysis platform. Forecasts and grades are model outputs and not guarantees.
FAQs
When does First Au Limited report earnings?
First Au Limited (FAU.AX) is scheduled to report results on 29 Jan 2026. The release may include drilling updates, cash position, and guidance that will move the stock.
What is Meyka AI’s view on FAU.AX stock?
Meyka AI rates FAU.AX 63.56/100 (Grade B) with a HOLD suggestion. Model forecasts a 12-month price of A$0.012, noting this is a projection, not a guarantee.
What are the main risks for FAU.AX investors?
Major risks are continued negative earnings, low cash per share, potential equity raises, and disappointing drill results. Microcap liquidity and wide spreads increase trading risk.
What catalysts could lift FAU.AX?
Positive Gimlet drilling results, an upgraded resource, or clearer funding terms could lift FAU.AX. Broader gold-price strength would also help the stock.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
