FRSAF (First Au) Moat Score: 1/10 (As of Jun. 30, 2026)


What is First Au Moat Score?

First Au FRSAF +908.33% Moat Score is 1 as of Jun. 30, 2026. The stock has 1 warning sign investors should review. Among 2,611 Metals & Mining companies, First Au ranks better than 60.13% on this metric.

First Au has the Moat Score of 1, which implies that the company might have No Moat - Very weak/transient advantages.

First Au has No Moat: First Au Ltd operates in the mining sector with minimal competitive advantages. It lacks significant market share, intellectual property, or cost advantages, resulting in a very weak competitive position.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes First Au might have No Moat - Very weak/transient advantages.

First Au  (OTCPK:FRSAF) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

First Au Moat Score Related Terms

FRSAF vs NEM, AU: Moat Score Comparison

For the Gold subindustry, First Au's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Au Moat Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, First Au's Moat Score distribution charts can be found below:

* The bar in red indicates where First Au's Moat Score falls into.


Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 1 mean?
First Au (FRSAF) has a Moat Score of 1 as of Jun. 30, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, First Au ranks #1041 out of 2611 companies in the Metals & Mining industry, placing it in the top 39.9%.
Is First Au's Moat Score too high?
First Au's current Moat Score is 1. The Metals & Mining industry median Moat Score is 1.00. First Au's value of 1 is 0% at this industry median. Based on the distribution chart, First Au ranks #1041 out of 2611 companies in the Metals & Mining industry, which is above the industry midpoint.
How does First Au's Moat Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, First Au ranks #1041 out of 2611 companies for Moat Score. This puts First Au in the upper half of its industry. The industry median Moat Score is 1.00. First Au's value of 1 is 0% at this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,611 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Au's current Moat Score of 1 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Metals & Mining industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Au's current Moat Score is 1. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Au stock overvalued right now?
First Au (FRSAF) has a current Moat Score of 1. The current Moat Score is 1 and 0% at the Metals & Mining industry median of 1.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For First Au (FRSAF), the current Moat Score is 1 as of Jun. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

First Au Business Description

Other Exchanges FAU:Australia
Address 295 Rokeby Road, Suite 1, Subiaco, WA, AUS, 6008
First Au Ltd is engaged in the exploration of gold and base metals in Western Australia. It Victorian Gold Project and Gimlet Gold Project. The company operates in Exploration and Evaluation Segment in Western Australia and Victoria. The company operates in one segment: Exploration and Evaluation Segment, which involves exploration and development in Western Australia, Victoria and Liberia - West Africa.