Commencement of Phase I RC Drilling at Lander West
First Development Resources PLC
13 July 2026
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13 July 2026
First Development Resources plc
('First Development", "FDR" or the "Company')
Commencement of Phase I RC Drilling at Lander West
First Development Resources plc ("FDR" or the "Company"), the Australian-focused exploration company, is pleased to announce the commencement of its Phase I Reverse Circulation ("RC") drilling programme at its flagship Lander West gold target within the Selta Project in the Northern Territory.
The Phase I programme has been designed to test multiple high-priority gold targets generated through the Company's systematic exploration programme, including geological mapping, geochemistry, airborne magnetics, Gradient Array Induced Polarisation ("GAIP") geophysics and target generation.
The programme is expected to comprise up to approximately 3,000 metres of RC drilling and will be completed in stages, allowing geological observations from the initial holes to inform subsequent targeting. The Company will provide further updates as the programme progresses and as results become available.
Tristan Pottas, Chief Executive Officer, commented:
"The commencement of drilling at Lander West marks an important milestone for the Company and represents the culmination of many months of systematic exploration, technical evaluation, planning and permitting. We now look forward to testing these compelling targets and providing shareholders with updates as the programme progresses."
For further information visit www.firstdevelopmentresources.com or contact the following:
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First Development Resources plc Tristan Pottas (CEO) |
Tel: +44 (0) 20 3778 1397 |
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Beaumont Cornish Limited Nominated Adviser Roland Cornish / Asia Szusciak |
Tel: +44 (0) 20 7628 3396 |
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SI Capital Limited Broker Nick Emerson |
Tel: +44 (0) 1483 413 500 |
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
ABOUT FIRST DEVELOPMENT RESOURCES
First Development Resources' assets comprise eight granted tenements covering a total area of 2,314.4km2. Five of the tenements, comprising three prospective copper-gold projects, are located in Western Australia (WA) while the remaining three tenements, comprising a rare-earth element (REE), uranium, lithium and gold project, are located in the Northern Territory. All tenements are wholly owned by FDR. The assets are a mixture of drill ready and earlier stage exploration.
The WA Projects include the Company's Wallal Project as well as Ripon Hills and Braeside West Projects situated in the Paterson Province, which is widely regarded as one of the most productive regions in Australia for the discovery of world-class gold-copper deposits, and which is home to several world-class mines and more recent discoveries.
The Selta Project in the Northern Territory is located in an area considered highly prospective for uranium and rare-earth element mineralisation along with base and precious metal mineralisation. Numerous companies are actively exploring within the region.
Beyond the existing portfolio, FDR is actively looking to expand its portfolio through the acquisition of early-stage exploration projects in Australia.
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