First Development Resources plc (AIM: FDR) is an Australian-focused exploration company advancing a portfolio of highly prospective mineral projects, led by the flagship Selta Project in the Northern Territory.
Following the completion of extensive geophysical programmes, regulatory approvals and drill targeting studies, the Company is preparing to commence its maiden reverse circulation drilling programme at the Lander West gold target.
Investment Highlights
- 100%-owned flagship Selta Project, Northern Territory
- Multiple priority gold targets identified
- Extensive geophysical datasets completed
- Maiden drilling programme fully funded
- Regulatory approvals secured
- AU$100,000 Northern Territory Government co-funding grant awarded
- Experienced exploration team with proven Northern Territory expertise
Our Strategy
Systematic Exploration. Disciplined Capital Allocation.
First Development Resources employs a disciplined and methodical approach to mineral exploration, focusing on the identification and advancement of high-quality opportunities with the potential to deliver significant shareholder value.
The Company’s strategy combines modern exploration techniques, rigorous technical evaluation and prudent capital management to progressively de-risk projects through each stage of the exploration cycle.
Flagship Project: Lander West Gold Target – Selta Project
The Selta Project comprises a large landholding within the highly prospective Aileron Province of the Northern Territory and hosts multiple gold, rare earth and lithium opportunities.
Recent exploration has focused on the Lander West gold target, where airborne magnetics, radiometrics, geochemistry and ground induced polarisation surveys have identified several compelling drill targets associated with major structural corridors and intrusive contacts.
The Company is preparing to undertake its maiden drilling programme designed to test these priority targets.
Selta
Project
Flagship gold project with multiple drill-ready targets.
Wallal
Project
Large-scale copper-gold opportunity within the Paterson Province.
Ripon Hills and Braeside
West Projects
Iron and manganese opportunity.
Latest Developments
Government Grant Support
First Development Resources was awarded a Northern Territory Government co-funding grant to support drilling activities at the Selta Project.
Maiden Drilling Programme
Preparations are underway for the Company’s maiden reverse circulation drilling campaign at Lander West.
GeoDrill Appointment
GeoDrill Australia has been appointed to undertake the drilling programme.
Regulatory Approvals
All key approvals required for drilling activities have been secured.
Why First Development Resources?
Systematic exploration supported by modern datasets and rigorous target evaluation.
High Impact Opportunities
Exposure to discovery potential across multiple commodities and jurisdictions.
Strong Asset Ownership
100% ownership of the flagship Selta Project.
Near-Term Catalysts
Maiden drilling programme scheduled for 2026.
AIM-LISTED
First Development Resources plc is listed on the AIM market of the London Stock Exchange under the ticker: AIM : FDR
