FDR is a United Kingdom–based, Australia-focused exploration company with mineral interests spanning three copper–gold projects in Western Australia (WA) and a lithium, rare earth element (REE), uranium and gold project in the Northern Territory (NT). Through a targeted and strategic acquisition program, FDR has assembled a highly prospective portfolio within established Australian mineral provinces, offering strong potential for a variety of polymetallic mineralisation styles.
Western Australia
Western Australia’s Paterson Province is recognised as one of Australia’s most productive regions for world-class gold–copper discoveries. It hosts several tier-one mines and major recent discoveries, including Rio Tinto’s Winu, Greatland Resources’ Havieron and the long-standing Telfer operation. Despite its reputation and proven endowment, the Paterson Province remains comparatively underexplored.
FDR holds 100% ownership of three gold–copper projects within the province: its flagship Wallal Project, along with the Ripon Hills and Braeside West Projects Projects.
Northern Territory
FDR’s 100%-owned Selta Project is located in the Northern Territory, within a region considered highly prospective for lithium, uranium and REE mineralisation. The Northern Territory has a long and established history of uranium mining and is home to some of Australia’s best-known and highest-grade uranium and rare earth deposits, including Arafura Rare Earths’ world-class Nolans Project.
In addition to its critical mineral potential, the Selta Project is also regarded as highly prospective for both base- and precious-metal mineralisation.
FDR Key Information
- First Development Resources PLC (FDR) is an exploration and development company with a portfolio of mineral interests across Western Australia and Australia’s Northern Territory
- The Company completed its IPO and Admission to AIM in July 2025, raising £2,300,000 to support its operational and exploration programme.
- An oversubscribed strategic placing in October 2025 raised an additional £1.0 million, enabling the acceleration of rare-earth exploration and fast-tracking of gold drilling programmes.
- Power Metal Resources plc (LON: POW) is FDR’s largest shareholder, currently holding 33.04% of the Company.
- FDR’s Western Australian portfolio consists of three highly prospective copper–gold projects in the Paterson Province: Wallal, Braeside West, and Ripon Hills.
- The Company also owns the Selta Project in the Northern Territory — a region regarded as highly prospective for uranium and rare-earth element mineralisation, with further potential for lithium, gold, and base-metal discoveries.
