First Development Resources plc, a spin-out of Power Metal Resources plc, began trading today on AIM.
INTERESTS
On admission, Power Metal will hold 43.44% of the Australian-focused company’s issued share capital.
First Development owns three prospective copper-gold projects of Wallal, Ripon Hills & Braeside West in the Paterson Province, Western Australia.
The company also holds the Selta uranium and rare earth elements project in the Northern Territory.
FDR’s board comprises chairman Michael Moore, chief executive officer Tristan Pottas, non-executive director Luke Cairns and finance director Ben Hodges.