First Development Resources plc has deferred, until January 2026, an aerial survey over the Lander West gold target at the Selta project in the Aileron Province of Northern Territory, Australia.
GOLD TREND
The company’s three exploration licences, in total covering almost 1,600 km², are also focused on uranium, rare earth elements and base metals with potential for lithium.
Two gold target areas, Lander West and Yundurbulu, have been set as priorities.
First Development said that Yundurbulu was “highly prospective and close to known mineralisation”.
Initial exploration is focusing on the Lander West gold target which the company interprets as a “continuation of the Stafford gold trend”.
Recent third-party activity has delineated “high grade gold and antimony” on ground adjacent to Lander West.
“A high-resolution magnetic geophysics survey across the Lander West target will provide critical data to evaluate the structural setting and refine target potential, guiding the planning of follow-up drilling,” added First Development.
The explorer is also awaiting analysis results from a first-pass sampling programme on two priority rare-earth elements targets, Ingallan and West Nintabirnna.
First Development is a spin-out of Power Metal Resources plc which, as of 22 December 2026, holds 33.04% of the company.