First Development Resources plc plans airborne and ground surveys on “multiple prospective gold targets” at its Selta project in the Aileron Province of Northern Territory, Australia.
DRILLING
The company said that the gold targets, identified from historical reports and data, were associated with the continuation of the “regionally significant” Stafford gold trend, hosting gold and high-grade antimony to the south.
The programme, due to begin during the final quarter of 2025, will refine targets ahead of a reverse circulation drilling campaign following the wet season in the first half of 2026.
Results from the airborne survey will also help plan air-core drilling across “well-defined gold target trends”, extending from “two key gold trends” that reach below a thin layer of young sedimentary cover to the east.
Selta is additionally “highly” prospective for uranium, rare earth elements, hard rock lithium, antimony, copper and tin.
Power Metal Resources plc holds a 43.44% interest in First Development.
“This work focuses on the Selta’s prospectivity for gold, and there remains scope in the future for expanding our exploration across Selta for other minerals in the eastern part of the project area, such as lithium and rare-earth elements,” said First Development’s chief executive officer Tristan Pottas.
“In parallel to this work, we will continue to assess the learnings from our recent deep drilling at the company’s Wallal project and evaluate further targets and any requisite permissions with a view to resuming drill work when practicable in 2026.”
Wallal, along with the Ripon Hills and Braeside West projects, focuses on copper-gold exploration in Paterson, Western Australia.