First Development Resources plc has progressed exploration activities, with “real momentum”, at its Selta polymetal project in the Aileron Province of the Northern Territory, Australia. EXPANSION The company holds three exploration licences, covering in total nearly 1,600 km², and prospective for uranium, rare earth elements, base and precious metals. At the Lander West gold priority target, […]
Tag: First Development Resources plc
First Development completes Lander West survey
First Development Resources plc has completed a high-resolution aeromagnetic and radiometric geophysical survey over the Lander West gold target on the Selta project in the Northern Territory, Australia. DRILLING Results of the survey, which covered around 4,200-line kilometres, will help determine targets for drilling gold mineralisation, associated with “anomalous surface geochemical and historical shallow drilling […]
First Development to expand WA footprint
First Development Resources plc has applied for three new exploration licences in the Paterson Province of Western Australia. HERITAGE The licences, E45/7205, E45/7206 and E45/7207 are immediately to the east of the company’s existing Wallal licences. First Development said that the new sites cover ground previously held by Rio Tinto Exploration. The applications have yet […]
First Development defers gold surveys at Selta
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 […]
Power Metal reduces shares in FDR
Power Metal Resources plc has reduced its shareholding from 43.44% to 33% in its Australia spin-out First Development Resources plc. The sale on 31 October results in Power Metal holding 45,987,594 votes in FDR and, as at 6 November, Power Metal remained the largest single shareholder. FDR is exploring for base and precious metals, lithium […]
First Development raises £1m
First Development Resources plc has raised £1 million through an over-subscribed discounted placing of 33,333,333 new ordinary shares of one pence each in the company. TVRs The issue price of three pence per placing share is an 8% discount from the middle close market price of 3.25p as at the close of business on 24 […]