RCS - First Dev. Resources - Drilling Contractor Appointed for Wallal Project
01/08/2025 09:45
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RNS Number : 5822T First Development Resources PLC 01 August 2025
01 August 2025
First Development Resources plc
('First Development", "FDR" or the "Company')
Drilling Contractor Appointed for Wallal Project
First Development Resources plc (AIM: FDR) a UK based, Australian focused
exploration company with mineral interests in Western Australia and
Australia's Northern Territory, is pleased to announce that it has appointed
DDH1 Drilling Pty Ltd ("DDH1 Drilling") to undertake the Company's Phase I
diamond core drilling programme at its Wallal Project in the Paterson Province
of Western Australia.
Established in 2006, DDH1 Drilling is a leading provider of technically
innovative drilling services to the Australian mineral exploration and mining
industry. DDH1 is part of the Perenti Group (ASX: PRN), an Australian
Securities Exchange listed, diversified mining services group with interests
in contract mining, drilling services, mining services and technology
solutions. DDH1 Drilling is a leading provider of technically innovative
drilling services to the Australian mineral exploration and mining industry.
Specialising in diamond core drilling, DDH1 delivers high-quality, accurate
samples from depths of up to 3,000 metres, supported by an experienced team,
best practice safety systems and a modern multipurpose drilling fleet. DDH1
have extensive experience operating in the Paterson region working on notable
projects including Greatland Resources' (LON: GGP) discovery drillholes at
Havieron.
With the drilling contract signed the Company will now prepare the
infrastructure at Wallal for the mobilisation of the drill rigs to site as
soon as practicable for the commencement of drilling.
Tristan Pottas, CEO of FDR, commented:
"We are delighted to have contracted the services of DDH1 to implement the
Phase I diamond core drilling programme at our Wallal project in the Paterson.
Throughout FDR's listing process DDH1 has remained committed to partnering
with FDR and following the Company's Admission to AIM earlier this week we are
pleased to formalise our relationship as we move towards commencing drilling
operations at the earliest convenience. Representatives for the Company will
be on site at Wallal next week to assess what level of maintenance to the
existing infrastructure may be required to facilitate mobilisation. We look
forward to proving further updates in the very near future."
For further information visit www.firstdevelopmentresources.com
(http://www.firstdevelopmentresources.com) or contact the following:
First Development Resources plc Tel: +44 (0) 20 3778 1397
Tristan Pottas (CEO)
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ABOUT FIRST DEVELOPMENT RESOURCES
First Development Resources' assets comprise eight granted tenements covering
a total area of 2,314.4km(2). Five of the tenements, comprising three
prospective copper-gold projects, are located in Western Australia (WA) while
the remaining three tenements, comprising a rare-earth element (REE), uranium,
lithium and gold project, are located in the Australian's Northern Territory.
All tenements are wholly owned by FDR. The assets are a mixture of drill ready
and earlier stage exploration.
The WA Projects include the Company's flagship Wallal Project as well as Ripon
Hills and Braeside West Projects situated in the Paterson Province, which is
widely regarded as one of the most productive regions in Australia for the
discovery of world-class gold-copper deposits, and which is home to several
world-class mines and more recent discoveries.
The Selta Project in the Northern Territory is located in an area considered
highly prospective for uranium and rare-earth element mineralisation along
with base and precious metal mineralisation. Numerous companies are actively
exploring within the region.
Beyond the existing portfolio, FDR is actively looking to expand its portfolio
through the acquisition of early-stage exploration projects in Australia.
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