RCS - First Dev. Resources - Selta: Operational Preparations Ahead of Drilling

First Development ResourcesAnnouncement

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RNS Number : 1607E  First Development Resources PLC  14 May 2026

14 May 2026

First Development Resources plc

('First Development", "FDR" or the "Company')

Selta Project: Operational Preparations Ahead of Drilling

Operational Preparations Advance Ahead of Maiden RC Drilling at Lander West
Gold Target

First Development Resources plc (AIM: FDR), the UK-based, Australia-focused
exploration company with mineral interests in the Northern Territory and
Western Australia, is pleased to provide an update on preparations ahead of
the commencement of the Company's fully funded maiden Phase I Reverse
Circulation ("RC") drilling programme at the Lander West gold ("Au") target,
part of its 100%-owned Selta Project located in the Northern Territory,
Australia.

The drilling programme is designed to test recently defined high-priority Au
targets identified through the Company's integrated geological, geophysical
and geochemical interpretation programmes along the prospective Stafford Gold
Trend.

HIGHLIGHTS

·    Operational preparations advancing ahead of fully funded maiden Phase
I RC drilling programme at the high-priority Lander West Au target planned for
later this year

·   Alice Springs-based Transport, Maintenance & Engineering Pty Ltd
("TMAE") appointed as preferred earthworks contractor for access and drill pad
establishment ahead of mobilisation

·    Pre-mobilisation site visit commencing next week to review priority
drill locations and finalise field logistics ahead of drilling

·    All key regulatory approvals secured with mobilisation planning and
drilling preparations continuing ahead of commencement later this year

Tristan Pottas, Chief Executive Officer of FDR, commented:

"The commencement of pre-mobilisation activities represents another important
milestone as we advance towards maiden drilling at Lander West. Following the
recent refinement of multiple high-priority drill targets, the Company is now
transitioning from exploration planning into operational execution ahead of
drilling.

"The recent completion of integrated geophysical interpretation has
significantly enhanced our understanding of the mineralised structural
architecture at Lander West and strengthened confidence in the upcoming maiden
drilling programme. Importantly, the Company is fully funded to complete the
Phase I RC drilling programme at Lander West.

"The appointment of TMAE provides the Company with an experienced Alice
Springs-based contractor familiar with operating in remote Central Australian
environments. Combined with the recent appointment of GeoDrill Australia as
drilling contractor, we now have key operational partners in place as
preparations continue to advance.

"The upcoming site visit will allow us to engage directly with stakeholders,
review planned drill locations and finalise preparations ahead of mobilisation
later this year. We look forward to providing further updates as activities
continue to progress."

PRE-MOBILISATION SITE VISIT

The pre-mobilisation site visit commencing next week forms part of the
Company's broader field planning and mobilisation programme ahead of
commencement of drilling activities at Lander West.

The visit will focus on reconnaissance of existing access routes to the Lander
West work area, inspection of proposed drillhole collar locations and review
of planned infrastructure corridors ahead of mobilisation of the earthworks
contractor. The programme is intended to ensure all field activities are
appropriately planned and executed in accordance with approved environmental
and operational management frameworks.

All earthworks associated with the drilling programme, including access
preparation, drill pad establishment and associated infrastructure, will be
undertaken in accordance with the conditions of the Company's granted
Environmental Mining Licence ("EML") and certified Risk Management Plan
("RMP").

During the visit, Company representatives will also engage with key
stakeholders, including pastoral leaseholders, consultants and representatives
of the Northern Territory Government, as preparations continue for
commencement of drilling operations later in the year.

In addition, the Company expects to meet with representatives of GeoDrill
Australia Pty Ltd ("GeoDrill"), recently appointed as drilling contractor for
the Phase I RC drilling programme at Lander West. GeoDrill is currently
undertaking drilling activities along the Stafford Gold Trend on neighbouring
ground, providing an opportunity to coordinate mobilisation planning and
operational activities ahead of commencement of drilling.

APPOINTMENT OF EARTHWORKS CONTRACTOR

The Company is also pleased to announce the appointment of Transport,
Maintenance & Engineering Pty Ltd ("TMAE") as preferred earthworks
contractor for the establishment of access and drilling infrastructure at
Lander West.

TMAE is an Alice Springs, Northern Territory-based contractor providing heavy
equipment maintenance, earthmoving support, mobile mechanical services and
remote field operations support across Central Australia. The company has
extensive experience operating in remote and logistically challenging
environments and supports a range of mining, civil construction, transport and
earthmoving operations throughout the Northern Territory.

The Company selected TMAE based on its regional operational capability, local
knowledge, remote-area logistics experience and ability to provide responsive
field support during exploration activities in Central Australia. The
appointment of an experienced locally based contractor is expected to support
efficient and cost-effective programme execution during site establishment and
drilling preparation activities.

Representatives from FDR and TMAE are expected to meet during the site visit
to finalise preparations for establishment of approved access tracks, drill
pads and associated infrastructure ahead of drilling mobilisation.

The Company expects to provide further updates as site preparation activities
progress towards commencement of drilling operations later this year.

For further information visit www.firstdevelopmentresources.com
(http://www.firstdevelopmentresources.com) or contact the following:

 First Development Resources plc  Tel: +44 (0) 7790 589 364

 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 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.

SELTA PROJECT INDICATIVE OPERATIONAL TIMELINE

Indicative operational milestones for exploration activities at the Selta
Project. Schedule subject to change.

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