RCS - First Dev. Resources - Update on Selta Project

First Development ResourcesAnnouncement

27/04/2026 07:00

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RNS Number : 8976B  First Development Resources PLC  27 April 2026

 

27 April 2026

First Development Resources plc

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

Selta Project - Notice of Authority to Commence Mining Activities at Lander
West

First Development Resources plc (AIM: FDR), the UK-based, Australia-focused
exploration company, is pleased to announce that it has received formal Notice
of Authority to Commence Mining Activities at the Lander West gold target,
part of its 100%-owned Selta Project in the Northern Territory, Australia.

The notice has been issued by the Northern Territory Government following the
Company's successful application for an Environmental (Mining) Licence ("EML")
(Exploration Licence No: EL32755), and the lodgement and acceptance of the
required security bond.

This approval represents a key regulatory milestone and enables the Company to
proceed with the commencement of mining activities, specifically Reverse
Circulation ("RC") drilling at the Lander West gold Target in accordance with
the approved environmental and operational conditions.

With all necessary approvals now secured, FDR can proceed with drilling at
Lander West - a critical step in advancing the Selta Project and unlocking its
gold potential. The commencement of drilling will mark the Company's first
material move into active exploration on the ground at Selta, with results
expected to drive news flow and project momentum.

The Company will provide further updates as pre-mobilisation and operational
activities progress.

HIGHLIGHTS

·   Notice of Authority to Commence Mining Activities received (dated April
21(st) 2026) from the Northern Territory Government Department of Mining and
Energy

·   Environmental (Mining) Licence security bond lodged and accepted in
full clears pathway for Phase I RC Drilling Programme at Lander West gold
Target

·    Preparations for Phase I RC Drilling Programme underway

Tristan Pottas, Chief Executive Officer of FDR, commented:

"Receiving the formal Notice to Commence Mining at Lander West marks a
significant step forward for the Company as we transition from target
generation into drilling operations.

With all key regulatory approvals now in place, including the grant of our
Environmental (Mining) Licence and acceptance of the security bond, we are
focused on progressing towards commencing the Phase I RC Drilling Programme in
the near term.

Lander West represents an important opportunity within our 100%-owned Selta
Project, and we look forward to updating shareholders as we move into the next
phase of development."

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 Australia'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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