RCS - First Dev. Resources - Wallal Phase I Drilling Programme Underway

First Development ResourcesAnnouncement

08/09/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250908:nRSH3059Ya&default-theme=true

RNS Number : 3059Y  First Development Resources PLC  08 September 2025

 

8 September 2025

First Development Resources plc

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

Wallal Phase I Drilling Programme underway

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 the Phase I
Diamond Drilling Programme at the Company's Wallal Project is underway. The
drilling programme has been designed to test the Eastern magnetic bullseye
anomaly identified at FDR's Wallal Project in the Paterson Province of Western
Australia.

The 28 August 2025 announcement in respect of the Phase I Diamond Drilling
Programme may be viewed below through the following link:

Wallal Phase I Diamond Drilling Update - 07:00:07 28 Aug 2025 - FDR News
article | London Stock Exchange
(https://www.londonstockexchange.com/news-article/FDR/wallal-phase-i-diamond-drilling-update/17203556)

Figure 1:FDR Wallal Phase I diamond drilling underway, Paterson Province,
Western Australia, September 2025

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)

 

About Reach announcements

This is a Reach announcement. Reach is an investor communication service aimed
at assisting listed and unlisted (including AIM quoted) companies to
distribute media only / non-regulatory news releases into the public domain.
Information required to be notified under the AIM Rules for Companies, Market
Abuse Regulation or other regulation would be disseminated as an RNS
regulatory announcement and not on Reach.

 

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.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAPKOBPPBKDACK