Business
Interim Results
First Development Resources PLC announced its interim results for the six months ended December 31, 2025, reporting a loss of £926,000, an increase from £176,000 in the prior year period, with a loss per share of 0.83 pence. The company successfully raised £2.3 million through its AIM IPO in July 2025 and an additional £1.0 million in an oversubscribed placing in October 2025, bringing total funds raised to £3.3 million during the period. Total assets grew to £5.9 million from £3.76 million, and net assets increased to £5.57 million from £2.75 million. Exploration activities progressed at the Wallal and Selta projects, with encouraging rare-earth element results reported from Selta. Disclaimer*
About this update from First Development Resources Plc
[{"type":"text","content":"\n\n26 March 2026\n \n \nFirst Development Resources PLC\n(\"FDR\" or the \"Company\")\n \nInterim Results\n \nFirst Development Resources PLC (LON: FDR), the AIM quoted metals exploration company, announces its unaudited interim results for the six-month period ended 31 December 2025 (the \"Period\").\n \nKEY DEVELOPMENTS IN THE PERIOD TO 31 DECEMBER 2025\nThe six-month period to 31 December 2025 represents a transformational phase for First Development Resources PLC, highlighted by the Company's successful Admission to the AIM segment of the London Stock Exchange in July 2025 raising £2.3 million before expenses (the \"IPO\"). Admission marked a significant milestone, providing access to international growth capital and establishing a strong public market platform from which to advance our Australian exploration portfolio.\nIn October 2025, the Company successfully raised a further £1.0 million in response to market demand through an oversubscribed placing. The placing materially strengthened the balance sheet and enabled the continued systematic progression of our priority assets, while maintaining a disciplined and capital-efficient exploration strategy.\nProceeds from the IPO and subsequent placing were promptly deployed across the Company's exploration portfolio. Key operational highlights during the period included:\n· Completion of the Phase I diamond drilling programme at the Eastern Anomaly within the Wallal Project, Paterson Province, Western Australia.\n· Advancement of the gold exploration strategy at the Lander West gold target within the Selta Project, Northern Territory.\n· Acceleration of rare-earth element (REE) exploration at Selta, with focused targeting at the high-priority West Nintabrinna and Ingallan prospects.\nTogether, these activities reflect the Company's commitment to systematic exploration, disciplined capital allocation and the advancement of drill-ready targets capable of delivering sustainable shareholder value.\n \nKEY DEVELOPMENTS SINCE 31 DECEMBER 2025\nSubsequent to the reporting period, exploration activities have accelerated at the Company's Selta Project in the Northern Territory, Australia, with a focus on advancing structural understanding at the Lander West gold target.\nThe Company commissioned a hi...