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Operational Update – Selta Project
First Development Resources plc provided an operational update for its Selta Project, reporting that the GAIP geophysical survey at the Lander West gold target is approximately 50% complete and expected to resume in early April, with integrated data interpretation already guiding future drilling programs. The company applied for an Environmental (Mining) Permit in February 2026, anticipating determination in Q2 2026, and is seeking co-funding from the Northern Territory Government's Resourcing the Territory program. Additionally, an unmanned airborne vehicle magnetic survey is scheduled for May 2026 over the Hawkshead lithium-REE target, and fieldwork for rare-earth element exploration at West Nintabrinna and Ingallan is planned for Q3 2026. Disclaimer*
About this update from First Development Resources Plc
[{"type":"text","content":"\n\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM THE UNITED STATES OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.\n17 March 2026\nFirst Development Resources plc\n('First Development\", \"FDR\" or the \"Company')\nOperational Update - Selta Project, Northern Territory\nFirst Development Resources plc (AIM: FDR), the UK-based, Australia-focused exploration company with mineral interests in Western Australia and the Northern Territory, is pleased to provide an operational update for its Selta Project (\"Selta\" or the \"Project\") located in the Aileron Province of Australia's Northern Territory.\nHIGHLIGHTS\n· Lander West Gold Target - GAIP Survey - GAIP geophysical survey at the Lander West gold target approximately 50% complete, with fieldwork expected to resume in early April following weather-related suspension in Central Australia.\n· Data-Driven Drill Targeting - Integrated interpretation of GAIP, aeromagnetic, radiometric, and geochemical data is underway. Early results are already guiding design and prioritisation of future air core drilling and reverse circulation drilling programmes at Lander West.\n· Permitting and Government Support - Environmental (Mining) Permit applied for in February 2026, with determination expected in Q2 2026. Co-funding from the Northern Territory Government's Resourcing the Territory 'Geophysics and Drilling Collaborations' (\"GDC\") programme is being pursued to offset exploration costs.\n· Lithium and Rare-Earth Exploration - UAV magnetic geophysics survey scheduled for May 2026 over Hawkshead lithium-REE target to identify pegmatite structures. REE exploration at West Nintabrinna and Ingallan continues, with fieldwork planned for Q3 2026.\nTristan Pottas, Chief Executive Officer of FDR, commented:\n\"We are advancing the Selta Project with real momentum. The GAIP survey at Lander West will recommence soon, and the integrated analysis of our geophysical and geochemical data is already sharpening our drill targets. With an Environmental (Mining) Permit application underway, government co-funding support being pursued, and new lithium and rare-earth opportunities being actively explored, we are posit...