Business
Selta: Operational Preparations Ahead of Drilling
First Development Resources plc is advancing operational preparations for its fully funded maiden Phase I Reverse Circulation drilling program at the Lander West gold target within its 100%-owned Selta Project in the Northern Territory. The company has appointed Transport, Maintenance & Engineering Pty Ltd as its preferred earthworks contractor for access and drill pad establishment, and a pre-mobilisation site visit is scheduled to finalize logistics. All necessary regulatory approvals have been secured, and the company is fully funded for the upcoming drilling campaign, with commencement anticipated later this year. Disclaimer*
About this update from First Development Resources Plc
[{"type":"text","content":"\n\n14 May 2026\nFirst Development Resources plc\n('First Development\", \"FDR\" or the \"Company')\nSelta Project: Operational Preparations Ahead of Drilling\nOperational Preparations Advance Ahead of Maiden RC Drilling at Lander West Gold Target\nFirst 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.\nThe 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.\nHIGHLIGHTS\n· 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\n· Alice Springs-based Transport, Maintenance & Engineering Pty Ltd (\"TMAE\") appointed as preferred earthworks contractor for access and drill pad establishment ahead of mobilisation\n· Pre-mobilisation site visit commencing next week to review priority drill locations and finalise field logistics ahead of drilling\n· All key regulatory approvals secured with mobilisation planning and drilling preparations continuing ahead of commencement later this year\nTristan Pottas, Chief Executive Officer of FDR, commented:\n\"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.\n\"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 programm...