Business
Selta Project –exploration update
First Development Resources plc is advancing its gold exploration at the Selta Project in Australia's Northern Territory, with a high-resolution aeromagnetic and radiometric geophysics survey scheduled for early January 2026 over the Lander West Gold Target to map structural features and alteration zones. Concurrently, a first-pass rare-earth element sampling program at the Ingallan and West Nintabirnna target areas has been completed, with samples now undergoing laboratory analysis. The company is focused on refining drill targeting for gold and assessing potential rare-earth element discoveries. Disclaimer*
About this update from First Development Resources Plc
[{"type":"text","content":"\n\n \n18 December 2025\nFirst Development Resources plc\n('First Development\", \"FDR\" or the \"Company')\nSelta Project -exploration update\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 update on its gold (\"Au\") focussed exploration at the Selta Project (\"Selta\" or the \"Project\"), located in the Aileron Province of Australia's Northern Territory.\nHIGHLIGHTS\n· High-resolution aeromagnetic (\"AMAG\") and radiometric geophysics survey now scheduled for early January 2026, to be flown over the prospective Lander West Gold Target.\n· AMAG survey designed to map key structural features and hydrothermal alteration zones within the bedrock to enhance interpretation of potential gold-mineralised trends and controlling structures.\n· Results will directly inform and refine drill targeting, supporting efficient prioritisation of high-potential gold targets.\n· First-pass rare-earth element (\"REE\") sampling programme focused on two priority REE target areas, Ingallan and West Nintabirnna, at the Selta Project was successfully completed earlier this month.\n· Samples have now been submitted for laboratory analysis and further updates will be provided once results are received and assessed.\n \nTristan Pottas, Chief Executive Officer of FDR, commented: \n\"Our recently completed targeting study has outlined multiple compelling targets along the regionally significant Stafford Gold Trend, an emerging mineralised corridor that hosts gold and high-grade antimony to the south. We believe the same structural controls extend onto the Selta Project, highlighting the potential for meaningful discovery.\nThe upcoming AMAG geophysics survey represents an efficient, high-impact step forward. The data will enhance our understanding of the regional structures and enable us to refine and prioritise potential drill-ready gold targets.\nWe are pleased to be working with Thomson Airborne to deliver this important phase of exploration.\"\n \nSELTA GOLD TARGETS\nFollowing multiple phases of detailed desktop review, the Company has identified two priority gold target areas at Selta: Lander West and Yundurbulu. The locati...