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Selta Project – Gold exploration update
First Development Resources plc has completed a high-resolution aeromagnetic and radiometric geophysical survey covering approximately 4,200-line kilometres over the Lander West gold target area in the Northern Territory, enhancing their understanding of subsurface geology and structures for drill targeting. The company is integrating these new results with ongoing Gradient Array Induced Polarisation survey data and historical geochemistry to refine and prioritise gold targets for future drilling, with land access and heritage approvals currently underway. Disclaimer*
About this update from First Development Resources Plc
[{"type":"text","content":"\n\n \n29 January 2026\nFirst Development Resources plc\n('First Development\", \"FDR\" or the \"Company')\nSelta Project - Gold exploration update\nFirst Development Resources plc (AIM: FDR), a UK-based, Australia-focused mineral exploration company with interests in Western Australia and the Northern Territory, is pleased to provide an update on its gold (\"Au\") focused exploration at the Selta Project (\"Selta\" or the \"Project\"), located in the Aileron Province of Australia's Northern Territory.\nHIGHLIGHTS\n· The high-resolution aeromagnetic (\"AMAG\") and radiometric (\"RAD\") geophysical survey over the Lander West regional gold target area has been successfully completed, covering approximately 4,200-line kilometres and delivering a high-quality geophysical survey dataset for targeting Au.\n· Updated AMAG / RAD images are being interpreted, enhancing FDR's understanding of subsurface geology, structures, and alteration patterns for drill targeting gold mineralisation associated with anomalous surface geochemical and historical shallow drilling results.\n· These new airborne geophysical survey results will be integrated with ongoing Gradient Array Induced Polarisation (\"GAIP\") survey results and historical geochemistry from surface sampling and shallow drilling to refine and prioritise target zone for future drilling.\n· Planning and applications for land access and heritage approvals over target areas is currently underway.\nTristan Pottas, Chief Executive Officer of FDR, commented:\n\"Completion of the high-resolution AMAG and radiometric survey at Lander West represents a major step forward and it has materially improved our understanding of the subsurface geology and structural controls on mineralisation. We are grateful for the support received from Thomson Airborne, who delivered a high-quality, professional dataset on schedule over the holiday period.\nThe integration of the AMAG / RAD data with results from the ongoing GAIP survey and historical geochemical information will allow us to systematically refine and prioritise gold drill targets. We are very pleased with the quality of the datasets delivered and look forward to advancing Lander West through the next phase of exploration.\"\nAMAG / RAD SURVEY OUTCOMES\nThe completed AMAG /...