Annuncio • Apr 28
First Development Resources plc Receives Notice to Commence Mining Activities At Lander West Gold Target First Development Resources plc, the UK-based, Australia-focused exploration company, has received formal Notice of Authority to Commence Mining Activities at the Lander West gold target, part of its 100%-owned Selta Project in the Northern Territory, Australia. The notice has been issued by the Northern Territory Government following the Company's successful application for an Environmental (Mining) Licence (Exploration Licence No: EL32755), and the lodgement and acceptance of the required security bond. This approval represents a key regulatory milestone and enables the Company to proceed with the commencement of mining activities, specifically Reverse Circulation (RC) drilling at the Lander West gold Target in accordance with the approved environmental and operational conditions. With all necessary approvals now secured, FDR can proceed with drilling at Lander West. The commencement of drilling will mark the Company's first material move into active exploration on the ground at Selta, with results expected to drive news flow and project momentum. The Company will provide further updates as pre-mobilisation and operational activities progress. Notice of Authority to Commence Mining Activities received (dated April 21st 2026) from the Northern Territory Government Department of Mining and Energy. Environmental (Mining) Licence security bond lodged and accepted in full clears pathway for Phase I RC Drilling Programme at Lander West gold Target. Preparations for Phase I RC Drilling Programme underway. Annuncio • Apr 24
First Development Resources plc Completes GAIP Survey at Selta Project Lander West Gold Target First Development Resources plc announced the successful completion of a refined Gradient Array Induced Polarisation (GAIP) geophysical survey at its Lander West gold target, part of the Company's 100%-owned Selta Project in Australia's Northern Territory. The GAIP survey represents the final stage in FDR's structured and systematic exploration programme at Lander West. Integration of this dataset with previously completed aeromagnetic (AMAG) and radiometric (RAD) surveys is now underway, with the objective of refining high-priority reverse circulation (RC) drill targets along the prospective Stafford Gold Trend. The GAIP survey was designed in collaboration with Perth-based geophysical consultants Resource Potentials Pty Ltd. and completed by Zonge Engineering & Research Organisation (Aust) Pty Ltd. It represents the final component of a multi-disciplinary exploration programme, following the successful acquisition and interpretation of high-resolution aeromagnetic and radiometric data. Gradient Array Induced Polarisation is an advanced geophysical technique used to measure variations in subsurface chargeability and resistivity. These characteristics can indicate the presence of disseminated sulphide minerals, which are commonly associated with gold mineralisation systems. GAIP surveys are particularly effective in identifying concealed mineralised zones and structural features beneath surface cover. At Lander West, the survey has been deployed to enhance understanding of subsurface geology and structural architecture along the Stafford Gold Trend, where earlier geophysical datasets had already identified prospective features. The addition of GAIP data provides a critical layer of information, enabling improved delineation of potential mineralised systems and more confident prioritisation of drill targets. FDR's structured exploration approach-progressing from desktop studies of historical data, through regional-scale aeromagnetic and radiometric surveys, to targeted IP geophysics-has enabled the Company to progressively refine its exploration model. The integration of these datasets is expected to significantly enhance drill targeting accuracy and increase the probability of exploration success. Annuncio • Apr 13
First Development Resources Plc Provides Update On Gaip Survey At Lander West Gold Target First Development Resources plc is providing an update on the Gradient Array Induced Polarisation ("GAIP") geophysical survey at its Lander West gold target, part of the Company's 100%-owned Selta Project in Australia's Northern Territory. GAIP survey has recommenced following temporary suspension, as improved weather conditions allow for safe access and mobilisation back to site. Programme refined to prioritise key prospective areas, following weather-related delays, with the aim of maintaining technical objectives while improving efficiency. One-third of the survey remains outstanding, with completion anticipated within approximately 2 weeks and results intended to inform the next phase of exploration. The GAIP geophysical survey at the Lander West gold target commenced in early January 2026 and is designed to complement previously completed high-resolution aeromagnetic and radiometric geophysical surveys. The programme aims to enhance the Company's understanding of subsurface geology and structural architecture across the target area, supporting the refinement of potential drill targets. Unusually heavy seasonal rains resulted in adverse weather conditions across large parts of Central Australia and caused a temporary suspension of the GAIP survey. As a safety precaution in early February, the Company paused field operations and demobilised the survey team, with flooding rendering access tracks impassable, particularly at creek crossings. The geophysical team has remobilised and the survey has recommenced with a refined scope to focus on the most prospective areas within the Lander West gold target. Approximately 33% of the refined survey area remains to be completed and is anticipated to take around two weeks. The Company expects the refined dataset to provide sufficient geophysical coverage to advance the Lander West gold target to the next phase of exploration. New Risk • Mar 27
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -UK£1.6m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£2.92m market cap, or US$3.89m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-UK£1.6m). Share price has been volatile over the past 3 months (9.2% average weekly change). Annuncio • Mar 19
First Development Resources plc Provides Operational Update for Selta Project in Northern Territory First Development Resources plc provided an operational update for its Selta Project ("Selta" or the "Project") located in the Aileron Province of Australia's Northern Territory. The GAIP geophysical survey at the Lander West gold target commenced in early January 2026 and is designed to complement the previously completed high-resolution aeromagnetic and radiometric geophysical surveys. The GAIP programme aims to enhance the Company's understanding of subsurface geology and structural architecture across the target area, supporting the refinement of potential drill targets. Adverse weather conditions across large parts of Central Australia resulted in a temporary break in the GAIP survey. As a safety precaution in early February the decision was taken to pause the survey and remove the team from site. Flooding throughout the region made access tracks impassable particularly at creek crossings. The Company's geophysical contractor, Zonge Engineering and Research Organisation (Aust) Pty Ltd, returned to site on Friday 13 March to assess ground conditions and plan for the resumption of field operations. While weather conditions have improved, access to site remains challenging. Subject to access conditions continuing to improve, the team expects to remobilise in early April. Approximately 50% of the survey remains to be completed and is expected to take around two to three weeks. The results from the GAIP survey will be integrated with the geophysical results from the Aeromagnetic survey ("AMAG") and radiometric ("RAD") survey competed across the Lander West gold target in early 2026. Interpretation and three-dimensional inversion modelling of the integrated AMAG /RAD, GAIP survey results and geochemical datasets is underway, and this information is already informing key areas for follow-up exploration planning, including the design and prioritisation of future air core ("AC") and reverse circulation ("RC") drilling programmes at Lander West. This systematic, data-driven approach is intended to maximise discovery potential while maintaining a disciplined and cost-effective exploration strategy over such a large gold target area. FDR applied for an EMP in February 2026, the application included proposed drill locations and access tracks at the Lander West gold target. The Company expects to receive determination of its application in Second Quarter 2026. The Company has approached drilling contractors to provide quotations for the proposed Lander West gold drilling programme. Proposals are being reviewed by the Company. To support the planned drilling programme at Lander West, the Company is preparing an application to seek co-funding from the Northern Territory Government as part of the Resourcing the Territory 'Geophysics and Drilling Collaborations' grant programme. The programme is a Northern Territory Government initiative that provides co-funding to support mineral exploration drilling and geophysical programmes across the Northern Territory. Delivered through the Northern Territory Geological Survey under the broader Resourcing the Territory Programme, the programme typically funds up to 50% of eligible drilling and geophysical survey costs, helping reduce the financial risk of early-stage exploration and encouraging companies to test new mineral targets. The Hawkshead lithium-caesium-tantalum ("LCT") and rare earth element ("REE") target was identified following a desktop study undertaken by the Company, which built upon previous exploration activities and incorporated additional open-file geological data. The study generated several prospective targets across the project area, including Hawkshead, which are referenced in the Competent Person's Report forming part of the Company's Admission Document. The Company has engaged Pegasus Airborne Systems Pty Ltd. to complete an unmanned airborne vehicle ("UAV") magnetic ("UAV-Mag") survey over the Hawkshead lithium-REE target within its tenements in the Northern Territory. The survey, which is scheduled to take place in May 2026 (weather permitting), will be conducted immediately adjacent to a recently identified lithium prospect on neighbouring ground held by iTech Minerals Ltd. ("iTech"), which is currently the subject of a farm-in agreement with Sociedad Química y Minera de Chile (SQM). The survey is designed to improve geological understanding of the project area and to identify and map pegmatite bodies that may host LCT mineralisation. High-resolution magnetic data will assist in tracing prospective pegmatite structures away from the parent granite where they may have undergone greater fractionation and therefore increased Li enrichment, providing priority targets for future field sampling and drilling. The programme can be undertaken under existing approvals and, subject to final planning, may be coordinated with a similar survey planned by iTech to optimise mobilisation costs and enhance regional geological interpretation. On 19 February 2026 the Company announced results and interpretation from the December 2025 stream sediment sampling programme completed across the West Nintabrinna and Ingallan rare-earth element target areas. Geochemical analysis returned encouraging results for total rare-earth elements and yttrium (TREE+Y) of up to 2,103 ppm and allowed for the further refinement and prioritisation of exploration targets. The Company intends to undertake detailed geological mapping across the Peake Bore and Tourmaline refined target areas, conduct systematic rock-chip sampling of identified outcrops, and complete additional targeted geochemical work where appropriate. Planned high-resolution geophysical data will also be evaluated to assist in drill target definition, with a view to progressing toward potential drilling, subject to results. Alongside gold at Lander West, REE exploration remains central to the Company's strategy at Selta, with fieldwork expected to take place in Third Quarter 2026. Annuncio • Feb 20
First Development Resources plc Provides Results and Interpretation from the December 2025 Stream Sediment Sampling Programme Completed At Its Selta Project Located in the Aileron Province of Australia's Northern Territory First Development Resources plc provided results and interpretation from the December 2025 stream sediment sampling programme completed at its Selta Project located in the Aileron Province of Australia's Northern Territory. The programme was undertaken across the West Nintabrinna and Ingallan rare-earth element ("REE") target areas and was designed as a low-cost, first-pass exercise to refine previously identified anomalism and define priority areas for focused follow-up exploration. Highlights: highest assay of 2,103 ppm total rare-earth elements + yttrium ("TREE+Y") returned at West Nintabrinna, with coherent multi-sample anomalism confirming a fertile intrusive system. Encouraging TREE+Y results (up to 385 ppm) also returned from Ingallan. Target areas significantly refined: West Nintabrinna from c.75km2 to c.5km2 ("Tourmaline") and Ingallan reduced from approximately 90km2 to c.8.5km2 ("Peake Bore"), materially improving targeting precision. Geochemical signatures indicate localised granite fractionation and enrichment consistent with potential pegmatite-hosted lithium (Li) and REE mineralisation. Discrete intrusive features at West NintabrinNA and distinct 1.8km strike pale outcrop identified at Ingallan define clear follow-up mapping and drill-target pathways. Gradient Array Induced Polarisation ("GAIP") survey at Lander West gold target c.50% complete. Survey temporarily paused due to inclement weather conditions affecting access. The results of the December programme have refined and prioritised exploration targets at Selta. The Company intends to: Undertake detailed geological mapping across Peake Bore and the Tourmaline refined target areas; Conduct systematic rock-chip sampling of identified outcrops; Complete additional targeted geochemical work where appropriate; Evaluate high-resolution geophysics to assist in drill target definition; Progress toward potential drilling and drill-target pathways. Annuncio • Jan 20
First Development Resources plc Announces Paterson Province - Applications for New Exploration Licences First Development Resources plc announced that it has applied for three new Exploration Licences in the Paterson Province of Western Australia. The new applications, E45/7205, E45/7206 and E45/7207, are located immediately to the east of the Company's existing Wallal Project licences and cover ground previously held by Rio Tinto Exploration. Paterson Province, Western Australia The statutory objection period under the Mining Act 1978 (WA) for the new licences closed on 12 and 13 January 2026, and the Company confirms that no objections were lodged in that statutory period. The licence applications are now being assessed by the Department of Mines, Petroleum and Exploration (DMPE) in Western Australia to ensure compliance with all regulatory requirements, including environmental and land use considerations. In parallel, FDR is engaging with relevant Traditional Owner groups as part of the Aboriginal Heritage Act and Native Title Act consultation process to ensure that exploration activities respect cultural heritage. Any future exploration work will only proceed once all statutory approvals, including relating to Native Title and heritage clearances, have been secured. Once granted, these licences will further consolidate FDR's strategic land position in the highly prospective Paterson Province and enhance the Company's exploration footprint in the region. The Company looks forward to advancing exploration planning in a responsible and compliant manner. Annuncio • Nov 25
First Development Resources Plc, Annual General Meeting, Dec 17, 2025 First Development Resources Plc, Annual General Meeting, Dec 17, 2025. Location: 99 gresham street, ec2v 7ng, london United Kingdom Annuncio • Oct 08
First Development Resources plc Provides an Update in Respect of Drilling At the Wallal Project in the Paterson Province of Western Australia First Development Resources plc provided an update in respect of drilling at the Wallal Project in the Paterson Province of Western Australia. Due to deteriorating downhole conditions at the base of the Canning Basin sedimentary sequence, FDR drillhole could not be advanced to the planned depth of 1,220 metres and the decision has been made to cease drilling. The drillhole reached a depth of 918.7 metres (916.2 metres total vertical depth) but did not intersect the basement geology interpreted to host the magnetic anomalies identified in the Company's desktop studies. With the data obtained from the drilling programme, the Company is working with its consultants to refine the geological interpretation of the Eastern anomaly whilst it assesses potential next steps. Whilst drilling operations have been underway at Wallal, work to refine the exploration strategy at the Company's Selta project in the Northern Territory has been developed, initial exploration will focus on Selta's gold potential. The Company expects to provide a more detailed plan for exploration at Selta later this month. New Risk • Oct 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£4.18m (US$5.61m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (UK£4.18m market cap, or US$5.61m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Luke Cairns was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Aug 28
First Development Resources plc Provides an Update in Respect of Drilling At the Wallal Project in the Paterson Province of Western Australia First Development Resources plc provided an update in respect of drilling at the Wallal Project ("Wallal" or the "Project") in the Paterson Province of Western Australia. First Development's drilling partner DDH1 Drilling Pty Ltd. ("DDH1 Drilling") has established an accommodation camp and support infrastructure at Wallal to facilitate the Phase I diamond core drilling programme. The Phase I programme has been designed to test the Eastern magnetic geophysical bullseye anomaly identified within the Wallal project area. The drill rig is now onsite and is being prepared so that drilling can commence in the coming days. Tristan Pottas, FDR Chief Executive Officer and experienced geologist, will be travelling to Wallal to oversee operational activities and assist with geological logging and core preparation on site. The Phase I diamond core drilling programme has been designed in conjunction with Perth based consultancy Resource Potentials Pty Ltd. ("Resource Potentials"). An estimate of depth of the cover sequence has been used to constrain the modelled depth of approximately 800 metres to the top of the Eastern magnetic source body. To facilitate drilling operations, a Heritage Clearance Survey at Wallal was completed under the supervision of the Yamatji Marlpa Aboriginal Corporation and the Nyangumarta people. The completed survey confirmed exploration activities can proceed. The Phase I diamond core drill programme will consist of a single sub-vertical borehole (DH001) totaling approximately 1,220 metres length, which will be drilled dipping 80deg towards 90deg (east) using rotary open hole to about 200 metres and then full core drilling techniques there onwards. Depending on ground conditions encountered, it is expected that the hole will be commenced using reverse circulation drilling techniques, followed by 83mm (PQ3) or 61.1mm (HQ3) diameter core with a 50.5mm (NQ2) tail to total depth. Annuncio • Jul 29
First Development Resources Plc has completed an IPO in the amount of £2.3 million. First Development Resources Plc has completed an IPO in the amount of £2.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,482,759
Price\Range: £0.0667
Transaction Features: Direct Listing; Regulation S