First Development Resources Plc (LSE:FDR) has provided an update on ongoing exploration activity at its Selta Project in Australia’s Northern Territory, outlining the next phase of technical work aimed at sharpening gold and rare-earth targets.
The company plans to carry out a high-resolution aeromagnetic and radiometric geophysical survey in early January 2026. The programme is designed to improve structural interpretation across the project area and refine drill targets, with particular focus on the Lander West Gold Target. In parallel, First Development Resources has completed an initial rare-earth element sampling campaign across two areas identified as prospective, with collected samples now submitted for laboratory analysis.
Management said the combined geophysical and geochemical work is intended to systematically progress exploration at Selta, strengthening target definition while maintaining a disciplined, cost-efficient approach to exploration. The results are expected to guide future drilling and field activities as the company continues to assess the project’s mineral potential.
More about First Development Resources Plc
First Development Resources Plc is a UK-based mineral exploration company with projects located in Western Australia and the Northern Territory. The group is focused on exploring for gold and rare-earth elements, targeting geologically favourable regions with the potential to support significant mineral discoveries.
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