First Development Resources plc (FDR) has commenced its Phase I Diamond Drilling Programme at the Wallal Project in Western Australia, marking a key step forward in its exploration strategy.
The drilling campaign is aimed at testing the Eastern magnetic bullseye anomaly, a high-priority target within the Paterson Province, a region well known for its significant mineral discoveries.
FDR’s portfolio consists of eight granted tenements covering a total area of 2,314.4km². Of these, five tenements are located in Western Australia, while the remaining three are in the Northern Territory, giving the company a diversified exploration footprint across two highly prospective jurisdictions.
The programme is expected to provide valuable geological insights as FDR advances its plans to unlock the potential of the Wallal Project.
ABOUT FIRST DEVELOPMENT RESOURCES
First Development Resources’ assets comprise eight granted tenements covering a total area of 2,314.4km2. Five of the tenements, comprising three prospective copper-gold projects, are located in Western Australia (WA) while the remaining three tenements, comprising a rare-earth element (REE), uranium, lithium and gold project, are located in the Australian’s Northern Territory. All tenements are wholly owned by FDR. The assets are a mixture of drill ready and earlier stage exploration.
The WA Projects include the Company’s flagship Wallal Project as well as Ripon Hills and Braeside West Projects situated in the Paterson Province, which is widely regarded as one of the most productive regions in Australia for the discovery of world-class gold-copper deposits, and which is home to several world-class mines and more recent discoveries.
The Selta Project in the Northern Territory is located in an area considered highly prospective for uranium and rare-earth element mineralisation along with base and precious metal mineralisation. Numerous companies are actively exploring within the region.
Beyond the existing portfolio, FDR is actively looking to expand its portfolio through the acquisition of early-stage exploration projects in Australia.
