Lander West gold drilling completed

First Development Resources PLC

29 October 2026

 

29 October 2026

First Development Resources plc

(“First Development”, “FDR” or the “Company”)

Gold Drilling Completed at Lander West

Follow-up Programme Tests Extensions to Confirmed Bedrock Gold Mineralisation

First Development Resources plc (AIM: FDR), the Australia-focused exploration company, is pleased to confirm that Phase I, Stage II reverse circulation (“RC”) drilling has been completed at its Lander West Gold Project in Australia’s Northern Territory.

A total of 16 holes were completed for 1,605 metres drilled, successfully testing along strike and down dip of the priority targets identified during Stage I, as well as additional magnetic targets within the Red Handed target area.

Stage I confirmed gold mineralisation in bedrock, including 7 metres at 0.40 g/t gold from 50 metres downhole, including 2 metres at 0.98 g/t gold in hole 26LWR08. The Stage II programme was designed to test extensions to the mineralisation, seeking higher grades, greater mineralised thickness and evidence of continuity.

Drilling concluded one day earlier than planned due to severe weather approaching the area. Samples are being prepared for delivery to Adelaide for analysis, with results to be reported in due course.

Tristan Pottas, Chief Executive Officer of FDR, commented:

“We are pleased to have completed our Stage II drilling programme at Lander West. Following the confirmation of gold in bedrock during Stage I, this programme has allowed us to test extensions to our priority targets and investigate additional magnetic features at Red Handed.

Having spent time on site alongside the team, I would like to thank Bullion Drilling for their excellent work throughout the programme. The crew’s professionalism, positive attitude and the way they worked together were a credit to the company.

With samples now being prepared for delivery to Adelaide, we look forward to reviewing the assay results and updating shareholders as we continue to develop our understanding of Lander West.”

Figure 1. Bullion Drilling crew and Dr David Rawlings on site at Lander West.

Qualified Person Statement

The technical information contained in this disclosure has been reviewed and approved by Mr Nicholas O’Reilly (MSc, DIC, MIMMM QMR, MAusIMM, FGS), who is a qualified geologist and acts as the Qualified Person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O’Reilly is a principal consultant working for Mining Analyst Consulting Ltd, which has been retained by First Development Resources plc to provide technical support.

For further information visit www.firstdevelopmentresources.com or contact the following:

First Development Resources plc Tristan Pottas (CEO)	Tel: [phone]
Beaumont Cornish Limited Nominated Adviser Roland Cornish / Asia Szusciak	Tel: [phone]
SI Capital Limited Broker Nick Emerson	Tel: [phone]

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

Distribution: This announcement has been notified via a Regulatory Information Service and it is not authorised for distribution into North America or any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of that jurisdiction.

ABOUT FIRST DEVELOPMENT RESOURCES

First Development Resources plc is an Australia-focused exploration company quoted on AIM. Its exploration portfolio includes gold, copper, uranium and rare-earth element targets in the Northern Territory and the Wallal Project in Western Australia.

 

END