Drilling Contractor Appointed for Wallal Project

01 August 2025

First Development Resources plc

('First Development", "FDR" or the "Company')

Drilling Contractor Appointed for Wallal Project

First Development Resources plc (AIM: FDR) a UK based, Australian focused exploration company with mineral interests in Western Australia and Australia's Northern Territory, is pleased to announce that it has appointed DDH1 Drilling Pty Ltd ("DDH1 Drilling") to undertake the Company's Phase I diamond core drilling programme at its Wallal Project in the Paterson Province of Western Australia.

Established in 2006, DDH1 Drilling is a leading provider of technically innovative drilling services to the Australian mineral exploration and mining industry. DDH1 is part of the Perenti Group (ASX: PRN), an Australian Securities Exchange listed, diversified mining services group with interests in contract mining, drilling services, mining services and technology solutions. DDH1 Drilling is a leading provider of technically innovative drilling services to the Australian mineral exploration and mining industry. Specialising in diamond core drilling, DDH1 delivers high-quality, accurate samples from depths of up to 3,000 metres, supported by an experienced team, best practice safety systems and a modern multipurpose drilling fleet. DDH1 have extensive experience operating in the Paterson region working on notable projects including Greatland Resources' (LON: GGP) discovery drillholes at Havieron.

With the drilling contract signed the Company will now prepare the infrastructure at Wallal for the mobilisation of the drill rigs to site as soon as practicable for the commencement of drilling.

Tristan Pottas, CEO of FDR, commented: 

"We are delighted to have contracted the services of DDH1 to implement the Phase I diamond core drilling programme at our Wallal project in the Paterson. Throughout FDR's listing process DDH1 has remained committed to partnering with FDR and following the Company's Admission to AIM earlier this week we are pleased to formalise our relationship as we move towards commencing drilling operations at the earliest convenience. Representatives for the Company will be on site at Wallal next week to assess what level of maintenance to the existing infrastructure may be required to facilitate mobilisation. We look forward to proving further updates in the very near future."

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

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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.