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First Development Resources Plc ( (GB:FDR) ) has shared an update.
First Development Resources Plc has successfully completed the most technically challenging phase of its Phase I Diamond Drill Programme at the Wallal project in Western Australia’s Paterson Province. The drillhole, targeting the Eastern Magnetic Bullseye anomaly, advanced through the Wallal Sandstone formation with the help of DDH1 Drilling Limited. This progress marks a significant step for the company as it transitions to coring, moving towards the basement geology expected to host the magnetic target. This development is crucial for FDR’s operations as it enhances their technical capabilities and positions them strongly within the exploration industry.
More about First Development Resources Plc
First Development Resources Plc is a UK-based exploration company with a focus on Australia, particularly in Western Australia and the Northern Territory. The company holds eight tenements covering 2,314.4 km², with interests in copper-gold projects in Western Australia and rare-earth elements, uranium, lithium, and gold projects in the Northern Territory. The company is actively seeking to expand its portfolio through the acquisition of early-stage exploration projects.
Average Trading Volume: 2,428,100
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