💰 #FDR First Development Resources has received $100,000 in funding for Phase I RC drilling at its Lander West Gold Target, awarded in Round 19 of the Northern Territory Government's Geophysics and Drilling Collaborations Programme. 🤝 @FirstDevRes themarketbull.com.au/2026/06…

First Development Resources Secures Government Grant for Lander West Drilling @StockBoxMedia spoke to @TristanPottas, CEO @FirstDevRes (LSE: FDR), about the company securing a A$100,000 Northern Territory government grant to support upcoming drilling at Lander West. Watch below ⬇️ youtu.be/Hj5hoHjtYAE ➡️First Development Resources has been awarded a A$100,000 grant from the Northern Territory government to support RC drilling at Lander West. ➡️Tristan said the award provides independent validation of the Lander West gold target after months of systematic technical work. ➡️Drilling preparations are well advanced, with approvals in place, a contractor appointed, earthworks imminent and drilling expected to begin shortly.

"Are SQM’s fingerprints already on the next Aussie lithium jackpot?" While $ITM.AX is focused on drilling for #gold and #antimony, this interesting article covers how #SQM is working with juniors like #iTech to discover the next big #lithium deposit in Australia. 📄 Read it here: stockhead.com.au/resources/a… 👉 Learn more about our partnership with this recent 'Ask iTech' in which iTech's MD Michael Schwarz is joined by SQM's Exploration Manager Cameron Trump: youtube.com/watch?v=8NZx78gt…

While much of the focus has been on the commencement of drilling at the Reynolds Range #Gold #Antimony Project, in the latest Exploration Update, $ITM.AX's MD Mike Schwarz discusses why the discovery of continuous quartz veining in the drill sumps at the Falchion Prospect has given the #iTech team further confidence that our targeting work is positioning the drill rig to properly test the scale of the mineralisation at the project. WATCH IT BELOW 📽️ ⬇️ Read more: itechminerals.com.au/investo…

#FDR 🎥 We have created a video summarising the work completed at the Lander West Gold Target 🇦🇺. In just 7 months, a systematic exploration approach has taken the project from concept to drill-ready status. We now eagerly await drill pad construction and the start of drilling.

🚨 𝐋𝐀𝐍𝐃𝐄𝐑 𝐖𝐄𝐒𝐓 #FDR #GOLD I’m standing on the red dirt of the Lander West gold target, 250km northwest of Alice Springs, and the silence is about to be shattered. 𝐅𝐢𝐫𝐬𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐑𝐞𝐬𝐨𝐮𝐫𝐜𝐞𝐬 (AIM: FDR) has just completed its final pre-mobilisation reconnaissance. Drill-holes are refined, the earthworks contractor is locked in, and the rig from GeoDrill Australia is already working next door on Itech Minerals’ ground. For the first time, this quiet corner of the Northern Territory’s Stafford Gold Trend is about to be properly tested, and at a market capitalisation of just £4M; 𝐭𝐡𝐞 𝐥𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐨𝐧 𝐨𝐟𝐟𝐞𝐫 𝐢𝐬 𝐭𝐡𝐞 𝐤𝐢𝐧𝐝 𝐨𝐟 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐩𝐫𝐢𝐯𝐚𝐭𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐝𝐫𝐞𝐚𝐦 𝐚𝐛𝐨𝐮𝐭. Let’s put that £4M into perspective. With 139.2 million shares in issue, and a share price of 2.85p, FDR is obscenely undervalued. Yet the company is fully-funded for a maiden reverse-circulation drilling programme that will test a target with the geological hallmarks of a multi-million-ounce gold system. If even the first-pass drilling delivers a discovery, that £4M valuation could be a footnote in a much bigger story. Meanwhile, astute investors will have noticed the steady drip of stock being fed onto the tape in recent weeks. 𝐅𝐢𝐫𝐬𝐭 𝐄𝐪𝐮𝐢𝐭𝐲 has been acting for Armstrong Investments, a shareholder that accumulated a meaningful position between November 2025 and March 2026. That holding topped out at 6.25%, but since March, the position has been gradually unwound. Today, it sits at just 3% (~4.2 million shares). The beauty of the 3% threshold is that it represents the floor for the UK’s major shareholding notification regime. Once a stake dips below that line, no further TR1 disclosures are required. More importantly though, the evidence suggests the heavy lifting is already done. The stock has been absorbing this supply without falling over; in fact, the shares have been gently rising into the news flow. The remaining rump is small enough to be cleared in a couple of trading days, and with the overhang now largely behind us, the path is clear for the drilling catalysts to do their work. But back to the investment case here. FDR isn’t chasing a few grams per tonne of oxide gold. The team is hunting a large, structurally controlled, intrusive-related gold system; the kind of deposit that can underpin a standalone mining operation. The integrated geophysical interpretation completed earlier this year revealed a mineralised corridor stretching over 3km at Lander West, with multiple high-order chargeability and resistivity anomalies sitting directly beneath a coherent gold-in-soil footprint. That footprint peaks at over 100ppb Au and sits exactly on the intersection of the deep-crustal Stafford Fault and a set of oblique cross-structures → 𝐭𝐡𝐞 𝐬𝐚𝐦𝐞 𝐚𝐫𝐜𝐡𝐢𝐭𝐞𝐜𝐭𝐮𝐫𝐞 𝐭𝐡𝐚𝐭 𝐡𝐨𝐬𝐭𝐬 𝐦𝐮𝐥𝐭𝐢-𝐦𝐢𝐥𝐥𝐢𝐨𝐧-𝐨𝐮𝐧𝐜𝐞 𝐝𝐞𝐩𝐨𝐬𝐢𝐭𝐬 𝐞𝐥𝐬𝐞𝐰𝐡𝐞𝐫𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐓𝐞𝐧𝐧𝐚𝐧𝐭 𝐂𝐫𝐞𝐞𝐤-𝐌𝐭 𝐈𝐬𝐚 𝐢𝐧𝐥𝐢𝐞𝐫. So what does all this mean? Internally, the company is cautious, but the scale is writ large. 𝐀 𝟑𝐤𝐦-𝐥𝐨𝐧𝐠 𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫 𝐰𝐢𝐭𝐡 𝐰𝐢𝐝𝐭𝐡𝐬 𝐨𝐟 𝟐𝟎𝟎𝐦 𝐭𝐨 𝟒𝟎𝟎𝐦, 𝐦𝐨𝐝𝐞𝐥𝐥𝐞𝐝 𝐟𝐫𝐨𝐦 𝐬𝐮𝐫𝐟𝐚𝐜𝐞 𝐭𝐨 𝟑𝟎𝟎𝐦 𝐝𝐞𝐩𝐭𝐡, 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐬 𝐚 𝐜𝐨𝐧𝐜𝐞𝐩𝐭𝐮𝐚𝐥 𝐞𝐱𝐩𝐥𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐭𝐚𝐫𝐠𝐞𝐭 𝐨𝐟 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝟏𝟓 𝐚𝐧𝐝 𝟐𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐭𝐨𝐧𝐧𝐞𝐬 𝐚𝐭 𝐚 𝐠𝐫𝐚𝐝𝐞 𝐨𝐟 𝟏.𝟓 𝐭𝐨 𝟐.𝟓 𝐠/𝐭 𝐠𝐨𝐥𝐝. That’s a 𝟏.𝟓 𝐭𝐨 𝟑 𝐦𝐢𝐥𝐥𝐢𝐨𝐧-𝐨𝐮𝐧𝐜𝐞 𝐬𝐲𝐬𝐭𝐞𝐦 if everything comes together. These aren’t pie-in-the-sky figures. They’re derived from the same geophysical signatures that led to the discovery of the nearby 1.8Moz Warrego deposit and the high-grade Golden Forty mine. Now consider this: a discovery hole of, say, 20 metres at 3 g/t gold from 80 metres depth, perfectly achievable given the geochemical and geophysical data, would instantly transform sentiment. Peers with comparable hits in the Northern Territory routinely trade at market caps of £20-30M. For FDR, that would imply a share price of 𝟏𝟒-𝟐𝟏𝐩; 𝐚 𝐫𝐞𝐭𝐮𝐫𝐧 𝐨𝐟 𝟓 𝐭𝐨 𝟕 𝐭𝐢𝐦𝐞𝐬 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐥𝐞𝐯𝐞𝐥. And that is just the re-rate on the first decent intersection. A multi-hole campaign confirming a broad zone of mineralisation could attract a mid-tier suitor hungry for Australian ounces in one of the world’s last great underexplored gold frontiers. And the neighbouring catalyst adds an extra layer of excitement. 𝐈𝐭𝐞𝐜𝐡 𝐌𝐢𝐧𝐞𝐫𝐚𝐥𝐬 (ASX: ITM) is about to commence its own drilling campaign at the Golden Gate prospect, a few hundred metres from FDR’s boundary along the Stafford Gold Trend. Golden Gate already boasts historical intercepts such as 14m at 9.8 g/t Au, and Itech’s programme is designed to extend that mineralisation down-plunge and test a large induced-polarisation anomaly at depth. 𝐈𝐧 𝐞𝐟𝐟𝐞𝐜𝐭, 𝐈𝐭𝐞𝐜𝐡 𝐢𝐬 𝐝𝐫𝐢𝐥𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐧𝐨𝐫𝐭𝐡𝐞𝐫𝐧 𝐞𝐱𝐭𝐞𝐧𝐬𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐯𝐞𝐫𝐲 𝐬𝐚𝐦𝐞 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐚𝐥 𝐜𝐨𝐫𝐫𝐢𝐝𝐨𝐫 𝐭𝐡𝐚𝐭 𝐅𝐃𝐑 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐩𝐫𝐨𝐛𝐢𝐧𝐠 𝐨𝐧 𝐢𝐭𝐬 𝐨𝐰𝐧 𝐠𝐫𝐨𝐮𝐧𝐝. If Itech hits a meaningful sulphide zone, the spotlight on the entire trend, and on FDR’s fully funded Phase I programme, will intensify overnight. Two junior explorers drilling simultaneously on adjacent tenements, chasing a district-scale gold system that has never been systematically explored at depth: it’s the kind of scenario that gets pulses racing among resource investors and can create a rising tide that lifts both boats. And things are moving apace. TMAE, the Alice Springs-based earthworks contractor, has already began cutting access tracks and drill pads. GeoDrill Australia, already operating on Itech’s ground, will mobilise the RC rig with minimal downtime. Environmental permits are signed, land access agreements are in place, and the bank account is topped-up. 𝐅𝐃𝐑 𝐢𝐬 𝐝𝐞-𝐫𝐢𝐬𝐤𝐞𝐝 𝐚𝐧𝐝 𝐫𝐞𝐚𝐝𝐲 𝐭𝐨 𝐝𝐫𝐢𝐥𝐥. For the private investor, the narrative is brutally simple; A tightly held AIM explorer, backed by real science, is about to drill a high-conviction gold target that could define a new district. The shares trade at 2.85p, giving a market cap of just under £4M. The protracted seller that has lingered over the stock for weeks is now down to its last few million shares and may well have walked away for good → leaving a clean register and a fully-funded drill programme ahead. The company is fully funded, so there is no imminent dilution. The neighbours are drilling concurrently, which means a steady flow of news and a growing wave of district recognition. And the geological model points towards a prize that could be measured in millions of ounces. 𝐁𝐎𝐓𝐓𝐎𝐌 𝐋𝐈𝐍𝐄 ✅ The kit is mobilising. ✅ The ground is prospective. ✅ The neighbours are drilling. ✅ The geophysics is compelling. ✅ The overhang has pretty much cleared. ✅ And the stock is priced as if nothing is about to happen. Thus, if you’re looking for an asymmetric exploration bet with the potential to deliver a life-changing return, you might want to take a long, hard look at FDR at 2.85p → before the drill bit turns.

#FDR Heading to Perth following a highly productive few days in the Northern Territory 🇦🇺 Final preparations are now complete ahead of drilling at @FirstDevRes’ Lander West #gold Target 🎯 Next stop: Drilling 👀

#FDR Ready to board first leg of a 40hr journey to Alice Springs. Looking forward to meeting newly appointed drilling and earthworks partners ahead of @FirstDevRes Phase I RC Drilling Programme at the Lander West #gold target 🎯. Updates from site to follow 👀

#FDR First Development Resources has provided an operational update at the Selta Project, as preparations continue ahead of a maiden RC drilling campaign at its Lander West gold target. ⛏️ @FirstDevRes themarketbull.com.au/2026/05…

REACH Announcement: - Earthworks contractor with site specific experience appointed ✅ - Site visit next week to finalise plans ahead of mobilisation ✅ Lots going on as we prepare to commence Phase I RC Drilling at the Lander West #gold target 🎯 londonstockexchange.com/news…

.@FirstDevRes is set for maiden drilling at the Lander West gold target in Australia. CEO Tristan Pottas says the programme is fully funded and ready to begin. ▶️ youtu.be/AqYAzxgji_w #FDR #Mining #Australia