First Development Resources (AIM:FDR) CEO Tristan Pottas talked with Proactive's Stephen Gunnion about the company’s debut on London’s AIM market and its plans to rapidly commence exploration activity across its Australian project portfolio.
Pottas explained that First Development Resources is an exploration company focused on copper, gold, uranium, lithium, and rare earth elements, with its flagship project being Wallal in the Patterson Province of Western Australia. “The IPO allows the business to actually start business; we've had effectively three years of a warm up, we're now at the start line,” he said.
Wallal has three defined magnetic bullseye anomalies, with one priority target identified for immediate drilling. Pottas compared the project’s positioning to where Greatland Resources was in 2018, while also noting proximity to Rio Tinto’s North Winu project.
In addition to Wallal, the company holds two other projects in Western Australia — Ripon Hills and Braeside West — where early-stage exploration has identified multiple follow-up targets. Its Northern Territory asset, the Selta project, covers an area the size of Greater London and offers outcropping targets for a broad suite of transition and critical metals.
Pottas highlighted that exploration will begin immediately thanks to the £2.30 million raised via the IPO, and emphasised the strong investor support that made the listing possible.
Visit Proactive's YouTube channel for more videos, and don't forget to give the video a like, subscribe to the channel and enable notifications for future content.
#FirstDevelopmentResources #TristanPottas #AIMIPO #CopperExploration #GoldExploration #CriticalMetals #WesternAustraliaMining #NorthernTerritory #WallalProject #RareEarths #Lithium #JuniorMiners #ProactiveInvestors #MiningNews
