First Tin Plc is a tin mine developer with two advanced, low carbon footprint, tin projects in low risk, conflict free, tier one jurisdictions: Taronga in Australia and Tellerhäuser in Germany.
The company has been dual listed on the London Stock Exchange and Frankfurt Stock Exchange (LSE/FSE: 1SN) since April 8th 2022, when it raised £20,000,000 in equity. All of its current activities are fully funded and include definitive feasibility studies (DFSs), all necessary permitting and over 24,000m of drilling at both Taronga and Tellerhäuser.
First Tin’s aim is to finalize the feasibility studies and progress both the Taronga and Tellerhäuser projects to investment ready status by the end of 2023 and to start tin production during 2025.
The two flagship projects are characterized by low capex requirements, close proximity to infrastructure, ready availability of work force and attractive financials, based on the existing pre-feasibility study for Taronga, scoping study for Tellerhäuser and competent persons reports (CPRs) for both projects.
The DFS for Taronga is managed by a joint Australian based team lead by Mincore, while the DFS for Tellerhäuser is managed by German based DMT. Both feasibility studies should be completed during the second half of 2023. In parallel, First Tin is undertaking an extensive drilling program at Tellerhäuser, with the aim of adding additional indicated resources to the existing resource base. The drilling program at Taronga is designed to confirm results from previous drilling campaigns as well as to to add additional resources by step out drilling in the central part of the ore body and in its interpreted southern extensions. Mineral processing flow charts exist for both the Taronga and Tellerhäuser projects, and the current feasibility studies aim to improve these in order to reduce both capital and operating costs.
In addition to drilling at its two flagship projects, exploration drilling is also being undertaken nearby at both projects, in particular at Gottesberg in Germany and Great Britain in Australia, where potential for significant additional tin mineralisation can be seen.
First Tin Plc is managed by a very experienced management team with decades of experience in project management, tin exploration, mine operation and finance.
Tin is classed as a critical raw material in the US, UK and Germany due to its importance for energy transition, electromobility and electronics. First Tin Plc aims to be one of the few companies that will be able to produce proven conflict free tin with a low carbon footprint, as its two flagship projects are located in conflict free, fully transparent, low risk jurisdictions.
* 26 September 2023 (GBp)
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