Receipt of SEARs by Taronga Mines Pty Ltd

First Tin PLC

05 September 2024

 

5 September 2024

First Tin PLC

("First Tin" or "the Company")

Receipt of SEARs by Taronga Mines Pty Ltd

First Tin PLC, a tin development company with advanced, low capex projects in Germany and Australia, is pleased to announce that the permitting process at its Taronga Tin Project ("Taronga") in Australia has further progressed with receipt of the New South Wales ("NSW") Planning Secretary's Environmental Assessment Requirements ("SEARs").

As previously reported on 9 August 2024, Taronga's submission of its Scoping Report allows the various NSW Government departments and regulatory agencies to specify the range of requirements for inclusion in Taronga's Environmental Impact Statement ("EIS"). As many of the statutory EIS assessment requirements are well advanced, the SEARs will now inform what specialist studies need to be finalised for inclusion in the EIS. Taronga is still targeting to lodge the EIS by the end of the calendar year 2024.

As a designated State Significant Development, the Project's Scoping Report and SEARs are publicly displayed on the NSW Government's website (https://www.planningportal.nsw.gov.au/major-projects/projects/taronga-tin-mine).

First Tin CEO, Bill Scotting commented:

"The receipt of the SEARs is another step forward in the permitting process for our Taronga asset, which will enable rapid finalisation of the EIS. Since the publication of our DFS, the team in Australia has been focused on permitting and DFS optimisation work, bringing us closer to lodgement of the EIS and application for Development Approval".

Enquiries:

First Tin	Via SEC Newgate below
Bill Scotting - Chief Executive Officer
Arlington Group Asset Management Limited (Financial Advisor and Joint Broker and Bookrunner)
Simon Catt	020 7389 5016
Zeus Capital Limited (Joint Broker)
Harry Ansell / Dan Bristowe / Katy Mitchell	020 3829 5000
SEC Newgate (Financial Communications)
Elisabeth Cowell / Molly Gretton	07900 248 213

Notes to Editors

First Tin PLC is an ethical, reliable, and sustainable tin production company led by a team of renowned tin specialists. The Company is focused on becoming a tin supplier in conflict-free, low political risk jurisdictions through the rapid development of high value, low capex tin assets in Germany and Australia, which have been de-risked significantly, with extensive work undertaken to date.

Tin is a critical metal, vital in any plan to decarbonise and electrify the world, yet Europe has very little supply. Rising demand, together with shortages, is expected to lead tin to experience sustained deficit markets for the foreseeable future.

First Tin's goal is to use best-in-class environmental standards to bring two tin mines into production in three years, providing provenance of supply to support the current global clean energy and technological revolutions.

 

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