9
August 2024
First Tin
Plc
("First
Tin" or "the Company")
Scoping Report and Request
for SEARs Lodged 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
lodgement of Taronga's Scoping Report on Monday 5th
August. This report was lodged with a request to the New South
Wales ("NSW") Planning Secretary for Environmental Assessment
Requirements ("SEARs").
As lodgement represents the formal
commencement of the NSW permitting process for a State Significant
Project, it will result in the Scoping Report being publicly
displayed on the NSW Government's website.
The Scoping Report outlines the key
components of the Taronga project including the layout,
infrastructure placement, personnel requirements, proposed
transport routes etc. It will be used by various NSW
Government departments and regulatory agencies to specify the range
of assessment requirements for inclusion in Taronga's Environmental
Impact Statement ("EIS").
Many of the statutory EIS assessment
requirements are substantially advanced, including extensive
surveys for Aboriginal cultural heritage, flora and fauna. It
is thus expected that, once the SEARs are provided, the EIS can be
rapidly progressed, allowing for it to then be lodged by the end of
calendar 2024.
First Tin CEO, Bill Scotting
commented:
"The lodgement of the Scoping Report
and request for SEARs is a key step in the permitting process for
Taronga. Since the completion of our DFS, permitting
alongside DFS optimisation work has been the principal focus of the
team in Australia and we are excited to now be in a position to
soon lodge the EIS and apply 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.