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