REG - First Tin PLC - Scoping Report and Request for SEARs Lodged

First TinAnnouncement

09/08/2024 07:00

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RNS Number : 8015Z  First Tin PLC  09 August 2024

 

 

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 5(th) 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.

 

 

 

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