REG - First Tin PLC - Taronga Mine Camp Agreement with Council

First TinAnnouncement

13/08/2025 07:00

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RNS Number : 0453V  First Tin PLC  13 August 2025

 

 

13 August 2025

First Tin PLC

("First Tin" or "the Company")

Taronga Mine Camp Agreement with Glen Innes Severn Council

 

First Tin PLC, a tin development company with advanced, low capex projects in
Germany and Australia, is pleased to announce that its 100% owned subsidiary,
Taronga Mines Pty Ltd ("TMPL"), has secured an agreement with the Glen Innes
Severn Council (GISC) to place its mine camp on GISC owned land adjacent to
Glen Innes Airport.  The agreement was ratified by GISC at their July council
meeting.

This location was the subject of a historic development application for a
pilot training centre and associated accommodation facility. However, this
development did not eventuate and the land remains vacant.

The proposed mine camp will consist of approximately 50 accommodation units
and supporting facilities.  A rental agreement for the land has been
negotiated on commercially acceptable terms.

The site was selected by TMPL after a thorough assessment of potential
locations, with the following key benefits:

 

·      Strategic location for transport and traffic management: It is
located on the regional road linking Glen Innes with Emmaville and avoids
project-related traffic going through the Glen Innes township (see Figure 1).
The site also has sufficient area available to provide parking arrangements in
accordance with relevant standards so that it may be used as a transport hub
for camp residents and employees living in and around Glen Innes to use
company buses for travel to and from the Mine Site. This will significantly
reduce project-related traffic between Glen Innes and Emmaville.

 

·      Existing infrastructure: Water, power and sewerage services of
sufficient capacity to meet mine camp requirements are available at the site
and TMPL will be able to connect and utilise these services.

 

·      Community impact: Locating the camp on this vacant land near Glen
Innes rather than within the small township of Emmaville (population of less
than 500 people) avoids placing pressure on local Emmaville infrastructure.

 

This is an excellent outcome and represents another significant step forward
for the Taronga tin project.

 

First Tin CEO, Bill Scotting commented:

 

"The selected site on GISC owned land is an ideal location for our proposed
mine camp and will play a crucial role in supporting the development of our
Taronga tin project. We are very happy to have reached a mutually beneficial
agreement with GISC and look forward to working closely with them in the
future."

 

Figure 1: Taronga Mine Camp Location Plan

Enquiries:

 

 First Tin                                                                      Via SEC Newgate below
 Bill Scotting - Chief Executive Officer
 Arlington Group Asset Management Limited (Financial Advisor and Joint Broker)
 Simon Catt                                                                     020 7389 5016

 Zeus Capital Limited (Joint Broker)
 Harry Ansell / Dan Bristowe / Katy Mitchell                                    020 3829 5000

 SEC Newgate (Financial Communications)
 Molly Gretton / Gwen Samuel                                                    07970664807

 

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 and North America have 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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