REG - First Tin PLC - Receipt of SEARs by Taronga Mines Pty Ltd

First TinAnnouncement

05/09/2024 07:00

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RNS Number : 9673C  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
(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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