{australien_flagge}First Tin Plc (LSE: 1SN; FRA: 1SN), a tin development company with advanced projects in Germany and Australia, has commenced the definitive feasibility study (“DFS”) for the Taronga tin deposit in Australia. The DFS will be undertaken by a consortium of Australian companies led by Mincore Pty Ltd (“Mincore”), which will provide project management and mineral processing services. The DFS for Taronga is expected to be completed next year.
Mincore and its partners have conducted feasibility studies in Australia, Southeast Asia, Papua New Guinea and the Democratic Republic of Congo and have designed and built processing facilities for several tin projects worldwide. The study is expected to be completed by mid/late 2023.
This work will be conducted in conjunction with ongoing environmental and permitting work being led by RW Corkery Pty Ltd. to obtain all required regulatory approvals by the end of 2023.
Thomas Buenger, CEO of First Tin, said, “The DFS is an important work step for First Tin as we look to bring the world-class Taronga project into production quickly. At the same time, we are conducting extensive drilling programs in both Australia and Germany to define additional tin mineralization in both countries, and we have the financial resources to execute all of these value-enhancing actions.”
Bottom line: after going public in March of this year, First Tin is systematically working through its business plan. Tin is a critical raw material. Electromobility and the green energy transition require printed circuit boards, which cannot be manufactured without large quantities of solder. Ninety-seven percent of the world’s tin supply comes from emerging and developing countries, and again, 40 percent comes from small-scale mining, which has a devastating impact on the environment. First Tin is focused on the sustainable development of tin-bearing hard rock deposits in countries to support the global transition to clean energy while protecting the environment.
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