Scoping Report and Request for SEARs Lodged
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 5th 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:
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First Tin |
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 |
020 7389 5016 |
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Zeus Capital Limited (Joint Broker) |
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Harry Ansell / Dan Bristowe / Katy Mitchell |
020 3829 5000 |
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SEC Newgate (Financial Communications) |
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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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