Business
Taronga Drilling and DFS Update
Taronga Drilling and DFS Update.
About this update from First Tin Plc
[{"type":"text","content":"\n \n \n \n 13 March 2023\n \n \n \n \n \n \n First Tin Plc\n \n \n (\"First Tin\" or \"the Company\")\n \n \n \n \n \n \n Taronga Drilling and DFS Update\n \n \n \n \n \n \n First Tin Plc (\"First Tin\"), a tin development company with advanced, low capex projects in Germany and Australia, is pleased to provide an update on its drilling, Definitive Feasibility Study (\"DFS\") and Environmental Impact Studies at its Taronga Tin Project in Australia. The project is owned by First Tin's 100% owned Australian subsidiary, Taronga Mines Pty Ltd (\"TMPL\").\n \n \n \n \n \n Highlights\n \n \n ·\n Diamond drilling completed, with 1,619m drilled in 12 holes - positive results validate the original Newmont drilling.\n \n \n ·\n Ongoing RC drilling has proven a 400m extension to the southwest of the current resource area, providing strong potential to add tonnage to the existing Indicated Resource. \n \n \n ·\n Geotechnical drilling programme successfully completed with four drillholes in the proposed pit walls totalling 670m - a report is expected from the consultants shortly.\n \n \n ·\n Initial crushing and screening testwork results are very encouraging, confirming initial analysis that most tin will be liberated via a simple coarse crush.\n \n \n ·\n Final, end to end mineral processing results are expected by the end of June.\n \n \n ·\n A preliminary report has shown that low carbon power generation is most attractive from both an economic and social licence perspective - in line with the Company's core values.\n \n \n ·\n A large amount of data has been collected for the Environmental Impact Study and is being assessed - no red flags have been identified by the work completed to date.\n \n \n \n First Tin CEO Thomas Buenger said,\n \n \"First Tin has made considerable progress over the last six months and the project is shaping up well. No red flags have been identified to date and we are pleased to confirm that results so far underpin our previous hypotheses. The drilling has confirmed the previous Newmont results and has also extended the known mineralisation by approximately 400m to the south. Infill drilling will now be undertaken with the aim of creating new Indicated Resources in this area so they can be included in the Feasibility Study.\n \n \n \n \n \n \"Most data collection is planned to be c...