Business
Taronga Power Supply Update
Taronga Power Supply Update.
About this update from First Tin Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 3 April 2023\n \n \n \n First Tin Plc\n \n \n (\"First Tin\" or \"the Company\")\n \n \n \n Taronga Power Supply 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 announce that it has partnered with BID Energy Partners (\"BID\"), an Australia based energy company specialising in strategy, project development and delivery of renewable energy projects, to provide a feasibility study on renewable energy supply options for the 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 The implementation of a renewable energy strategy is a critical element of becoming low carbon, or even carbon neutral, at the Taronga tin project and is in line with First Tin's strategy to maintain the highest ESG credentials.\n \n \n · \n The team at BID has a track record of working with governments and industry, including mining companies, to successfully deliver renewable energy projects\n \n \n ·\n Taronga is well placed to take advantage of renewable energy as:\n \n \n o \n \n It is located within the New England Renewable Energy Zone (\"REZ\"), one of the priority REZs in New South Wales.\n \n \n o \n TMPL owns approximately 25km2 of freehold land around the project - sufficient to develop significant solar and/or wind farms.\n \n \n o \n \n The area has a high solar capacity or around 21%.\n \n \n o \n The area has good wind speed characteristics, averaging 7.8m/s at a height of 150m, with a capacity factor of around 40%.\n \n \n o \n The area is located within 3.5km of an 11kV powerline, 7km of a 66kV powerline and 11km of a 330kV powerline.\n \n \n ·\n Preliminary mineral processing testwork suggests that the mass of material being treated can be reduced to around 46% after crushing and to around 26% after crushing, screening, jigs and spirals, before any grinding is required. This means that crushing is anticipated to be the highest energy user at the project and First Tin ...