First Tin Plc · LSE:1SN
First Tin — Investor Presentation (June 2026)
24 slides from First Tin's investor presentation, Jun 10, 2026
Slide 1: Exceptional exposure to high-value, advanced tin projects in Australia and Germany
Exceptional exposure to high-value, advanced tin projects in Australia and Germany Investor presentation 10 June 2026 firsttin.com · LSE:1SN · FRA:1SN
Slide 2: Disclaimer
Disclaimer This document Presentation has been prepared by First Tin plc a public limited company incorporated and not immediately returning it or attending the accompanying verbal Presentation, you are deemed to represent, registered in England and Wales under compan y number 07931518 Comp any .Thi
Slide 3: Few substantial, economic tin deposits in Tier One jurisdictions
FEW SUBSTANTIAL, ECONOMIC TIN DEPOSITS IN TIER ONE JURISDICTIONS TO OFFER SECURITY OF SUPPLY TELLERHÄUSER & GOTTESBERG TARONGA Significant historic tin district DFS published EIS submitted Large and growing resource base Low capex, low cost, low risk, high returns Deposit >50,000t Sn Conflict Signif
Slide 4: Taronga and other resources: 366,100 t contained tin
Taronga NSW, Australia Contained Sn Mt % Sn Contained Tonnes Resource Mt % Sn %Zn Ag In Sn Tonnes Proved 26 0.14 36,000 Indicated 10.0 0.45 45,000 10.2 0.42 2.5 22.5 Probable 13 0.12 16,000 Inferred 18 0.52 93,600 8.6 0.62 2.6 26.9 Total P&P 40 0.13 52,000 Total 27.9 0.50 138,600 9.2 0.55 2.6 25.4 C
Slide 5: Market Summary, Significant Shareholders and Board of Directors
Market Summary Significant shareholders over 3% Market LSE and FSX Number of Total share Stakeholders Shares % Ticker 1SN MetalsX Ltd 162,309,524 29.95% Shares in Issue 541.8m Directors 59,334,532 10.95% Market Cap (9th June 2026) £65m st Cash (31 December 2025) £9.03m Baker Steel Resources Trust Li
Slide 6: Tin ranked as the metal most impacted by the energy transition and digital transformation
Tin ranked as the metal to be most impacted by the energy transition and digital transformation* Tin remains ever present in modern life, with around 50% used in solder. benefiting from the growth in: REFINED TIN USAGE, 2024e Solar energy systems Other Electric Vehicles Cu Alloys 7 5 5G communicatio
Slide 7: Mine production decreased 8% in 2024 and flat in 2025
World Tin Mine Production 350 300 250 200 150 100 50 0 Australia Africa South America Other Asia Myanmar Indonesia China other Mine production decreased 8% in 2024 and flat in 2025 Source: ITA, newsfeeds, World Mining Data 2025, Company websites; team analysis 6
Slide 8: Tin price hitting records due to tightening supply, with risk of price fly ups
Tin price hitting records due to tightening supply, with risk of price fly ups Cash Cost Curve Points vs Tin Price Tin Price LME Price USD/tonne USD/tonne 50000 60000 45000 55000 40000 Higher prices, with 50000 35000 fly-ups to induce 30000 new capacity 45000 25000 40000 20000 35000 15000 10000 3000
Slide 9: Costs and thin pipeline of new tin projects
costs AISC* vs contained tin (bubble size = total resource tonne (Mt)) Thin pipeline of new projects contained tin (t) AISC US$/t Resource Heemskirk Project %Sn Contained t Stage Mt 18k Taronga (NSW) 132.0 0.10 136,600 DFS Tellerhäuser (DE) 27.9 0.50 138,600 PFS 17k South Crofty Tellerhäuser Gottesb
Slide 10: Taronga
Taronga A low-risk asset in a low-risk jurisdiction Key milestones Attribute Profile Freehold land ownership* Low risk MLA lodged & native title clearance Open pit, low strip ratio Low cost, low risk Scoping report lodged with SEARs request*** Simple mineralogy & processing Low cost SEARs received S
Slide 11: Taronga DFS post-tax NPV and further upside
Further upside Post Tax NPV Sensitivity mAUD Satellite expansions 350 Fine-tin flotation circuit 300 Higher tin price 251 250 200 >US$50k 150 Spot tin price 100 50 MRE Update => LoM extension 0 -30% -20% -10% 0 10% 20% 30% Tin Price Opex Mining A$174m Opex Processing Capex -Proc DFS Post-Tax NPV Cap
Slide 12: Taronga low-cost open pit mining with low (1:1) strip ratio
Taronga will have low-cost open pit mining with low (1:1) strip ratio from wide and continuous mineralisation Taronga Cross Section 5000N Measured Indicated Current Pit Design Outcropping along ridge; low pre-stripping Wide and continuous mineralised zones Accessible, open in all directions Low stri
Slide 13: Mineralogy allows easy liberation and beneficiation of the cassiterite
Mineralogy allows easy liberation and beneficiation of the cassiterite Simple, low-tech, low-cost process flow sheet* Coarse cassiterite Crushing Coarse within sub-vertical Mining Screening Rejects Circuit quartz veins -800mm -12mm +2.8 mm Crushing fractures along quartz veins exposing cassiterite -
Slide 14: Simple geology and mineralogy provide competitive costs with high margin
Simple geology and mineralogy provide competitive costs with high margin Taronga DFS Cost and Margin Staircase Comparison Taronga Open-Pit Underground Mine USD/t Price/Cost Mined Ore x Grade x Recovery 5000kt x 0.13% x 60% 500kt x 1.2% x 70% Spot Tin Price May 20, 2026: = Sn Prod = 3,900 t Sn = 4,20
Slide 15: Drilling programme completed; assays confirming extended mineralisation
Drilling programme completed; assays confirming extended mineralisation and inferred resources conversion for longer mine life Tin Block Grade Distribution for the Taronga Mineral Resources, Oblique View +13.3% 71%+ M&I resources, to 97.7kt of contained tin now in M&I contained tin Assays confirm an
Slide 16: Maiden Mineral Resource Estimate for Copper and Silver at Taronga
Maiden Mineral Resource Estimate for Copper and Silver at Taronga Silver and Copper Intercepts in Drilling Category Mt Cu % Ag ppm Cu kt Ag Moz Inferred 132.0 0.05 2.8 60.6 12.0 Total 132.0 0.05 2.8 60.6 12.0 Sulphide-residue optionality Option for future silver & copper recovery from sulphide taili
Slide 17: Taronga is at the centre of a broader northern NSW tin district
Taronga is at the centre of a broader northern NSW tin district offering longer term developmental potential Tingha potentially another Taronga scale opportunity Significant exploration tenure covering 752km2 around Taronga Range of targets with previous drilling or recent soil sampling system aroun
Slide 18: Tellerhäuser, Germany: a high grade, polymetallic resource in a historic tin district
Tellerhäuser, Germany: a high grade, polymetallic resource in a historic tin district Recent Drilling Tellerhauser Deeps - Dreiberg 1.4m @ 1.26% Sn 1.0m @ 2.02% Sn 1.35m @ 1.49% Sn Gottesberg 73.3m @ 0.49% Sn 6.95m @ 1.46% Sn FIRST TIN INVESTOR PRESENTATION | JUNE 2026 17
Slide 19: Critical Mineral By-Product Targets in Tellerhäuser and Gottesberg
Critical Mineral By-Product Targets in Tellerhäuser and Gottesberg Exploration Gottesberg and Auersberg Germanium Resource at Tellerhäuser Gottesberg Exploration Targets for critical mineral by-products Tonnage Ga Metric Range Cu % WO3 % Bi % As % Ag ppm [Mt] ppm 18.71 t Ge 34.0 0.07 0.014 0.008 0.1
Slide 20: Manufacturing supply chain
manufacturing supply chain GERMAN OEM Zero-Trace Mining by underground processing Smelting on behalf of SAXORE Crushing Screening Sn Dry sorting 50% Grinding Sn Sorting Zinc Flotation concentrate Sulfide Flotation Sn Gravimetric 99,99% Sorting Tin flotation Germanrefined tin Tailings Strategic off-t
Slide 21: Tellerhäuser is at an advanced stage of its planning and permitting
Tellerhäuser is at an advanced stage of its planning and permitting Facultative LoMP Tellerhäuser: Without formal EIA Without regional planning procedure Stakeholder participation only Separate applications Water law Forest conversion Mandatory LoMP plan approval Exception nuclear waste procedure: M
Slide 22: Current work plan
Current work plan Taronga EIS completed; Awaiting Developmental Approval. DFS value enhancement: o Complete additional metallurgical testing work o Pit shell redesign and LoM increase. Fieldwork on satellite exploration licences. Commencement of early engineering and developmental works. Evaluating
Slide 23: Investment case
Investment case 100% ownership of two low-capex tin projects in low- Long-term growth potential risk OECD jurisdictions with existing infrastructure Value greater security of supply Taronga DFS published: open pit, 1:1 strip ratio, simple mineralogy and a low-tech, low-cost flowsheet Horizon 3 with
Slide 24: Get in touch
Get in touch Bill Scotting Chief Executive Officer bill.scotting@firsttin.com firsttin.com · LSE:1SN · FRA:1SN