First Tin Plc · LSE:1SN
First Tin — Investing in Tin 2024
17 slides from First Tin's conference presentation, Dec 6, 2024
Slide 1: High Value, Advanced Tin Projects in Australia and Germany
HIGH VAL UE, ADVANCED TIN P ROJE CTS I N AUSTRALIA AND GERMANY Investing in Tin 2024 International Tin Association 6th December 2024
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 company number 07931518 “Company”)
Slide 3: Key messages
Key messages ➢ Structural changes driving Tin’s importance: • Strong demand growth from multiple sectors • Constrained supply in geopolitically unstable areas ➢ New geo-politically secure supply is fundamental to address supply constraints and deficits. ➢ First Tin offers: • Two advanced new tin pro
Slide 4: Corporate overview: well capitalised following recent £10m placements
Corporate overview: well capitalised following recent £10m placements Market LSE and FSX Significant shareholders over 3% Ticker 1SN Number of Total share Stakeholders Shares % Shares in Issue 451m MetalsX Ltd 135,166,667 29.91% Market Cap (3rd December 2024) £26.2m £1.4m (£10.0m gross raised H2 Dir
Slide 5: Tin's structural story continues to develop positively
Tin’s structural story continues to develop positively Situation: • Significant, structurally driven growth in demand arising from the energy transition and digital transformation. • Tin prices have significantly outperformed other base metals since the start of the year. NEW PROJECT PIPELINE • Limi
Slide 6: First Tin – advanced projects and 4th largest undeveloped tin resources
First Tin – advanced projects and 4th largest undeveloped tin resources* TARONGA, NSW, AUSTRALIA SAXORE, GERMANY Reserves Tonnage Assay Contained Tin Tellerhäuser Classification (Mt) (% Sn) (Tonnes) Contained Resource Tonnage Assay % % ppm ppm Tin Proved 26 0.14 36,000 Category (Mt) (% Sn) Fe2O3 Zn
Slide 7: Taronga: potentially the world's next new tin mine
Taronga: potentially the world’s next new tin mine with large scale, low risk, low cost… A LOW-RISK ASSET IN A LOW-RISK JURISDICTION Key Milestones ➢ Definitive Feasibility Study** Freehold Land Ownership* Low Risk completed Open pit, low Strip Ratio Mining Low Cost ➢ MLA lodged and Native Title cle
Slide 8: …with attractive economics and upside potential
…with attractive economics and upside potential Indicative Taronga Pre-Tax NPV Staircase (AUDm)* Further upside: 645 • Brownfield expansions • Fine tin Recovery 251 259 flotation circuit Convert Inferred resources as per improvements** • Higher tin pit optimisations price 345 40 41 243 115 50 52 Ext
Slide 9: Competitive costs with high margin
Competitive costs with high margin Cost and Margin Staircase Competitor Comparisons Price/Cost USD AISC*/tonne Tin: 40,000 • Alphamin: US$13,900 2023 “lowest 35,000 Spot Tin Price: US$ 33,097/t tin sold quartile” 30,000 • Taronga: US$15,843**, DFS • Metals X: US$18,296**, 2023 25,000 52% 20,000 Full
Slide 10: Low-cost open pit mining with low (1:1) strip ratio
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 • Wide and continuous mineralised zones • Accessible, open in all directions • Low strip ratio due to topography - ~1:1 • (Tower of Big Ben sh
Slide 11: Mineralogy allows easy liberation and beneficiation of the cassiterite…
Mineralogy allows easy liberation and beneficiation of the cassiterite… Crushing fractures along quartz veins exposing the cassiterite FIRST TIN INVESTING IN TIN | DECEMBER 2024 10
Slide 12: …through a simple, low-tech, low-cost process flow sheet
…through a simple, low-tech, low-cost process flow sheet* Conventional Mining Coarse Rejects Crushing Circuit Screening 2.5Mtpa 0.03% Sn 5.0Mtpa -800mm -12mm +2.8 mm 0.13% Sn -2.8 mm 2.5Mtpa 0.22% Sn 1.7Mtpa +0.4 mm Screening 0.16% Sn 0.9Mtpa -0.4 mm 0.35% Sn 0.2Mtpa 1.4% Sn Basic 1.0Mtpa Gravity Sm
Slide 13: 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 brownfield developmental potential FIRST TIN INVESTING IN TIN | DECEMBER 2024 12
Slide 14: Tellerhäuser, Germany – a high grade, polymetallic resource in a tin district
Tellerhäuser, Germany – a high grade, polymetallic resource in a 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 INVESTING IN TIN | DECEMBER 2024 13
Slide 15: Capitalised to finance priorities over next 12-15 months
Capitalised to finance priorities over next 12-15 months Taronga work program • Completion and submission of the EIS and obtaining Developmental Approval. • DFS value enhancement: o Additional met testing work to improve recoveries. o Extension and infill drilling and conversion of inferred resource
Slide 16: Investment case
Investment case • 100% ownership of two low capex tin development projects in low-risk OECD jurisdictions with existing FIRST TIN GROWTH HORIZONS infrastructure, which offers greater security of supply • Quick and de-risked path to production due to established reserves and simple mineralogy Value •
Slide 17: Contact
CONTACT BILL SCOTTING Chief Executive Officer Bill.scotting@firsttin.com +44 773 499 3547