Investor Presentaiton
Ⓒ Taronga - Australia
FIFTH LARGEST UNDEVELOPED TIN RESERVE GLOBALLY
TARONGA IS A LOW RISK ASSET IN A LOW RISK JURISDICTION
The updated JORC MRE is reported using a 0.05% tin cut-off to a maximum depth of 300m
below surface, delivering a 240% increase in size on the previous MRE
Category
Measured
Freehold Land Ownership
Low Risk
Indicated
Sub-Total (M&I)
Inferred
Low Strip Ratio
Low Cost Mining
TOTAL
Simple Metallurgy
Low Cost Processing
Tonnage
(Million)
33.0
38.9
71.9
61.1
133.0
Grade
(% Sn)
0.13
0.11
0.12
0.09
0.10
Tin
(Tonnes)
44,200
42,000
86,200
51,900
138,300
(Minor rounding errors) Resources estimated under JORC 2012 guidelines (details and Table 1 on First Tin website)
Comparison with 2014 MRE using a 0.10% Sn cut-off shows a 40% increase in tin content
2014 MRE
2023 MRE
Solar Grid Power
Low Cost And Reliable
Tonnes Grade
Tin
(Million) (%Sn) (Tonnes)
Tonnes
(Million)
Grade
(%Sn)
Tin
(Tonnes)
Change
%
Water Rights
Allocation Received
History of Mining
Social License
Measured
Indicated
Sub-Total
Inferred
TOTAL
21.5
0.17
35,700
26.9
26.9
9.4
0.17
45,200
16.5
0.16
26,000
(42.5)
0.17
45,200
38.0
0.16
61,700
36.5
0.13
12,000
13.4
0.14
18,600
55
36.3
0.16
57,200
51.5
0.16
80,300
40.4
FIRST TIN OWNS 25KM² OF FREEHOLD LAND
*First Tin owns freehold land covering 70% of the resource area. 30% is potentially subject to Native Title
negotiations
FIRST TIN INVESTOR PRESENTATION | Q4 2023
(Minor rounding errors) Resources reported in accordance with JORC 2012 guidelines (details and Table 1 on First Tin
website)
2014 Estimates prepared by Mining One, August 2014, at a 0.10% tin cut-off grade. 2023 Estimates prepared by H&S
Consulting, September 2023, at a 0.05% tin cut-off, quoted here at a 0.10% Sn cut-off
Forecast Tin Production
~3000-4000 tpa tin in
~55-60% conc
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