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Investor Presentaiton

① Investment case COMPELLING VALUATION VERSUS GLOBAL TIN PEERS • 100% ownership of two low capex tin development . . • projects in low-risk jurisdictions Quick and de-risked path to production due to established reserves and simple mineralogy Definitive Feasibility Studies on both projects underway Simple and cost-effective Taronga flowsheet with impressive grade beneficiation at crush stage leading to a significant reduction of volume being processed • Previous scoping study and PFS suggest robust economics at US$25,000 tin with significant leverage to higher tin prices ༢| ترا FIRST TIN OFFERS • Tin enables the energy transition and digital revolution - significant supply deficit expected from 2026 onwards • Led by a management team with significant personal investment committed to the environmentally sensitive development of tin projects in conflict-free jurisdictions HIGH-VALUE, LOW-CAPEX ASSETS FIRST TIN INVESTOR PRESENTATION | Q4 2023 OECD-BASED RESOURCE PORTFOLIO INFRASTRUCTURE ADVANTAGES 2
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