Investor Presentaiton

> Peer comparison ENTERPRISE VALUE PER TONNE OF CONTAINED TIN RESOURCE. $2,500 $2,000 $1,500 $1,000 $500 2 Graph shows that First Tin is ~ $57/Tonne of contained tin vs UK peer Cornish Metals at ~ $422/Tonne $0 ALPHAMIN METALS X CORNISH METALS ELEMENTOS LIMITED STELLAR RES FIRST TIN Enterprise value per tin resource FIRST TIN INVESTOR PRESENTATION | Q4 2023 14.

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