First Tin is led by renowned global tin specialists with over 150 years of experience in tin exploration, development, mining, processing and commercialisation. All of which are focused on corporate governance, ESG and aligning shareholder and stakeholder interests.
According to recent third-party studies, the combined development CAPEX of both projects totals c. US$125m compared to a combined NPV8 for both projects (at US$25,000 of tin) of c. US$ 263m. The post money market cap of First Tin after the £20m fundraise will be approximately £80m
100% ownership of two advanced, low capex tin development projects
First Tin’s assets are located in low-risk, conflict-free jurisdictions of Germany and Australia. These Tier 1 assets are located near good infrastructure, with established reserves and simple mineralogy creating a quick path to production. Both assets also have active mining licenses granted over them. Together the assets represent the 5th largest undeveloped tin reserve globally, outside Russia, Kazakhstan and the Democratic Republic of Congo.
Development studies will be completed by the end of 2023 with production forecast in 2025. Recently completed third party studies have demonstrated robust economics at materially lower tin prices than are in existence today.
Well positioned to take advantage of a growing market
Global demand for tin has significantly increased in recent times driven by the global clean energy and technological revolutions. Given the very low physical inventory levels currently sitting at the London and Shanghai metal exchanges coupled with significant supply challenges being faced by leading tin producing countries such as Myanmar and Indonesia, the macro-outlook for the tin market remains robust.
Providing assured provenance with a traceable, ESG compliant supply of a critical raw material
First Tin is committed to best-in-class environmental responsibility with a ‘leave no trace’ philosophy including using low carbon and low waste production methods. An independent ESG Digbee Audit is already underway to independently verify and score First Tin in this area.
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