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First tin PLC starts drilling at Taronga tin project in Australia

First Tin plc (“First Tin” or the “Company” – ), a tin developer focused on developing its low-capx projects in Germany and Australia, has commenced drilling with two rigs at the Taronga tin project in northern New South Wales, Australia, to improve the project’s resource estimates.

A reverse rotation (RC) drill rig arrived at the site last week and began drilling on September 13, 2022. The tool has now completed three drill holes, two of which have visible cassiterite (tin ore). The fourth well has already started.

RC drill rig set up at first drill site – Taronga tin project

RC drilling aimed to repeat some of Newmont’s earlier drilling completed some 40 years ago between 1979 and 1982 was therefore considered useful in confirming this historical data.

First Tin is drilling a number of untested or undervalued areas by Newmont with the aim of increasing overall resource levels. This drilling is located south of Newmont’s drilling and is located in the interval between drilling in Newmont’s North Zone and South Zone deposits. The current drill program has begun in the southern extension and the identification of cassiterite in drill cutting samples supports First Tin’s view that mineralization continues south.

On completion of RC drilling at Taronga, it is planned to move the drill rig to the Great Britain tin deposit, approximately 7km from Taronga. More details on the project will be announced in the coming weeks.

A diamond drill (DD) rig arrived at our Taronga site on September 18th and is expected to start drilling on September 19th.

This drill rig will also double drill (re-drill) many of the Newmont drill holes to ensure data validity and no quality issues.

A second DD rig is scheduled to arrive on site in early October to conduct geotechnical drilling that will allow effective planning of pit wall slopes.

Diamond drill rig coming on site at Emmaville, Taronga tin project, NSW, Australia

First Tin CEO Thomas Banker said: “While both our Tellerhauser (Germany) and Taronga (Australia) projects have been idle for more than 40 years, we are pleased to confirm that we now have drill rigs operating. We hope to expand the mineralization and increase the resource. Early detection of visible cassiterite in the southern extension of Taronga is a great start, and the results We look forward to updating all of our stakeholders with our preliminary assessment results in mid-October.”

To inquire:

The first tin

via SEC Newgate

Thomas Banker – CEO