Taronga Mine Camp Agreement with Council

First Tin PLC, a tin development company with advanced, low capex projects in Germany and Australia, is pleased to announce that its 100% owned subsidiary, Taronga Mines Pty Ltd ("TMPL"), has secured an agreement with the Glen Innes Severn Council (GISC) to place its mine camp on GISC owned land adjacent to Glen Innes Airport. The agreement was ratified by GISC at their July council meeting.

This location was the subject of a historic development application for a pilot training centre and associated accommodation facility. However, this development did not eventuate and the land remains vacant.

The proposed mine camp will consist of approximately 50 accommodation units and supporting facilities. A rental agreement for the land has been negotiated on commercially acceptable terms.

The site was selected by TMPL after a thorough assessment of potential locations, with the following key benefits:

• Strategic location for transport and traffic management: It is located on the regional road linking Glen Innes with Emmaville and avoids project-related traffic going through the Glen Innes township (see Figure 1). The site also has sufficient area available to provide parking arrangements in accordance with relevant standards so that it may be used as a transport hub for camp residents and employees living in and around Glen Innes to use company buses for travel to and from the Mine Site. This will significantly reduce project-related traffic between Glen Innes and Emmaville.
• Existing infrastructure: Water, power and sewerage services of sufficient capacity to meet mine camp requirements are available at the site and TMPL will be able to connect and utilise these services.
• Community impact: Locating the camp on this vacant land near Glen Innes rather than within the small township of Emmaville (population of less than 500 people) avoids placing pressure on local Emmaville infrastructure.

This is an excellent outcome and represents another significant step forward for the Taronga tin project.

First Tin CEO, Bill Scotting commented:

"The selected site on GISC owned land is an ideal location for our proposed mine camp and will play a crucial role in supporting the development of our Taronga tin project. We are very happy to have reached a mutually beneficial agreement with GISC and look forward to working closely with them in the future."

Figure 1: Taronga Mine Camp Location Plan