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First Tin (1SN): Taronga permitting and development approval

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1SN First Tin

£73m · 13.4p · +70% since the first step
18.0p 6.0p Now 13.4p · 23 Oct −2% +77% −20% +0% −4% +10% Oct ’25NovDecJan ’26FebMarAprMayJunJulAugSepOct
18 Dec 2025 · Final assays in; independent consultant updating resource · +77% until the next step All assay data has been provided to an independent consultant for an updated Mineral Resource Estimate, expected by early 2026.
1 Jun 2026 · RTS lodged with DPHI; awaiting assessment · −4% until the next step Final NSW Government departments and agency consultation on the RTS, coordinated by DPHI;
Project milestones
Taronga permitting and development approval
Final approval stages; RTS under assessment
Next: Development Approval from DPHI after RTS assessment
Every step · 8
  1. 27 Oct 2025 EIS submitted September 2025 – Submitted the Environmental Impact Statement (EIS) in September 2025, a significant step forward for Taronga, and the anticipated receipt of developmental... ↗
  2. 4 Nov 2025 Drilling complete; 36 assays outstanding; DFS mid-2026 – Once the remaining assay are received later this month, we will move swiftly to update our resource and reserve estimate ahead of the optimised DFS to be... ↗
  3. 12 Nov 2025 EIS exhibition closed; IPC referral avoided – the project will now proceed through the standard departmental approval process rather than referral to the Independent Planning Commission (IPC) ↗
  4. 18 Dec 2025 Final assays in; independent consultant updating resource – All assay data has been provided to an independent consultant for an updated Mineral Resource Estimate, expected by early 2026. ↗
  5. 25 Feb 2026 Updated MRE underway ahead of DFS update – Updated Mineral Resource Estimate ("MRE") underway, expected to convert inferred resources to measured and indicated categories, support an extended mine... ↗
  6. 30 Apr 2026 Updated MRE delivered; DFS update pending – We look forward to incorporating updated pit designs and an extended life of mine, based on the new MRE, in our forthcoming DFS update. ↗
  7. 1 Jun 2026 RTS lodged with DPHI; awaiting assessment – Final NSW Government departments and agency consultation on the RTS, coordinated by DPHI; ↗
  8. 17 Aug 2026 Final approval stages; RTS under assessment – has completed an updated Definitive Feasibility Study ("DFS") for its 100%-owned Taronga Tin Project in New South Wales, Australia. ↗

What is happening

First Tin: Taronga permitting and development approval – Final approval stages; RTS under assessment. ['Final approval stages; RTS under assessment']

In short
The Response to Submissions was lodged with DPHI on 1 June 2026 after only four objections, so there is no IPC referral. The DFS update repeats that permitting is in final approval stages. Phase 1 sits within the existing pit limits in the permit application. Phase 2 will need later permitting. No approval date is given.
Announced
27 Oct 2025 · EIS submitted September 2025
Latest
17 Aug 2026 · Updated DFS completed
Next milestone
Agency consultation on the RTS, coordinated by DPHI, then departmental assessment and draft approval conditions
Approval pathway
Standard departmental route; no IPC referral after four objections
Regulator
Department of Planning, Housing and Infrastructure (DPHI)
Timetable
Development Approval date not stated
Phase 1 scope
Contained entirely within existing pit limits in current permitting envelope
Phase 2
Requires permitting in later years; described as low-risk continuation of mining
Existing support
Non-binding US EXIM Letter of Interest for up to US$120m
Status
Financing and offtake discussions progressing and well advanced

What comes next

Development Approval from DPHI after RTS assessment.

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