First Tin PLC - tin development projects in Germany and Australia - Says its 100% owned subsidiary, Taronga Mines Pty Ltd completes a review of exploration potential within its tenement holdings around its Taronga tin project in Australia. The review highlights the excellent project pipeline available in the Taronga district and confirms the possibility of a hub-and-spoke concept with the proposed Taronga processing facility being the hub of a district scale mining centre.

Chief Executive Bill Scotting comments: ‘While bringing our Taronga project into production remains our highest priority over the short term, the recent exploration review has shown a large pipeline of nearby projects within this exceptional tin district that we intend to progress in parallel, to sustainably meet the forecast medium-term growth in tin demand.’

Current stock price: 5.00 pence, down 8.3% in London on Tuesday

12-month change: up 12%

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