First Tin PLC - tin mine developer with projects in Germany and Australia - Says subsidiary Taronga Mines Pty Ltd has been granted two new exploration licenses near the Taronga tin project in Australia, covering around 195 kilometres of prospective ground. EL 9733 and EL 9758 take Taronga’s total area under tenure in the Emmaville district to around 752 kilometres.

Chief Executive Officer Bill Scotting says: ‘Acquiring these additional licences strengthens our Hub and Spoke strategy, reinforcing Taronga’s potential as a future central processing facility. While our immediate focus remains on bringing Taronga into production, we are also committed to building a robust exploration pipeline in this highly prospective region.’

Current stock price: 4.80 pence, down 1.1% in London on Wednesday afternoon

12-month change: down 20%

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