First Tin Raises Estimated Value of Australia's Taronga Tin Project in Updated Feasibility Study

03:51 AM EDT, 08/17/2026 (MT Newswires) -- First Tin (1SN.L) said Monday that an updated definitive feasibility study for its Taronga tin project in New South Wales, Australia, significantly increased the project's estimated value. The study, including a low-risk conceptual planned phase 2 mine life extension, estimates a combined post-tax net present value of AU$246 million at a long-term tin price of $40,000 per tonne, up from AU$98 million in the 2024 study. The post-tax internal rate of return rose to 21% from 20%. At a spot tin price of $55,675 per tonne, the project's combined post-tax NPV increases to AU$580 million, with a post-tax IRR of 33.7%. The combined mine life is estimated at 13.5 years, while the payback period would be 24 months at current spot prices. The tin development company said environmental permitting is nearing its final stages, while financing and offtake discussions are progressing.