First Tin (1SN) Investor presentation summary

Investment overview

• Two tin projects in Germany and Australia target secure OECD supply, with existing infrastructure and low-risk jurisdictions.

• Presentation cites 100% ownership, a combined contained-tin resource base of 366,100 tonnes and a development pipeline extending from Taronga to German projects and satellite targets.

• Market details: LSE and FSX ticker 1SN; 541.8m shares in issue; £69.7m market capitalisation on 26 May 2026; £9.03m cash at 31 Dec 2025.

Tin market outlook

• Around 50% of refined tin use is solder; demand is linked to electronics, solar, EVs, 5G, AI, robotics and data storage.

• Tin is designated a critical or strategic mineral in jurisdictions including the US, UK, EU-member countries, China, Japan and Australia.

• Global tin mine production was estimated to decline 8% in 2024; the presentation highlights disruptions and supply risks in major producing regions.

• Tin spot price was $54,795/t on 26 May 2026; Taronga DFS breakeven is shown at $20,510/t.

Resource base and project pipeline

• Taronga resources are listed at 138,100t contained tin; Tellerhäuser at 138,600t and Gottesberg at 90,900t.

• Tellerhäuser has a 27.9Mt resource grading 0.50% Sn; Gottesberg has a 37.0Mt resource grading 0.25% Sn.

• The presentation positions Taronga and Tellerhäuser as advanced projects, with Gottesberg and regional satellite deposits offering longer-term growth options.