Put companies on watchlist
First Tin Plc
ISIN: GB00BNR45554
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

First Tin Plc · ISIN: GB00BNR45554 · EQS - Analysts (10 News)
Country: Germany · Primary market: United Kingdom · EQS NID: 17913
20 October 2023 10:01AM


Original-Research: First Tin Plc - von GBC AG

Einstufung von GBC AG zu First Tin Plc

Unternehmen: First Tin Plc
ISIN: GB00BNR45554

Anlass der Studie: Research Report (Note) Empfehlung: Buy
Kursziel: 0.57 GBP
Kursziel auf Sicht von: 31.12.2024
Letzte Ratingänderung:
Analyst: Julien Desrosiers, Matthias Greiffenberger

Business Development 1. HY 2023
Overall, First Tin's first half of the year marked a period of significant strategic progress, establishing a robust foundation for future development and production that adheres to the highest environmental standards and satisfies the growing demand for responsibly sourced tin. The company achieved substantial operational milestones, advancing key workstreams at Tellerhäuser and Taronga.
Project Advancements and Regulatory Milestones: The thorough review conducted by the Saxonian Mining Authority has confirmed the suitability of First Tin's plans for the Tellerhäuser project. This endorsement has led to a noteworthy reduction in the overall permitting timeline, potentially shortening it by 12-18 months.
ESG-Focused Approach and Strategic Endorsement: Central to the Tellerhäuser project is First Tin's unwavering commitment to environmental, social, and governance (ESG) principles. The company has meticulously crafted a comprehensive plan for Tellerhäuser, prioritizing minimal ecological impact during both construction and production phases. This responsible approach aligns seamlessly with First Tin's strategic goal of delivering an ESG-compliant tin source to meet the growing demand for this crucial metal across Europe and beyond.
Taronga DFS progress
The Definitive Feasibility Study (DFS) for the Taronga project in Australia continues to gather momentum, marked by significant achievements: Renewable Energy Collaboration: Entering agreements with BID Energy Partners to conduct a renewable energy feasibility study, aimed at reducing power costs and providing crucial support for permitting processes. Exploration Milestones: Successful completion of confirmatory drilling and exploration activities, which not only confirmed the characteristics of mineralization but also expanded the project's potential. Tin Beetle Prospect Discovery: The exciting discovery of the Tin Beetle prospect, further substantiating the broader tin district hypothesis and adding to the project's overall prospectivity. Expanded Exploration License: TMPL has submitted an application for a substantial Exploration License, consolidating control over historically significant tin-producing areas.
Resource Size Augmentation: Positive outcomes from crushing testwork, along with a substantial increase in the Taronga resource size, as reported in the post-period end.
Cost-Efficient Processing Solution: Identification of a cost-effective processing option for tin mineralization at the Taronga asset. Looking ahead, First Tin remains steadfast in its commitment to deliver the DFS studies for both the Taronga and Tellerhäuser assets. These milestones are slated for completion in Q1 2024 and Q3 2024, respectively, marking significant steps towards realizing the full potential of these projects.  
In light of the positive developments, we reaffirm our valuation and price target of GBP 0.57 and confidently assign a Buy rating.

Die vollständige Analyse können Sie hier downloaden: http://www.more-ir.de/d/27913.pdf

Kontakt für Rückfragen
Halderstraße 27
86150 Augsburg
0821 / 241133 0
Offenlegung möglicher Interessenskonflikte nach § 85 WpHG und Art. 20 MAR Beim oben analysierten Unternehmen ist folgender möglicher Interessenkonflikt gegeben: (5a,11); Einen Katalog möglicher Interessenkonflikte finden Sie unter: http://www.gbc-ag.de/de/Offenlegung
Date and time of completion of the research report: 19.10.2023 (15:15) Date and time of the first disclosure of the research report: 20.10.2023 (10:00)

-------------------übermittelt durch die EQS Group AG.-------------------

Für den Inhalt der Mitteilung bzw. Research ist alleine der Herausgeber bzw. Ersteller der Studie verantwortlich. Diese Meldung ist keine Anlageberatung oder Aufforderung zum Abschluss bestimmter Börsengeschäfte.

Visual performance / price development - First Tin Plc
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.

The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.

1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.