TinOne Resources Expands Portfolio with Promising Lithium Discovery in Tasmania

1. Company Overview: TinOne Resources Inc. is a Canadian company with a market capitalization of around nine and a half million dollars, listed on the Toronto and Frankfurt stock exchanges. They primarily focus on tin projects in Tasmania, Australia.
2. Project Focus: The company is currently focused on two primary projects, namely the Great Pyramid and Aberfoil. These projects involve tin exploration and have shown promising signs of containing lithium as well.
3. Tin Market Overview: The speaker highlighted the tin market's volatility and mentioned that China's impact on tin prices due to factors like COVID-19 and production fluctuations. However, the tin market has seen rebounds, and current prices are around twenty-seven thousand dollars per ton.
4. Tin's Significance: Tin is considered crucial for electrification and is expected to experience strong demand growth. The majority of tin supply comes from countries like Myanmar, Indonesia, China, and DRC, which can be politically uncertain.
5. Financials and Future Plans: The company has around 80 million shares outstanding and plans to raise capital for further exploration and development. They aim to update the resource estimates for their projects and potentially attract strategic investors or buyers in the future. The company sees significant potential in its tin and lithium exploration efforts.

TinOne Resources is a Canadian exploration company focused on tin projects in Tasmania, Australia. The company currently has three projects in its portfolio, with its flagship projects being Great Pyramid and Aberfoyle. Great Pyramid is an advanced stage sandstone-hosted tin project located 20 minutes from the Aberfoyle project. TinOne recently completed a 5,000 meter drill program at Great Pyramid to upgrade the historical tin resource. Chris Donaldson, Executive Chairman of TinOne, stated:

"It was quite successful. We found mineralization down at about 250-300 meters. Our best intercept was from the surface down 80 meters at a grade of 0.51% - so twice as deep, two and a half times the grade."

The company is now working to update the resource at Great Pyramid in the coming months, with the goal of increasing the resource size and grade.

Lithium Discovery at Aberfoyle

In addition to its tin assets, TinOne made an exciting lithium discovery at its Aberfoyle project earlier this year. The company discovered lithium while conducting soil sampling and mapping at Aberfoyle, which is located in an historic tin and tungsten mining district.

According to Donaldson:

"We sampled over 1% lithium with the bulk of samples around 0.5%. This is hosted in micas, which is not as common. Grades are pretty good compared to other projects."

The lithium mineralization covers an area of approximately 1 square km within the 96 square km Aberfoyle project area. TinOne is continuing sampling at Aberfoyle and expects to release additional results in the coming weeks. The lithium discovery provides additional upside for TinOne beyond its core tin assets. Donaldson noted the lithium discovery gives the company "options" and that "it's easier to raise money on the lithium front."

Strong Fundamentals for Tin

While the lithium discovery provides significant blue sky potential, TinOne remains focused on advancing its portfolio of tin projects in Tasmania.

The company is particularly bullish on the long-term upside for tin due to increasing demand from electrification and tightening supply dynamics. Tin is primarily used in solder, which is critical for connecting batteries and other electronics.

Donaldson explained:

"The main use of tin is in solder - it's really the glue that holds batteries and conductors together. Demand is forecasted to increase 4% annually over the next decade."

At the same time, over 80% of the world's tin is sourced from areas considered "dubious" including Myanmar, Indonesia, China and the DRC. Recent political instability and export restrictions in major producing countries like Myanmar have demonstrated how quickly tin supply can tighten. TinOne believes these dynamics provide a compelling opportunity for tin development projects in safe jurisdictions like Australia. The company aims to ultimately build a mine in Tasmania, which Donaldson notes is a zone approved for commercial production with good existing infrastructure.

Near-Term Catalysts

• Update resource at Great Pyramid project in the coming months
• Additional lithium sampling results from Aberfoyle in the coming weeks
• C$2 million raise is planned to fund the next stage of drilling and exploration

Key Reasons to Consider TinOne

• Promising lithium discovery provides significant blue sky potential
• Existing tin resources offer leverage to the rising tin price environment
• Projects located in mining-friendly Tasmania, Australia with good infrastructure
• Near-term catalysts from ongoing exploration and development activities
• Experienced management backed by the successful investment group, Inventa Capital

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