TinOne Reignites Drilling Programs at the Aberfoyle and Great Pyramid Tin-Tungsten Projects, Tasmania

TinOne Resources Inc. announced upcoming exploration and metallurgical programs across its 100%-owned Aberfoyle, Royal George, and Great Pyramid projects in Tasmania. Drilling is scheduled to commence in November 2026, with regulatory approvals secured for RC and diamond drilling; tailings work approvals are anticipated by year-end 2026.

The programs target tungsten and tin recovery from legacy tailings at Aberfoyle, define mineralization at the historic Aberfoyle Mine and Royal George, and support metallurgical testing at Great Pyramid.

Aberfoyle tailings include fine and coarse jig tailings with historical 1985 estimates of 198,000 and 570,000 tonnes respectively, though the company explicitly states these are not treated as current resources and a Qualified Person has not verified them. Royal George plans four RC holes to verify historical assay data, as no RC drilling has ever occurred at the site. Great Pyramid plans 200 metres of diamond drilling (4 holes) to generate samples for metallurgical test work, building on its 2023 Inferred Resource of 8.39 Mt at 0.17% Sn.

The announcement follows the closing of a $750,000 private placement in October 2026, which will fund these activities and working capital.

TinOne Resources Inc. (TORC) has released a routine operational update following its September/October 2026 financing, confirming that management is deploying capital into exploration as previously communicated. The company did not disclose a new resource estimate, economic study, or metallurgical recovery breakthrough. It explicitly disclaimed historical tailings estimates as current resources, limiting any immediate valuation impact.

The update, which extends the exploration timeline into late 2026, is expected by the market and does not alter the company's fundamental risk profile or liquidity position. Financially, the $750,000 raised will be consumed by drilling, regulatory compliance, and overhead. Given the prior-period cash balance of $40,432 and operating burn rates, this financing provides a short runway but does not resolve the underlying going concern status. The material impact on the stock is neutral to marginally positive, as it demonstrates execution capability but lacks transformative catalysts.

TinOne Resources Inc. (TORC) is a pre-revenue junior explorer focused on tin, tungsten, and lithium projects in Tasmania, Australia, a Tier 1 mining jurisdiction with strong ESG credentials. The company’s flagship assets include the Great Pyramid Tin Project, which holds an Inferred Resource of 8.39 Mt @ 0.17% Sn, and the Aberfoyle Tin-Tungsten-Lithium Project, a historic producer that yielded 2.1 Mt @ 0.90% Sn and 0.30% WO3 from the 1800s-1980s.

Management emphasizes tin's role in decarbonization, electrification, and semiconductor manufacturing, citing structural supply deficits expected until 2030. To conserve capital, the company is shifting its focus to tailings recovery, metallurgical testing, and verifying historic data, having impaired other projects including Rattler Range, Castle Carey, and Vickory Creek.