Elementos Limited · ASX:ELT
Elementos — Shareholder Meeting (November 2020)
25 slides from Elementos's shareholder meeting presentation, Nov 16, 2020
Slide 1: Tin for an Electric Tomorrow
ASX:ELT TIN FOR AN ELECTRIC TOMORROW Annual General Meeting | 16 November 2020
Slide 2: Cautionary statement
Cautionary statement The Economic Study (Study) referred to in this announcement has been undertaken for the purpose of assessing the technical and economic Statements in this release regarding the Elementos business or proposed business, which are not historical facts, are forward-looking viability
Slide 3: Tin for an electric tomorrow
Tin for an electric tomorrow Our vision is to become a major global tin producer. • Two world class tin projects with large resource bases • Raised A$773,000 from an oversubscribed Share and significant exploration potential in mining-friendly Purchase Plan (SPP) in September, more than double the l
Slide 4: Firm strategy in place to deliver value catalysts
Elementos Firm strategy in place to 1. Oropesa drilling and optimisation program and subsequent JORC Resource upgrade. deliver value catalysts. 2. Finalise Oropesa environmental and permitting activities. 3. Oropesa Definitive Feasibility Study, offtake and ASX:ELT financing. elementos.com.au 4. Pro
Slide 5: Oropesa Tin Project overview
Oropesa Tin Project • Project acquired in 2019 (100%) with more than US$26 million invested in project development. • Planned open-cut mining operation and conventional processing facility producing tin concentrates to be shipped to smelters in Europe/Asia. • Strong local support for the project. •
Slide 6: One of the world's highest grade open-cut tin projects
Oropesa Tin Project One of the world’s highest JORC Mineral Resources1 31 July 2018 grade open-cut tin projects Measured Indicated Total • Economic Study Production Target derived from 2018 JORC Mineral Resource. 0.33 Mt 9.01 Mt 9.34 Mt 1.09% Sn 0.53% Sn 0.55% Sn • Resource includes 253 drill holes
Slide 7: Economic Study (May 2020)
Oropesa Tin Project Economic Study (May 2020) Oropesa Economic Study follows extensive drilling, geological, geotechnical, feasibility and metallurgical test work programs over more than 10 years. Annual ore feed Annual metal production Tin price Annual gross revenue Gross revenue x 14 years 750,000
Slide 8: Potential to be bottom quartile cash cost
Oropesa Tin Project Potential to be bottom quartile cash cost • Oropesa cash cost Cash cost (US$/tonne of tin) compares favourably 40,000 against other tin developments around the world. 30,000 • Resource optimisation and drilling program has ASX:ELT 20,000 Oropesa potential to reduce Economic Study
Slide 9: Drilling and optimisation started in October
Oropesa Tin Project Drilling and optimisation Economic Study outcomes were positive but there are number of areas identified that have the potential to enhance started in October to the project’s economics. increase Oropesa’s overall Three key areas of optimisation potential, include: 1. New drillin
Slide 10: Drilling & Optimisation Plan: Resource conversion
Oropesa Drilling & Optimisation Plan 1. New drilling - Resource conversion Oropesa geological resource model. Highlighted resources (circled) are not • Drilling program is targeting the included in the current Production Target conversion of near surface Inferred Resources to Indicated Resources. •
Slide 11: Drilling & Optimisation Plan: Fault controlled mineralisation
Oropesa Drilling & Optimisation Plan 1. New drilling - Incorporating fault controlled mineralisation • Second priority is to confirm interpreted near-surface fault- controlled mineralisation that has been identified from historical exploration data. ASX:ELT • Potential to significantly expand the mi
Slide 12: Drilling & Optimisation Plan: Wider tenement potential
Oropesa Drilling & Optimisation Plan 1. New drilling - IP chargeability anomalies on survey line W4 showing location of proposed exploration drill hole P53 Wider tenement potential IP chargeability anomalies on survey line 16 showing location of proposed exploration drill hole P31 ASX:ELT elementos.
Slide 13: Incorporating the lower grade tin halo
Oropesa Drilling & Optimisation Plan 2. Incorporating the lower grade Green represents the current Oropesa tin halo into the JORC JORC Mineral Resource and orange represents the large halo of lower grade Resource Model mineralisation currently excluded from the current JORC Mineral Resource • Tin mi
Slide 14: Re-examining existing drill core and geological interpretation
Oropesa Drilling & Optimisation Plan 3. Re-examining existing drill core and geological interpretation • 173 early exploration diamond drill holes have been identified which show the potential for having additional tin mineralisation not in current mineral resource. • Re-examining these drill holes
Slide 15: Drilling Oct 2020: Visible mineralisation
Oropesa Tin Project Drilling Oct 2020: Visible mineralisation • Six holes drilled to date. • Significant development of oxidised sulphide and mineralising textures have been recognised in the core of Expn_011 in three separate zones down hole. ASX:ELT • The zones of mineralisation within Expn_011 ar
Slide 16: Drilling: Expn_011
Oropesa Tin Project Drilling : Expn_011 ASX:ELT elementos.com.au Cross section of Expn_011 16
Slide 17: Drilling: Hole P53
Oropesa Tin Project Drilling : Hole P53 • Sighted 600m NW of the Oropesa geological resource, drill hole P53 intersected fresh semi-massive sulphide mineralisation from a down hole depth of 188.9 to 190.2m. • The mineralisation is contained within a steeply dipping structure that ASX:ELT coincides w
Slide 18: Drilling: Hole P53 cross-section
Oropesa Tin Project Drilling : Hole P53 ASX:ELT Cross-section of the location of Exploration drill hole P53 overlain on section of chargeability for IP line W4 elementos.com.au 18
Slide 19: Cleveland Tin Project
Cleveland Tin Project • Cleveland Tin Project (100%-owned) located in mineral rich north- west Tasmania. • Operated as an underground mine by Aberfoyle Resources from 1968 to 1986 – demonstrated mining and metallurgical outcomes. • Significant endowment of tin-copper tailings, open-cut and undergrou
Slide 20: Tin market summary
Tin market summary New tin production required • Global tin demand is steadily increasing as its services the technology revolution • Electronics, communications, IT renewable energy, and electric vehicles are all growth industries needing tin. • Existing tin mines are producing from lower grade, di
Slide 21: Strong leadership
Elementos Strong leadership Andy Greig Chris Dunks Corey Nolan Calvin Treacy Brett Smith ASX:ELT Non-Exec Chairman Executive Director Non-Exec Director Non-Exec Director Non-Exec Director Andy has 35 years of experience in the Currently the Managing Director of Corey is an accomplished public Calvin
Slide 22: Investment summary
Elementos Investment summary Investment summary • Economic Study shows very strong investment case for the • Oropesa Exploration Target estimated at between 35-51mt Oropesa Tin Project. @ 0.46 to 0.62% tin* • Drilling and optimisation plan to increase Oropesa’s overall • Board and management experie
Slide 23: Corporate overview
Corporate overview Mark Wellings (Eurotin) 14.1% Share price Market capitalisation $A0.005 $15.5m Directors & 10 November 2020 close 52 week high 0.10c, low $0.001c Management 11.7% Shares on issue Cash 3,106m $2.7m Keo Projects 3.4% ASX:ELT 30 September 2020 Andes Debt* Investors elementos.com.au 2
Slide 24: Disclaimer
Disclaimer Forward-looking statements *1 - “Acquisition of Oropesa Tin Project” released on 31 July 2018 *2 - “Significant Increase in Cleveland Open Pit Resource” released on 26 September This document may contain certain forward-looking statements. Such statements are 2018 only predictions, based
Slide 25: Get in touch
Get in touch Chris Dunks Elementos Limited Level 6, 10 Market Street Executive Director Brisbane Queensland 4000 0410 435 554 Phone: +61 7 3212 6299 cd@elementos.com.au elementos.com.au