Elementos Limited · ASX:ELT
Elementos — Investor Presentation (October 2024)
36 slides from Elementos's investor presentation, Oct 30, 2024
Slide 1: Investor Presentation: Tin (and Tungsten) for an Electric Tomorrow
Investor Presentation TIN (AND TUNGSTEN…) FOR AN ELECTRIC TOMORROW For personal use only October 2024 ASX:ELT elementos.com.au
Slide 2: Cautionary statement
Cautionary statement For personal use only This Presentation provides general background information about Elementos Limited’s (“Company’s”) activities. That information is current at the date of this Of the Mineral Resources scheduled for extraction in the Study mine production plan, approximately
Slide 3: Elementos is building momentum in 2024
Elementos is building momentum in 2024 Projects Market For personal use only 1 2 3 4 5 Flagship Oropesa Tin Project Oropesa DFS to be completed Robledallano Tin Smelter 50% Tin and tungsten drilling has LME tin price smashed through (Spain) on track to be Europe’s within 6-months after layout option
Slide 4: Driving additional value on top of solid foundations
Driving additional value on-top of solid foundations For personal use only Cleveland Formalise Scoping Study / project scope PFS and scale Cleveland Investigate further tungsten and Mineral Resource Critical Mineral mineralisation Expansion Works Spain Explore mineralisation extensions and regional
Slide 5: Tomorrow's tin
Tomorrow’s tin Tin developer, with two mines in development and smelter stake For personal use only Elementos Limited (ASX:ELT) owns two world class tin projects with large resource bases and significant exploration potential in mature mining jurisdictions. Oropesa Tin Project Robledallano Smelter C
Slide 6: Tin is the metal most impacted by electrification and new green technologies
Tin is the metal most impacted by electrification and new green technologies. For personal use only Did you know? electric advanced renewable computers energy Others robotics energy & IT storage vehicles • Tin is a key electrical contact in Tin electronic circuits (solder), printed Lithium circuit b
Slide 7: Tin price in 2024 showing strength amid supply disruptions
Tin price in 2024 showing strength amid supply disruptions In 2024 the tin market looks significantly supply LME & SHFE Cash/Spot Tin Prices (US$/t) For personal use only challenged, which has led to stronger prices during 2024. US$40.0k • Tin is the best performing base metal of the London Metals S
Slide 8: Tin market entering material deficits
Tin market entering material deficits New tin supply >60,000t required by 2030 to meet base case demand Global tin base-case demand is forecast to increase For personal use only Refined Tin Supply, Demand & Defecits ~3%pa to service the technology revolution. 475 15.0 455 10.0 • ~2.8%pa forecast gro
Slide 9: Global tin supply grim after decades of underinvestment
Global tin supply grim after decades of Limited security of supply from responsible underinvestment sources for major technology economies For personal use only Limited Security of Supply for Europe, Aus & USA Current producers struggling to maintain production levels Major mine production by countr
Slide 10: Oropesa Tin Project, Spain
Oropesa Tin Project, Spain Poised to be Europe’s first major tin mine For personal use only Greenfield, open-pit tin project in EU • Open-cut tin mining and processing operation producing tin concentrates for smelters in Europe, North America or Asia. • Responsible approach to mining, with strong lo
Slide 11: Smelter integration
Smelter integration Mine-to-metal production within Spain & the EU Elementos has signed an option term-sheet to For personal use only acquire up to 50% interest in Iberian Smelting S.L, the company which owns the Robledallano Tin Smelter, which is licenced and currently operating. • The smelter is l
Slide 12: Robledallano Smelting Facility
Robledallano Smelting Facility For personal use only • Current Ownership: The current smelter is • Audits & Compliance: The smelter is ISO-14001 owned by Iberian Smelting SL. 90% owned by certified and is in the process of being audited CRM Synergies and 10% owned by a private and registered as a Re
Slide 13: Oropesa Tin Project: 2023 Mineral Resource Estimate Update
Oropesa Tin Project, Spain 2023 Mineral Resource Estimate Update9 95% of 2023 MRE is classified either Measured or For personal use only Indicated Resources, totaling 18.5Mt at 0.39% Sn • 69,800m diamond drilling (356 holes) + 1,928m RC (12 holes) • 38% of 2023 MRE is classified as Measured Resource
Slide 14: Oropesa Maiden Zinc Mineral Resource Estimate
Oropesa Tin Project, Spain Maiden Zinc Mineral Resource Estimate 2023 Oropesa Mineral Resource Estimate for Zinc For personal use only OROPESA 2023 MINERAL RESOURCE ESTIMATE - Zinc (0.05% Zn cut-off) at a 0.05% Zn cut-off (JORC 2012) Resource Classification Zn% Resource Tonnes Contained Zinc Metal (
Slide 15: Optimisation Study (2022) & Basis of Environmental Submissions
Optimisation Study (2022) & Basis of Environmental Submissions High level layout and production target summary For personal use only Based on JORC Resources (November 2021) Mineral Resource (Nov 2021) Production Target (2022) 18.86Mt 82% conversion 15.50Mt 0.40% Sn [75.4kt Sn] US$30,000/t Pit Shell
Slide 16: Optimisation Study (2022) Summary
Optimisation Study (2022) Summary NPV = A$342m, 2.5yr payback For personal use only Life of mine Tonnage averages Annual ore mined Annual ore sorter feed Annual processing plant feed Annual tin concentrate (62%) Annual tin metal production 1,250,000t 1,250,000t 1,000,000t 5,400t 3,350t Annual waste
Slide 17: Optimisation Study Snapshot
Optimisation Study Snapshot C1, C2, C3 & All-In-Sustaining-Cost For personal use only Key Results Key Costs Outputs (AISC) Summary US$/tonne US$/tonne Cost Area Construction Capital Sn Conc. Sn Metal Low capital cost US$86m Clearing, Topsoil & Mining Preparation $113 $180 Mining $4,599 $7,369 Annual
Slide 18: Approvals Update: new project layout modifications
Approvals Update – new project layout modifications supported by Andalucian Authorities The company recently announced a clear way-forward with For personal use only Elementos re-forecasts the following key project the Andalucian Administration following negotiations to development dates: modify the
Slide 19: Agreed project modifications minimise impacts
Agreed project modifications further minimise impacts whilst maintaining a responsible and feasible approach to mining operations For personal use only Agreed Key Project Modifications Key agreed modifications to the project’s layout to minimise impacts are summarised below: 1. External Waste Dumps:
Slide 20: Strong partners delivering DFS
Strong partners delivering DFS The project has partnered with over 50 experienced and qualified local companies For personal use only Study & Project Leads Technical Partnerships Engineering Partners Site & Laboratory Contractors Environmental, Survey and Local Partners University & Corporate Relati
Slide 21: Project packages re-designed to align with modifications
Project packages re-designed to Major packages have been re-designed, with market align with modifications testing, financial modelling and reporting underway For personal use only Elementos has made significant progress in re-designing its major In addition, significant work on environmental survey
Slide 22: Project materially de-risked
Project materially de-risked DFS to be re-optimised to capture agreed layout changes For personal use only Elementos has confirmed all critical DFS data for the project, with engineering of key elements markedly 01 Mineral Resource defined - 95% Measure & Indicated categories matured, significantly
Slide 23: Further extensions and exploration potential
Further extensions and 2023 exploration drilling intersected exploration potential semi-massive to massive sulphide Drill hole ADD_04 has returned two significant zones of polymetallic (Tin, Zinc and Copper) mineralisation12: Further polymetric mineralisation For personal use only ADD_04:- 19.7m @ 0
Slide 24: Strategic tenure secured adjacent to Oropesa Tin Project
Strategic Tenure secured adjacent to Oropesa Tin Project. For personal use only • Elementos awarded three additional tenements adjacent to the Oropesa Tin Project in Spain1,2. Recently renamed: Laurencia, Pascuala, San Jose • The tenements are strategically important to the development of the Oropes
Slide 25: Cleveland Tin Project
Cleveland Tin Project 100%-owned project located in mineral rich north-west Tasmania Tin && Copper Tin Copper JORC JORC Resources Resources44 For personal use only 4 All resources calculated using a 0.35% Tin cut-off grade. This information was first disclosed under the JORC Code 2012 on 31 July 201
Slide 26: Cleveland: Significant tungsten and critical minerals assays received
Cleveland Tin Project RECENT UPDATE: Significant tungsten and critical minerals assays received Cleveland Exploration Updates: For personal use only • Near Surface Drilling (Copper, Gold & Tin): • C-2123: 0.45m @ 9.7% Cu, 5.15g/t Au, 18g/t Ag & 1.35% Zn from 111.0m • C-2124: 1.4m @ 3.76% Cu & 1.0% S
Slide 27: Cleveland: Tungsten co-mineralised with critical minerals
Cleveland Tin Project RECENT UPDATE: Significant tungsten and critical minerals assays received For personal use only Tungsten co-mineralised with suite of highly targeted Critical Minerals: • Critical and Strategic Minerals within Tungsten include: • Molybdenum • Fluorite/fluorspar (further assays
Slide 28: Cleveland Tin Project: Tin, Copper and Tungsten
Cleveland Tin Project Tin, Copper and Tungsten Operational history: For personal use only • Operated as an underground tin mine for 27 years in two phases: • 1908 – 1917 (WWI) & 1968-1986 (by Aberfoyle) • Total ore mined: 5.65mt @ 0.68% Sn & 0.28% Cu. • Total metal produced: 23,519t of Sn and 9,691t
Slide 29: Capital raise totals ~$3.3m to advance tin projects
Capital Raise Totals ~$3.3m to advance tin projects $2.0m Loan facility also renewed For personal use only • 1st August Elementos received firm commitments to raise A$2.5 million via a Placement (before costs) • The Placement was placed at $0.095 per share, with placees receiving one (1) unlisted Op
Slide 30: Focussed and experienced leadership
Focussed and experienced leadership For personal use only Our team has extensive experience in the mining and resources sector, including project acquisition, development and construction. Andy Greig Joe David Calvin Treacy Corey Nolan Non-Exec Chairman Managing Director Non-Exec Director Non-Exec D
Slide 31: Corporate overview
Corporate overview Major Shareholder distribution (October 2024) For personal use only Share price Market capitalisation $A0.080 A$17.5m 25 October 2024 25 October 2024 Andy Greig 52 week high $0.185, low $0.080 13.9% GOM PROPERTIES, Shares on issue Cash3,4 8.0% 218.2m A$0.5m JM FINANCIAL 18 October
Slide 32: Disclaimer
Disclaimer For personal use only Forward-looking statements 14 – Maiden Zinc Mineral Resource at Oropesa Tin Project, 29 th Nov 2024 15 – High Grade Copper & Gold intersected at Cleveland Project, 18 th June 2024 This document may contain certain forward-looking statements. Such statements are only
Slide 33: Get in touch
Get in touch Joe David For personal use only Elementos Limited Level 7, 167 Eagle Street Managing Director Brisbane Queensland 4000 +61 (0)7 2111 1110 Phone: +61 7 3212 6299 jd@elementos.com.au elementos.com.au (ASX:ELT)
Slide 34: Tin focussed with a critical mineral portfolio
Tin focussed with a critical Tin, tungsten, zinc, copper, molybdenum, rubidium, bismuth mineral portfolio and fluorite are critical and strategic and in demand. For personal use only Countries where Elementos’ mineral portfolio are listed as Critical or Strategic. • The international competition for
Slide 35: Global Measured & Indicated Mineral Resources by Company
Global Measured & Indicated JORC/N43-101 Mineral Resources by Company1,2 Open-Pit | Underground FirstTin 75.9Mt M+I 115.3kt Contained Tin Legend Size of bubble - contained tin tonnes JSC TinOne 90 69.8Mt M+I (Mt) only 238kt Contained Tin In operation, open pit Not in operation, open pit ELT, in deve
Slide 36: Global Measured & Indicated Mineral Resources by company datatable
Global Measured & Indicated JORC/N43-101 Mineral Resources by company Datatable Measured Indicated Measured & Indicated Inferred Total Mineral Resource Classification % Resource Contained Contained Contained Contained Resource Resource Measured Indicated / M&Ind / Inferred / Project Tonnes Grade Ton