Elementos Limited · ASX:ELT
Elementos — Investing in Tin Conference - London 2024
33 slides from Elementos's conference presentation, Dec 6, 2024
Slide 1: Investing in Tin Conference - London
Investing in Tin Conference - London Hosted by the International Tin Association 06 December 2024 TIN, For personal use only TUNGSTEN AND CRITICAL MINERALS FOR AN ELECTRIC TOMORROW 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: Tomorrow's tin
Tomorrow’s tin Tin developer, with two mines in development and a strategic 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 Robledalla
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 Mineral Resource Downhole Geophysics, historic data Expansion Works review, ore sorting, metallurgy Spain Tenure Explore mineralisation extensions and
Slide 5: 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 remains the best performing base metal of the London Met
Slide 6: 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 7: 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 Spain / Europe. • Modern and responsible approach to mining, processing and sme
Slide 8: Smelter Option - Vertical Integration
Smelter Option - Vertical Integration Mine-to-metal production within Spain & the EU Elementos has an option term-sheet to acquire up to For personal use only 50% interest in Iberian Smelting S.L, the company which owns the Robledallano Tin Smelter, which is licenced and currently operating. • The s
Slide 9: Robledollano Smelting Facility
Robledollano 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 10: 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 11: Optimisation Study (2022) Summary
Optimisation Study (2022) Summary NPV = A$337m, 2.5yr payback For personal use only Life of mine Tonnage averages Annual ore mined Annual ore sorter feed Annual processing plant feed Annual tin concentrate (62%) Annual tin metal production 1,250,000t 1,250,000t 1,000,000t 5,400t 3,350t Annual waste
Slide 12: Optimisation Study Snapshot
Optimisation Study Snapshot C1, C2, C3 & All-In-Sustaining-Cost For personal use only Key Results Key Costs Outputs (AISC) Summary US$/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 13: Approvals Update – new project layout modifications
Approvals Update – new project layout modifications supported by Andalucian Authorities The way-forward plan has been established with the For personal use only Elementos re-forecasts the following key project Andalucian Administration following negotiations to development dates: modify the layouts
Slide 14: Overview of modified project layouts
Overview of modified project layouts following detailed design workstreams to further minimise disturbance and impact whilst maintaining a responsible and feasible approach to mining operations For personal use only Key Project Infrastructure Summary Overview and benefits of key infrastructure – aft
Slide 15: 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 16: Project Technically de-risked
Project Technically de-risked DFS has been 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, significan
Slide 17: 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 18: Mining operations designed to minimise unnecessary disturbance
Environmental and Mining Licence Mining operations have been efficiently designed, documents are nearing re- minimising unnecessary disturbance submission For personal use only Ore Mining & Waste Mining Schedule Design The Mining Operations have been scheduled to achieve responsibility goals, includ
Slide 19: Major project packages redesigned to align with negotiated layouts
Major project packages redesigned to align Modification to pit design, waste dumps, tailings dam, access roads, Mineral Process Plant, crushing & materials handling, ore sorting with layouts negotiated with the Andalucían have all been significantly progressed with market testing, financial Administ
Slide 20: Environmental impacts surveyed, qualified and quantified
Environmental and Mining Licence Environmental impacts have Mitigation and minimisation of been surveyed, qualified and impacts is core to our design documents are nearing quantified philosophies re-submission For personal use only Understanding possible Impacts Responsible design, development and m
Slide 21: Responsible Closure and Restoration
Responsible Closure Influences all stages of design, development and operations planning and Restoration For personal use only Mine Closure & Rehabilitation The mine closure and rehabilitation plan has influenced all stages of the mine development and operations, including; • Progressive rehabilitat
Slide 22: 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 Oropesa
Slide 23: 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 24: Cleveland Tin Project operational history
Cleveland Tin Project Total ore mined Total metal produced Historic production 5.65mt @ 0.68% Sn 23,519t of Sn and & 0.28% Cu 9,691t of Cu For personal use only Operational History Old Mine • Historical drives and workings extend more than 400m below the surface Operated as an underground mine for 2
Slide 25: Cleveland Project historical mine
Cleveland Project Historical mine For personal use only Historical underground development and mined out stopes (looking north) Schematic of Cleveland underground development (ASX:ELT) 25
Slide 26: Cleveland Tin Project recent update: tungsten and critical minerals assays
Cleveland Tin Project RECENT UPDATE: Significant tungsten and critical minerals assays received Downhole geophysics underway next week – testing targets in highlighted zone For personal use only Tungsten co-mineralised with suite of highly targeted Critical Minerals: • Molybdenum • Fluorite/fluorspa
Slide 27: 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 28: Focussed and experienced leadership
Focussed and experienced leadership Our team has extensive For personal use only 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 29: Corporate overview
Corporate overview Major Shareholder distribution (December 2024) For personal use only Share price Market capitalisation $A0.068 A$16.1m ANDY GREIG (ELT CHAIRMAN), 19.9% 05 December 2024 05 December 2024 52 week high $0.184, low $0.066 Shares on issue Cash3 236.1m A$1.0m GOM PROPERTIES, 7.6% 05 Dec
Slide 30: 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 31: 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 32: 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 33: Global 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
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