Elementos Limited · ASX:ELT
Elementos — Shareholder Meeting (November 2024)
27 slides from Elementos's shareholder meeting presentation, Nov 27, 2024
Slide 1: AGM Presentation
AGM Presentation 27 November 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: Elementos expanded asset values in 2024 and into 2025
Elementos expanded asset values in 2024 and into 2025 Projects Market For personal use only 1 2 3 4 5 Flagship Oropesa Tin Project Oropesa DFS to be completed Robledallano Tin Smelter 50% Completed an extremely LME tin price smashed through (Spain) on track to be Europe’s in Q1-2025 after negotiatin
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 is the best performing base metal of the London Metals U
Slide 6: 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 7: Approvals Update – new project layout modifications supported by Andalucian Authorities
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 8: Overview of modified project layouts following detailed design workstreams
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 9: 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 10: 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 11: 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 12: 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 13: Mining operations efficiently designed, minimising 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 14: 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 15: Environmental and Mining Licence documents nearing re-submission
Environmental and Mining Licence documents are nearing re-submission For personal use only Responsible design, development and mitigation of impacts associated with the Oropesa Tin Project is a clear focus of the company, including; • the measurement and minimisation of Impacts; • Life of mine desig
Slide 16: Responsible Closure and Restoration
Responsible Closure and Restoration Influences all stages of design, development and operations planning 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 17: 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 18: Cleveland Tin Project: Fast becoming a Critical Mineral Super Project
Cleveland Tin Project Fast becoming a Critical Mineral Super Project Tin, Copper, Tungsten, Molybdenum. Bismuth, Fluorite/Fluorspar, Rubidium For personal use only Suite of Critical Minerals identified at Cleveland ranked against the following Country/Economy’s Lists: Australia, US, EU, Canada, UK,
Slide 19: Cleveland Tin Project: Significant critical minerals assays received
Cleveland Tin Project For personal use only RECENT UPDATE: Significant critical minerals assays received Tungsten co-mineralised with suite of highly targeted Critical Minerals: • Critical and Strategic Minerals within Tungsten include: • Molybdenum • Fluorite/fluorspar (further assays pending) • Bi
Slide 20: 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 21: ~$3.3m raised to advance tin projects
~$3.3m raised to advance tin projects $2.0m Loan facility also renewed For personal use only 1 August 2024 Elementos Chairman Andy Greig shows Elementos received firm commitments to raise A$2.5 million via a continued and substantial support: Placement (before costs). The Placement was placed at $0.
Slide 22: 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 23: Corporate overview
Corporate overview Major Shareholder distribution (October 2024) For personal use only Share price Market capitalisation $A0.069 A$15.0m 26 November 2024 26 November 2024 Andy Greig 52 week high $0.184, low $0.066 13.9% GOM PROPERTIES, Shares on issue Cash3,4 8.0% 218.2m A$0.5m JM FINANCIAL 18 Octob
Slide 24: 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 25: 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 26: 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 27: Global Measured & Indicated JORC/N43-101 Mineral Resources by company
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