Elementos Limited · ASX:ELT
Elementos — Australian Energy Conference 2021
26 slides from Elementos's conference presentation, Mar 17, 2021
Slide 1: Tin for an Electric Tomorrow
ASX:ELT TIN FOR AN ELECTRIC TOMORROW For personal use only Investor Presentation Australian Energy Conference | March 2021
Slide 2: Cautionary statement
Cautionary statement For personal use only 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 for
Slide 3: What metal is most impacted by new technology and electrification?
Q For personal use only What metal is most impacted by new technology and electrification? A It’s elementary. Tin, for its use in ASX:ELT batteries and as an electrical contact. elementos.com.au 3
Slide 4: Tin for an electric tomorrow
Tin for an electric tomorrow For personal use only Tin is used as a replacement for ASX:ELT lead in solder for connecting electronic circuits, an application that accounts for 50 per cent of elementos.com.au the metal’s demand. Source: Rio Tinto/MIT 4
Slide 5: Tin at year highs in 2021
Tin at 10 year highs in 2021 For personal use only LME Spot Tin Price US$/tonne • Prices increased this year on the back of declining stockpiles and strong industrial demand particularly for semi-conductors and electronics. • “Supply is simply struggling to keep up with demand,” Commonwealth Bank of
Slide 6: Tin market summary
Tin market summary For personal use only New tin production required • Global tin demand is steadily increasing as it services the technology revolution. • Electronics, communications, IT, renewable energy, and electric vehicles are all growth industries needing tin. • Existing tin mines are produci
Slide 7: Tin for an electric tomorrow
Tin for an electric tomorrow For personal use only Our vision is to become a major global tin producer. • Two world class tin projects with large resource bases • 48-hole drill program currently underway at Oropesa. and significant exploration potential in mining-friendly locations. • Drill program
Slide 8: Elementos: firm strategy to deliver value catalysts
Elementos For personal use only 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, ASX:ELT offtake and financing. e
Slide 9: Oropesa
Oropesa Tin Project For personal use only • 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 suppo
Slide 10: Oropesa: one of the world's highest grade open-cut tin projects
Oropesa Tin Project For personal use only 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 inc
Slide 11: Oropesa Economic Study (May 2020)
Oropesa Tin Project For personal use only 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 reve
Slide 12: Oropesa Net Present Value 8%
Oropesa Tin Project For personal use only Net Present Value 8% 291.7 Net present value 8% 251.7 214.3 Today’s tin price US$94.3m 174.3 Tin price US$19,750/tonne (Economic Study) 134.3 Net present value 8% 94.3 ASX:ELT -54.3 -50% -40% -30% -20% -10% 0% +10% +20% +30% +40% +50% US$228.5m -14.4 element
Slide 13: Oropesa potential bottom quartile cash cost
Oropesa Tin Project For personal use only • Oropesa cash cost compares favourably Potential to be bottom quartile cash cost against other tin developments around the world. Cash cost (US$/tonne of tin) • Resource optimisation 40,000 and drilling program has potential to reduce Economic Study waste-t
Slide 14: Drilling and optimisation started in October
Oropesa Tin Project For personal use only Drilling and optimisation Economic Study outcomes were positive but there are a 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
Slide 15: Drilling update
Oropesa Tin Project For personal use only Exploration drilling program on track to convert a Drilling update: significant proportion of the Inferred Resource to Indicated (increase in resource and mine life) Success with each drill hole. 25 done, 23 to go. Shallow mineralisation target (reduces stri
Slide 16: Oropesa drilling: Expn_022
Oropesa Tin Project For personal use only Drilling : Expn_022 Hole 22 targeting continuation of the mineralisation within the current Inferred Resource estimate (shown by the arrows). ASX:ELT elementos.com.au Cross section of Expn_011 16
Slide 17: Oropesa drilling: Hole 47A
Oropesa Tin Project For personal use only Drilling : Hole 47A Targeted on confirming shallow mineralisation identified from a 2014 resource estimate and continuation of the mineralisation within the current Inferred Resource estimate (shown by the arrows). ASX:ELT elementos.com.au 17
Slide 18: Firm strategy in place to deliver value catalysts
Elementos For personal use only Firm strategy in place to 1. Oropesa drilling and optimisation program and subsequent JORC Resource upgrade. Every hole is deliver value catalysts – successful, and major progress being made with the targeted Resource upgrade. major progress being 2. Finalise Oropesa
Slide 19: Cleveland
Cleveland Tin Project For personal use only • 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,
Slide 20: Cleveland exploration resumed February 2021
Cleveland Tin Project For personal use only Amid surging tin prices, we resumed • Initial reconnaissance geological confirmation mapping and rock chip sampling carried out by the company in February exploration activities at the Cleveland has confirmed the prospectivity of the untested anomalies whi
Slide 21: Cleveland Tin Project mine sequence
Cleveland Tin Project For personal use only Cleveland Tin Project mine sequence highlighting the surface projection of the geological resource with superimposed SP anomalies (in blue) and untested SP anomalies (in green) to the northeast of the historical workings. ASX:ELT elementos.com.au 21
Slide 22: Strong leadership
Elementos For personal use only 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 acco
Slide 23: Investment summary
Elementos For personal use only Investment summary Investment summary • Economic Study shows very strong investment case for the • Oropesa Exploration Target estimated at between 35-51mt Oropesa Tin Project. Tin price forecasts show strong @ 0.46 to 0.62% tin*. commodity pricing for the foreseeable
Slide 24: Corporate overview
Corporate overview Directors & Management 13.9% For personal use only Share price Market capitalisation $A0.011 $35.8m Mark Wellings 11 March 2021 close 52 week high 0.019c, low $0.001c (Eurotin) 12.0% Shares on issue Cash 3,258m $2.1m Keo Projects 3.4% ASX:ELT 28 February 2021 31 December 2020 Ande
Slide 25: Disclaimer
Disclaimer For personal use only *1 - “Acquisition of Oropesa Tin Project” released on 31 July 2018 *2 - “Significant Increase in Cleveland Open Pit Resource” released on 26 September 2018 Forward-looking statements *3 - “Oropesa Exploration Target” released on 4th February 2019 This document may co
Slide 26: Get in touch
Get in touch For personal use only 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