Slide 1: Tin for an Electric Tomorrow
ASX:ELT TIN FOR AN ELECTRIC TOMORROW Investor Presentation July 2020
Slide 2: Cautionary statement
Cautionary statement The Economic Study (Study) (see ASX release “Oropesa Economic Study”, 7th May 2020) referred to in this announcement has been Statements in this release regarding the Elementos business or proposed business, which are not historical facts, are forward-looking undertaken for the
Slide 3: Tin for an electric tomorrow
Tin for an electric tomorrow Our vision is to become a major global tin producer. • Two tin projects with large resource bases and significant Firm strategy in place deliver value catalysts: exploration potential in mining-friendly locations. • Economic Study shows Oropesa Tin Project is one of the
Slide 4: Oropesa Tin Project
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 5: 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 6: 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 7: Attractive financial return with strong tin price leverage
Oropesa Tin Project Attractive financial return with strong tin price leverage *Forecast tin price of Pre-tax NPV8% US$19,750/tonne is below the 10-year US$92m* average LME tin price of approx. US$20,500/t. Pre-tax NPV Sensitivity US$ million Pre-tax IRR ASX:ELT 25% elementos.com.au Capital payback
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 • Planned resource optimisation and drilling ASX:ELT 20,000 Oropesa program has potential to reduce Econom
Slide 9: Simple open-cut mine
Oropesa Tin Project Simple open-cut mine • Drill and blast, truck and shovel operation. • Competitive mining costs of US$21.95/t. • Life-of-mine waste:ore ratio is 11:1 • Ore exposed at surface – no significant pre-strip ASX:ELT • Capital costs minimised by mining contractor model. elementos.com.au
Slide 10: Conventional tin process flowsheet
Oropesa Tin Project Conventional tin process flowsheet • Crushing, ore sorting, grinding, sulphide flotation, gravity separation and tin flotation recovery circuit. • Plant capacity is 750,000tpa to produce 2,440t of tin metal. • 76% recovery to a 62% grade tin concentrate. • Separation of sulphide
Slide 11: Low infrastructure costs from local power, water and labour supply
Oropesa Tin Project Low infrastructure costs from local power, water and labour supply • Access to low cost electricity and power lines traverse the project site. • Sealed road access to an export port, 185km away. • Experienced local mining workforce. ASX:ELT • Water readily available. • Site layou
Slide 12: Drilling and optimisation plan to increase Oropesa's resource
Oropesa Tin Project Drilling and optimisation Economic Study outcomes were positive but there are number of areas identified that have the potential to enhance plan to increase Oropesa’s the project’s economics. Four key areas of optimisation potential, include: overall resource, annual 1. New drill
Slide 13: Drilling & Optimisation Plan: Resource conversion
Oropesa Drilling & Optimisation Plan 1. New drilling - Resource conversion Oropesa geological resource model. Highlighted resources (circled) are not • Planned drilling program will target included in the current Production Target the conversion of near surface Inferred Resources to Indicated Resour
Slide 14: 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 15: Drilling & Optimisation Plan: Wider tenement potential
Oropesa Drilling & Optimisation Plan IP chargeability anomalies on survey line W4 showing location 1. New drilling - 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 16: Drilling & Optimisation Plan: 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 17: Drilling & Optimisation Plan: Re-examining existing drill core
Oropesa Drilling & Optimisation Plan 3/4. 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 hole
Slide 18: 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 19: 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 20: 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 21: Corporate overview
Corporate overview Mark Wellings (Eurotin) 18.0% Share price Market capitalisation $A0.005 $12.8m Directors & 10 July 2020 close 52 week high 0.006c, low $0.001c Management 11.7% Shares on issue Cash 2,554m $0.2m Keo Projects 3.4% ASX:ELT 30 June 2020 Andes Debt* Investors elementos.com.au 2.2% $2.3
Slide 22: Disclaimer
Disclaimer Forward-looking statements information or data that materially affects the Mineral Resource, Reserve or Exploration Target information included in the following announcements: This document may contain certain forward-looking statements. Such statements are only predictions, based on cert
Slide 23: 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