Elementos Limited · ASX:ELT
Elementos — International Tin Conference 2024
27 slides from Elementos's conference presentation, May 16, 2024
Slide 1: Tin for an Electric Tomorrow
TIN FOR AN ELECTRIC TOMORROW For personal use only International Tin Conference 2024 - Investor Presentation May 2024 (ASX:ELT)
Slide 2: Cautionary statement
Cautionary statement 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 21% are classified as
Slide 3: Tomorrow's tin
Tomorrow’s tin Emerging tin developer on the cusp of defining and funding projects. 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. • One of only a handful of globally
Slide 4: Tin focussed with a critical portfolio
Tin focussed with a critical portfolio Tin, tungsten, zinc, copper, and fluorite are critical and strategic and in demand. For personal use only The minerals in our portfolio are rated “Critical” or “Strategic” by many major economies. • The international competition for critical minerals, including
Slide 5: 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? advanced renewable energy Others electric vehicles robotics energy computers & IT storage • Tin is a key electrical contact in electronic circuits (solder), printed Tin circuit boards an
Slide 6: Tin price in 2024 showing strength amid supply disruptions
Tin price in 2024 showing strength amid supply disruptions Demand returning and whilst supply is forecast to remains strained. LME & SHFE Cash/Spot Tin Prices (US$/t) For personal use only In 2024 the tin market looks significantly challenged, SHFE US$38,393/t which has led to stronger prices. 15 MA
Slide 7: Tin warehouse inventories dropping fast
Tin warehouse inventories dropping fast Tin metal in LME has dropped 41% in 20-weeks use only LME Daily Tin Warehouse Stock 1,000 Tin metal demand appears to be 8,000 picking up quickly with LME 800 stockpiles dropping rapidly 600 (~40% reduction in 5-months). 6,000 • Drawdowns are likely a result o
Slide 8: Global tin supply grim after decades of underinvestment
Global tin supply grim after decades Limited security of supply from responsible of underinvestment sources for major technology economies For personal use only Limited Security of Supply for Europe, Aus & USA Major producers struggling to maintain production levels Major global tin concentrate prod
Slide 9: Tin market entering material deficits
Tin market entering material deficits Even with modelled supply increases – increasing defects forecast to grow to 2030 (50,000t). For personal use only Global tin demand is forecast to increase 3-4%pa to service the technology revolution. Refined Supply, Demand & Deficits 460 35 • ~3%pa forecast gr
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: Oropesa Tin Project, Spain: 2023 Mineral Resource Estimate Update
Oropesa Tin Project, Spain 2023 Mineral Resource Estimate Update9 For personal use only 95% of 2023 MRE is classified either Measured or 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 12: Oropesa Tin Project, Spain: Maiden Zinc Mineral Resource Estimate
Oropesa Tin Project, Spain Maiden Zinc Mineral Resource Estimate For personal use only OROPESA 2023 MINERAL RESOURCE ESTIMATE - Zinc (0.05% Zn cut-off) Resource Classification Zn% Resource Tonnes Contained Zinc Metal (tonnes) Measured 0.37 8,664,418 31,670 Indicated 0.39 14,052,877 54,356 Subtotal:
Slide 13: 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 14: Optimisation Study (2022) Summary
Optimisation Study (2022) Summary NPV = A$342m, 2.5yr payback For personal use only Life of mine Tonnage averages Annual ore mined Annual ore sorter feed Annual processing plant feed Annual tin concentrate (62%) Annual tin metal production 1,250,000t 1,250,000t 1,000,000t 5,400t 3,350t Annual waste
Slide 15: Optimisation Study Snapshot
Optimisation Study Snapshot C1, C2, C3 & All-In-Sustaining-Cost For personal use only Key Results Key Costs Outputs (AISC) Summary US$/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 16: Approvals Update – new project layout
Approvals Update – new project layout modifications supported by Andalucian Authorities For personal use only The company recently announced a clear way-forward with Elementos re-forecasts the following key project the Andalucian Administration following negotiations to development dates: modify the
Slide 17: Agreed project modifications further 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 18: Agreed project modifications further minimise impacts
Agreed project modifications further minimise impacts whilst maintaining a responsible and feasible approach to mining operations Agreed Key Project Modifications For personal use only With the external waste dumps being modified to the southern edges of the open-pit, the movement of trucks dictates
Slide 19: 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 01 Mineral Resource defined - 95% Measure & Indicated categories markedly matured, significantly
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: Cleveland Tin Project
Cleveland Tin Project 100%-owned project located in mineral rich north-west Tasmania For personal use only Tin & Copper JORC Resources4 Tin & Copper Tailings JORC Reserve5 4 All resources calculated using a 0.35% Tin cut-off grade. This information was 5 This information was prepared and first first
Slide 22: Cleveland Tin Project: drilling commenced this week
Cleveland Tin Project Tin, Copper & Tungsten drilling commenced this week For personal use only Exploration Plan: • Drilling has commended at the Cleveland Project • Drill hole (C2123) is planned to target tin, copper and tungsten target previously identified by the company. • The 1,100m hole is pla
Slide 23: Cleveland Tin Project: Tin, Copper and Tungsten
Cleveland Tin Project Tin, Copper and Tungsten Operational history: Mine Access Road For personal use only • Operated as an underground mine for 27 years in two phases: WW1: 1908 – 1917 and 1968 to 1986 (by Aberfoyle Resources). • Total ore mined: 5.65mt @ 0.68% Sn & 0.28% Cu. • Total metal produced
Slide 24: 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 25: Corporate overview
Corporate overview For personal use only Share price Market capitalisation Major Shareholder distribution (April 2024) $A0.17c A$33.1 15 May 2024 15 May 2024 JM FINANCIAL, 52 week high $0.185, low $0.085 Andy Greig 6.0% 13.4% Shares on issue Cash GOM PROPERTIES 5.5% 194.7m A$0.6m MCCUSKER HOLDINGS 1
Slide 26: Disclaimer
Disclaimer For personal use only Forward-looking statements Competent Person Statement This document may contain certain forward-looking statements. Such statements are only predictions, based on certain The information in the report to which this statement is attached that relates to mining and the
Slide 27: 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)