Elementos Limited · ASX:ELT
Elementos — RIU Sydney Resources Roundup 2026
24 slides from Elementos's conference presentation, May 5, 2026
Slide 1: Advancing a Strategic Global Tin Supply
Advancing a Strategic Global Tin Supply RIU Sydney Resources Roundup 5th May 2026 ASX:ELT elementos.com.au
Slide 2: Cautionary Statement
Cautionary Statement. ASX:ELT This Presentation provides general background information about Elementos Limited’s (“Company’s”) activities. That information is current at the This Presentation contains a series of forward-looking statements and forecast financial information. The words “expect”, “po
Slide 3: Elementos offers investors exposure to tin with critical minerals upside
Elementos (ELT) offers investors compelling ASX:ELT exposure to tin with critical minerals upside: 01 02 03 04 05 Exposure to tin, an under- Attractive entry price into Experienced team with Oropesa DFS modelling The Cleveland mine has invested critical metal ELT ~A$200M# which major “skin in the ga
Slide 4: Two mature tin projects, primed for near-term development
Two mature tin projects, primed for ASX:ELT near-term development. Oropesa Project Cleveland Project Andalucia, Spain Tasmania, Australia The EU’s only advanced tin mining project and one of the few vertical integrated tin supply Historic tin mine under re-evaluation as a tin chains in the world (mi
Slide 5: A$29.5 million strategic placement by L1 Capital
The A$29.5 million strategic ASX:ELT placement by L1 Capital in 01 February was a major vote of Oropesa Project confidence. Advancing toward Final Investment Decision and starting equity balance for project financing • L1 Capital joins the register as a major, high- conviction institutional investor
Slide 6: Tin prices have averaged >US$39.1k/t over the past 12 months
Tin prices have averaged ASX:ELT LME & SHFE Cash/Spot Tin Prices Holding Close to Highs >US$39.1k/t over the past US$/tonne 12 months and currently sits at US$50k/t. US$60.0k LME US$50,250/t US$57.5k 24 APR 2026 US$55.0k SHFE US$50,151/t 24 APR 2026 US$52.5k US$50.0k US$47.5k 6 US$45.0k US$42.5k US$
Slide 7: Oropesa is the only integrated mine-to-metal tin project in the EU
Oropesa is the only ASX:ELT integrated mine-to-metal tin project in development within the European Union. 7 • Europe and North America (USA, Canada and Mexico) produced no primary tin in 2024 and 2025. • Europe consumes ~40,000t tin ingots / year, importing ~34,000t (83%), with recycling making up
Slide 8: Tin included in Spain's National Mining Exploration Program priority list
Tin included within list of ASX:ELT priority raw materials by the Spanish Government’s new National Mining Exploration Program (PNEM 2025–2030). 8 Tin’s formal PNEM recognition strengthens permitting and investment pathways and reflects Spain’s recognition of tin’s growing strategic relevance, its s
Slide 9: Oropesa is one of the few tin projects with an Ore Reserve
Oropesa is one of the few tin Maiden Ore Reserve^> ASX:ELT projects with an Ore Reserve, and the only major project in Europe. Maiden Ore Reserve^> Maiden Ore Reserve Contained Tin Metal Estimate Total Total 15.90Mt 57,894t 0.36% Sn 38% 62% 9 Mineral Resources*> 76% conversion Mineral Resource Estim
Slide 10: Definitive Feasibility Study confirms robust project design and economic outcomes
Definitive Feasibility Study ASX:ELT Market cap# vs Oropesa DFS NPV8% comparison confirms robust project design and economic outcomes.* NPV8% (DFS Base Case at US$30k/t Tin) A$270M Market Based on a reference tin *Refer ASX Release dated 4 April 2025 Oropesa Tin Project: Definitive Feasibility Study
Slide 11: Cleveland offers advanced multi-commodity optionality in north-west Tasmania
Cleveland offers advanced ASX:ELT multi-commodity optionality in mineral rich north-west Tasmania. 100%-owned historical mining operation has growing restart potential. Operated as underground tin (and by-product 11 copper) mine for 27-years.
Slide 12: Cleveland continues to prove-up more base, precious and critical minerals
Cleveland continues to ASX:ELT Tin and copper JORC Resources1 prove-up more base, precious and critical Indicated Inferred Total 1 All resources calculated using a 0.35% Tin cut-off minerals. 6.23Mt 1.24Mt 7.47Mt grade. This information was first disclosed under the JORC Code 2012 on 26 0.75% Sn | 0
Slide 13: ~115% increase to tungsten Inferred Mineral Resource Estimate
In February, we reported a ASX:ELT ~115% increase to our tungsten Inferred Mineral Resource Estimate. 8.49Mt (20,610Mt contained WO3) 13 3.97Mt (11,116Mt contained WO3) A tungsten Exploration Target was also published for the Foleys Zone ranging from 32Mt to 90Mt. The potential quantity and grade ar
Slide 14: Global tungsten prices are strong, European prices even stronger
Global tungsten prices are ASX:ELT CIF Rotterdam 88.5% APT price historical data strong, European tungsten US$/tonne prices are even stronger. US$350,000/t LME US$318,500/t 16 APR 2026 US$300,000/t US$250,000/t US$200,000/t 14 US$150,000/t US$100,000/t US$50,000/t A near-vertical rally in early 2026
Slide 15: Tungsten grades upgraded at Cleveland and metallurgical test work underway
Tungsten grades have been ASX:ELT substantially upgraded at Cleveland and metallurgical test work is underway. 15 Tungsten, rubidium, bismuth, molybdenum, and fluorspar samples have been dispatched to three specialist global metallurgical laboratories.
Slide 16: Results strengthen the Cleveland Mineral Resource base
These results have further strengthened ASX:ELT the Mineral Resource base for Cleveland and support our ongoing work toward a Scoping Study in 2026. 16
Slide 17: Elementos (ASX:ELT) corporate overview
Elementos (ASX:ELT) ASX:ELT corporate overview Share price Market capitalisation (undiluted) 2 Top-10 shareholders 22 April 20263 A$0.46 A$200M 27 Apr 2026 27 Apr 2026 52 week high $0.47, low $0.05 L1 Capital, 19.99% Shares on issue Cash2 Others, 31.65% 17 434.1M A$40m 27 Apr 2026 24 Apr 2026 Metals
Slide 18: Our team has delivered multibillion dollar mining and natural resource projects
Our team has delivered multibillion ASX:ELT dollar mining and natural resource projects around the world. 18 Andy Greig Joe David Calvin Treacy Corey Nolan Brett Smith Daniel Broughton Non-Exec Chairman Managing Director Non-Exec Director Non-Exec Director Non-Exec Director Non-Exec Director As Bech
Slide 19: Looking ahead, our priorities remain clear and focussed
Looking ahead, our priorities ASX:ELT remain clear and focussed. 01 02 19 We will continue to advance Oropesa through At Cleveland, we will continue building the the next permitting and financing milestones, technical and economic case around the tin, while closing the acquisition of the smelter and
Slide 20: Disclaimer
Disclaimer. ASX:ELT Competent Person Statements The information in this Presentation that relates to Mineral Resources for the Cleveland Project has been extracted from the Company’s ASX Announcement on 30 August 2024 “Cleveland tungsten mineralisation updated”. The information in this Presentation
Slide 21: APPENDIX-1 Oropesa Mineral Resource Estimate & Maiden Ore Reserve Tables
APPENDIX-1 ASX:ELT Oropesa Mineral Resource Estimate4 & Maiden Ore Reserve Tables10 OROPESA TIN PROJECT FEB-2023 MINERAL RESOURCE ESTIMATE4 OROPESA 2023 MINERAL RESOURCE ESTIMATE – ZINC 8 MRE Contained Tin Resource Contained Zinc MRE Resource Classification Sn% Resource Tonnes Contribution Resource
Slide 22: APPENDIX-2: Cleveland Mineral Resource Estimates & Exploration Target
APPENDIX-2: ASX:ELT Cleveland Mineral Resource Estimates 2 & Exploration Target 11 CLEVELAND TIN & COPPER PROJECT SEP-2018 MINERAL RESOURCE ESTIMATE CLEVELAND TUNGSTEN FEB-2026 MINERAL RESOURCE ESTIMATE Resource Sn% Resource Contained Cu (%) Contained Copper Resource Sn% Tonnes (Mt) Contained Tin Me
Slide 23: Cleveland Tin Project Exploration Target
Cleveland Tin Project ASX:ELT Exploration Target Competent Persons Statement Strike, Depth & Thickness • The information in this Presentation that relates to the Cleveland Exploration Target is based on, and • Strike: Interpreted from historic mine data, recent and historic diamond drilling, and geo
Slide 24: Connect with us
Elementos Ltd Level 7, 167 Eagle Street ASX:ELT ABN 76 075 103 221 Brisbane Queensland 4000 ASX:ELT Phone: +61 7 3212 6299 Connect with us. 24 Joe David Managing Director eNews jd@elementos.com.au Join the conversation Follow us Subscribe to our e-news: www.x.com/ElementosTin www.x.com/elementos- el