Elementos Limited · ASX:ELT
Elementos — Shareholder Meeting (November 2022)
28 slides from Elementos's shareholder meeting presentation, Nov 15, 2022
Slide 1: Tin for an Electric Tomorrow
TIN FOR AN ELECTRIC TOMORROW For personal use only Investor Presentation ELT AGM - November 2022
Slide 2: Cautionary statement
Cautionary statement 2 For personal use only The Optimisation Study (Study) referred to in this announcement has been undertaken for the purpose of assessing the technical and economic This release contains a series of forward-looking statements. The words “expect”, “potential”, “intend”, “estimate”
Slide 3: Tin is the metal most impacted by electrification and new green technologies
Tin is the metal most impacted by electrification and new green technologies. 3 For personal use only electric vehicles advanced robotics renewable energy computers & IT energy storage Others Did you know? Tin • Tin is a key electrical contact in Lithium electronic circuits (solder) printed Cobalt c
Slide 4: Tin price strength in 2021, weakness so far in 2022
Tin price strength in 2021, weakness so far in 2022. Fundaments appear to be returning to an extremely tight market. 4 For personal use only US$55k • LME tin spot prices briefly breached US$50k/t before Chinese COVID SHFE US$25,592/t lockdowns and global recession fears 11 OCT 2022 have pulled it ba
Slide 5: Tin market in deficit
Tin market in deficit Global tin stockpiles remain close to record lows 5 For personal use only Visible Global Tin Stockpiles1 • Tin market appears to be in 4th consecutive year of deficit 16Kt o Approximately 6,100 tonnes drawdown in London Metals Exchange (LME) 2021 Shanghai Futures Exchange • 202
Slide 6: Current tin market supply
Current tin market supply Established global tin producers struggling Existing Producers Stalling 6 to maintain current production Tin-in-Concentrate ‘000 tonnes1 For personal use only China Other Asia Indonesia Africa South America Rest of World Myanmar Major Global Tin Producers1 350 35% 300 30% 2
Slide 7: Technology and green infrastructure is driving tin demand growth
Technology and green infrastructure is driving tin demand growth 7 For personal use only • The technology and green infrastructure solutions are driving global tin • Solar use of tin - solar Ribbon, junction boxes, PV electronics demand is (growth rates forecast between 3-7%pa) 1. • EV use of tin -
Slide 8: Tin market in deficit
Tin market in deficit Global tin stockpiles remain close to record lows 8 For personal use only Refined tin forecast1 Forecast tin deficit1 • Global tin demand is forecast to increase 3-4% to service the technology revolution. 550Kt 0 • 3-4%pa growth (vs. historic 1.8%pa) is forecast to cause tin me
Slide 9: Environmental, Social and Governance (ESG)
Environmental, Social and Governance (ESG) 9 For personal use only Decisions to report on the Tin Code whilst still The Tin Code reflects leading ESG standards, including; a project developer • ISO (14001, 9001, 45001, 37001) • Established a plan with the International Tin • OECD Guidance for respon
Slide 10: Environmental, Social and Governance (ESG)
Environmental, Social and Governance (ESG) 10 For personal use only Elementos has additionally: 1 Established an ESG sub-committee of the Board of Directors. 3 Improved long-term relationships with the community and committed to the economic development of the mine via our application for the Oropes
Slide 11: Oropesa secures government support
Oropesa secures government support Key points 11 For personal use only ✓ Andalucían Government assigns Oropesa to its Project Accelerator Unit to accelerate the effective start-up and execution of Oropesa On 9 March 2022, the Junta de Andalucia (Andalucían Government) ✓ The Project Accelerator Unit
Slide 12: Key project approvals submission
Key project approvals submission Key documents, approvals sought and key departments 12 For personal use only Mining • 6 April 2022 ELT subsidiary Minas de Licence Estaño de España (MESPA) submits Exploitation Solicitude Project key approval documents to the Junta de Andalucía Mining Department • Su
Slide 13: Mineral Resource Estimate update
Mineral Resource Estimate update Increased by 50% in November 2021 13 88% now classified as Measured & Indicated 1use only the JORC Code 2012 on 31 July 2018 grade. This information was first disclosed under 1 All resources calculated using a 0.15% Tin cut-off Measured & Indicated Shallow Resource T
Slide 14: Oropesa remains prospective for additional tin & zinc mineralisation
Oropesa remains prospective for additional tin & zinc mineralisation 14 For personal use only Geotechnical drilling results1 indicate possible extensions • Drilling intersects tin, zinc and copper mineralisation in geotechnical diamond drilling • Results confirm continuity of tin mineralisation outs
Slide 15: Optimisation Study results
Optimisation Study results 2021 JORC Resources $45K/t outline 15 18.86Mt For personal use only 0.40% Sn [75.4kt Sn] US$30,000/t Out of pit Bird 82% of 2021 Mineral Pit Shell habitat dump Resources included in area 82% Production Target conversion (Using US$30k/t pit shell) Mined over 13 years High d
Slide 16: Oropesa mine metrics
Oropesa mine metrics Total tin metal production 38,550t 16 For personal use only Life of mine Tonnage averages Annual ore mined Annual ore sorter feed Annual processing Annual tin concentrate Annual tin metal production plant feed (62%) 1,250,000t 1,250,000t 1,000,000t 5,400t 3,350t Annual waste min
Slide 17: Life of mine: Mining and rehabilitation animation
Life of mine Mining and rehabilitation animation 17 For personal use only ✓ 1.5 years construction ✓ 13 years mining operations ✓ Full rehabilitation scheduled ✓ Basis of DFS ✓ Basis of mining licence and environmental approvals Video Link
Slide 18: Feasibility Development Programs
Feasibility Development Programs 18 For personal use only Elementos has completed many 01 Pilot scale metallurgical test work feasibility development programs to 02 Geotechnical works program provide critical input data to its Oropesa Definitive Feasibility Study. 03 Hydrogeological (groundwater) wo
Slide 19: DFS metallurgical test work successfully completed
DFS metallurgical test work successfully completed 19 For personal use only • Pilot-scale metallurgical test work confirms conventional and Pilot Plant Metallurgical Upgrade Results modern tin flowsheet for Oropesa Project, producing high- grade commercial tin concentrate Plant Concentrate Tin Plant
Slide 20: Mineral Processing Plant Contract Awarded to Duro Felguera
Mineral Processing Plant Contract Awarded to Duro Felguera (DF) 20 For personal use only On 20 September 2022: Elementos has awarded Duro Felguera an Early Contractor Involvement (ECI) contract to Spanish Engineering, Procurement and Construction (EPC) contractor Duro Felguera to develop Oropesa Tin
Slide 21: Oropesa project timeline
Oropesa project timeline1 Definitive Feasibility Study commenced 21 For personal use only 2H 2021 1H 2022 2H 2022 1H 2023 2H 2023 Updated Mineral Resource Estimate Completion of resource drilling, modelling and estimation Optimisation Study Finalise the Basis of Design for DFS Confirm throughput of
Slide 22: Cleveland Tin Project, Tasmania
Cleveland Tin Project Tasmania 22 For personal use only • Cleveland Tin Project (100%-owned) located in Burnie mineral rich north-west Tasmania. • Operated as an underground mine by Aberfoyle Resources from 1968 to 1986. Cleveland Mine Kara (W, Fe) Tin & copper JORC resources1 Mt Bischoff (Sn) Indic
Slide 23: Historic Cleveland Underground Workings
Historic Cleveland Underground Workings Cleveland Tin Project Tin / Copper Resource Tin, Copper and Tungsten 23 For personal use only • Exploration Lease surrounded by existing critical infrastructure. • A Strategic Review has commenced to reassess the techno- economic possibilities of restarting th
Slide 24: Cleveland Tin Project: Tungsten potential further identified in hole C2119
Cleveland Tin Project Tungsten potential further identified in hole C2119 24 For personal use only • Extended deeper beyond the Battery Lode (tin- copper) to test for potential extensions to the Foley’s Zone of tungsten Mineral Resource and Exploration Target. • A significant zone of visible wolfram
Slide 25: Corporate overview
Corporate overview 25 For personal use only Share price Market capitalisation Shareholder distribution $A0.28c A$50m Directors & 10 Nov 2022 10 Nov 2022 Management 52 week high $0.955, low $0.25 12% JM Financial 6% Shares on issue Cash McCusker Holdings 178.13m A$5.5m 6% 12 Sep 2022 30 September 202
Slide 26: Strong Leadership
Strong Leadership Our team has extensive experience in the mining and resources sector, 26 including project acquisition, development and construction For personal use only Andy Greig Joe David Brett Smith Calvin Treacy Corey Nolan Non-Exec Chairman Managing Director Non-Exec Director Non-Exec Direc
Slide 27: Disclaimer
Disclaimer 27 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 The information in the report to which this statement is attached that relates to mining and the Prod
Slide 28: Get in touch
Get in touch For personal use only Joe David 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