Elementos Limited · ASX:ELT
Elementos — RIU Sydney Resources Round-up 2021
25 slides from Elementos's conference presentation, May 5, 2021
Slide 1: Tin for an Electric Tomorrow
ASX:ELT For personal use only TIN FOR AN ELECTRIC TOMORROW Investor Presentation RIU Sydney Resources Round-up| May 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 Source: Rio Tinto | MIT For personal use only ASX:ELT 50 per cent of tin’s demand is replacing lead in solder for connecting electronic elementos.com.au circuits. 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 29 April 2021 back of declining stockpiles and US$31,750 strong industrial demand particularly for semi-conductors and electronics. • “Supply is simply struggling to keep up with deman
Slide 6: New tin production required
New tin production required For personal use only • Global tin demand is steadily increasing as it services the technology revolution. • Electronics, communications, IT, renewable energy, and electric vehicles all need more tin. • Very few low risk Environmental, Social, Governance (ESG) projects in
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: Five value catalysts
Five value catalysts 05 For personal use only Unlock value from the 04 Cleveland Tin Project in Tasmania. Declare maiden Ore 03 Reserve at Oropesa. Oropesa Definitive 02 Feasibility Study, offtake and financing. ASX:ELT Finalise Oropesa 01 environmental and permitting activities. elementos.com.au Or
Slide 9: Oropesa Tin Project
Oropesa Tin Project For personal use only • Project acquired in 2019 (100%) with more than US$26 million historically invested in project development. • Planned open-cut mining operation and conventional processing facility producing tin concentrates to be shipped to smelters in Europe and Asia. • S
Slide 10: 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 • May 2020 Economic Study Production Target derived from 2018 JORC Mineral 0.33 Mt 9.01 Mt 9.34 Mt Resource. 1.09% Sn 0.53% Sn 0.55% Sn • Res
Slide 11: 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: 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 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$228.5m -14.4 elementos.com.a
Slide 13: Potential to be bottom quartile cash cost
Oropesa Tin Project For personal use only • Oropesa cash cost compares favourably Potential to be bottom quartile cash cost against other tin developments around the world. Cash cost (US$/tonne of tin) • Resource optimisation 40,000 and drilling program has potential to improve project economics. 30
Slide 14: Drilling and optimisation
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 2020 to the project’s economics. Three key areas of optimisation potential include: increase Orop
Slide 15: Exploration drilling program on track
Oropesa Tin Project For personal use only Exploration drilling program on track Drilling update: to deliver on its stated goals 32 holes completed 1 currently underway 15 remaining Shallow mineralisation target ASX:ELT elementos.com.au 15
Slide 16: 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: Drilling: Hole 47A
Oropesa Tin Project For personal use only Drilling : Hole 47A Targeted on confirming shallow mineralisation identified from a non- current 2014 mineral resource estimate and continuation of the mineralisation within the current Inferred Resource estimate (shown by the arrows). ASX:ELT elementos.com.
Slide 18: Cleveland Tin Project
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 19: Cleveland Tin Project
Cleveland Tin Project For personal use only Exploration activities at the • Initial reconnaissance geological confirmation mapping and rock chip sampling in February has confirmed the prospectivity of the untested anomalies which were first Cleveland Project resumed in identified by a Self-Potential
Slide 20: Cleveland Tin Project
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 20
Slide 21: Strong Board
Strong Board For personal use only Andy Greig Chris Dunks Corey Nolan Calvin Treacy Brett Smith Non-Exec Chairman Executive Director Non-Exec Director Non-Exec Director Non-Exec Director ASX:ELT Andy has 35 years of experience in the Currently the Managing Director of Corey is an accomplished public
Slide 22: Why invest?
Why invest? For personal use only 01 03 May 2020 Updated Economic Study shows very Strategy to become a significant global tin producer strong investment case for the Oropesa Tin Project. within five years. Tin price forecasts show strong commodity pricing for the foreseeable future – underpinning a
Slide 23: Corporate overview
Corporate overview Mark Wellings (Eurotin) 10.1% For personal use only Share price Market capitalisation Directors & $A0.016 $61.6m Management 12.5% 28 April 2021 close 52 week high 0.020c, low $0.010c Keo Projects Shares on issue Cash 2.7% 3,850m $7.56m TR ASX:ELT 27 April 2021 Based on 31 March 20
Slide 24: Disclaimer
Disclaimer For personal use only Forward-looking statements *7 – “Oropesa Tin Project –Drilling Progress Report” released on 8th February 2021 This document may contain certain forward-looking statements. Such statements are only predictions, based *8 – “Cleveland Tin Project –Exploration Re-Commenc
Slide 25: Get in touch
Get in touch For personal use only Joe David Elementos Limited Level 6, 10 Market Street Chief Executive Officer Brisbane Queensland 4000 0419 187 430 Phone: +61 7 3212 6299 jd@elementos.com.au elementos.com.au