Elementos Limited · ASX:ELT

Elementos — Investor Presentation (April 2012)

34 slides from Elementos's investor presentation, Apr 16, 2012

1. Slide 1: Investor Presentation April 2012

   elementos.com.au For personal use only APRIL 2012 ASX Code: ELT Investor Presentation Exploring in the shadow of giants

2. Slide 2: Three Major Copper-Gold Provinces

   Three Major Copper-Gold Provinces elementos.com.au More than 1,000km² of exploration acreage For personal use only Australia – Mt Isa Inlier MILLENIUM (100%)– 248km² SELWYN SOUTH (100%) –109km² Chile – Regions II and IV MERCEDES (option for 90%) - 298km² TAMAYA (Earn-in for 50%) – 69km² Brisbane (he

3. Slide 3: Chile: Premier exploration investment destination

   Chile elementos.com.au Premier exploration investment destination For personal use only Excellent infrastructure Politically stable Pro-mining jurisdiction Attractive tax and royalty regime ~ 35% of world copper production 3

4. Slide 4: Mercedes

   Mercedes elementos.com.au ~20% of world copper production from this district For personal use only Three of the world’s largest copper mines 4

5. Slide 5: Mercedes

   Mercedes elementos.com.au Close to exploration and mining infrastructure For personal use only 8,589 ha mining leases and applications 21,200 ha exploration leases and applications 5

6. Slide 6: Mercedes: Mecha prospect mineralisation

   Mercedes elementos.com.au Mecha prospect mineralisation For personal use only Artisanal mining of copper oxides exposed by erosion of the ignimbrite cap Styles of mineralisation 1. Structurally-hosted 2. Breccia 3. Manto-style 6

7. Slide 7: Mercedes: Elvira porphyry prospect

   Mercedes elementos.com.au Elvira porphyry prospect For personal use only Pink soil = porphyry bodies Cuprite, bornite and chalcopyrite Upper part of porphyry in contact with the volcanics above Porphyry hosted mineralisation - selective sample assayed 1.59% Cu & 0.6g/t Au 7

8. Slide 8: Early results highlight high-grade copper potential

   Mercedes elementos.com.au Early results highlight high-grade copper potential For personal use only 8

9. Slide 9: Aero-magnetometry 3D interpretation

   Mercedes elementos.com.au Aero-magnetometry 3D interpretation For personal use only Marcelita Elvira Mecha oxide structures 9

10. Slide 10: Mercedes: Progressive exploration activities

    Mercedes elementos.com.au Progressive exploration activities For personal use only Sampling Geophysics Drilling Resources  Mapping  Aero-mag  Approvals  Metallurgy  Sampling  IP  Drilling  Geotechnical  Trenching  CSAMT  Resource  Environmental  Alteration  Define targets  Reserve  S

11. Slide 11: Tamaya: Re-emerging historical mining district

    Tamaya elementos.com.au Re-emerging historical mining district For personal use only 11

12. Slide 12: Large tenement package close to infrastructure

    Tamaya elementos.com.au Large tenement package close to infrastructure For personal use only 12

13. Slide 13: Tamaya historical production

    Tamaya elementos.com.au Historical production reportedly 2Mt @ 12% copper For personal use only Historic tailings dam and plant site Mineralised waste Main exploration from old workings target – 4 kms Extensive existing road network 13

14. Slide 14: Historical waste = potentially economic today

    Tamaya elementos.com.au Historical waste = potentially economic today For personal use only Waste dump samples assayed between 1.8 - 3.8% Cu Rhyolite sample assayed 1.4% Cu and quartz veins in dumps 1.2-3.8% Cu Tailings dam assay 0.57% Cu 14

15. Slide 15: Main high-grade copper vein system

    Tamaya elementos.com.au Main high-grade copper vein system For personal use only Main six metre width vein system – Two metre altered and mineralised steeply dipping to the west wall rock (either side of vein) 15

16. Slide 16: Three mineralisation styles identified on the surface

    Tamaya elementos.com.au Three mineralisation styles identified on the surface For personal use only Manto (bulk tonnage potential) – sample assayed 1.4% copper Hydrothermal Main high-grade breccia vein structure 16

17. Slide 17: Geophysics highlights main structures

    Tamaya elementos.com.au Geophysics highlights main structures For personal use only Main high-grade copper vein Sub-parallel and cross-cutting structures 17

18. Slide 18: Geophysics highlights large anomaly at depth

    Tamaya elementos.com.au Geophysics highlights large anomaly at depth – porphyry? For personal use only Mainhigh-grade Main high-gradecopper coppervein vein Major anomaly at depth 18

19. Slide 19: Tamaya: Progressive exploration activities

    Tamaya elementos.com.au Progressive exploration activities For personal use only Sampling Geophysics Drilling Resources  Mapping  Ground-mag  Approvals  Metallurgy  Sampling  IP  Drilling  Geotechnical  Trenching  Define targets  Resource  Environmental  Reserve  Scoping study 19

20. Slide 20: San Juan - Argentina

    San Juan - Argentina elementos.com.au World-class copper-gold province For personal use only 20

21. Slide 21: Manantiales: Emerging epithermal gold district

    Manantiales elementos.com.au Emerging epithermal gold district For personal use only # Troy Resources Ltd October 2011 NI 43-101. Note: These resources are not assets of the company and their proximity to the company’s projects should in no way be taken as indicative that the Company will be able to

22. Slide 22: 7,500m of drilling completed and new holes in progress

    Manantiales elementos.com.au 7,500m of drilling completed and new holes in progress For personal use only Manantial vein 22

23. Slide 23: Discovering a large mineral system

    Manantiales elementos.com.au Discovering a large mineral system For personal use only 23

24. Slide 24: Generalised longitudinal section, comparing to Casposo

    Manantiales elementos.com.au Generalised longitudinal section, comparing to Casposo For personal use only Manantiales Project High-level in the epithermal system Casposo Mine³  High gold and low silver Mid-level in the epithermal system  High gold and high silver 500 metres Grade x apparent width

25. Slide 25: Manantial Este vein system remains undrilled

    Manantiales elementos.com.au Manantial Este vein system remains undrilled For personal use only Manantial Manantial Este • IP geophysics • IP geophysics resistivity low resistivity low • 1.4 kilometres • 1.8 kilometres long long • Drilling • Future drill target underway 25

26. Slide 26: Manantiales: Progressive exploration activities

    Manantiales elementos.com.au Progressive exploration activities For personal use only Sampling Geophysics Drilling Resources  Mapping  Ground-mag  Approvals  Metallurgy  Sampling  IP  Drilling  Geotechnical  Trenching  Define targets  Resource  Environmental  Reserve  Scoping study 26

27. Slide 27: Santo Domingo: Two styles of mineralisation

    Santo Domingo elementos.com.au Two styles of mineralisation – porphyry and shear hosted For personal use only 27

28. Slide 28: Divisoria porphyry depth potential highlighted by geophysics

    Santo Domingo elementos.com.au Divisoria porphyry depth potential highlighted by geophysics For personal use only Chargeability High 3D IP Anomaly PDIP plan-section (150 metre cut) N 200 metres ~300m depth Open to depth N NW SE Resistivity Moderate ~700m depth Gold-copper 1,000 metres surface zone 2

29. Slide 29: Mt Isa Minerals Province: Major base metal mines

    Mt Isa Minerals Province elementos.com.au Major base metal mines and deposits For personal use only 29

30. Slide 30: Land positions on mineralised trends near major deposits

    Mt Isa Minerals Province elementos.com.au Land positions on mineralised trends near major deposits For personal use only 30

31. Slide 31: Corporate: Capitalisation and ownership

    Corporate elementos.com.au Capitalisation and ownership For personal use only  82.4M shares  Market cap $13M  9.7M unlisted options  Cash $4M  Shareholders:  Enterprise value $9M  Directors - 20%  Top 20 - 49% 31

32. Slide 32: The Team

    The Team elementos.com.au Significant South American experience For personal use only Corey Nolan Anthony McLellan Mark McCauley James Calaway Managing Director Chairman Director Director Andean geological expertise and experience Alistair Grahame Gustavo Delendatti Andrew Shaw Neil Stuart Explorati

33. Slide 33: Summary

    Summary elementos.com.au For personal use only • Exploring in some of the world’s major metal provinces • Experienced team in place • High leverage to exploration success 33

34. Slide 34: Contacts and Disclaimer

    Contacts and Disclaimer elementos.com.au Elementos Limited For personal use only ACN 138 468 756 Level 8, 26 Wharf Street tel: +617 3221 7770 Brisbane, Queensland, Australia fax: +617 3221 7773 www.elementos.com.au For enquiries regarding this presentation please contact: Corey Nolan – Managing Dire

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