Elementos Limited · ASX:ELT
Elementos — Mines & Money London 2023
26 slides from Elementos's conference presentation, Nov 29, 2023
Slide 1: Tin for an Electric Tomorrow
TIN FOR AN ELECTRIC TOMORROW For personal use only Resourcing Tomorrow – Accelerating the Energy Transition Investor Presentation November 2023
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 mining-friendly jurisdictions. • One of only a handful of listed
Slide 4: 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? Others • Tin is a key electrical contact in electric vehicles advanced robotics renewable energy computers & IT energy storage electronic circuits (solder), printed circuit boards and se
Slide 5: Tin price holding firm during a soft 2023
Tin price holding firm during a soft 2023 Muted demand currently balanced out by weak supply For personal use only US$37.5k Fundamental supply tightness has resulted in the tin price trading in a ~US$25-30k/t price band. However, demand appears to be picking up with SHFE stockpiles dropping SHFE US$
Slide 6: Tin market experiencing supply issues
Tin market experiencing supply issues 3 Source: ITA (International Tin Association) December 2022 For personal use only Limited Security of Supply for Europe, Aus & USA Major producers struggling to maintain production levels Major global tin concentrate producers (2021)3 Tin-in-Concentrate to 2021
Slide 7: Production downtrend tipped to continue
Production downtrend tipped to continue. For personal use only Largest tin miner & refiner in the world What Yunnan Tin had to say • On February 15 2023, Yunnan Tin Company Limited predicted that due to Tin ore supply is factors such as declining grades, mining technology limitations, and rising lab
Slide 8: Tin market in deficit
Tin market in deficit Global tin stockpiles sit at around ~13.6kt with tin concentrate hard to secure For personal use only Global tin demand is forecast to increase 3-4%pa to service the technology revolution. • ~3%pa growth (vs. historic 1.8%pa) is forecast to cause tin metal deficits ~50-100ktpa
Slide 9: Oropesa Tin Project, Spain
Oropesa Tin Project, Spain Poised to be Europe’s first new significant 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
Slide 10: Optimisation Study (2022)
Optimisation Study (2022) 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 0.37% Sn [56.8kt Sn] Included Dilutio
Slide 11: Optimisation Study (2022) Summary
Optimisation Study (2022) Summary NPV = A$342m, 2.5yr payback For personal use only Life of mine Tonnage averages Annual ore mined Annual ore sorter feed Annual processing plant feed Annual tin concentrate (62%) Annual tin metal production 1,250,000t 1,250,000t 1,000,000t 5,400t 3,350t Annual waste
Slide 12: Optimisation Study Snapshot
Optimisation Study Snapshot C1, C2, C3 & All-In-Sustaining-Cost For personal use only Key Results Key Costs Outputs (AISC) Summary US$/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 13: 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 • 38% of 2023 MRE is classified as Measured Resources, increasing by 3.1Mt (+73%) • 100% of 2023 MRE tonnes locate
Slide 14: 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 15: 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 16: Project materially de-risked, DFS substantially completed
Project materially de-risked, DFS substantially completed For personal use only Elementos has confirmed all the key data for the project, with engineering of key elements 01 Mineral Resource defined - 95% Measure & Indicated categories markedly matured, significantly de-risking the 02 XRT Ore sortin
Slide 17: Modern and responsible mine design
Modern and responsible mine design For personal use only Elementos has designed a simple, compact and modern open-pit mining and processing operation design for efficiency and to minimise total project disturbance footprints and avoid sensitive habitats. 17
Slide 18: Oropesa has government support
Oropesa has government support For personal use only On 9 March 2022, the Junta de Andalucia Approvals Update (Andalucían Government) publicly On 20 June - MESPA received correspondence We are now confident following these meetings, announced high profile support for the from the local department co
Slide 19: Cleveland Tin Project
Cleveland Tin Project 19 Tasmania Tin & copper JORC Resources1 Indicated Inferred Total • Cleveland Tin Project (100%-owned) located in mineral rich north-west Tasmania. 6.23Mt 1.24Mt 7.47Mt Burnie 0.76% Sn | 0.28% Cu 0.75% Sn | 0.30% Cu For personal use only 0.75% Sn | 0.30% Cu 1 All resources calc
Slide 20: Cleveland Tin Project
Cleveland Tin Project Tin, Copper and Tungsten For personal use only Operational history: • 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: 23,519t of Sn a
Slide 21: Fluorite/Fluorspar potential confirmed within deposit
Cleveland Tin Project Fluorite/Fluorspar potential confirmed within deposit For personal use only • Fluorite (aka. Fluorspar) is listed as a critical mineral Recently announced13 significant fluorite by USA, Canada, Japan, China and the European (CaF2) results from this additional assay Union. data
Slide 22: 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 23: Corporate overview
Corporate overview For personal use only Share price Market capitalisation Shareholder distribution (September 2023) $A0.11c A$21.4m 24 Nov 2023 24 Nov 2023 52 week high $0.42, low $0.10 DIRECTORS, 14.6% JM FINANCIAL, 7.4% Shares on issue Cash 194.7m A$2.2m MCCUSKER HOLDINGS, 5.2% 30 Sept 2023 30 Se
Slide 24: Tin focussed with a critical portfolio
Tin focussed with a critical portfolio Tin, tungsten, zinc, copper, and fluorite are strategic and in demand For personal use only The minerals in our portfolio are rated “critical” by many major economies. • The international competition for critical minerals, including tin, tungsten, zinc, copper,
Slide 25: Disclaimer
Disclaimer Forward-looking statements Competent Person Statement For personal use only 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 26: 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