Slide 1: Cleveland Mine Redevelopment
elementos.com.au For personal use only Cleveland Mine Redevelopment An advanced Low Capex and Low Opex Tin, Copper and Tungsten Project in Tasmania, Australia April 2015
Slide 2: Disclaimer
DISCLAIMER elementos.com.au For personal use only Forward Looking Statements This presentation may contain certain forward looking statements. Such statements are only predictions, based on certain assumptions and involve known and unknown risks, uncertainties and other factors, many of which are be
Slide 3: Company Snapshot
COMPANY SNAPSHOT elementos.com.au For personal use only Capital Structure (April 2015) Shares on issue 767,479,642 Options on issue 17,850,000 Share price ASX A$0.01 Market Capitalisation A$7.67m Cash A$847k 52 week share price range (close): ASX A$0.004 – A$0.020 Top 20 Shareholders Key Contacts Na
Slide 4: Strategy: A Staged, Low Capex Redevelopment of the Cleveland Mine
STRATEGY elementos.com.au For personal use only A STAGED, LOW CAPEX REDEVELOPMENT OF THE CLEVELAND TIN, COPPER AND TUNGSTEN MINE Elementos will redevelop the Cleveland Mine in the following stages: • Stage 1 - Tailings Reprocessing • Stage 2 - Open Pit Mining • Stage 3 - Underground Mining The stage
Slide 5: Prime Location & Infrastructure
PRIME LOCATION & INFRASTRUCTURE elementos.com.au For personal use only 5
Slide 6: Prime Location & Infrastructure
PRIME LOCATION & INFRASTRUCTURE elementos.com.au For personal use only COMMUNICATIONS Excellent reception from Mt. Cleveland mobile phone tower in ‘line of sight’ of proposed processing plant location and underground portal. POWER Easily accessible 22kV & 110kV power lines are on site, with spare ca
Slide 7: Cleveland Geology
CLEVELAND GEOLOGY elementos.com.au For personal use only • Situated in a significant mineralised region • Mineralisation in two styles: § Tin and copper bearing semi-massive sulphide lenses (Rension Style) § Tungsten bearing porphyry and quartz stock-work • 2,020 DIAMOND DRILL HOLES providing 1,72
Slide 8: Cleveland Mineral Resources
CLEVELAND MINERAL RESOURCES elementos.com.au For personal use only Tailings Mineral Resources (at 0% Sn cut-off)1 Category Tonnage Tin Grade (% Sn) Copper Grade (% Cu) Indicated 3,850,000 0.3 0.13 Total 3,850,000 0.3 0.13 Open Pit Tin and Copper Mineral Resources (at 0.35% Sn cut-off)2 Category Tonn
Slide 9: Stage - Tailings Reprocessing
STAGE 1 - TAILINGS REPROCESSING elementos.com.au For personal use only • Recent metallurgical testwork has indicated the following: ~50% SN GRADE @ ~47% RECOVERY ~18% CU GRADE @ ~31% RECOVERY • Reclamation rate of 650,000 per annum • Production of ~900T RECOVERED TIN AND ~265T RECOVERED COPPER PER A
Slide 10: Stage - Low Strip Ratio Open Pit
STAGE 2 – LOW STRIP RATIO OPEN PIT elementos.com.au For personal use only >700m strike & outcropping 10
Slide 11: Stage - Utilises Stage Capex
STAGE 2 – UTILISES STAGE 1 CAPEX elementos.com.au For personal use only Open Pit 11
Slide 12: Stage - Underground Redevelopment
STAGE 3 - UNDERGROUND REDEVELOPMENT elementos.com.au For personal use only • ABERFOYLE MINED 5.7M TONNES between 1968 and 1986 (~18yrs) with modern mining methods for ~24,000 tonnes of tin and 10,000 tonnes of copper in concentrate • Previous mining confirmed excellent mining conditions • ELEMENTOS
Slide 13: Stage - Low Capex Underground
STAGE 3 – LOW CAPEX UNDERGROUND elementos.com.au For personal use only The underground is low capex because: • It has significant drilling with defined Mineral Resources • Utilises the existing underground decline and drives for access • Benefits from capital invested in previous stages (e.g. proces
Slide 14: Redevelopment Timeline
REDEVELOPMENT TIMELINE elementos.com.au For personal use only 14
Slide 15: Cleveland Mine Redevelopment: Key Takeaway
CLEVELAND MINE REDEVELOPMENT elementos.com.au For personal use only KEY TAKEAWAY: THE LOW CAPEX, STAGED DEVELOPMENT STRATEGY, MINIMISES UP FRONT CAPITAL Low Opex Tailings start up þ Established port & transport route þ Near term production þ Experienced management þ Low risk mining jurisdiction
Slide 16: Contact
elementos.com.au For personal use only Level 8 - 26 Wharf Street Brisbane, QLD, Australia +617 3221 7770 ASX: ELT For further enquiries please contact: Calvin Treacy – Managing Director Tim McManus – Chief Operating Officer email: admin@elementos.com.au www.elementos.com.au 16