Slide 1: Noosa Mining Conference: Tin for an Electric Tomorrow
Noosa Mining Conference TIN FOR AN ELECTRIC TOMORROW For personal use only Investor Presentation July 2022
Slide 2: Cautionary statement
Cautionary statement 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” a
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. 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 cir
Slide 4: Tin price strength over past five years, fundamentally based on tight market
Tin price strength over past five years, fundamentally based on tight market. For personal use only LME Cash Tin Price US$/tonne1 US$25,300/t 15 July 2022 $50K • LME tin spot prices briefly breached US$50k/t before global recession fears have pulled it back to US$25.3k/t. $40K • Shanghai Metals mark
Slide 5: Tin market in deficit
Tin market in deficit Global tin stockpiles remain close to record lows 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 • 2021
Slide 6: Current tin market supply
Current tin market supply Established global tin producers struggling Existing Producers Stalling 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% 250
Slide 7: Tin market in deficit: refined tin forecast
Tin market in deficit Global tin stockpiles remain close to record lows 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 -10kt cause ti
Slide 8: Technology and green infrastructure is driving tin demand growth
Technology and green infrastructure is driving tin demand growth 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 - po
Slide 9: Oropesa Tin Project, Spain
Oropesa Tin Project, Spain DFS underway to deliver Europe’s first new significant tin mine by 2025. For personal use only SPAIN • Open-cut mining operation producing tin concentrates for smelters in Europe, North America or Asia. Oropesa Tin Project • Strong local, state and national support. • Anda
Slide 10: Oropesa secures government support
Oropesa secures government support Key points 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 wil
Slide 11: Mineral Resource Estimate update
Mineral Resource Estimate update Increased by 50% in November 2021 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 Tota
Slide 12: Optimisation Study results
Optimisation Study results 2021 JORC Resources $45K/t outline 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 dens
Slide 13: Oropesa mine metrics
Oropesa mine metrics Total tin metal production 38,550t 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 mined
Slide 14: Life of mine: mining and rehabilitation animation
Life of mine Mining and rehabilitation animation 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 14 14
Slide 15: Key project approvals submission
Key project approvals submission Key documents, approvals sought and key departments 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 • Submi
Slide 16: Feasibility Development Programs
Feasibility Development Programs For personal use only Elementos is progressing 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) work
Slide 17: Oropesa remains prospective for additional mineralisation
Oropesa remains prospective for additional mineralisation For personal use only Recent geotechnical drilling results1 • Drilling intersects tin, zinc and copper mineralisation in geotechnical diamond drilling • Results confirm continuity of tin mineralisation outside Mineral Resource area and potent
Slide 18: Oropesa Definitive Feasibility Study (DFS) commenced
Oropesa Definitive Feasibility Study (DFS) commenced For personal use only Key Project Timeline 2H 2021 1H 2022 2H 2022 1H 2023 2H 2023 Nov Updated Mineral Resource Estimate 2021 Completion of resource drilling, modelling and estimation March Optimisation Study 2022 Finalise the Basis of Design for
Slide 19: Cleveland Tin Project, Tasmania
Cleveland Tin Project, Tasmania • Cleveland Tin Project (100%-owned) located in For personal use only mineral rich north-west Tasmania. Burnie • Operated as an underground mine by Aberfoyle Resources from 1968 to 1986. Cleveland Mine Tin & copper JORC resources1 Kara (W, Fe) Indicated Inferred Total
Slide 20: Historic Cleveland Underground Workings
Historic Cleveland Underground Workings Cleveland Tin Project Tin / Copper Resource Tin, Copper and Tungsten For personal use only • Exploration Lease surrounded by existing critical infrastructure. • A Strategic Review has commenced to reassess the techno- economic possibilities of restarting the o
Slide 21: Cleveland Tin Project: Drilling completed, awaiting assays
Cleveland Tin Project Drilling completed, awaiting assays For personal use only • Five-hole diamond drill (1,350m) program underway at Cleveland to test for tin and copper mineralisation along strike and to the northeast of the historical tin mine • 2020 rock chip samples collected at surface contai
Slide 22: Cleveland Tin Project: Tungsten potential in hole C2119
Cleveland Tin Project Tungsten potential further identified in hole C2119 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 wolframite
Slide 23: Corporate overview
Corporate overview For personal use only Share price Market capitalisation Shareholder distribution $A0.45c A$79.7m 21 July 2022 21 July 2022 52 week high $0.955, low $0.35 OC Funds 1% Shares on issue Cash Lions Bay Capital 1% A$7.0m Cannacord Genuity Group 177.1m (Toronto) 2% Keo Projects 2% 15 Jun
Slide 24: Strong Leadership
Strong Leadership Our team has extensive experience in the mining and resources sector, 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 Director
Slide 25: Disclaimer
Disclaimer For personal use only Forward-looking statements Competent Person Statement The information in the report to which this statement is attached that relates to mining and the Production Target This document may contain certain forward-looking statements. Such statements are only predictions
Slide 26: 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