Elementos Limited · ASX:ELT
Elementos — MINEX Europe 2026
35 slides from Elementos's conference presentation, Oct 28, 2026
Slide 1: MINEX Europe 2026
rsonal use only Joe David MINEX Europe 2026 October 2026 ASX:ELT Managing Director elementos.com.au
Slide 2: Cautionary Statement
ELEMENTOS ASX: ELT June 2026 2 Cautionary Statement. rsonal use only This Presentation provides general background information about Elementos Limited’s (“Company’s”) activities. That information is current at This Presentation contains a series of forward-looking statements and forecast financial i
Slide 3: Two mature tin projects primed for development
ELEMENTOS Overview Oropesa Cleveland Invest ASX: ELT July 2026 3 Elementos (ELT:ASX) has two mature tin projects primed for development. rsonal use only Oropesa Project Cleveland Project Andalucia, Spain Tasmania, Australia Strategic role Strategic role The EU mine-to-metal supply anchor. Global mul
Slide 4: Countries where portfolio minerals are critical or strategic
ELEMENTOS ASX: ELT July 2026 4 Countries where Elementos’ portfolio minerals China are listed as Critical or Strategic. Tin Copper Zinc South Korea Tungsten Tin rsonal use only Molybdenum Copper Bismuth Zinc EU Fluorite Tungsten Copper Rubidium Molybdenum Tungsten Bismuth Bismuth Canada Tin Japan Co
Slide 5: Mine production is falling in the largest global producers
ELEMENTOS ASX: ELT June 2026 5 More AI. More data. More Mine production is falling in the largest global producers energy. More tin. (kt of tin production) 140 rsonal use only “Global average ore grades have • Tin, as electrical solder, is the foundational “glue” of modern tech. 120 fallen nearly 18
Slide 6: AI and data centre growth will increase tin demand
ELEMENTOS Overview Oropesa Cleveland Invest ASX: ELT June 2026 6 AI and data centre growth will significantly increase tin demand. Tin solder acts is the physical "glue" connecting semiconductors, rsonal use only circuit boards, and hardware components inside AI data centres. Tin required for each g
Slide 7: Tin prices have surged above $50,000/t
ELEMENTOS Overview Oropesa Cleveland Invest ASX: ELT June 2026 7 Tin prices have surged and LME & SHFE cash/spot tin prices holding close to highs settled above $50,000/t as Tin metal price US$/t LME US$53,050/t global supply constraints US$60.0k 08 OCT 2026 rsonal use only and accelerating tech US$
Slide 8: Only tin mine in development within the European Union
ELEMENTOS Overview Oropesa Cleveland Invest ASX: ELT July 2026 8 The Oropesa Project is the only tin mine in development within the European Union. And one of the few vertically integrated rsonal use only ‘mine-to-metal’ tin platforms globally. Oropesa Mine Fuente Obejuna, Spain Andalucia, Spain + R
Slide 9: Oropesa positioned to service Europe's advanced manufacturing
ELEMENTOS Overview Oropesa Cleveland Invest ASX: ELT June 2026 9 The Oropesa Project is positioned to service Europe’s advanced rsonal use only manufacturing sector. • Mining and refining tin metal from within the EU, achieves major EU targets (part of CRMA legislation) of mining and refining 10% of
Slide 10: Elementos has secured critical parts of the EU tin supply chain
ELEMENTOS ASX: ELT July 2026 10 Elementos has secured critical parts of the EU tin supply chain rsonal use only TIN INGOTS Source: ITA Presentation TIN101 Making the Future, ^Call option (binding, unconditional)
Slide 11: Strong government support and approvals progression
ELEMENTOS Overview Oropesa Cleveland Invest ASX: ELT June 2026 11 Oropesa Project has strong government support, recent approvals progression and critical rsonal use only mineral tailwinds. • Regional Government of Andalucia declares Overriding Public Interest (June-2026) over project clearing regul
Slide 12: Oropesa is achieving regulatory momentum in Andalucia
ELEMENTOS Overview Oropesa Cleveland Invest ASX: ELT June 2026 12 Oropesa is achieving regulatory momentum in Andalucia. rsonal use only Inclusion in PNEM Infrastructure Approvals (2025 – 2030) (July-26) March 2026: Tin named a July 2026: Provincial Council of Priority Raw Material by the Cordoba fo
Slide 13: Oropesa is a development-ready project
ELEMENTOS Overview Oropesa Cleveland Invest ASX: ELT June 2026 13 Oropesa is not just an exploration concept, it’s a development-ready project. rsonal use only • Definitive Feasibility Study completed with engineering, mine planning and financial outcomes defined • Project significantly de-risked wi
Slide 14: DFS capital costs estimated at €149M
ELEMENTOS ASX: ELT June 2026 14 DFS capital costs estimated at DFS capital cost estimate EUR€ US$ A$ €149M (inc.10.4% contingency). Mining (inc Pre-Strip) 18.3 19.2 31.8 rsonal use only The Capital Cost Estimate has been developed Process Plant 45.2 47.5 78.6 through mature design, clear scopes, dis
Slide 15: Engineered for high-quality tin concentrate production
ELEMENTOS Overview Oropesa Cleveland Invest ASX: ELT June 2026 15 Oropesa is engineered for high-quality (+60% Sn) tin concentrate production with minimised impact. rsonal use only • All infrastructure is confined within the Exploitation Licence boundary, engineered for maximum operational efficienc
Slide 16: Masterplan 3D modelling
ELEMENTOS Overview Oropesa Cleveland Invest ASX: ELT June 2026 16 Masterplan 3D modelling ensures efficient design and interaction of major and minor design packages. rsonal use only 3D-Modelled areas: Open Pit, waste dumps, haul roads, ROM pad, civil pads, crushing, screening and material handling
Slide 17: Highest environmental benchmarks in construction and rehabilitation
ELEMENTOS ASX: ELT June 2026 17 Oropesa will observe the highest environmental benchmarks in construction, rsonal use only operations and rehabilitation. ✓ Compact pit and dump designs to minimise disturbance and impacts. ✓ Use of pre-strip waste to build infrastructure (tailings dam, civil pads). ✓
Slide 18: Oropesa has exceptional project economics
ELEMENTOS Overview Oropesa Cleveland Invest ASX: ELT June 2026 18 Oropesa has exceptional project economics. rsonal use only *Refer ASX Release dated 4 April 2025 Oropesa Tin Project: Definitive Feasibility At current tin price Oropesa is a robust financial project Study (DFS) Results and Maiden Ore
Slide 19: Further mineralisation expansion opportunities
ELEMENTOS Overview Oropesa Cleveland Invest ASX: ELT June 2026 19 Oropesa has further mineralisation expansion opportunities. rsonal use only Oropesa Tin Extensions (NW & SE) Along-strike Tin Opportunities (Tenements ELT has been nominated Mineralised extensions possible in NW rights) and SE of Mine
Slide 20: Near mine soil-sampling targets
ELEMENTOS ASX: ELT June 2026 20 Oropesa has a number of near mine soil-sampling targets rsonal use only highly indicative of further mineralisation. Oropesa ‘La Grana’ Tin Target (North) La Grana hill (100m to North) has potential to host high-grade resources of cassiterite mineralisation within int
Slide 21: Cleveland Tin Mine multi-commodity optionality in Tasmania
ELEMENTOS Overview Oropesa Cleveland Invest ASX: ELT July 2026 21 The Cleveland Tin Mine offers advanced multi-commodity optionality in mineral rich rsonal use only north-west Tasmania. 100%-owned historical mining operation with a growing basis of restart opportunities Operated as underground tin (
Slide 22: Cleveland is a historic tin producer, multi-commodity system
ELEMENTOS Overview Oropesa Cleveland Invest ASX: ELT July 2026 22 Cleveland is a historic tin producer, multi-commodity system. 2024 drilling and assays from previously sampled historic core prove Cleveland is more than just a tin mine. rsonal use only 1 All resources calculated Tin and copper taili
Slide 23: Cleveland Geology Studies: Foley Zone Rubidium Potential
ELEMENTOS Overview Cleveland Geology Studies Next Steps ASX: ELT June 2026 23 Foley Zone: Rubidium Potential rsonal use only Ongoing Work: Preliminary study on six historical drill holes located in the MRT Core Library into the extent of increased rubidium content within the alteration halo associat
Slide 24: Cleveland resource growth drilling program
ELEMENTOS Overview Cleveland Geology Studies Next Steps ASX: ELT June 2026 24 Cleveland tin and tungsten resource growth drilling program. rsonal use only 1. Targeting Resource growth: 3,600m diamond drilling program to commence in early November 2026. 2. Untested tin-copper targets: Drilling will i
Slide 25: XRT has ability to transform Cleveland's economics
ELEMENTOS Overview Oropesa Cleveland Invest ASX: ELT July 2026 25 XRT has ability to transform Cleveland’s economics Increasing grade, reducing tonnes fed into processing plant, lowering capital, processing & waste costs rsonal use only
Slide 26: Testing the five-critical mineral opportunity
ELEMENTOS ASX: ELT July 2026 26 Testing the five-critical mineral Testing will determine opportunity. how these minerals can be efficiently extracted and processed to maximise value. Three metallurgical laboratories validating one exciting project. rsonal use only
Slide 27: Airborne EM Survey Received
ELEMENTOS Overview Cleveland Geology Studies Next Steps ASX: ELT June 2026 27 Airborne EM Survey Received rsonal use only • 50 line-kilometre helicopter airborne electromagnetic survey carried out in June 2026 by SkyTEM in conjunction with a regional survey by MRT and Cleveland Tin Mine Geoscience A
Slide 28: Our team has delivered multibillion dollar projects
ELEMENTOS Overview Oropesa Cleveland Invest ASX: ELT June 2026 28 Our team has delivered multibillion dollar mining and natural resource projects around the world and is experienced in tin. rsonal use only Andy Greig Joe David Calvin Treacy Corey Nolan Brett Smith Daniel Broughton Non-Exec Chairman
Slide 29: A uniquely de-risked tin and critical minerals platform
ELEMENTOS Overview Oropesa Cleveland Invest ASX: ELT July 2026 29 Elementos is a uniquely de-risked tin and critical minerals platform. rsonal use only Pillar 01 Pillar 02 Pillar 03 The Balance Sheet High-Conviction Backers The Deliverables A$38.6M • Primary Permitting for Oropesa L1 Capital: A$29.5
Slide 30: Elementos corporate overview
ELEMENTOS Overview Oropesa Cleveland Invest ASX: ELT June 2026 30 Elementos (ASX:ELT) corporate overview rsonal use only Share price Market capitalisation (undiluted)2 Top-10 shareholders 16 October 20263 A$0.37 A$162.3M Top-10: Top-20: Top-50: 65.6% 75.1% 84.5% 27 October 2026 27 October 2026 52 we
Slide 31: Connect with us
Elementos Ltd Level 7, 167 Eagle Street ABN 76 075 103 221 Brisbane Queensland 4000 ASX:ELT Phone: +61 7 3212 6299 Connect rsonal use only with us. Joe David Managing Director eNews jd@elementos.com.au Join the conversation Follow us Subscribe to our e-news: www.x.com/ElementosTin www.x.com/elemento
Slide 32: Disclaimer: Competent Person Statements
ELEMENTOS ASX: ELT June 2026 32 Disclaimer. Competent Person Statements rsonal use only The information in this Presentation that relates to Mineral Resources for the Cleveland Project has been extracted from the Company’s ASX Announcement on 30 August 2024 “Cleveland tungsten mineralisation updated
Slide 33: Appendix 1: Oropesa Mineral Resource Estimate & Ore Reserve
ELEMENTOS ASX: ELT June 2026 33 Appendix 1: Oropesa Mineral Resource Estimate4 & Maiden Ore Reserve Tables10 OROPESA TIN PROJECT FEB-2023 MINERAL RESOURCE ESTIMATE4 OROPESA 2023 MINERAL RESOURCE ESTIMATE – ZINC 8 rsonal use only MRE Contained Tin Resource Contained Zinc MRE Resource Classification S
Slide 34: Appendix 2: Cleveland Mineral Resource Estimates & Exploration Target
ELEMENTOS ASX: ELT June 2026 34 Appendix 2: Cleveland Mineral Resource Estimates & Exploration Target 2 11 rsonal use only CLEVELAND TIN & COPPER PROJECT SEP-2018 MINERAL RESOURCE ESTIMATE CLEVELAND TUNGSTEN FEB-2026 MINERAL RESOURCE ESTIMATE Resource Sn% Resource Contained Cu (%) Contained Copper R
Slide 35: Appendix 3: Cleveland Tin Project Exploration Target
ELEMENTOS ASX: ELT June 2026 35 Appendix 3: Cleveland Tin Project Exploration Target rsonal use only Competent Persons Statement Strike, Depth & Thickness • The information in this Presentation that relates to the Cleveland Exploration Target is based on, and fairly represents, • Strike: Interpreted