Slide 1: Tin for an Electric Tomorrow – Investor Presentation
ASX:ELT TIN FOR AN ELECTRIC TOMORROW For personal use only Investor Presentation Investor Presentation – 10 November 2021 Scheduled presentations: 1. Noosa Mining ‘Unearthed’ Conference, 11:05am(AEST), 11 November 2021 2. ShareCafe ‘Hidden Gems’ Webinar, 11:30am(AEST), 12 November 2021
Slide 2: Cautionary statement
Cautionary statement For personal use only The Updated Economic Study (Study) referred to in this announcement has been undertaken for the purpose of assessing the technical and Statements in this release regarding the Elementos business or proposed business, which are not historical facts, are forw
Slide 3: Updated 2021 JORC Resources: 50% increase in Total Mineral Resource
Recently Announced 2018 JORC Resources2 Update 2021 JORC Resources1 For personal use only Total Mineral Resource Total Elementos announced a Total 50% increase in the Total 12.54Mt 0.54% Sn [67.5kt Sn] 50% 18.86Mt 0.40% Sn [75.4kt Sn] Mineral Resource Measured & Indicated Mineral Resource Estimate a
Slide 4: Resource classification changes: Measured, Indicated, Inferred
Recently Announced 2018 JORC Resources2 Update 2021 JORC Resources1 For personal use only Measured Measured 4.30Mt • 1,200% increase to the Measured Mineral Resource Estimate. 0.33Mt 1.09% Sn [3.6kt Sn] 1,200% 0.41% Sn [17.6kt Sn] • 78% increase in the Measured and Indicated Mineral Resource. Indica
Slide 5: Tin is the metal most impacted by electrification
Tin is the metal most impacted by electrification and new green technologies. For personal use only • Tin is key electrical contact in electronic circuits (solder) printed circuit boards and semi-conductors. It is the electric glue connecting key components. • Plays role in battery chemicals, batter
Slide 6: Tin price has doubled in less than 12-months
Tin price has doubled in less than 12-months For personal use only LME Cash Tin Price US$/tonne LME Tin Price 08-11-21 • Prices continue to increase this year on 45k both reduced global production, US$38,800 declining stockpiles and strong industrial demand particularly for semi- 40k conductors and
Slide 7: Tin market in deficit – global stockpiles at all time lows
Tin market in deficit – Global tin stockpiles at all time lows For personal use only Visible Global Tin Stockpiles ‘000 tonnes1 • Tin market appears to be in 4th consecutive year of deficit • Approximately 6,100 tonnes drawdown in 2021 • 2021 tin market deficit has led to significant stockpile drawd
Slide 8: Tin market forecast to move further into deficits throughout 2020s
Tin market forecast to move further into deficits throughout 2020s For personal use only • 2021 Tin demand growth is estimated at ~7.2% (yoy) recovering Refined Tin Forecasts ‘000 tonnes1 from COVID-19 in 2020 (-1.6%) Refined Tin Demand (Q2 2021) to 2030 450 • Global tin demand is forecast to materi
Slide 9: Tin undersupply is now mainstream news
Tin undersupply is now mainstream news For personal use only ASX:ELT elementos.com.au 9
Slide 10: Environment, Social and Governance (ESG) driving responsible development
Environment, Social and Governance (ESG) driving responsible development For personal use only Elementos is committed to Elementos has committed to: developing and operating its tin • Establishing an ESG sub-committee as part of our Board, • Demonstrate compliance with European and OECD regulations
Slide 11: Oropesa Tin Project
Oropesa Tin Project For personal use only • Acquired in 2019 (100%) with more than US$26 million historically invested in project development. • Planned open-cut mining operation with conventional tin processing flow sheet producing tin concentrates to be shipped to smelters in Europe, Nth America o
Slide 12: 2021 vs 2018 Mineral Resource Models
2021 vs 2018 Mineral Resource Models For personal use only 50% Total Mineral Resource Estimate 88% Measured & Indicated Mineral Resources ASX:ELT 263% elementos.com.au ‘Shallow’ tonnes (<100m RL) Note: hills displayed are physically behind (background) the Resource, not on top of it 12
Slide 13: Feasibility Development Programs
Feasibility Development Programs For personal use only Elementos is progressing four 01 Pilot scale metallurgical test work feasibility development programs 02 Geotechnical works program to provide critical input data to the Definitive Feasibility Study. 03 Hydrogeological (groundwater) works progra
Slide 14: Feasibility Programs: Pilot scale metallurgical test work
Feasibility Development Programs 01 Pilot scale metallurgical test work For personal use only • >90% completed by Wardell Armstrong (UK) • Tin concentrate dressing and tin floatation work underway • Flow sheet finalization for DFS in nearly complete • Variability test-work has commenced to confirm m
Slide 15: Feasibility Programs: Geotechnical works program
Feasibility Development Programs 02 Geotechnical works program For personal use only • Fully mobilised with two drill rigs on site • 80% drilling complete with first eight holes (of 10) completed • Geotechnical sampling well underway • Laboratory analysis being completed ASX:ELT elementos.com.au 15
Slide 16: Feasibility Programs: Hydrogeological works program
Feasibility Development Programs 03 Hydrogeological (groundwater) works program For personal use only • Water-bores installed across project • Water rig and pump fully mobilised on site • 24-hr pump tests within pit bounds completed and show good drawdown • Long-term pump tests will determine re-cha
Slide 17: Definitive Feasibility Study (DFS) commenced
Definitive Feasibility Study (DFS) commenced For personal use only Updated Mineral Resource Estimate (delivered Nov-21) Definitive Feasibility Study Focus (Targeting end of Q4-22) • Completion of Resource drilling, modelling and estimation • Mature engineering sufficiently to further define packagin
Slide 18: Economic Study (May 2020)
Economic Study (May 2020) For personal use only Oropesa Economic Study follows extensive drilling, geological, geotechnical, feasibility and metallurgical test work programs over more than 10 years. Annual ore feed Annual metal production Tin price Annual gross revenue Gross revenue x 14 years 750,0
Slide 19: Economic Sensitivity to Tin Price
Economic Sensitivity to Tin Price (only) For personal use only $550 $500 Net Present Value $450 (Pre-Tax, 8%) $400 US$477.4m $350 $300 Spot tin price US$38,800/tonne $250 (www.lme.com 8 Nov 2021), 1 USD: 0.74 AUD USD$M $200 ~A$645m $150 ASX:ELT $100 -50% -40% -30% -20% -10% 0 10% 20% 30% 40% 50% 60%
Slide 20: Production in the lower quartile of global tin cash cost
Fundamentals support production being in the lower quartile of global tin cash cost For personal use only Oropesa modelled cash cost compares Cash cost (US$/tonne of tin) favorably against other tin developments 40,000 and producers around the world. Fundamentals support production low costs 30,000
Slide 21: Cleveland Tin Project
Cleveland Tin Project For personal use only • Cleveland Tin Project (100%-owned) located in mineral rich north-west Tasmania. • Operated as an underground mine by Aberfoyle Resources from 1968 to 1986 – demonstrated mining and metallurgical outcomes. • Significant endowment of tin-copper tailings, o
Slide 22: Historic Cleveland Underground Workings
Historic Cleveland Underground Workings Cleveland Tin Project Tin / Copper Resource For personal use only • Exploration Lease surrounded by existing critical infrastructure. • A Strategic Review of the Cleveland Tin Project has commenced to re-assess the techno-economic possibilities of restarting t
Slide 23: Cleveland Tin Project – Drilling Program
Cleveland Tin Project –Drilling Program For personal use only • Four diamond drill holes (1,000m) planned for later this year to test for tin and copper mineralisation along strike and to the northeast of the historical tin mine • $70,000 awarded from the Tasmanian Government’s Exploration Drilling
Slide 24: Corporate overview
Corporate overview For personal use only Share price Market capitalisation Directors & Management $A0.029 $117.7m 14% Mark Wellings (Eurotin) 5% 09 Nov 2021 09 Nov 2021 52 week high 0.03c, low $0.004c Keo Projects 3% TR Nominees Shares on issue Cash 3% 4,059m $5.3m 25 Oct 2021 30 Sep 2021 ASX:ELT De
Slide 25: Strong Leadership
Strong Leadership For personal use only Our team has extensive experience in the mining and resources sector with vast expertise in project acquisition and Andy Greig Joe David Brett Smith Non-Exec Chairman Chief Executive Officer Non-Exec Director development. ASX:ELT Andy retired from the Bechtel
Slide 26: Strong Leadership
Strong Leadership For personal use only Calvin Treacy Chris Dunks Corey Nolan Non-Exec Director Non-Executive Director Non-Exec Director ASX:ELT Calvin has over 20 years senior Chris is currently the Managing Director Corey is an accomplished public management experience in mining, of Synergen Met,
Slide 27: Five investment catalysts
Five investment catalysts 05 For personal use only Unlock value from the 04 Cleveland Tin Project in Tasmania via drilling and engineering Receive final Oropesa 03 development. environmental and Exploitation License permitting, Completion of Oropesa 02 Definitive Feasibility Study & maiden JORC Ore
Slide 28: Disclaimer
Disclaimer For personal use only Forward-looking statements Competent Person Statement The information in this report is based on and fairly represents information and supporting documentation This document may contain certain forward-looking statements. Such statements are only predictions, based t
Slide 29: Get in touch
Get in touch For personal use only Joe David Elementos Limited Level 7, 167 Eagle Street Chief Executive Officer Brisbane Queensland 4000 +61 (0)7 2111 1110 Phone: +61 7 3212 6299 jd@elementos.com.au elementos.com.au