Elementos Limited · ASX:ELT
Elementos — Noosa Mining Investor Conference 2023
31 slides from Elementos's conference presentation, Jul 19, 2023
Slide 1: Tin for an Electric Tomorrow
TIN FOR AN ELECTRIC TOMORROW For personal use only Noosa Mining Investor Conference - Presentation 19 July 2023
Slide 2: Cautionary statement
Cautionary statement 2 This Presentation provides general background information about Elementos Limited’s (“Company’s”) activities. That information is current at the date of Of the Mineral Resources scheduled for extraction in the Study mine production plan, approximately 21% are classified as Mea
Slide 3: Tomorrow's tin
Tomorrow’s tin 3 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. Oropesa Project Cleveland Projec
Slide 4: Tin is the metal most impacted by electrification and new green technologies
Tin is the metal most impacted by 4 electrification and new green technologies. For personal use only Others Did you know? electric advanced renewable computers energy vehicles robotics energy & IT storage Tin • Tin is a key electrical contact in Lithium electronic circuits (solder), printed Cobalt
Slide 5: Tin price strength has returned during 2023
Tin price strength has returned during 2023 5 outperforming most other metals Extremely weak supply appears to balancing out muted demand For personal use only SHFE US$32,759/t • LME tin spot prices briefly hit US$18k/t before US$37.5k 14 JUL 2023 Chinese COVID lockdowns ended, fundamental supply ti
Slide 6: Current tin market supply is constrained
Current tin market supply is constrained For personal use only 6 No tin market supply growth in 10 years Major producers struggling to maintain production levels Major global tin concentrate producers (2021) 3 Tin-in-Concentrate to 2021 ‘000t3 100,000.0 35.00% 350,000 90,000.0 29.28% 30.00% 300,000
Slide 7: Production downtrend tipped to continue
Production downtrend tipped to continue. For personal use only 7 Largest tin miner & refiner in the world What Yunnan Tin had to say Tin ore supply is • On February 15 2023, Yunnan Tin Company Limited predicted that due to factors such as declining grades, mining technology limitations, and rising l
Slide 8: Technology and green infrastructure is driving tin demand growth
Technology and green infrastructure is 8 driving tin demand growth For personal use only • The technology and green infrastructure solutions are driving global tin demand (growth rates forecast between 3-4%pa)5. • Solar use of tin - solar Ribbon, junction boxes, PV electronics • Growth in Solar, 5G
Slide 9: Tin market in deficit
Tin market in deficit 9 Global tin stockpiles sit at around ~12kt with tin concentrate hard to secure For personal use only Refined tin forecast6 Forecast tin deficit6 • Global tin demand is forecast to increase 3-4%pa to service the technology revolution. 550Kt 0 • 3-4%pa growth (vs. historic 1.8%p
Slide 10: Environmental, Social and Governance (ESG)
Environmental, Social and 10 Governance (ESG) For personal use only Decisions to report on the Tin Code whilst still The Tin Code reflects leading ESG standards, including; a project developer • ISO (14001, 9001, 45001, 37001) • Established a plan with the International Tin • OECD Guidance for respo
Slide 11: Environmental, Social and Governance (ESG)
Environmental, Social and 11 Governance (ESG) For personal use only Elementos has additionally: 1 Established an ESG sub-committee of the Board of Directors. 3 Improved long-term relationships with the community and committed to the economic development of the mine via our application for the Oropes
Slide 12: Oropesa Tin Project, Spain
Oropesa Tin Project, Spain 12 12 SPAIN DFS nearing completion, poised to deliver Europe’s first new significant tin mine. For personal use only Oropesa Tin Project • Open-cut tin mining and processing operation producing tin concentrates for smelters in Europe, North America or Asia. PORTUGAL • Resp
Slide 13: Oropesa has government support
Oropesa has government support For personal use only 13 On 9 March 2022, the Junta de Andalucia Approvals Update (Andalucían Government) publicly On 20th June - MESPA received correspondence from the local department considering its announced high profile support for the Environmental Application, s
Slide 14: Mineral Resource Estimate update
Mineral Resource Estimate update 14 February 2023: MRE confidence increased with, 95% now classified as Measured & Indicated 8 personal 9use only the JORC Code 2012 on 14 February 2023 grade. This information was first disclosed under 9 All resources calculated using a 0.15% Tin cut-off Measured Min
Slide 15: 2023 Exploration drilling intersects semi-massive to massive sulphide mineralisation
2023 Exploration drilling intersects semi-massive 15 to massive sulphide mineralisation in first planned hole For personal use only Further polymetric mineralisation intersected Drill hole ADD_04 has returned two significant zones of polymetallic (Tin, Zinc and Copper) mineralisation12: outside Orop
Slide 16: Optimisation Study (2022)
16 Optimisation Study (2022) High Level Summary $45K/t outline Based on JORC Resources (Nov- 2021) For personal use only 18.86Mt 0.40% Sn [75.4kt Sn] Out of pit dump US$30,000/t Pit Shell 82% conversion High density oak tree habitat Process plant Production Target (2022) 15.50Mt 0.37% Sn [56.8kt Sn]
Slide 17: Optimisation Study Summary
Optimisation Study Summary 17 Total LoM tin metal production 38,550t For personal use only Life of mine Tonnage averages Annual ore mined Annual ore sorter feed Annual processing Annual tin concentrate Annual tin metal production plant feed (62%) 1,250,000t 1,250,000t 1,000,000t 5,400t 3,350t Annual
Slide 18: Optimisation Study Snapshot
Optimisation Study Snapshot For personal use only 18 Key Results Key Costs Outputs C1, C2, C3 & All-In-Sustaining-Cost (AISC) Summary US$/tonne US$/tonne Low capital cost Construction Capital Cost Area Sn Conc. Sn Metal US$86m Clearing, Topsoil & Mining Preparation $113 $180 Mining $4,599 $7,369 Low
Slide 19: Strong partners delivering DFS
Strong partners delivering DFS 19 The project has partnered with over 50 experienced and qualified local companies Driving success and ensuring strong local partnerships For personal use only Study & Project Leads Technical Partnerships Engineering Partners Site & Laboratory Contractors Environmenta
Slide 20: DFS Technical Programs
DFS Technical Programs 20 Elementos has completed all required For personal use only 01 Pilot scale metallurgical test work feasibility development programs to provide input data to its Oropesa 02 Geotechnical works program Definitive Feasibility Study. 03 Hydrogeological (groundwater) works program
Slide 21: DFS metallurgical test work successfully completed
DFS metallurgical test work successfully completed 21 Offtake discussions based on concentrate spec from pilot scale results ongoing For personal use only • Pilot-scale metallurgical test work confirms conventional and Pilot Plant Metallurgical Upgrade Results modern tin flowsheet for Oropesa Projec
Slide 22: Oropesa project timeline
Oropesa project timeline** 22 Definitive Feasibility Study underway For personal use only 2H CY2021 1H CY2022 2H CY2022 1H CY2023 2H CY2023 Updated Mineral Resource Estimate Completion of resource drilling, modelling and estimation Optimisation Study Finalise the Basis of Design for DFS Confirm thro
Slide 23: Cleveland Tin Project
Cleveland Tin Project 23 Tasmania Tin & copper JORC Resources1 Indicated Inferred Total • The project (100%-owned) is located in the mineral rich north-west region of Tasmania. 6.23Mt 1.24Mt 7.47Mt Burnie 0.75% Sn | 0.30% Cu 0.76% Sn | 0.28% Cu 0.75% Sn | 0.30% Cu For personal use only • Previously
Slide 24: Cleveland Tin Project
Cleveland Tin Project 24 Tin, Copper and Tungsten For personal use only • Exploration Lease • A Strategic Review has commenced to surrounded by existing reassess the techno-economic critical infrastructure. possibilities of restarting the operation amid high tin, copper and tungsten prices.
Slide 25: Cleveland Tin Project: Fluorite/Fluorspar potential confirmed
Cleveland Tin Project 25 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. da
Slide 26: Our portfolio is critical
Our portfolio is critical 26 Tin, tungsten, zinc, copper, and fluorite in demand. For personal use only The minerals in our Economies where our minerals are listed as “critical”. portfolio are rated “critical” United States Canada European Union China Japan by many major economies. Tin Tungsten Tin
Slide 27: Corporate overview
Corporate overview For personal use only 27 Shareholder distribution (June 2023) Share price Market capitalisation* $A0.16c A$31.3m Directors 14 July 2023 14 July 2023 13.8% 52 week high $0.48, low $0.10 JM Financial Group 6.2% Shares on issue* Cash* 194.7m A$3.8m McCusker Holdings 5.2% 14 July 2023
Slide 28: Strong Leadership
Strong Leadership 28 Our team has For personal use only 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 Director Andy bri
Slide 29: Investment highlights
Tin for an electric tomorrow 29 Investment highlights For personal use only Tin commodity price strength has returned Total Mineral to support the project Resource Estimate economics. for Oropesa updated DFS being undertaken for DFS following infill 2023 tin prices are with strong study drilling. ba
Slide 30: Disclaimer
Disclaimer 30 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
Slide 31: 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