Elementos

Website:www.elementos.com.au
Primary ticker: ASX:ELT
Stage of development: Development
Commodity: Tin, Copper, Tungsten
Project to promote: Oropesa
Company presentation: Click here

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Elementos is building a global, multi-project tin exploration and development company.

Management Profile

Christopher Dunks – Executive Director

Mr Dunks has more than 20 years experience dominated by working on major global minerals processing, refining and power projects.

Chris Creagh – Mr Creagh is a geologist with more than 30 years of experience in the Australian and international mining industry. Chris brings significant expertise and experience in executive management and project development.

What is your rationale for attending 121 Mining Investment?

Meeting new investors and expanding our story into the Asian Market where tin is a known, traded, understood commodity.

What recent news would you like to highlight to investors attending?

Key milestones are: Acquisition of the Oropesa Project; progression of Cleveland through pre-DFS activities; ore-sorting testwork at Oropesa.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Rapidly accelerate the completion of the Oropesa DFS; Start the environmental application process for Cleveland; complete JV for Temengor

6 Months:

Completion of DFS at Oropesa; Environmental approvals for Oropesa done; Start of Cleveland DFS; work strategy and plan for Temengor exploration begun;

12 Months:

EPCM for Oropesa started, Cleveland DFS begun and moving forward; preliminary drilling completed at Temengor

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Building the right team; making sure we progress all activities to our schedule

In a sentence, what do you think makes your company such a compelling investment?

We are developing a unique position in the global market by developing a multi-project tin development company. ELT is focused on bringing Oropesa into production, followed by Cleveland and Temengor.

Analyst Insight – provided by Independent Investment Research

Elementos is an ASX-listed company focused on the exploration and development of tin mining projects in Australia and internationally. Tin has been recognised as one of the most positively-impacted metals in new technology applications. The value of tin is forecast to increase significantly in coming years as a result of a global shortfall in supply.

Elementos aims to create greater volume of production through its multiple projects, leveraging smart vertical integration to move away from concentrate-only production methods. Elementos Limited is actively working on developing projects in Australia and Spain.

An Economic Study released during May 2020 has positioned the company’s wholly-owned Oropesa Project in Spain as a globally significant new tin development with a prospective annual production of 2,440 tonnes of tin metal over a 14-year mine life. Readily executable, the development concept proposes a simple open-cut mining operation and conventional processing facility producing tin concentrates which would be shipped to smelters in Europe and Asia.

At a tin price of US$19,750/tonne, the mine could potentially generate an annual gross revenue of more than US$48 million against a forecast operating cost of US$28 million per year or cash cost of US$11,534/tonne of metal. The estimated capital development cost is US$52.2m including a 20% contigency. The Study valuation also found a base case pre-tax NPV8% of approximately US$92m and post tax NPV8% of approximately US$66m. The pre-tax Internal Rate of Return is approximately 25% and the payback period is approximately four years.

The next steps would be to complete a Definitive Feasibility Study and finalise environmental permitting. The company is also confident of enhancing the project’s economics through further drilling to expand and upgrade the size of the existing resource and lower the overall waste-to-ore ratio.

Elementos also owns the Cleveland Tin Project in the mineral-rich northwest region of Tasmania. An historic mine that already boasts excellent power, water and transport infrastructure, revised JORC Study results for the Cleveland Tin Project were announced during September 2018 that indicated a substantial increase in open-pit project resources from the previous estimate announced in 2015.