Company
Elementos Ltd
ASX:ELT
Elementos Ltd (ASX:ELT) is committed to the safe and environmentally conscious exploration and production of high-grade tin resources, regardless of the location. The company is focusing primarily on the Oropesa Tin Project in Spain, which was acquired in January 2020 and is regarded as one of the world’s largest undeveloped, open-cut mineable tin deposits, with access to world-class infrastructure. It also owns the Cleveland Tin Project, which is around 80 kilometres southwest of Burnie in the mineral-rich northwest region of Tasmania, Australia.
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Elementos advances one of the world’s largest undeveloped, open-cut mineable tin deposits
The company has two tin projects – its flagship Oropesa Tin Project in Andalucia, Spain, and its Cleveland Tin Project in Tasmania, Australia - with large JORC resource bases and exploration potential.
Elementos unearths further shallow very high-grade tin at Oropesa Project; shares up
“These results continue to show the capability for the Oropesa Project to deliver significant intercepts well above the average mineral resource grade of tin across the project," Elementos MD Joe David said.
Elementos intersects some of highest tin grades to date during infill drilling at Oropesa
“These results continue to confirm the robustness of the current mineral resource model and are continuously increasing our confidence in upgrading Oropesa’s targeted inferred resources at the end of the program,” Elementos MD Joe David sai
Elementos earns buy rating and price target of A$0.62 from Petra Capital underpinned by Oropesa Tin Project
The Oropesa mine in Spain is expected to come on stream in 2025 into a market with strong tin prices driven by an increasing supply deficit.
Elementos' infill drilling program continues to confirm geological model with near-surface tin intercepts
"...Our confidence is increasing in achieving the program’s goal of upgrading the inferred mineral resources that reside within the US$30,000/t pit shell, to a higher confidence resource category by the end of the program," said MD Joe Davi
Elementos confirms metallurgical upgrades and conventional tin flowsheet for Oropesa Project in Spain
This means that ore from Oropesa can be processed via a conventional tin flow sheet to produce a high-grade and commercially desirable tin concentrate.