Elementos defines additional near-surface tin at flagship Oropesa Project
An updated mineral resource estimate for the Spanish project is on track for delivery in October 2021.
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 extends new zone of tin mineralisation at Oropesa after receiving latest diamond drilling results
Results are likely to be included in an upcoming mineral resource estimate which is on track for delivery in October.
Elementos defines new zone of tin mineralisation at Oropesa Project in Spain, shares up
An updated mineral resource estimate at the Oropesa Project is set for delivery in October.
Elementos higher on notching up another shallow result of 82.7 metres at 0.27% tin at Oropesa in Spain
The strong results received to date confirm the company's decision to accelerate Oropesa's project development.
Elementos intersects further shallow tin mineralisation at Oropesa Tin Project ahead of additional assays
The strong results received to date confirm the company's decision to accelerate Oropesa's project development.
Elementos receives further strong Oropesa tin results that confirm additional zones
According to the company, drilling data confirms the existence of relatively shallow mineralisation in the centre of the resource, intersecting mineralisation thicker than previously modelled.
Elementos commits to completing definitive feasibility study for Oropesa Tin Project in Spain
Following a robust and multifaceted project review, the Board endorsed the strategy of moving directly into a DFS to mature the project.
Elementos’ drilling at Cleveland Tin Project to be co-funded by Tasmanian Government
The company’s proposed drilling program, which consists of four diamond drill holes for a total of 1,000 metres will test for tin and copper mineralisation.
Elementos intersects more shallow tin zones at Oropesa
Data from current drilling confirms the existence of relatively shallow mineralisation in the middle of the resource and increases the confidence of previously modelled deeper mineralisation.
Elementos confirms broad tin zones at Oropesa Project and begins feasibility development programs
The company is on track to complete its drilling program at the project with 77% of drill holes completed to date.
Elementos begins feasibility development programs at Oropesa Tin Project
Encouraging assay results, historically high tin prices over US$30,000/tonne, and the additional data and studies, all together enhance the last year’s economic study.
Elementos buoyed by ongoing strong Oropesa results as tin prices soar
The company continues to intersect mineralisation in the drilling program, which is more than 70% complete and is on track to meet the company's objectives.
Elementos confirms continuity of tin mineralisation in ongoing drilling at Oropesa Project in Spain
The exploration drilling program is on track to increase confidence in the mineral resource and potentially extend outside the current resource boundary.
Elementos goes all out to capitalise on strong tin market and high prices
As a part of its Oropesa exploration, the company plans to drill 48 diamond holes for around 5,000 metres and has already completed 31 holes for 3,710 metres, with assays received for 19 holes.
Elementos reels in A$6.1 million in strongly supported placement to continue developing tin project
Funds raised will be used to bring the company’s 48-hole drilling program to a close and fund the completion of an optimisation program designed to unlock further value in the Oropesa Tin Project in Spain.
Elementos in trading halt with capital raising announcement pending
The company has recently appointed a new CEO who has experience in project delivery and specifically with bankable feasibility studies.
Elementos appoints CEO with strong mining and finance background
Newly appointed CEO Joe David will focus on finalising a drilling program and pre-feasibility study at the Oropesa Tin Project in Spain and then moving into a bankable feasibility study.
Elementos continues to push ahead with development strategies at wholly-owned projects as tin metal price reaches ten year highs
Tin metal supply disruptions and strong demand driven by global economic stimulus have pushed the LME tin prices to ten-year highs trading over US$28,000 per tonne compared to US$13,450 per tonne a year ago.
Elementos continues focus on Oropesa Tin Project with exploration drilling and optimisation
During the half-year to December 31, 2020, the company’s principal activity was continuing optimisation work and starting exploration drilling at Oropesa Tin Project in Spain as well as progressing the Cleveland Tin Project in Tasmania towa
Elementos 45% higher after Oropesa drilling reveals tin zones to 31.1 metres thick with grades up to 12.9%
The program has 48 diamond drill holes planned but may be modified as required based on results as they are received