Company
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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The 5,000-metre diamond drill program across 48 holes is part of a wider optimisation program designed to increase the project’s overall resource, annual production rate and mine life.
Exploration activities have recommenced at the project with a new drill target identified adjacent to the existing geological resource.
The company is undertaking 5,000 metres of diamond drilling as part of a wider optimisation program aimed at increasing the project’s overall resource, annual production rate and mine life.
Oropesa Economic Study positions the project as a low-cost, globally significant new tin development with a prospective annual production of 2,440 tonnes of tin-in-concentrate over a 14-year mine life.
An economic study positioned Oropesa as a low-cost, globally significant new tin development with prospective annual production of 2,440 tonnes of tin-in-concentrate over a 14-year mine life.
The company has completed a review in which results from more than 170 diamond drill holes were examined with 207 samples collected to be assayed for tin content.
The initial drilling program of 42 diamond drill holes has been modified to include an additional five shallow holes for a total of 47 holes in zones identified as having the potential to contain unconfirmed shallow tin resources.
Exploration drilling at the project in Spain is a part of a wider optimisation program designed to increase the overall resource, annual production rate and the life of mine.
The tin-focused company is poised to quickly progress drilling and environmental permitting at one of the world’s largest undeveloped, open-cut mineable tin deposits.
The Oropesa economic study released in May positions the project as a low-cost, globally significant new tin development with prospective annual production of 2,440 tonnes of tin in concentrate over a 14-year mine life.
The optimisation program is set to increase the project’s overall resource, annual production and mine life.
Elementos is planning to follow up this study with a definitive feasibility study alongside finalising the environmental permitting for the project.
Smith has more than 30 years’ experience in the resources, construction and engineering industries in senior operational and financial positions.
The company is looking to start production by 2021 and expects to meet some of the forecast annual global tin supply shortfall of 40,000 tonnes
Tin has been identified as the metal that is most impacted by new technologies, resulting in increasing demand.
The Sydney session is on Tuesday, April 9 and the Melbourne session on the following day, April 10.
Simon Finnis received the award from Asia’s largest mining investment forum, Mines and Money.
Investments and investor services
Managing director Lorry Hughes will update investors in Sydney and Melbourne next week.
Investments and investor services
Managing director John Sargeant will update investors in Sydney and Melbourne next week.
ioneer is aiming to complete the Rhyolite Ridge DFS in Q3 2019 with initial production targeted for 2021.
