Elementos Limited's (ASX:ELT) continues to make strides at its Cleveland tin-copper-tungsten project in Tasmania which could bring in an additional $90 million in pre-tax cash flows, according to a new study.
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The integrated tailings-pit-underground operation would generate revenue of A$638 million over this time.
Significantly, positive cash flow from the stage 1 tailings operation would fund investment in stage 2 open pit in 2018. Positive cash flows from both these stages will then fund investment in stage 3 in 2021.
Cleveland is a low CAPEX project that would produce cash at today's prices. Whilst the tin-copper orebody is a globally significant tin deposit, the tungsten porphyry deposit is a potential Tier 1 strategic metal asset that is double the grade of Wolf Minerals' Hemerdon tungsten and tin project.
All infrastructure is in place at Cleveland including power, water, communication along with workforce and accommodation.
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