Elementos Ltd (elt) Logo

Elementos Ltd (ELT)

___:___ · Basic Materials
0.00
0.00
(0.00)
VOLUME
DIV YIELD
PE RATIO
1 YR RETURN
52 WEEK RANGE
SPONSORED

A Deep Dive profile provides ASX listed companies with an opportunity to tell their story in plain English.

Company Deep Dive

Elementos Limited (ELT) is a pure tin exploration and development company with assets in mature mining jurisdictions including Spain and Australia. The company is progressing project development to fill a forecast supply deficit in the tin market and is focused on commencing tin production by 2025.

Elementos has a history of identifying and acquiring high-grade projects at the bottom of the commodity cycle and developing to meet an increase in demand.

The company is committed to safe and environmentally-conscious exploration, development, production and transport of tin, regardless of where it operates in the world.

Highlights

Oropesa Tin Project Optimisation Study materially increases scale and economics - Definitive Feasibility Study on track for delivery in Q1 CY2023

Potential to restart operations at Cleveland Tin Project, Tasmania

Well-positioned to help bridge the significant shortfall in tin supply in the coming years

Showcase your ASX company to 500k+ investors

See Corporate Services

People

Board and Management

Joe David

Managing Director

Mr David's career has spanned executive roles with private equity, listed and private mining companies, an Associate Director within M&A advisory as well running his own project development consulting company.

Profile

Joe David

Managing Director

Mr David's career has spanned executive roles with private equity, listed and private mining companies, an Associate Director within M&A advisory as well running his own project development consulting company. He has managed the development of natural resource projects, bankable feasibility studies, exploration and metallurgical programs, project financing, corporate finance advisory, corporate strategy, and mergers and acquisitions.

Mr David is a Mining Engineer (AusIMM), Civil Engineer and holds a Commerce Degree in Finance.

Andy Greig

Non-Executive Chairman

Mr. Greig has 35 years of experience in the mining and natural resource industry with Bechtel Group Inc., a global engineering, construction and project management company.

Profile

Andy Greig

Non-Executive Chairman

Mr. Greig has 35 years of experience in the mining and natural resource industry with Bechtel Group Inc., a global engineering, construction and project management company. Mr. Greig has held numerous positions with Bechtel, most recently as SVP and Global Manager of Human Resources. Mr. Greig served on the Bechtel Board as a Director and was President of the Mining and Metals Global Business Unit, centred in Brisbane, Australia for 13 years.

Corey Nolan

Non-Executive Director

Mr Nolan has 20 years of diverse experience in the resources sector. This has included experience in mining operations, global resource evaluation, and the financing and development of new opportunities in Australia, South Africa, Asia, and South America.

Profile

Corey Nolan

Non-Executive Director

Accomplished public company director whose 20-year career in the resources industry started on the ground in operations before spanning a broad range of corporate roles from equities analyst and corporate finance director to a number of senior executive and board positions.

Calvin Treacy

Non-Executive Director

Mr Treacy is an experienced manager and director with over 10 years’ experience in the mining industry, he has a strong track record of founding and growing companies.

Profile

Calvin Treacy

Non-Executive Director

Mr Treacy is an experienced manager and director with over 10 years’ experience in the mining industry, he has a strong track record of founding and growing companies. His prior roles have included COO and CEO positions, Director of AMIRA International and he is currently a Director of several unlisted companies

Brett Smith

Non-Executive Director

Mr Smith has more than 30 years’ experience in the resources, construction and engineering industries in senior operational and financial positions. Mr Smith is Executive Director of Hong Kong listed Dragon Mining which has operating gold mines and processing plants in Finland and Sweden.

Profile

Brett Smith

Non-Executive Director

Mr Smith has over 30 years’ experience in the resources, construction and engineering industries in senior operational and financial positions. Mr Smith is Executive Director of Hong Kong listed Dragon Mining which has operating gold mines and processing plants in both Finland and Sweden. Mr Smith is also Deputy Chairman of Hong Kong listed resources investment company APAC Resources, and Non-Executive Director of Australian Securities Exchange listed companies Tanami Gold, Prodigy Gold and Metals X. Mr Smith’s qualifications include a Bachelor’s Degree in Chemical Engineering (Hons), a Master’s Degree in Business Administration and a Master’s Degree in Research Methodology.

Drew Speedy

Chief Financial Officer

Mr Drew Speedy was appointed CFO in May 2019. Mr Speedy has held numerous finance roles within ASX listed resources companies over the past 15 years.Prior to his appointment as CFO, Mr Speedy had consulted to Elementos.

Profile

Drew Speedy

Chief Financial Officer

Mr Drew Speedy was appointed CFO in May 2019. Mr Speedy has held numerous finance roles within ASX listed resources companies over the past 15 years, most recently, serving as CFO and Company Secretary of UIL Energy Ltd until its (Board Recommended) takeover by Strike Energy Ltd. Prior to that he was Financial Controller of Bow Energy Ltd until its sale to Arrow Energy and has held senior finance roles with other companies including Arrow Energy, Blue Energy, and Queensland Gas Company during its market capitalisation growth phase from $20 million to ~$2 billion.

Prior to his appointment as CFO, Mr Speedy has been assisting Elementos in a consulting capacity, finalising the due diligence and acquisition of the Oropesa Tin Project in Spain. Mr Speedy has a Bachelor of Business from the Queensland University of Technology, and is a member of the Certified Practicing Accountants and the Governance Institute of Australia

Duncan Cornish

Company Secretary

Duncan is an accomplished, highly regarded corporate administrator and manager, with more than 20 years’ experience in pivotal management roles including capital raisings and stock exchange listings.

Profile

Duncan Cornish

Company Secretary

Duncan is an accomplished, highly regarded corporate administrator and manager, with more than 20 years’ experience in pivotal management roles including capital raisings and stock exchange listings for companies on the Australian, Alternative Investment Market of the London Stock Exchange and the Toronto Stock Exchanges.

Projects

Oropesa Tin Project

Elementos completed the acquisition of the Oropesa tin project (Oropesa) in Spain in January 2020 and it is now focused on developing the project, with a Definitive Feasibility Study underway based on a 1.25Mtpa project capable of producing up to 3,350 tonnes of contained tin per year.

Key Features:

  • Optimisation Study demonstrated robust economics for a low-cost tin project

  • Support from the Andalucian Government – project assigned to its “Project Accelerator Unit” for accelerated and streamlined regulatory assessment and processing

  • A large, well-defined resource of 18.86Mt at 0.40% Sn – globally significant with strong opportunities for resource expansion

  • Open-cut potential – amendable to simple drill and blast, truck and shovel open cut mining operation

 

Cleveland Tin Project

Elementos owns 100% of the Cleveland Tin Project, 80km southwest of Burnie in Tasmania, following a merger with Rockwell Minerals Limited in 2013. Cleveland operated as an underground mine from 1968 to 1986 and has a significant endowment of tin-copper tailings and open-cut and underground JORC Mineral Resources, with a large, separate tungsten porphyry target.

Key Features:

  • A historic mine that boasts excellent power, water and transport infrastructure

  • Strategic review of Cleveland to assess techno-economic possibilities of restarting operations is underway

  • Elementos is drilling at Cleveland to test for tin and copper mineralisation along strike and northeast of the existing mine

 

Milestones

Historical Milestones

Drilling program approved and underway at Cleveland Tin Project
Received Andalucian Government support for Oropesa Tin Project – assigned to its “Project Accelerator Unit” for streamlined regulatory assessment and processing
Finished optimisation study to confirm the size and scale of the Oropesa Tin Project for the DFS
Oropesa feasibility development programs significantly progressed to further mature project data for DFS

Future Milestones

Results from Cleveland drilling program
Oropesa Definitive Feasibility Study (DFS) due in early CY2023

Investors Capital Raise

Capital Raises

Oropesa Tin Project
|Apr 2021

To progress the development of its wholly-owned Oropesa Tin Project in Spain after receiving firm commitments from institutional, sophisticated and accredited investors.

Raised $6.1 m
Offer Price 0.01
Notes

Resources

Half Yearly Report ending Dec 2021

09 Mar 2022 | Report
PDF (2061.4 KB)

Quarterly Activities Report ending Dec 2021

31 Jan 2022 | Report
PDF (841.7 KB)

Add ELT to your Watchlist