ELEMENTOS LIMITED — Board/Management Information 2015

Nov 4, 2015

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5 November 2015

STATEMENT FROM THE CHAIRMAN

Dear shareholder,

You will, by now, have seen the statement last week announcing my election as nonExecutive Director and appointment as Chairman of our company. And yesterday, you would have seen the announcement of Chris Dunks’ election as a non-executive Director.

I have been a major shareholder in Elementos for a long time (as has Chris) and am currently the Company’s largest shareholder with a 21.4% stake. Given my recent retirement after 35 years in a senior executive role with the globally respected engineering, construction, and project management group, Bechtel, I now have the availability and experience to be more closely engaged in the affairs of Elementos. Becoming a Director and Chairman allows me to do that.

I am both excited and enthusiastic about the journey in front of us. I think Cleveland is of a calibre and right commodity sector that will attract ongoing market interest as it advances and I am committed to getting our Company into commercial mining operations, and executing a strategy genuinely able to deliver value to shareholders.

Our primary focus will remain on the staged development of our Cleveland tin, copper and tungsten project in northeast Tasmania; of getting to positive cash flow in the shortest possible time; on working with our host-communities and other stakeholders in an open and positive way for mutual advantage; and in engaging with appropriate industry partners to move quickly to profitable operations.

I am excited about working with you, our shareholders – and with your Board and CEO, Tim McManus, to deliver what would be the first new tin project in Australia for some years. I commit to you that the Board, and I as Chairman, will continuously inform shareholders as we go about this journey.

Sincerely,

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Andy Greig Chairman Phone: +61 7 3221 7770 Email: admin@elementos.com Please visit us at: www.elementos.com.au

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