ELEMENTOS LIMITED — Investor Presentation 2010

Nov 29, 2010

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

----- Start of picture text -----

INVESTOR PRESENTATION
Positioned for Growth
----- End of picture text -----

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

30 N ovem b er 2010 ASX Code: ELT

First Year Hi hli hts g g

• Completed IPO - raised $8.25 million

• Established experienced exploration teams

• Drill tested two vein systems at Manantiales:

• High-grade gold-silver system identified at Manantial

• Two new discoveries at Santo Domingo:

• Yvette high-grade silver vein system

• Divisoria gold-copper porphyry system

• Acquired large tenement position at Millenium

• Corporate development strategy active in South America

• Divested non-core assets

• Strong cash position…..positioned for growth

Cor orate Overview p

Australian based, ASX-listed, exploration company exploring for copper and gold in world class mineral provinces in Argentina and Australia

	Ordinary shares¹ 54 million Unlisted options 8.3 million ²	Ordinary shares¹ 54 million Unlisted options 8.3 million ²	Ordinary shares¹ 54 million Unlisted options 8.3 million ²
	Ordinary shares¹	54 million
	Unlisted options	8.3 million
	²
	Shareprice	A$0 25 .
	Market cap.	A$13.5 million
	Cash³	A$5.5 million
	Enterprise value	A$8 million
	Top 20 shareholders	43%

1. 48 million tradeable until Dec 2012

2. Close on 26 November 2010

3. September 2010 Quarterly Cashflow report

A Clear Strate gy

Elementos’ vision is to create shareholder value through the exploration and discovery of economic mineral deposits, and realise this value through development

1. Targeting resources in world class mineral provinces

• Andes mountains

• Mt Isa Inlier

2. Focused on commodities with sound long term fundamentals

• Copper and gold

3. Leveraging geological expertise and experience

• -

• Discovering and developing low sulphidation epithermal deposits

• • Monetising porphyry deposits through partnerships with majors

4. Transacting value-adding merger and acquisition opportunities

• Acquiring assets early in the discovery to development life cycle

• Significant geological potential and attractively priced

Projects

Four projects in three mineral provinces in two countries

Australia – Mt Isa Inlier

• World class Cu/Au/Pb/Zn province

• Millenium copper-cobalt project

• Consolidating tenement position in prospective Cu-Co-Au district

Argentina – San Juan

• World class Au/Cu province

• Manantiales low-sulphidation epithermal gold-silver project

• Santo Domingo mineral district:

• Yevtte high-grade polymetallic veins

• Divisoria gold-copper porphyry

Australia – New England Fold Belt

• Au/Mo/Sb/Sn province

• Cathedral Rocks gold and base metal project

• Focused on target generation in the vicinity of established Hillgrove Au/Sb mine

Brisbane head office

San Juan exploration office

Project

San Juan Province

==> picture [720 x 399] intentionally omitted <==

----- Start of picture text -----

�
�
� �
�
�
� �
----- End of picture text -----

• http:/ /wwwyamana.com/Operations/ProducingMines/Gualcamayo/default.aspx

• http:/ /wwwminandes.com/s/LosAzules.a sp

• http:/ /wwwxstratacopper.com/EN/Operations/Pages/ElPachon.aspx

• Antofagasta plc Annual Report and Financial Statements 2009

• Barrick Financial Report 2009, Mineral Reserves and Mineral Resources

• �Troy Resources NL: Technical Report Casposo Project, May 2010

• wwwperegrinemetals.ca

Note: These mines and resources are not assets of the company and their proximity of the company’s projects should in no way be taken as indicative that the company will be able to successfully develop the Manantiales and Santa Domingo projects.

Manantiales

Emerging gold district

• Large district of gold-silver epithermal vein mineralisation

• Low level of modern exploration

==> picture [281 x 78] intentionally omitted <==

==> picture [281 x 78] intentionally omitted <==

==> picture [281 x 78] intentionally omitted <==

==> picture [281 x 66] intentionally omitted <==

• ²

• ELT tenement o h ldi ngs – 97 k m

• Adjacent to Casposo project:

• ~0 . 4Moz Au & 17Moz Ag resource(1)

• 400,000 tonne per year processing plant

• Ex ce ll e nt r eg i o n a l infr as tr uc t u r e : Calingasta town, water, labour & power

• 2 hour drive on sealed road from San Juan

• Low seasonality – lower Andes area

(1)Troy Resources NL: Technical Report Casposo Project, May 2010

Manantiales

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

ELT’s first year exploration activities

==> picture [352 x 78] intentionally omitted <==

==> picture [352 x 39] intentionally omitted <==

• Early-stage focus on Manantial and Julieta Norte vein targets

• Drill tested the Manantial and Julieta Norte veins in August 2010

• New targets at La Puerta and Manrique

Manantiales

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

==> picture [608 x 78] intentionally omitted <==

==> picture [608 x 78] intentionally omitted <==

==> picture [608 x 8] intentionally omitted <==

2010 drilling program

• 19 hole (1,600m) diamond drill program completed Oct 2010

• High-grade gold-silver zone commencing 49 metres below surface

• Strike length of 80m N-S, widths 4.5-12.5m increasing with depth

Manantiales

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 155] intentionally omitted <==

High-grade gold-silver vein at Manantial

• Deeper holes: 19, 14 and 2 intersected high grade gold zone

• System open to the north and south along strike and to depth

• Potential for a large epithermal system at depth

Manantiales

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

==> picture [615 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

New phase of drilling

• 3000m drilling program proposed 2Q calendar 2011

• Three targets – Manantial, Julietta Norte, and La Puerta

• Regional target generation – La Puerta group and Manrique

Santo Domingo

Potentially major new minerals district

• Tenement package – 250 km²

• Two hour drive east of San Juan

==> picture [313 x 78] intentionally omitted <==

==> picture [313 x 78] intentionally omitted <==

==> picture [313 x 78] intentionally omitted <==

==> picture [313 x 62] intentionally omitted <==

• Well supported by infrastructure

• Option to Purchase re-negotiated in Oct 2010 and extended another five years

• Historical mining district

• Li m it e d prev ous mo i d ern exp ora l ti on

• ELT exploration activities focused on target generation using satellite i i d li f magery, mapp ng an samp ng o

• prospect areas

12

Santo Domingo

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

==> picture [528 x 53] intentionally omitted <==

Emerging as a new mineralised district

• Two styles of mineralisation identified in the 2010 field season:

• 1) Yvette high-grade silver-polymetallic veins; and

• 2) Divisoria gold-copper porphyry

• Exploration at El Arriero and Alunita on-going

Santo Domingo

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 155] intentionally omitted <==

Yvette silver veins

==> picture [392 x 44] intentionally omitted <==

• Low-sulphidation epithermal silver, lead, zinc and gold veins

• Peaks of 3,552g/t Ag, 24% lead, 16% Zinc and 7.3g/t gold

• Mineralisation identified over 2.5 kilometre strike length

14

Santo Domingo

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 155] intentionally omitted <==

Divisoria Au/Cu porphyry system

• Widespread disseminated porphyry gold-copper mineralisation • Small high-grade gold-copper-polymetallic veins and breccias

• Strong porphyry-related, zoned alteration system

• May represent margin of a large, high grade system at depth

15

Santo Domingo

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 155] intentionally omitted <==

On-going exploration activities

• •Geophysics program to identify targets at depth

•Expand the size of the Yvette and Divisoria mineralisation •Regional exploration across tenement package – 250 km² •Drilling proposed at Yvette 2011

Millenium

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 155] intentionally omitted <==

==> picture [573 x 17] intentionally omitted <==

World class minerals province

• Copper (Mt Isa) , Silver (Cannington) , Zinc/Lead (Mt Isa , Century)

• Recent discoveries including Rocklands, Merlin and Barbara

• Mining, transport & processing infrastructure

17

Millenium

Consolidated a strategic tenement position

==> picture [326 x 78] intentionally omitted <==

==> picture [326 x 78] intentionally omitted <==

==> picture [326 x 78] intentionally omitted <==

==> picture [326 x 38] intentionally omitted <==

• Option to acquire 5 contiguous Mining Licenses

• Applied for 154 km² of new exploration tenements

• New tenements cover major structural corridor

• Strategy to expand size of the previously drilled Cu-Co mineralisation

• Drilling program proposed first half of 2011

18

Cathedral Rocks

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 155] intentionally omitted <==

Early stage results encouraging

• 25 kilometres east of the Hillgrove gold and antinomy mine#

• Surface sampling with anomalous gold and base metals

• Potential for an intrusion-related gold system

6.25Mt @ 4.3g/t Au and 1.6% Antinomy - wwwstraits.com.au

19

Cor orate Develo ment p p

Strategy

• Early stage assets

• Significant geological potential

• Attractively priced for ELT shareholders

Top mining jurisdictions - Chile and Peru

• Geologically prospective – western Andes

• Established regulatory environment

• Long standing mining culture

• Excellent infrastructure

• E xper ence i d wor kf orce

==> picture [204 x 78] intentionally omitted <==

==> picture [204 x 78] intentionally omitted <==

==> picture [204 x 77] intentionally omitted <==

• Political stability

20

Directors & technical team

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

Corey Nolan Anthony Neil Stuart Mark Alistair Gustavo Managing McLellan Director McCauley Grahame Delendatti Director Chairman Director Exploration & South America Develo p ment Exploration Manager Manager

• Technical , managerial and capital markets experience

• Involved in the acquisition, exploration, development and operation of world class projects in South America and Australia

• Proven exploration expertise through involvement at Cerro Negro, Cerro Moro, Caspiche, Don Sixto, and El Quevar

Summar y

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

==> picture [720 x 78] intentionally omitted <==

----- Start of picture text -----

• World class projects in world class minerals provinces
• Major phase of drilling to commence in 2011
----- End of picture text -----

==> picture [720 x 78] intentionally omitted <==

----- Start of picture text -----

• Low enterprise value, high leverage to exploration success
• Well funded with A$5.5 million cash at bank
----- End of picture text -----

==> picture [720 x 78] intentionally omitted <==

----- Start of picture text -----

• ELT has the opportunity, expertise and people to execute
----- End of picture text -----

22

Ke Contacts y

Elementos Limited

Level 1, 349 Coronation Drive, Milton, Brisbane , Queensland , Australia tel: +617 3871 3985 fax: +617 3720 9888 web: www.elementos.com.au

For enquiries regarding this presentation please contact: Corey Nolan – Managing Director email: cn@elementos.com.au tel: +617 3871 3985

Competent ersons tatementP S

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Neil Stuart a fellow of the Australasian Institute of Mining and Metallurgy. Mr Stuart is a Director of Elementos Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘ Australasian Code for Reporting of Exploration Results , Mineral Resources and Ore Reserves.’ Mr Stuart consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.