ELEMENTOS LIMITED — Investor Presentation 2010

Jun 10, 2010

ASX Code: ELT 11 June 2010

Corporate Overview

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

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• IPO 23 Dec 2009

• 54M shares on issue

• A$7.2M cash

• Share price of A$0.17*

• Market Cap A$9.2M

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*** close on 11 June 2010**

Board & Executive Team

Corey Nolan Tony McLellan Neil Stuart Managing Chairman Director Director

Alistair Grahame Gustavo Delendatti Exploration & Argentina Exploration Development Manager Manager

Key management

• Technical, managerial and capital markets experience

• Experience operating and exploring in Argentina

• Involved in acquisition and development projects in Argentina

• Established geological team based in San Juan

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San Juan Minerals Province

• Pro-mining jurisdiction highly supportive government

• Growing gold production

• Veladero and Gualcamayo

• Several gold & copper deposits in development or at feasibility

• Pascua-Lama, Casposo, Los Azules, and El Pachon

• Corporate tax – 35% fixed for 30 years

• Provincial royalty – 3%

• Well developed infrastructure

• roads, power, water, airports, skilled labour, and technical

support

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San Juan Province

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• http://www.yamana.com/Operations/ProducingMines/Gualcamayo/default.aspx

• � http://www.minandes.com/s/LosAzules.asp

• http://www.xstratacopper.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

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.

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Elementos Target Deposit Types

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• Epithermal vein deposits in Argentina

• Producing - Gualcamayo, Cerro Vanguardia, San Jose

• Feasibility and development - Cerro Negro, Cerro Moro

NOTE: This model is purely conceptual in nature and may not apply to the Manantiales project as there has been insufficient exploration to define this or any resource and it remains uncertain whether further exploration will result in the determination of a resource or if determined, whether the resource will be economically viable.

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Manantiales

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Emerging gold district

• Large district of gold-silver epithermal vein mineralisation

• Under explored district with growing exploration presence

• ELT tenement holdings – 100 sq km

• Adjacent Troy’s Casposo mine:

• ~0.4Moz Au & 17Moz Ag resource in development(1)

• 400,000 tonne per year processing plant

• Excellent regional infrastructure: Calingasta town, water, labour & power

• 2 hour’s drive on sealed road to San Juan

• Low seasonality – lower Andes area

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

Manantiales

Early exploration success

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• EIA approved in June 2010 for Manantiales property

• High grade gold surface intercepts at Manantial and Julieta Norte

• Two major vein systems sufficiently defined for drilling

• Phase 1 drilling – up to 1,500 metres commencing June 2010

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Manantiales

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Manantial vein

• 215 saw cut samples completed

• Discrete outcropping veins over 880 metres north-south strike, true width varies between 0.5 – 5.0 metres, and dipping 70-80 degrees to the east. Includes 300 metre higher grade zone

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• Low silver grade indicates shallow level of epithermal system

Manantiales

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Manantiales drilling progam

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Stockwork
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• First phase diamond drilling up to 1,500 metres to test Manatial and Julieta Norte veins

• Shallow and deep holes up to 120 metres depth

NOTE: This model is purely conceptual in nature and may not apply to the Manantiales project as there has been insufficient exploration to define this or any resource and it remains uncertain whether further exploration will result in the determination of a resource or if determined, whether the resource will be economically viable.

Manantiales

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Julietta Norte vein

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• 36 saw cut samples completed. Further results pending

• Outcropping vein over 175 metres north-west strike, true width varies between 0.5 – 3.0 metres, and dipping 65-75 degrees to the south-west. Includes 75 metre higher grade zone

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• Low silver grade indicates shallow level of epithermal system

Manantiales

La Puerta vein

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• 20 saw cut samples completed. Further assays pending

• Outcropping veins over 200 metres east-west strike, true width varies between 0.5 – 2.0 metres, and dipping 70-75 degrees to the north

• Vein is in early stages of testing with potential for expansion

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Santo Domingo Targeting copper-gold porphyry systems

• •Historical mining district with limited modern day exploration

• Large tenement package – 250 sq kms

• Targeting a potential belt of porphyry mineralisation which is analogous to the Alumbrera deposit to the north

• Two hour’s drive east of San Juan

• Well supported by infrastructure

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Santo Domingo

Three targets to test

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• First stage field program identified three main targets

• Terra-spec SWIR survey – confirmed oxidised porphyry alteration

• Detailed sampling program at El Arriero Nov 2009

• Project-scale target generation program commenced

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Santo Domingo

El Arriero exploration target

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• •Exposed area >2 sq km of alteration

• •Visible copper over extended areas

• •Surface sample grades up to 4.6g/t Au, 36g/t Ag and 900ppm Mo

• •Large exploration target

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Santo Domingo

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On-going 2010 exploration activities

• New project access and field camp completed June 2010

• Comprehensive mapping and sampling program underway at El Arriero extension, Divisoria and Alunita

• Deep penetration geophysics

• Drilling of the most attractive targets

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Summar y

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• World class portfolio of exploration projects
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Key Contacts

Competent Persons Statement

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.

Elementos Limited Corey Nolan – Managing Director Level 1, 349 Coronation Drive, Milton, Brisbane email: cn@elementos.com.au Queensland, Australia tel: +617 3871 3985 tel: +617 3871 3985 mob: +61 407 772 714 fax: +617 3720 9888

web: www.elementos.com.au

Neil Stuart – Non Executive Director email: ns@elementoscom.au tel: +617 3871 3985 mob: +61 417 769 972

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