ELEMENTOS LIMITED - Investor Presentation 2011

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15 MARCH 2011

INVESTOR PRESENTATION

Attached is the latest Investor Presentation – Growth through discovery, acquisition and development .

Paul Crawford Company Secretary (+61) 7 3871 3985

Elementos is an Australian, ASX-listed, exploration company, with a number of projects in Argentina and Australia, which offer an attractive investment environment. The properties are all in mineral rich, highly prospective provinces, with developed infrastructure nearby.

Please visit us at www.elementos.com.au

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INVESTOR PRESENTATION
Growth through discovery,
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acquisition and development
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15 M arc h 2011 ASX Code: ELT

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 81.9 million Unlisted options² 10.3 million Share price³ A$0.285 Market cap. A$23 million Cash[4] A$12 0. million Top 20 shareholders 47%

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1. & 4. Pro-forma based on completion of a private placement to be approved by shareholders at an EGM on 28 March 2011 – 5.8 million shares @ $0.26 to raise $1.5 million

2. Pro-forma based on shareholder approval for 1 million options to James Calaway 3. Close on 14 March 2011

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 world class mineral provinces

Andes mountains and Mt Isa Inlier

2. Focused on commodities with sound long term fundamentals

C d ld opper an go

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

Argentina – San Juan

� World class Au/Cu province

Manantiales low-sulphidation epithermal gold-silver project
� Santo Domingo mineral district:
Yvette 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

Brisbane head office

San Juan exploration office Project

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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
http // www .peregrine.metals.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

L arge di s t r c i t o f go ld -s il ver ep ith erma l vein mineralisation

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•Low level of modern ex loration p
•Tenement package – 97 km²
•Ad j acent to Cas p oso p ro j ect:
~0.4Moz Au & 19Moz Ag resource[(1)]
400kt/yr CIP processing plant
•Excellent regional infrastructure
•2 hour’s drive from San Juan
•Low seasonality – lower Andes area

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

Manantiales

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Growing number of vein targets

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Earl y -sta g e focus on Manantial and J ulieta Norte vein tar g ets
Drill tested the Manantial and Julieta Norte veins in August 2010
Defined a new drill target at La Puerta and La Puerta East

Manantiales

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2010 drilling program

19 hole ( 1,600m ) diamond drill p ro g ram com p leted 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

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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

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2011 drilling program

4,000m drilling commenced March 2011 (option for another 1,000m)
Three drill targets – Manantial, Julietta Norte and La Puerta
Regional target generation – La Puerta group and Manrique

Santo Domingo

Potentially major new minerals district

Large tenement package – 250 km²

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Two hour drive east of San Juan Well supported by infrastructure Historical mining district with limited previous modern exploration
Target generation using satellite imagery, mapping and sampling of prospect areas

Santo Domingo

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Two styles of mineralisation identified

Yvette high-grade silver-polymetallic veins
Divisoria and El Arriero gold-copper porphyry systems

Santo Domingo

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Yvette silver veins

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• 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

Santo Domingo

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Divisoria Au/Cu porphyry

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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

Santo Domingo

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On-going exploration activities

•Yvette – identifying and sampling veins to the north along strike •Divisoria and Yvette – planning geophysics to identify targets at depth •On-going sampling at the porphyry targets
•Drill testing primary targets during the second half 2011

Millenium

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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

Millenium

Consolidating a strategic tenement position

Option to acquire five contiguous Mining Licenses

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248 km² of new exploration permit applications
Tenements cover major structural corridor
Strategy to expand size of the previously drilled copper-cobalt mineralisation
Test for the presence of rare earths following recent nearby discoveries

Millenium

Historical drilling analysis

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•Thick zone of cobalt mineralisation from close to sur f ace
Cobalt high value metal; potential copper credit
Positive historical metallurgical test work
•Historical data analysis completed
•Planning for 2011 field season including drilling

Cathedral Rocks

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Early stage results encouraging

25km east of the Hillgrove gold and antinomy mine
Surface sampling with anomalous gold and base metals (Pb/Zn/Mo)
Potential for an intrusion-related gold system

Cor orate Develo ment p p

Strategy

Early stage assets in Argentina , Chile and Peru
Significant geological potential
Attractively priced for ELT shareholders

Top mining jurisdictions - Chile and Peru

Geologically prospective
Established regulatory environment
Long standing mining culture
Excellent infrastructure
E xper ence i d wor kf orce

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Political stability

Directors & technical team

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Corey Nolan Anthony McLellan Neil Stuart Managing Director Chairman Director

Mark McCauley James Calaway Director Director

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Alistair Grahame Gustavo Delendatti Exploration Manager South America Exploration Manager

Wide experience with a track record of success 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

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• World class projects in world class minerals provinces
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• Low enterprise value, high leverage to exploration success
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• ELT has the opportunity, expertise and people to execute
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Contacts and Disclaimer

Elementos Limited ACN 138 468 756 Level 1, 349 Coronation Drive, Milton, tel: +617 3871 3985 Brisbane, Queensland, Australia fax: +617 3720 8988 web: www.elementos.com.au

For enquiries regarding this presentation please contact: Corey Nolan – Managing Director email: [email protected] tel: +617 3871 3985

Forward Looking Statements

This presentation may contain certain forward looking statements. Such statements are only predictions, based on certain assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond Elementos Limited’s control.
Actual events or results may differ materially from the events or results expected or implied in any forward looking statement.
The inclusion of such statements should not be regarded as a representation, warranty or prediction with respect to the accuracy of the underlying assumptions or that any forward looking statements will be or are likely to be fulfilled.
Elementos Limited undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this presentation (subject to securities exchange disclosure requirements).
The information in this presentation does not take into account the objectives, financial situation or particular needs of any person. Nothing contained in this presentation constitutes investment, legal, tax or other advice.

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.

AI assistant

ELEMENTOS LIMITED — Investor Presentation 2011

64837_rns_2011-03-14_1e320f0d-6092-4fa1-bc98-2a2e3247e310.pdf

INVESTOR PRESENTATION

Cor orate Overview p

A Clear Strate gy

1. Targeting world class mineral provinces

2. Focused on commodities with sound long term fundamentals

3. Leveraging geological expertise and experience

4. Transacting value-adding merger and acquisition opportunities

Projects

Australia – Mt Isa Inlier

Australia – New England Fold Belt

Manantiales

Emerging gold district

Manantiales

Growing number of vein targets

Manantiales

2010 drilling program

Manantiales

Manantiales

2011 drilling program

Santo Domingo

Potentially major new minerals district

Santo Domingo

Two styles of mineralisation identified

Santo Domingo

Yvette silver veins

Santo Domingo

Divisoria Au/Cu porphyry

Santo Domingo

On-going exploration activities

Millenium

World class minerals province

Millenium

Consolidating a strategic tenement position

Millenium

Historical drilling analysis

Cathedral Rocks

Early stage results encouraging

Cor orate Develo ment p p

Strategy

Top mining jurisdictions - Chile and Peru

Directors & technical team

Summar y

Contacts and Disclaimer

Forward Looking Statements

Competent Persons Statement

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ELEMENTOS LIMITED Investor Presentation 2011