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INVESTOR PRESENTATION
New Funding to Fast-track the 2011
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Exploration and Acquisition Program
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10 J 2011 anuary 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 81.8 million Unlisted options 10.3 million Share price² A$0.32 Market cap. A$26 million Cash³ A$12 0. million Top 20 shareholders 43%

1. Pro-forma based on completion of placements and rights issue 2. Close on 7 January 2011

3. Pro-forma based on completion of placements and rights issue

Ca ital Raisin p g

Capital raising to fast-track an aggressive exploration and acquisition program including:
Private placement to strategic investors raising $3.6M
Existing shareholders to participate through a $3.6M, pro-rata, non.
renounceable rights issue on a 1:4 48 basis
Pricing $0.26/s – 14 day VWAP when board approved. No brokerage or advisor fees payable
New strategic investors supporting company’s strategy:
Andes Investors LLC, a Texas based investment company associated with James Calaway, is subscribing for 8.1M shares
Resource industry investment specialists John Rawlins and Ian McCauley subscribing for 5.8M shares

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New Ca ital Structure p

Ordinary shares pre-raising

54 million

15% placement to Andes Investors ¹ 8.1 million - ² Additional private placement 5 . 8 million - Proposed rights issue [3] 13.9 million Total ordinary shares 81.8 million Market capitalisation @ $0.32/s A$26 million Cash at bank A$12 million
(1) Issued on 15 January 2011
(2) Subject to shareholder approval at EGM in late February 2011
(3) Based on 100% allocation of all the share rights

Ri hts Issue Timetable g Rights issue prospectus lodged with ASIC/ASX

Rights issue prospectus lodged with ASIC/ASX 17 January N o ti ce w ith i n f orma ti on on Ri g ht s ssue sen I t t o 21 January shareholders Shares commence trading on ASX on an ex rights basis 24 January Record date for participation in rights issue 31 January Prospectus dispatched to shareholders 4 February Closing time and date for acceptance and payment 18 February in full under the rights issue (5PM EST) Shares quoted on a deferred settlement basis 21 February Allotment of new shares and dispatch of shareholder 23 February Statements for new shares Normal trading commences for new shares on the ASX 24 February

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

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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
www peregrinemetals.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

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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

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ELT’s first year exploration activities

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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

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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

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High-grade gold-silver vein at Manantial

Dee p er holes: 19, 14 and 2 intersected hi g h g rade g old 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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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

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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

Santo Domingo

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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

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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 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

Santo Domingo

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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

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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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Applied for 248 km² of new exploration tenements
N ew tenements cover ma or j structural corridor
Strate to ex and size of the gy p
previously drilled copper-cobalt mineralisation
Drilling program proposed first half of 2011

Cathedral Rocks

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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 gold and 1.6% antinomy – www straits.com.au

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 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

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• World class projects in world class minerals provinces
• Major phase of drilling to commence in 2011
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• Low enterprise value, high leverage to exploration success
• Well funded with A$12M cash post the capital raising
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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_2011-01-09_aa935d27-dd26-43ce-820d-82250e4c01eb.pdf

Cor orate Overview p

Ca ital Raisin p g

New Ca ital Structure p

Ri hts Issue Timetable g Rights issue prospectus lodged with ASIC/ASX

A Clear Strate gy

2. Focused on commodities with sound long term fundamentals

3. Leveraging geological expertise and experience

4. Transacting value-adding merger and acquisition opportunities

Projects

Four projects in three mineral provinces in two countries

Australia – Mt Isa Inlier

Australia – New England Fold Belt

Manantiales

Emerging gold district

Manantiales

ELT’s first year exploration activities

Manantiales

2010 drilling program

Manantiales

High-grade gold-silver vein at Manantial

Manantiales

New phase of drilling

Santo Domingo

Potentially major new minerals district

Santo Domingo

Emerging as a new mineralised district

Santo Domingo

Yvette silver veins

Santo Domingo

Divisoria Au/Cu porphyry system

Santo Domingo

On-going exploration activities

Millenium

World class minerals province

Millenium

Consolidating a strategic tenement position

Cathedral Rocks

Early stage results encouraging

6.25Mt @ 4.3g/t gold and 1.6% antinomy – www straits.com.au

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

More from ELEMENTOS LIMITED

ELEMENTOS LIMITED Investor Presentation 2011