ELEMENTOS LIMITED — Investor Presentation 2012

Apr 15, 2012

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elementos.com.au
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APRIL 2012

ASX Code: ELT

Investor Presentation Exploring in the shadow of giants

Three Major Copper-Gold Provinces

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More than 1,000km² of exploration acreage

Australia – Mt Isa Inlier MILLENIUM (100%)– 248km² SELWYN SOUTH (100%) –109km²

Chile – Regions II and IV MERCEDES (option for 90%) - 298km² TAMAYA (Earn-in for 50%) – 69km²

Brisbane (head office)

MANANTIALES (option for 100%) - 97km² SANTO DOMINGO (option for 100%) - 250km²

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Chile

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Premier exploration investment destination

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Excellent infrastructure Politically stable Pro-mining jurisdiction Attractive tax and royalty regime ~ 35% of world copper production

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Mercedes

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~20% of world copper production from this district Three of the world’s largest copper mines

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Mercedes

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Close to exploration and mining infrastructure

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8,589 ha mining leases and applications

21,200 ha exploration leases and applications

Mercedes

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Mecha prospect mineralisation

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Artisanal mining of copper oxides exposed by erosion of the ignimbrite cap

Styles of mineralisation

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1. Manto-style

2. Structurally-hosted

3. Breccia

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Mercedes

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Elvira porphyry prospect

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Pink soil = porphyry bodies
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Upper part of porphyry in contact with the volcanics above

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Cuprite, bornite and chalcopyrite

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Porphyry hosted mineralisation - selective sample assayed 1.59% Cu & 0.6g/t Au

Mercedes

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Early results highlight high-grade copper potential

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Mercedes

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Aero-magnetometry 3D interpretation

Marcelita

Elvira

Mecha oxide structures

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Mercedes

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Progressive exploration activities

Sampling

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 Mapping

• Sampling

• Trenching

• Alteration

Drilling

Geophysics

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 Aero-mag

• Approvals

 IP

• Drilling

• CSAMT

• Resource

• Define targets  Reserve

Resources

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• Metallurgy

• Geotechnical

• Environmental

• Scoping study

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Tamaya

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Re-emerging historical mining district

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Tamaya

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Large tenement package close to infrastructure

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Tamaya

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Historical production reportedly 2Mt @ 12% copper

Historic tailings dam and plant site

Main exploration target – 4 kms

Mineralised waste from old workings

Extensive existing road network

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Tamaya

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Historical waste = potentially economic today

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Waste dump samples assayed between 1.8 - 3.8% Cu

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Rhyolite sample assayed 1.4% Cu and quartz veins in dumps 1.2-3.8% Cu

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Tailings dam assay 0.57% Cu

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Tamaya

Main high-grade copper vein system

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Main six metre width vein system – steeply dipping to the west

Two metre altered and mineralised wall rock (either side of vein)

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Tamaya

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Three mineralisation styles identified on the surface

Manto (bulk tonnage potential) – sample assayed 1.4% copper

Hydrothermal Main high-grade breccia vein structure

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Tamaya

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Geophysics highlights main structures

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Main high-grade copper vein
Sub-parallel and cross-cutting structures
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Tamaya

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Geophysics highlights large anomaly at depth – porphyry?

Main high-grade copper vein Main high-grade copper vein

Major anomaly at depth

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Tamaya

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Progressive exploration activities

Sampling

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• Mapping

• Sampling

• Trenching

Drilling

Geophysics

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• Ground-mag  Approvals

• Drilling

• IP

• Define targets  Resource

• Reserve

Resources

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• Metallurgy

• Geotechnical

• Environmental

• Scoping study

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San Juan - Argentina

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World-class copper-gold province

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Manantiales

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Emerging epithermal gold district

Troy Resources Ltd October 2011 NI 43-101. Note: These resources are not assets of the company and their proximity to the company’s projects should in no way be taken as indicative that the Company will be able to successfully develop a resource.

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Troy Resources modern Casposo gold processing plant

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Manantiales

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7,500m of drilling completed and new holes in progress

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Manantial vein

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Manantiales

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Discovering a large mineral system

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Manantiales

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Generalised longitudinal section, comparing to Casposo

Manantiales Project

High-level in the epithermal system

 High gold and low silver

Casposo Mine ³

Mid-level in the epithermal system  High gold and high silver

500 metres

Grade x apparent width in metres - > 5 g/t gold ¹

Grade x true width contour - > 5 g/t gold ²

¹ Based on Elementos’ exploration results. This is not, nor does it imply the existence of, a defined resource. ² >5 g/t x metre gold equivalent contour for the Casposo deposit (as per Troy Resources Ltd October 2011 NI 43-101).

³ Note: These resources are not assets of the company and their proximity to the company’s projects should in no way be taken as indicative that the Company will be able to successfully develop a resource.

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Manantiales

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Manantial Este vein system remains undrilled

Manantial

• IP geophysics resistivity low

• 1.4 kilometres long

• Drilling underway

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Manantial Este

• IP geophysics resistivity low

• 1.8 kilometres long

• Future drill target

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Manantiales

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Progressive exploration activities

Sampling

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• Mapping

• Sampling

• Trenching

Drilling

Geophysics

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• Ground-mag  Approvals

• IP

• Drilling

• Define targets  Resource

• Reserve

Resources

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• Metallurgy

• Geotechnical

• Environmental

• Scoping study

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Santo Domingo

elementos.com.au Two styles of mineralisation – porphyry and shear hosted

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Santo Domingo

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Divisoria porphyry depth potential highlighted by geophysics

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Chargeability High
3D IP
Anomaly
PDIP plan-section (150 metre cut)
N
200 metres
~300m
depth Open to depth
N
NW SE
Resistivity Moderate ~700m
depth
Gold-copper
surface zone
2D AMT
Resistivity Low Anomaly
000 metres
,
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Mt Isa Minerals Province

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Major base metal mines and deposits

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Mt Isa Minerals Province

elementos.com.au Land positions on mineralised trends near major deposits

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Corporate

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Capitalisation and ownership

• 82.4M shares

• Market cap $13M

 9.7M unlisted options

• Cash $4M

• Shareholders:

• Enterprise value $9M

 Directors - 20%  Top 20 - 49%

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The Team

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Significant South American experience

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Corey Nolan Managing Director

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Anthony McLellan Chairman

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Mark McCauley Director

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James Calaway Director

Andean geological expertise and experience

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Alistair Grahame Exploration Manager

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Gustavo Delendatti South America Exploration Manager

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Andrew Shaw Geological Consultant - Chile

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Neil Stuart Technical Consultant

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Summar y

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Contacts and Disclaimer

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Elementos Limited

Level 8, 26 Wharf Street Brisbane, Queensland, Australia www.elementos.com.au

ACN 138 468 756 tel: +617 3221 7770 fax: +617 3221 7773

For enquiries regarding this presentation please contact: Corey Nolan – Managing Director email: admin@elementos.com.au

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 Alistair Grahame, a member of the Australian Institute of Geoscientists. Mr Grahame is a full-time employee 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 it is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ Mr Grahame consents to the inclusion in the report of the matters based on his information in the form and context

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