ELEMENTOS LIMITED — Investor Presentation 2014

Nov 3, 2014

elementos.com.a ~~u~~

Cleveland Province Targeting 2016 Start Up for Cleveland Tailings Project

November 2014

Introduction

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Board of Directors:

Management:

SHARES 758* M

Calvin Treacy (MD) Richard Seville (NED) Cory Nolan (NED)

Tim McManus (COO) Linda Scott (CFO & Company Secretary) Gustavo Delendatti (Geologist)

CASH $ 1.6* M

MARKET CAP $ 5.3 M

*As at 30 September 2014

2

Getting Exposure to Tin

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• Buy physical tin

• Logistically difficult

• Invest in an existing producer

– There are very few listed pure play tin producers globally

• Invest in Elementos

– The value of Elementos is strongly leveraged to tin price

3

Elementos has the Right Ingredients

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Project
Capital
People
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Successful Outcome

Elementos has the People

• Skilled, experienced and committed board

• Focused management team

• Elementos has the Projects

• No sovereign risk

• Staged development

• Stage 1 has the lowest capital hurdle

• Excellent region

4

Elementos has all the Boxes Ticked

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Significant mineral province þ

þ þ þ

Multiple assets with clear development pathways

Access to a high growth market

Government and stakeholder support þ First world mining jurisdiction þ

þ

Low capital intensity project pipeline

World class project infrastructure þ Experienced management team þ In place port and market access þ Resource and exploration upside þ Strategic investors engaged þ Bolt on acquisitions identified þ

5

Strategy

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Building a strong company on five strategies

• Internal capability

• Project capital costs that are fundable in the current

• market

• Innovation and excellence in mining and development

• Strategic relationships

• Geographic and commodity focus

6

Cleveland Province

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Four projects across 96 square kilometres of contiguous tenure:

• Tailings Project - Rehabilitation by reprocessing of a tin and copper resource

• Open Pit Project – Potential integration of known surface mineralisation into the tailings project

• Underground Redevelopment Project - Tin and copper production from Cleveland underground

• Foley Caving Project – Potential expansion and development of a large underground tungsten Mineral Resource

These projects are 100% owned by the company under licence’s: EL7/2005, EL9/2006, and EL 15/2011.

7

Project Pipeline

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Company building project pipeline with creditable projects developing along a clear timeline

MINIMAL CAPEX TO FIRST PRODUCTION

SUSTAINABLE PRODUCTION

Underground Tailings Redevelopment Open Pit Foley Caving 2016 2018 2017 2020 Near Mine Exploration

Infrastructure Integration

8

Infrastructure – We have it

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PORT	60km north-east at
	Burnie
ACCESS	Sealed road access to
ROADS	Burnie
SITE	≈10km of roads in good
ROADS	condition
LABOUR	Skilled mining labour in
	the region
POWER	Transmission and
	distribution lines run
	through province
WATER	Ample water in the
	province

9

Pathway to First Cashflow – Tailings

elementos.com.a ~~u~~ Production Funding Partnering Studies Testwork

10

Tailings Overview

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Low Capex

Short Lead Time to Production

Development 2015 Actively pursuing strategic partner, off-take and JV opportunities

JORC Resource[# ] 3,850 kt at 0.30% Sn 0.13% Cu Indicated Mineral Resource Next steps are: Cleveland Project Environmental Approval Sn and Cu Mining Lease Metallurgical Testing

Positive Environmental Impact

ASX Release 17 June 2014 – Cleveland Tailings Resource Upgrade

11

About Cleveland Underground

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• 100% owned

• Brownfield

• Less than half the known mineralisation was mined

• 68% Indicated Mineral Resource

• • $10 million worth of drilling

• $25 million worth of development in place (roads and decline)

• Elementos investment to date, including acquisition, is $5-6 million

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Cleveland
Underground
Operation
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12

Underground Overview

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JORC Resource[# ]

5.0 Million tonnes

@ 0.69% Sn, 0.28% Cu Indicated Mineral Resource (0.35% cutoff)

JORC Resource[# ]

2.4 Million Tonnes @ 0.56% Sn, 0.19% Cu I nferred Mineral Resource (0.35% cutoff)

Mine Infrastructure in Place – Low CAPEX To be dewatered and refurbished Of the known mineralisation only 43% was mined between1969 and 1986

Cleveland Project Sn and Cu Brownfield Known mining and mineral processing conditions

Tin and Copper Exploration Potential

Resources open along strike and at depth

ASX Release 5 March 2014 – Cleveland JORC Resources Significantly Expanded

13

Geology

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The tin-copper mineralisation occurs as stratiform lenses within a series of sedimentary rocks. These sedimentary rocks are of Cambrian age and, while they were originally deposited horizontally, they have been tilted and are now more or less vertical. The Cambrian sedimentary rocks were intruded by the Devonian-Carboniferous Meredith granite.

Tin and copper bearing semi-massive sulphide lenses consisting of pyrrhotite and pyrite with cassiterite, and to a lesser extent chalcopyrite and stannite, and quartz, fluorite and carbonates.

Semi-massive sulphide lenses have formed by the replacement of limestone and is geologically similar to the tin bearing semi-massive and massive sulphide mineralisation at Renison.

Resource model

Dry

Ø Mineral Resources have been estimated for the tin and copper in the individual lenses Portal Ø The tin and copper lenses occur in three main structural domains, separated by two flatly dipping faults

Flooded

Exploration potential

• Ø Aberfoyle focused on the incremental expansion of resources

Ø The deposit is open at depth and along strike Ø Two shallow targets near the surface provide opportunities Ø There are known tin and copper intersections outside the current resource

14

JORC Mineral Resources Summary*

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Cleveland Tin and Copper Tailings Mineral Resource -17 June 2014

			0%	Sn Cut-Off
	Category	Tonnage	% Sn as Cassiterite	Tin Metal (tonnes)	% Cu	Copper Metal (tonnes)
	Indicated	3,850,000	0.30	11,500	0.13	5,000
	Total	3,850,000	0.30	11,500	0.13	5,000
		Cleveland Tin and Copper Mineral Resource Estimate - 5 March 2014
			0.35% Sn Cut-Off
	Category	Tonnage	% Sn	Tin Metal (tonnes)	% Cu	Copper Metal (tonnes)
	Indicated	5,002,000	0.69	34,500	0.28	14,000
	Inferred	2,442,000	0.56	13,900	0.19	4,600
	Total	7,444,000	0.65	48,400	0.25	18,600
		Cleveland	Tungsten Mineral Resource Estimate		– 18 April 2013
			0.2%	WO3 Cut-Off
	Category		Tonnage	% WO3	Contained WO3 (tonnes)
	Inferred		3,980,000	0.30		12,000
	Total		3,980,000	0.30		12,000

The Road Ahead

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Tin fundamentals remain strong, however, access to development capital is currently the biggest hurdle for junior miners

• The Cleveland projects have a pathway to production

• Elementos is set to leverage infrastructure in the Cleveland Province with the current cash reserves

• Elementos is great value with a suite of assets to expand and develop

• Elementos is “ Developing Today for Tomorrows Tin ”

16

Disclaimer and Compliance Statement

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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 Person Statement

The information in this report that relates to Mineral Resources, Exploration Results and Exploration Targets is based on information compiled by Mick McKeown of Mining One Consultants, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mick McKeown is a full-time employee of Mining One Pty Ltd, a mining consultancy which has been paid at usual commercial rates for the work which has been completed for Elementos Limited.

Mick McKeown has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ Mick McKeown consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

*** Subsequent Public Reporting**

The information is extracted from the reports entitled “Cleveland Tailings Resource Upgrade”, “Cleveland JORC Resources Significantly Expanded” and “Cleveland Tin, Copper and Tungsten JORC Resource” created on 17 June 2014, 5 March 2014 and 18 April 2013 respectively and are available to view on www.asx.com.au. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.

elementos.com.a ~~u~~

Level 8 - 26 Wharf Street Brisbane, QLD, Australia

+617 3221 7770

ASX : ELT www.elementos.com.au

For further enquiries please contact: Calvin Treacy – Managing Director email: admin@elementos.com.au