ELEMENTOS LIMITED — Investor Presentation 2015

May 3, 2015

elementos.com.au

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DISCLAIMER

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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 this presentation of the matters based on his information in the form and context in which it appears.

Subsequent Public Reporting

The information for the JORC Mineral Resource Summary is extracted from the reports entitled “Cleveland Tailings Resource Upgrade”, “Cleveland Open Pit - High-Grade Mineral Resource Defined” and “Cleveland Tin, Copper and Tungsten JORC Resource” created on 17 June 2014, 3 March 2015 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.

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COMPANY SNAPSHOT

elementos.com.au

				elementos.com.au
Capital Structure (April 2015)
Shares on issue	767,479,642
Options on issue	17,850,000
Share price ASX	A$0.01
Market Capitalisation	A$7.67m
Cash	A$847k
52 week share price range (close):
ASX	A$0.004 – A$0.020
Top 20 Shareholders Name No. of Shares		%	Key	Contacts
Board & Management	62,874,382	8.2	Calvin Treacy	M: +61 (0) 409 442 005
Mr Andrew Carlyle Greig	164,000,001	21.4	Managing Director	E: ct@elementos.com.au
Other Top 20 Shareholders	293,472,796	38.3	Tim McManus	M: +61 (0) 427 861 806
Total Top 20	520,347,179	67.9	Chief Operating Officer	E: tim@elementos.com.au

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STRATEGY

elementos.com.au

A STAGED, LOW CAPEX REDEVELOPMENT OF THE CLEVELAND TIN, COPPER AND TUNGSTEN MINE Elementos will redevelop the Cleveland Mine in the following stages:

• Stage 1 - Tailings Reprocessing

• Stage 2 - Open Pit Mining

• Stage 3 - Underground Mining

The staged development strategy minimises up front capital as cashflow funds future stages

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PRIME LOCATION & INFRASTRUCTURE

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PRIME LOCATION & INFRASTRUCTURE

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POWER

Easily accessible 22kV & 110kV power lines are on site, with spare capacity, and are a d j a c e n t t o p r o p o s e d processing plant location.

COMMUNICATIONS

Excellent reception from Mt. Cleveland mobile phone tower in ‘line of sight’ of proposed processing plant location and underground portal.

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CLEVELAND GEOLOGY

elementos.com.au

• Situated in a significant mineralised region

• Mineralisation in two styles:

• § Tin and copper bearing semi-massive sulphide lenses (Rension Style)

• § Tungsten bearing porphyry and quartz stock-work

• 2,020 DIAMOND DRILL HOLES providing 1,725 mineralised intersections

• A well-defined Mineral Resource with over 120,000M of assayed drill core data

• Open at depth and along strike

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CLEVELAND MINERAL RESOURCES

elementos.com.au

Tailings Mineral Resources (at 0% Sn cut-off)1	Tailings Mineral Resources (at 0% Sn cut-off)1	Tailings Mineral Resources (at 0% Sn cut-off)1	Tailings Mineral Resources (at 0% Sn cut-off)1
Category	**Tonnage **	Tin Grade(% Sn)	Copper Grade(% Cu)
Indicated	3,850,000	0.3	0.13
Total	3,850,000	0.3	0.13
Open Pit Tin and Copper Mineral Resources(at 0.35% Sn cut-off)2
Category	**Tonnage **	Tin Grade(% Sn)	Copper Grade(% Cu)
Indicated	828,000	0.81	0.27
Inferred	14,000	0.99	0.34
Underground Tin and Copper Mineral Resources(at 0.35% Sn cut-off)
Indicated	4,174,000	0.67	0.28
Inferred	2,428,000	0.56	0.19
Total Tin and Copper Mineral Resources(at 0.35% Sn cut-off)
Indicated	5,002,000	0.69	0.28
Inferred	2,442,000	0.56	0.19
Total	7,444,000	0.65	0.25
Tungsten Mineral Resources (at 0.20% WO3 cut-off)3
Category	**Tonnage **	**Tungsten Grade(% WO3) **
Inferred	3,980,000	0.3
Total	3,980,000	0.3

1 Reported in accordance with the JORC Code 2012 Edition, on the 17/06/2014 in “Cleveland Tailings Resource Upgrade”. 2 Reported in accordance with the JORC Code 2012 Edition, on the 03/03/2015 in “Cleveland Open Pit - High-Grade Mineral Resource Defined”.[3 ] Reported in accordance with the JORC Code 2004 Edition, on the 18/04/2013 in “Cleveland Tin, Copper and Tungsten JORC Resources”.

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STAGE 1 - TAILINGS REPROCESSING

elementos.com.au

• Recent metallurgical testwork has indicated the following:

• ~50% SN GRADE @ ~47% RECOVERY

• ~18% CU GRADE @ ~31% RECOVERY

• Reclamation rate of 650,000 per annum

• ~

• Production of 900T RECOVERED TIN AND ~265T RECOVERED COPPER PER ANNUM

• Development Proposal and Environmental Management Plan (DPEMP) and Mining Lease Application (MLA) lodged

• Low risk jurisdiction with stakeholder support

• LOW CAPEX AND LOW OPEX near term production project

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STAGE 2 – LOW STRIP RATIO OPEN PIT

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700m strike & outcropping
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STAGE 2 – UTILISES STAGE 1 CAPEX

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STAGE 3 - UNDERGROUND REDEVELOPMENT

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• ABERFOYLE MINED 5.7M

TONNES between 1968 and 1986 (~18yrs) with modern mining methods for ~24,000 tonnes of tin and 10,000 tonnes of copper in concentrate

• Previous mining confirmed excellent mining conditions

• ELEMENTOS HAS >4.2M TONNES of Indicated Mineral Resources defined today

• The mine is open at depth and along strike

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STAGE 3 – LOW CAPEX UNDERGROUND

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The underground is low capex because:

• It has significant drilling with defined Mineral Resources

• Utilises the existing underground decline and drives for access

• • Benefits from capital invested in previous stages (e.g. processing plant)

NSR = Net Smelter Return

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REDEVELOPMENT TIMELINE

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CLEVELAND MINE REDEVELOPMENT elementos.com.au KEY TAKEAWAY: THE LOW CAPEX, STAGED DEVELOPMENT STRATEGY, MINIMISES UP FRONT CAPITAL

Low Opex Tailings start up	þ	Established port & transport route	þ
Near term production	þ	Experienced management	þ
Low risk mining jurisdiction	þ	Low strip ratio open pit	þ
Government & stakeholder support	þ	Established underground	þ
Approvals & mining lease lodged	þ	Resource & exploration upside	þ
Power, water & communications	þ	Strategic investors engaged	þ

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elementos.com.au

+617 3221 7770

ASX : ELT

For further enquiries please contact: Calvin Treacy – Managing Director Tim McManus – Chief Operating Officer email: admin@elementos.com.au

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