ELEMENTOS LIMITED — Investor Presentation 2016

Nov 1, 2016

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Elementos Value Proposition

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Corporate

Cleveland Project

• Building a strong team

• Excellent share register

• Building strong strategic relationships for long term access to development capital

• Located within a world class tin province

• Highest grade open pit tin resource within Australia

• Low CAPEX

• Excellent infrastructure

• Environmental support

Five Reasons To Invest in Elementos

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Tin price is at five year highs and is on an upward trend

Cleveland - High Grade Open Pit

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Highest grade open pit resource in Australia.

800,000t @ 0.81% tin and 0.27% copper JORC Indicated Resource

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NORTH
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Reported in accordance with the JORC Code 2012 Edition, on the 03/08/2015 in “Cleveland Tailings Ore Reserve”. Announced in accordance with the JORC Code 2012 to the ASX on 17 June 2014 “Cleveland Tailings Resource Upgrade” Announced in accordance with the JORC Code 2012 to the ASX on 3 March 2015 “Cleveland Open Pit - High-Grade Mineral Resource Defined”

Tin Sector is Performing Strongly

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Kasbah Resources Ltd
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9000
8000
7000
6000
5000
4000
3000
2000
1000
0
InfoMine.com 2016
Tin LME Warehouse Level (t)
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Most of Elementos’ peers have seen strong growth (plus 100%) this year in response to the strengthening tin price.

Elementos has NOT seen this rerating yet.

Elementos Share Price does NOT reflect the value of the Cleveland Project

The tin price will be a driver for the Elementos share price rerating, along with continuing development of the Cleveland Project to production – potentially a 10 times uplift from the current share price.

Cleveland – Exploration Programme to Expand High Grade Open Pit Resource

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Limited historical exploration for shallow resources. Significant high grade intercepts from pre-1986 near surface drilling (most from underground)

Mineralisation detected by 1954 Tasmanian Government ground magnetic survey

Large untested exploration targets.

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Cleveland – Exploration Programme to Expand High Grade Open Pit Resource

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Proposed 2016 - 17 Ground Magnetic Survey

Increased survey area compared with 1954 Tasmanian Government survey boundaries 30m line spacing for shallow target definition

32 line kilometres in total

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Cleveland – Enhanced Metallurgical Processing to Increase Tin Recoveries

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Bulk Sampling Programme

150kg sample collected from Cleveland Tailings Dams in August 2016

Test work to improve tin recoveries commenced at ALS laboratories in Burnie Initial results expected in early November 2016

Cleveland - Excellent Infrastructure

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PORT OF BURNIE
MINING LEASE APPLICATION
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Cleveland Mine location provides access to a local skilled mining workforce. In addition the mine has easy access to an established mineral export port in Burnie and 22kv and 110kv power lines transecting the site.

Tin Market

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Total estimated refined tin use = 345,700 tpa

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Tin Market Drivers

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Growth in Global Refined Tin Consumption

Potential in Tin Technologies

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2014/2015
-1.60 %
2015/2016 est
0.20 %
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Lead-acid, Lithium-ion, Magnesium-ion, Sodium-ion, Supercapacitors, Aluminium Air, Fuel Cells

Solar cells, Solar storage, Thermoelectric

Methane to hydrogen, Water splitting

Biodiesel catalysts Fuel catalysts

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Supply and Demand Outlook

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Refined Tin Production verses Consumption to 2020

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2020 ITRI Tin Mine Full Costs

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Mines operational in 2016

Potential new large scale operations

Market equilibrium upwards of US$22,500/tonne projected in 2020 ( assumes demand for mined tin exceeds 280,000 tpa ) ELT

% of cumulative global tin production

ITRI Full Costs are inclusive of Capex amortisation, net of by-product revenues

Projection based on availability of information and economic variables as of 11/07/2016

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Elementos Is Undervalued

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JORC Resource (Bubble Size) & Enterprise Value per tonne of contained tin

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European Metals
100%
168,000 t
Inferred
Aus Tin
67,000 t
Stellar
Kasbah 71,500 t75%
Inferred
95,475 t
Elementos
59,200 t
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Elementos has the lowest Enterprise Value per tin tonne in the sector. Sector average is $220/t, ELT is $100/t

Source: Company Filings

Company & Project Strategy

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Corporate strategy

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Project Strategy

• Create a tin focused ASX listed mining company by:

• Building a team with extensive expertise in hard rock mining, tin mineral processing and project development

• Project Acquisition

• Leveraging project personnel and infrastructure where possible

• Start Production at Cleveland as quickly as possible by:

• Expanding Cleveland open cut resources with a targeted exploration program

• Reduce project risk by improving tin recoveries

• Completing environmental and mining approvals in parallel with exploration

• Building a flexible modern tin processing plant at lowest possible cost

• Start mining open pit ASAP

Next Steps

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Advance the Thiasarco MOU to formal off take agreement Continue to Develop strategic relationships with potential financers Project Finance

Metallurgical optimisation program Open pit mining review of cutoff grade and dilution Engineering Final designs

Notice of Intent for expanded operations Ground and open pit mining Magnetic Survey Development Plan Shallow Diamond and Environmental Drill Program Management Plan (DPEMP) Open Pit Mining lease Resource Expansion Development approval

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Construction
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Company Snapshot

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Capital Structure (October 2016)

Elementos Ltd (ASX: ELT )

Shares on issue 767.4[M]

Options on issue 38.8[M] Share price ASX A$ 0.007 Market Capitalisation A$ 5.37 Cash (end of Q4 FY2016) A$ 0.47

Board and Management

Andy Greig Chairman Chris Creagh Operations Manager Chris Dunks Executive Director Corey Nolan Non-Executive Director Calvin Treacy Non-Executive Director

Duncan Cornish Company Secretary & CFO

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Directors
Retail
32 % 30 %
Top
Shareholders
Other Top 20
38 %
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The Elementos Team

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Andy Greig Chairman

35 years of experience with Bechtel Group Inc.

Bechtel Director and President of Bechtel Mining and Metals Global Business Unit.

Chris Dunks

Executive Director

Mechanical Engineer with 25 years natural resources project delivery experience.

Chris Creagh

Operations Manager

Geologist and ASX Executive Manager with 30 years mining industry experience.

Corey Nolan Non-executive Director

Mineral Economist with 25 years mining industry experience.

Duncan Cornish

Company Secretary/CFO

Accountant with 20 years mining industry commercial experience.

Calvin Treacy

Non-executive Director

Mechanical Engineer with 30 years mining & industrial commercial experience.

Cautionary Statements

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Forward-looking statements

This document 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 the company’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 undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this document (subject to securities exchange disclosure requirements). The information in this document does not take into account the objectives, financial situation or particular needs of any person or organisation. Nothing contained in this document constitutes investment, legal, tax or other advice.

Mineral Resource

Elementos confirms that Mineral Resource and Reserve estimates used in this document were estimated, reported and reviewed in accordance with the guidelines of the Australian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code) 2012 edition. Elementos confirms that it is not aware of any new information or data that materially affects the Mineral Resource or Reserve information included in the “Cleveland Open Pit - High-Grade Mineral Resource Defined” released on 3 March 2015 and the “Cleveland Tailings Ore Reserve” released on the 3 August 2015, and that all material assumptions and technical parameters underpinning the estimates in the Cleveland Mineral Resources and Reserves continue to apply and have not materially changed. Elementos also confirms the form and context in which the Competent Person’s findings are presented have not been materially modified from the date of announcement.

Scoping Study Results

The scoping studies referred to in this announcement are based on low-level technical and economic assessments, which are insufficient to support the estimation of Ore Reserves, or to provide assurance of an economic development case at this stage, or to provide certainty that the conclusions of the scoping studies will be realised. Elementos advises that the scoping study results are partly drawn from Inferred Resources. There is a low level of geological confidence associated with these estimates and there is no certainty that further exploration work will result in the conversion of the estimate to an Indicated Mineral Resources or that the production target itself will be realised. The term “mining inventory” is used to describe the Indicated and Inferred Mineral Resource within the mine design. Whereas an Ore Reserve, as defined by the JORC code (2012 Edition), must be based on a study at pre-feasibility study level or better and must not include Inferred Mineral Resources or Exploration Targets. As such, no Ore Reserve can be stated on the basis of the scoping studies.

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elementos.com.au

+617 3221 7770

ASX : ELT

For further enquiries please contact: Christopher Creagh – Operations Manager email: admin@elementos.com.au