ELEMENTOS LIMITED — Investor Presentation 2017

Nov 29, 2017

ELEMENTOS LIMITED

ASX:ELT For further information please contact Chris Creagh – Chief Executive Officer Email – cc@elementos.com.au

ELEMENTOS LIMITED Level 10, 110 Mary St Brisbane, QLD +617 3221 7770 Australia 4000 www.elementos.com.au

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ELEMENTOS LIMITED

Board and Management

Andy Greig

Non-executive Chairman - Mr. Greig has 35 years of experience in the mining and natural resource industry with Bechtel Group Inc., a global engineering, construction and project management company. Mr. Greig has held numerous positions with Bechtel, most recently as SVP and Global Manager of Human Resources. Mr. Greig served on the Bechtel Board as a Director and was President of the Mining and Metals Global Business Unit, centred in Brisbane, Australia for 13 years.

Chris Dunks

Executive Director - Currently the Managing Director of Synergen Met Pty Ltd, Christopher was a Founder and Managing Director of Rockwell Minerals Pty Ltd, the company that merged with Elementos in 2013. Christopher’s experience over the last 20 years has been dominated by working on major minerals processing, refining and power projects both in Australia and the USA.

Corey Nolan

Non-executive Director - Mr Nolan has twenty years of diverse experience in the resources sector. This has included experience in mining operations, global resource evaluation, and the financing and development of new opportunities in Australia, South Africa, Asia, and South America.

Calvin Treacy

Non-executive Director - Mr Treacy is an experienced manager and director with over 10 years’ experience in the mining industry, he has a strong track record of founding and growing companies. His prior roles have included COO and CEO positions, Director of AMIRA International and he is currently a Director of several unlisted companies.

Chris Creagh

Chief Executive Officer - Mr Creagh is a geologist with more than 30 years of experience in the Australian and international mining industry. Chris brings significant expertise and experience in executive management and project development, which includes the tin industry.

Duncan Cornish

Company Secretary/CFO - Duncan is an accomplished, highly regarded corporate administrator and manager, with more than 20 years’ experience in pivotal management roles including capital raisings and stock exchange listings for companies on the Australian, Alternative Investment Market of the London Stock Exchange and the Toronto Stock Exchanges.

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ELEMENTOS LIMITED

Elementos Market Capitalisation November 2016 ~ $6.35m Elementos Market Capitalisation November 2017 ~ $13.80m *non-diluted

Shares on issue (28 November 2017) Options on issue (28 November 2017) Share price ASX (28 November 2017)

1,255.4m 289.0m A$0.011

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Directors Retail
25% 33%
Top 20
(exc. Directors)
42%
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ELEMENTOS LIMITED

• ELT is a tin focused exploration and development company

• Global refined tin market of 350,000tpa with current growth of 1.3% per

• annum

• Global demand remains strong - outstripping supply

• Lower production from existing producers due to lower grades and exhausted resources

• Increased demand predicted for new energy storage applications

• 40,000 tonnes per year production shortfall forecast by 2020

• Tin price forecast to rise by >15% by 2019

• New projects need to be developed to meet the forecast production shortfall

• ELT owns 100% of the Cleveland Tin Project in Tasmania

• Cleveland contains 54,840t of tin in defined resources

• ELT has a clearly defined development strategy for the Cleveland Tin Project

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ELEMENTOS LIMITED

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ELEMENTOS LIMITED

Global Tin Stocks – approximately 1 month of supply

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ELEMENTOS LIMITED

Global Tin Market - Uses

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Traditional
and modern
tin uses
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ELEMENTOS LIMITED

Electric Vehicle Policy Announcements

• France and the United Kingdom to ban the sale of diesel and petrol cars by 2040

• Norway has a policy where all new vehicles will be electric, hydrogen or hybrid powered by 2025

• The Netherlands Parliament passed a motion to end petrol and diesel car sales by 2025

• India has announced I will end petrol and diesel car sales by 2030

• China is studying a similar move as many EU nations and India

• EU emissions reduction target of 40% by 2030

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2020 Tesla Roadster

• Lead acid and Lithium ion battery market forecast to grow in line with increased electric and hybrid vehicle production and bulk renewable energy storage systems

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ELEMENTOS LIMITED

CLEVELAND RESOURCE INVENTORY

Open Pit Tin-Copper Mineral Resource (at 0.35% Sn cut-off) NOTE: this Open Pit Tin-Copper Mineral Resource is a sub-set of the Total Tin-Copper Mineral Resource noted below	Open Pit Tin-Copper Mineral Resource (at 0.35% Sn cut-off) NOTE: this Open Pit Tin-Copper Mineral Resource is a sub-set of the Total Tin-Copper Mineral Resource noted below	Open Pit Tin-Copper Mineral Resource (at 0.35% Sn cut-off) NOTE: this Open Pit Tin-Copper Mineral Resource is a sub-set of the Total Tin-Copper Mineral Resource noted below	Open Pit Tin-Copper Mineral Resource (at 0.35% Sn cut-off) NOTE: this Open Pit Tin-Copper Mineral Resource is a sub-set of the Total Tin-Copper Mineral Resource noted below	Open Pit Tin-Copper Mineral Resource (at 0.35% Sn cut-off) NOTE: this Open Pit Tin-Copper Mineral Resource is a sub-set of the Total Tin-Copper Mineral Resource noted below	Open Pit Tin-Copper Mineral Resource (at 0.35% Sn cut-off) NOTE: this Open Pit Tin-Copper Mineral Resource is a sub-set of the Total Tin-Copper Mineral Resource noted below
Category	Tonnage	Sn Grade	Contained Sn	Cu Grade	Contained Cu
Indicated	0.80 Mt	0.81%	6,500t	0.27	2,300t
Inferred	0.01 Mt	0.99%	140t	0.34	50t

Table subject to rounding errors; Sn = tin, Cu = copper

Total Tin-Copper Mineral Resource(at 0.35% Sn cut-off)	Total Tin-Copper Mineral Resource(at 0.35% Sn cut-off)	Total Tin-Copper Mineral Resource(at 0.35% Sn cut-off)	Total Tin-Copper Mineral Resource(at 0.35% Sn cut-off)	Total Tin-Copper Mineral Resource(at 0.35% Sn cut-off)	Total Tin-Copper Mineral Resource(at 0.35% Sn cut-off)
Category	Tonnage	Sn Grade	Contained Sn	Cu Grade	Contained Cu
Indicated	5.00 Mt	0.69%	34,500t	0.28%	14,000t
Inferred	2.44 Mt	0.56%	13,700t	0.19%	4,600t

Table subject to rounding errors; Sn = tin, Cu = copper

Tailings Ore Reserve(at 0% Sn cut-off) ,	Tailings Ore Reserve(at 0% Sn cut-off) ,	Tailings Ore Reserve(at 0% Sn cut-off) ,	Tailings Ore Reserve(at 0% Sn cut-off) ,	Tailings Ore Reserve(at 0% Sn cut-off) ,	Tailings Ore Reserve(at 0% Sn cut-off) ,
Category	Tonnage	Sn Grade	Contained Sn	Cu Grade	Contained Cu
Probable	3.7 Mt	0.29%	11,000t	0.13%	5,000t

Table subject to rounding errors; Sn = tin, Cu = copper

Underground Tungsten Mineral Resource(at 0.20% WO3 cut-off)	Underground Tungsten Mineral Resource(at 0.20% WO3 cut-off)	Underground Tungsten Mineral Resource(at 0.20% WO3 cut-off)
Category	Tonnage	WO3 Grade
Inferred	4 Mt	0.30%

Table subject to rounding errors; WO3 = tungsten oxide

*This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

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ELEMENTOS LIMITED

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• Exploration programme targeting an increase in open cut resources commenced in early 2017

• Initial work consisted of construction of a 30m line spaced grid totaling 33 line klm

• Completion of a grid based ground magnetic survey

• Diamond drilling exploration programme underway - numerous shallow exploration drilling targets defined from new ground magnetic survey, geological mapping and review of historical data

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ELEMENTOS LIMITED

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CAUTIONARY STATEMENTS

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 forwardlooking 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 following announcements:

• “Cleveland Open Pit - High-Grade Mineral Resource Defined” released on 3 March 2015;

• “Cleveland Tailings Ore Reserve” released on the 3 August 2015;

• “Cleveland Open Pit study adds $21m to cash flow” released on 20 August 2015;

• “Underground study doubles life of Tasmanian mine and adds $90 in pre-tax cash” released on 1[st] September 2015

The Company also confirms 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.

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ELEMENTOS LIMITED

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