ELEMENTOS LIMITED — Investor Presentation 2021

Jul 13, 2021

ASX:ELT

TIN FOR AN ELECTRIC TOMORROW Investor Presentation

Noosa Mining & Exploration Investor Conference| July 2021

==> picture [960 x 47] intentionally omitted <==

==> picture [197 x 17] intentionally omitted <==

==> picture [162 x 27] intentionally omitted <==

Cautionary statement

==> picture [75 x 6] intentionally omitted <==

The Updated Economic Study (Study) referred to in this announcement has been undertaken for the purpose of assessing the technical and economic viability of developing the Oropesa Tin Project. The Study has been completed to an overall Scoping Study level of accuracy of +/35%. It should be noted that a number of the work streams in the Study have been undertaken to a more detailed standard of evaluation and definition.

The Study is preliminary in nature, it includes inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Ore Reserves, and there is no certainty that the Study outcomes will be realised. Mineral Resources are not Ore Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources estimated will be converted into an Ore Reserves estimate.

While the estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues, the Company is not aware of any such issues. The quantity and grade of reported Inferred Resources are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as an Indicated or Measured Mineral Resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category.

The Study outcomes, production target and forecast financial information are based on information that are considered to be at Scoping Study level. The information applied in the Study is insufficient to support the estimation of Ore Reserves. While each of the modifying factors was considered and applied, there is no certainty of eventual conversion to Ore Reserves or that the production target will be realised. Further exploration work and evaluation studies are required before Elementos will be in a position to estimate any Ore Reserves or provide any assurance of an economic development case.

Given the uncertainties involved, investors should not make any investment decisions based solely on the results of the Study. The Study is based on the Measured, Indicated and Inferred Resources as estimated by SRK in the Mineral Resource Estimate released on the ASX on 31st July 2018, “Acquisition of the Oropesa Tin Project”. Elementos is not aware of any new information or data that materially affects the information included in that release. All material assumptions and technical parameters underpinning the estimates in that ASX release continue to apply and have not materially changed.

Statements in this release regarding the Elementos business or proposed business, which are not historical facts, are forward-looking statements that involve risks and uncertainties. These include Mineral Resource Estimates, metal prices, capital and operating costs, changes in project parameters as plans continue to be evaluated, the continued availability of capital, general economic, market or business conditions, and statements that describe the future plans, objectives or goals of Elementos, including words to the effect that Elementos or its management expects a stated condition or result to occur. Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by Elementos, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements.

Elementos has concluded that it has a reasonable basis for providing these forward-looking statements and the forecast financial information included in this release. This includes a reasonable basis to expect that it will be able to fund the development of the Oropesa Tin Project upon successful delivery of key development milestones. The detailed reasons for these conclusions are outlined throughout this ASX release and in Appendix 1 (JORC Code 2012, Table 1. Consideration of Modifying Factors). While Elementos considers all of the material assumptions to be based on reasonable grounds, there is no certainty that they will prove to be correct or that the range of outcomes indicated by the Economic Assessment Study will be achieved. To achieve the range of outcomes indicated in the Economic Assessment Study, pre-production funding in excess of US$70m will likely be required. There is no certainty that Elementos will be able to source that amount of funding when required. Discussions with potential funders have confirmed that a project of this scale will be able to be funded with a combination of Debt and Equity. The company is confident that the capital costs are sufficiently low that raising the required equity will be possible. The company continues to have the full support of its existing largest shareholders and is working with potential offtake partners, brokers, private equity firms and traditional funders to ensure that the Company will be in a position to fund the project as needed. It is also possible that such funding may only be available on terms that may be dilutive to or otherwise affect the value of Elementos’ shares. It is also possible that Elementos could pursue other value realisation strategies such as a sale, partial sale or joint venture of the Oropesa Tin Project. This could materially reduce Elementos’ proportionate ownership of the Oropesa Tin Project.

No Ore Reserve has been declared. This ASX release has been prepared in compliance with the current JORC Code (2012) and the ASX Listing Rules. All material assumptions, including sufficient progression of all JORC modifying factors, on which the Production Target and forecast financial information are based have been included in this ASX release.

Of the Mineral Resources scheduled for extraction in the Study mine production plan, approximately 4% are classified as Measured, 78% as Indicated and 18% as Inferred. There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target itself will be realised. Inferred Resources do not contribute to the production schedule in the first two years of operations and only 1% in the first nine years of the proposed development. The production plan includes Inferred Resources in the latter stages of the production schedule.

This release contains a series of forward-looking statements. The words “expect”, “potential”, “intend”, “estimate” and similar expressions identify forward-looking statements. Forward-looking statements are subject to known and unknown risks and uncertainties that may cause the actual results, performance or achievements to differ materially from those expressed or implied in any of the forward-looking statements in this release that are not a guarantee of future performance.

~~Q~~

A

What metal is most impacted by new technology and electrification?

Tin - for its use as a solder, an electrical contact, in batteries and copper alloys.

==> picture [19 x 117] intentionally omitted <==

==> picture [13 x 113] intentionally omitted <==

Tin for an electric tomorrow

Source: Rio Tinto | MIT

==> picture [75 x 6] intentionally omitted <==

Tin is key electrical contact in electronic circuits (solder). Plays role in batteries and battery anodes, chemicals and the humble tin can (tin plate).

Tin remains elevated at historic highs in July 2021

==> picture [75 x 6] intentionally omitted <==

==> picture [602 x 364] intentionally omitted <==

----- Start of picture text -----

•
LME Spot Tin Price US$/tonne
12 July 2021
US$33,510
40K
•
35K
30K •
25K
20K
15K
Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21
----- End of picture text -----

• Prices increased this year on the back of reduced global production, declining stockpiles and strong industrial demand particularly for semi-conductors and electronics.

Tin spot prices have remained above US$30k for over two months

Tin 3-month forward prices above US$30k (historic highs)

Supply gap will attempt to close with new mine production or an expansion or restart of historic mines.

Tin market likely to move into deficits throughout 2020s

==> picture [75 x 6] intentionally omitted <==

Refined Tin ‘000 tonnes[1]

• Global refined tin demand is forecast to steadily increase as it services the technology revolution (min 1.8%, possibly >3%)[1] .

==> picture [368 x 272] intentionally omitted <==

----- Start of picture text -----

450
Refined Tin Demand
430
Refined Tin Production
410
390
370
350
330
310
2004 2006 2008 2010 2012 2014 2016 2018 2020 2026 2024 2026 2028 2030
----- End of picture text -----

• Global refined tin production is forecast to also grow, albeit at a materially lower rate than demand.

• Using historic 1.8% growth, there is a forecast ~30-40kt deficit predicted by ~2025[1] , and possibly higher deficit post-2025

• Historically, unregulated artisanal mines have played a role in closing some of this modelled supply gap but this isn’t forecast to be significant effect this period.

• Existing tin mines are mostly producing from lower grade, diminishing reserves, requiring new investment and mines.

• Very few low risk Environmental, Social, Governance (ESG) projects in global pipeline.

  • New supply is limited as potential projects are either high CAPEX underground mines, low grade open pit mines or located in risky jurisdictions.

Source:[1] ITA (International Tin Association) Seminar 2021

Tin is now mainstream news

==> picture [75 x 6] intentionally omitted <==

==> picture [184 x 354] intentionally omitted <==

==> picture [584 x 448] intentionally omitted <==

Oropesa Tin Project

==> picture [75 x 6] intentionally omitted <==

==> picture [478 x 352] intentionally omitted <==

• Project acquired in 2019 (100%) with more than US$26 million historically invested in project development.

Planned open-cut mining operation and conventional processing facility producing tin concentrates to be shipped to smelters in Europe, North America orAsia.

• Strong local support for the project.

• The mining friendly Andalucian region is home to some of Spain’s largest mines:

• The Cobre Las Cruces Copper Mine, owned by First Quantum Minerals

• The Rio Tinto Copper Mine, owned by Atalaya Mining

Definitive Feasibility Study (DFS) commenced

==> picture [75 x 6] intentionally omitted <==

Fast tracking Oropesa’s development

• Elementos to deliver a Definitive Feasibility Study (DFS) at the Oropesa Tin Project – targeted delivery, end of 2022

• The ‘straight-to-DFS’ approach is driven by numerous techno-economic factors, including:

• ✓ The high levels of project definition and engineering delivered in the 2020 Updated Economic Study[3] . Including the limited number of options remaining to be assessed, with the project scope already being defined clearly in the 2020 Updated Economic Study[3]

• ✓ The confidence in the geology and strong mineralisation drilling results from recent drilling program

• ✓ The announced feasibility development programs[15] (Metallurgical, Geotechnical, Hydrogeological) are designed to achieving DFS levels of engineering confidence.

• ✓ Recent tin price strength over US$30,000/t (US$33,076/t, 9 July 2021 lme.com) and the company’s belief in the medium to long term supply and demand fundamentals.

• ✓ Strong European Union (EU) support for the development of ‘intra-EU’ strategic and critical mineral supplies and mines.

• Parallel progression of a new Mineral Resource Estimate, feasibility development programs, environmental & exploitation applications and the commencement of the DFS puts Elementos in the best possible position to fast track Oropesa’s development amid a tight tin market.

One of the world’s highest grade open-cut tin projects

==> picture [75 x 6] intentionally omitted <==

• May 2020 Economic Study Production Target derived from 2018 JORC Mineral Resource.

• Resource includes 253 drill holes (54,026 metres).[2]

• JORC Exploration Target highlights potential to expand resource.

• Current 44* hole drilling program aiming to increase the confidence to the Inferred Resource as well as test extensional mineralisation.

• *Additional 2 holes added at end of program (total 46) since last update

JORC Resources[1]

==> picture [549 x 142] intentionally omitted <==

----- Start of picture text -----

Measured Indicated Sub Total Inferred Total
0.33 Mt 9.01 Mt 9.34 Mt 3.20 Mt 12.54 Mt
1.09% Sn 0.53% Sn 0.55% Sn 0.52% Sn 0.54% Sn
Measured Indicated Sub Total Inferred Total
67.5 kt
3.6 kt 47.3 kt 50.9 kt 16.6 kt
Tin metal Tin metal Tin metal Tin metal Tin metal
----- End of picture text -----

• 1 All resources calculated using a 0.15% Tin cut-off grade. This information was first disclosed under the JORC Code 2012 on 31 July 2018 Not including 44* holes in current drill campaign

==> picture [422 x 263] intentionally omitted <==

----- Start of picture text -----

Exploration drilling program on
track to deliver on its stated goals
Shallow mineralisation target
----- End of picture text -----

Feasibility Development Programs

==> picture [75 x 6] intentionally omitted <==

Elementos has commenced feasibility development programs, consisting of a series of on-ground investigations, supported by laboratory test work and engineering studies.

The programs will optimise previously identified opportunities, mitigate previously identified risks and generally increase the maturity level of engineering for the project.

The four key feasibility programs include:

1. Pilot scale metallurgical test work – Wardell Armstrong (UK)

2. Geotechnical works program

3. Hydrogeological (groundwater) works program

4. Variability metallurgical test work

Development Plan

==> picture [75 x 6] intentionally omitted <==

Updated Mineral Resource Estimate

Definitive Feasibility Study (DFS)

• Completion of Resource Drilling, modelling and estimation

Feasibility Development Programs

• Completion of sub-programs to deliver high confidence inputs into mining and process engineering workstreams

• Engineering sufficiently detailed and defined for packaging, contractor pricing, offtake confirmation

• Execution and construction strategies confirmed

• Market pricing supporting capital and operational cost estimates

• Offtake specification and contracts confirmed

Environmental Impact and Exploitation (Mining) Licence Approval

• Financial model to support debt financing and equity discussions

• Finalisation of mine plan and determination of JORC Ore Reserves

• Lodgement of documents and liaising with authorities

==> picture [881 x 183] intentionally omitted <==

----- Start of picture text -----

Indicative DFS Timeline
2H 2020 1H 2021 2H 2021 1H 2022 2H 2022 1H 2023
Resource drilling and Mineral Resource Estimate Oct 2021
Feasibility development programs March 2022
Definitive Feasibility Study (DFS) & JORC Ore Reserves Dec 2022
Approvals
----- End of picture text -----

Economic Study (May 2020)

==> picture [75 x 6] intentionally omitted <==

Oropesa Economic Study follows extensive drilling, geological, geotechnical, feasibility and metallurgical test work programs over more than 10 years.

Annual ore feed Annual metal production Tin price Annual gross revenue Gross revenue x 14 years 750,000tpa 2,440tpa US$19,750/t US$48m Project life US$674m The price is below the 10-year average LME tin price of approximately CAPEX[+] All-in-sustaining costs Annual operating costs Capital development costs include a US$52m US$11,800/t US$28m 20% contingency. Pre-tax NPV8% Post-tax IRR Annual operating margin Total project EBITDA x 14 years US$92m 25% US$20m Project life US$281m

*The price is below the 10-year average LME tin price of approximately US$20,500/t. +Capital development costs include a 20% contingency.

Economics Sensitivity

==> picture [75 x 6] intentionally omitted <==

==> picture [608 x 370] intentionally omitted <==

----- Start of picture text -----

371.7
331.7
291.7
251.7
214.3
174.3
134.3
94.3
-50% -40% -30% -20% -10% +10% +20% +30% +40% +50% +60% +70%
-54.3
-14.4
-25.5
-68.7
-108.1
US$19,750/t US$33,510/t
----- End of picture text -----

Net Present Value 8%

US$370.3m

Spot tin price US$33,510/tonne (www.lme.com, 12 July 2021)

US$94.3m

Tin price US$19,750/tonne (Economic Study)

Potential to be bottom quartile cash cost

==> picture [75 x 6] intentionally omitted <==

==> picture [582 x 353] intentionally omitted <==

----- Start of picture text -----

Cash cost (US$/tonne of tin) Source: International Tin Association
40,000
30,000
20,000
Oropesa
10,000
0
20 40 60 80 100
% of cumulative global tin mine output
----- End of picture text -----

• Oropesa cash cost compares favourably against other tin developments around the world.

• Resource optimisation and drilling program has potential to improve project economics.

• Drilling has already discovered near surface mineralisation in material previously categorised as waste rock.

• Bottom quartile cash cost target is real.

Cleveland Tin Project

==> picture [75 x 6] intentionally omitted <==

==> picture [331 x 354] intentionally omitted <==

• Cleveland Tin Project (100%-owned) located in mineral rich northwest Tasmania.

• Operated as an underground mine by Aberfoyle Resources from 1968 to 1986 – demonstrated mining and metallurgical outcomes.

• Significant endowment of tin-copper tailings, open-cut and underground JORC Mineral Resources. Large, separate, tungsten porphyry exploration target below tin deposit.

JORC Resources[1]

==> picture [324 x 105] intentionally omitted <==

----- Start of picture text -----

Indicated Inferred Total
6.23 Mt 1.24 Mt 7.47 Mt
0.75% Sn 0.76% Sn 0.75% Sn
0.30% Cu 0.28% Cu 0.30% Cu
----- End of picture text -----

1 All resources calculated using a 0.35% Tin cut-off grade. This information was first disclosed under the JORC Code 2012 on 31 July 2018.

Cleveland Tin Project - Exploration

==> picture [75 x 6] intentionally omitted <==

Exploration activities at the Cleveland Project resumed in February 2021, amid surging tin prices.

==> picture [204 x 176] intentionally omitted <==

• Initial reconnaissance geological confirmation mapping and rock chip sampling in February has confirmed the prospectivity of the untested anomalies which were first identified by a Self-Potential (SP) geophysical survey in 1954.

• Four of the five rock chip samples that were collected contained visible sulphide mineralisation with the most significant assay being 0.7% tin, 0.57% copper, and 13.4% zinc from sample 130403.

• The nature of the mineralisation observed during the reconnaissance field work program is similar to that observed during the 2017 Cleveland diamond drilling program targeted shallow resources above the existing resource.

Cleveland Tin Project – 2021 Drilling Program

==> picture [75 x 6] intentionally omitted <==

==> picture [539 x 367] intentionally omitted <==

• The company will drill four diamond drill holes (for a total of 1,000m) later this year after final approvals are received. This drilling will test for tin and copper mineralisation along strike and to the northeast of the historical tin mine

• The company was awarded $70,000 from the Tasmanian Government’s Exploration Drilling Grant Initiative program to support this campaign.

• Cleveland Tin Project mine sequence highlighting the surface projection of the geological resource with superimposed SP anomalies (in blue) and untested SP anomalies (in green) to the northeast of the historical workings.

Five investment catalysts

05

==> picture [75 x 6] intentionally omitted <==

03

Completion of Oropesa Definitive Feasibility Study & maiden JORC Ore Reserve Statement

02

Oropesa Feasibility Development programs: 01 On-ground, Laboratory and engineering programs to Completion of Oropesa support feasibility study. Updated JORC Mineral Resource Estimate.

01

04

Receive final Oropesa environmental and Exploitation License permitting,

Unlock value from the Cleveland Tin Project in Tasmania via drilling and engineering development.

Corporate overview

==> picture [75 x 6] intentionally omitted <==

Share price $A0.017

9 July 2021 52 week high 0.024c, low $0.010c

Shares on issue 3,861m

9 July 2021

Debt* $1.5m

9 July 2021 *Unsecured debt

Market capitalisation $65.6m

9 July 2021

Cash $7.56m

31 March 2021 balance and $6.1 million

Enterprise Value $59.5m 9 July 2021

==> picture [176 x 35] intentionally omitted <==

----- Start of picture text -----

Mark Wellings (Eurotin)
9.1%
----- End of picture text -----

==> picture [401 x 293] intentionally omitted <==

----- Start of picture text -----

Directors &
Management
12.5%
Keo
Projects
2.6%
TR
Nominees
3.4%
----- End of picture text -----

Others 72.4%

Strong Leadership

==> picture [75 x 6] intentionally omitted <==

Our team has extensive experience in the mining and resources sector with vast expertise in project acquisition and development.

==> picture [162 x 138] intentionally omitted <==

Andy Greig Non-Exec Chairman

Andy 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.

==> picture [163 x 139] intentionally omitted <==

==> picture [163 x 13] intentionally omitted <==

Chris Dunks Executive Director

Chris is currently the Managing Director of Synergen Met, was a founder and Managing Director of Rockwell Minerals, the company that merged with Elementos in 2013. His 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.

==> picture [162 x 142] intentionally omitted <==

Joe David Chief Executive Officer

Joe is an experienced mining executive with a demonstrated track record in the mining, construction and finance industries. His career has spanned executive roles with private and listed construction and development companies including Flinders Mines and BBI Group. He is experienced in managing and developing natural resource projects, exploration programs, feasibility studies, project financing, in addition to corporate strategy and mergers & acquisitions.

Strong Leadership

==> picture [75 x 6] intentionally omitted <==

==> picture [162 x 151] intentionally omitted <==

==> picture [163 x 149] intentionally omitted <==

Corey Nolan Calvin Treacy Non-Exec Director Non-Exec Director

Corey is an accomplished public company director whose 30-year career in the resources industry started on the ground in operations before spanning a broad range of corporate roles from equities analyst and corporate finance director to a number of senior executive and board positions. He has been Managing Director of ASX listed Platina Resources Limited since August 2018.

Calvin has over 20 years senior management experience in mining, mining technology and manufacturing. He has a strong track record of founding and growing companies, and brings a wealth of experience in the areas of strategic planning and capital raising. He has worked in a range of roles including Non-executive Director, Chief Executive Officer, Chief Operating Officer and Production Manager.

==> picture [162 x 146] intentionally omitted <==

Brett Smith Non-Exec Director

Mr Smith has over 30 years’ experience in the resources, construction and engineering industries in senior operational and financial positions. Mr Smith is Executive Director of Hong Kong listed Dragon Mining which has operating gold mines and processing plants in both Finland and Sweden. Mr Smith is also Deputy Chairman of Hong Kong listed resources investment company APAC Resources and Executive Director of ASX listed company Metals X.

==> picture [361 x 540] intentionally omitted <==

----- Start of picture text -----

Oropesa Tin Project,
Andalucia, Spain
----- End of picture text -----

==> picture [9 x 146] intentionally omitted <==

----- Start of picture text -----

ASX:ELT
elementos.com.au
----- End of picture text -----

Disclaimer

==> picture [75 x 6] intentionally omitted <==

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 & Exploration Target

• *8 – “Cleveland Tin Project –Exploration Re-Commences” released on 4th March 2021.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.

• *9 - Oropesa Tin Project – Drilling Progress Report, 17th March 2021

• *10 - Oropesa Tin Project – Drilling Progress Report, 22nd March 2021

• *11 - Appointment of Chief Executive Officer, 12th April 2021

• *12 - Elementos completes capital raising to continue the development of the Oropesa tin project amid strong tin prices, 19 April 2021

• *13 – Oropesa Tin Project – Drilling Progress Report, 30th April 2021

• *14 – Oropesa Tin Project – Drilling Progress Report, 10th May 2021

• *15 – Elementos commences feasibility development programs at the Oropesa Tin Project, 20th May 2021

Elementos confirms that Mineral Resource and Reserve estimates and Exploration Targets 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, Reserve or Exploration Target information included in the following announcements:

• *16 - Oropesa Tin Project – Drilling Progress Report, 2nd June 2021

• *17 - Oropesa Tin Project – Drilling Progress Report, 16th June 2021

• *18 - Cleveland Tin Project Co-Funding, 17th June 2021

• *19 - Cleveland Tin Project Co-Funding, 12th June 2021

• *1 - “Acquisition of Oropesa Tin Project” released on 31 July 2018

• *2 - “Significant Increase in Cleveland Open Pit Resource” released on 26 September 2018

• *3 - “Oropesa Exploration Target” released on 4th February 2019

• *4 - “Oropesa Tin Project Presentation to the 3rd Mining and Minerals Hall Conference” released on 18 October 2019

• *5 – “Oropesa Tin Project –Drilling Progress Report” released on 6th January 2021

• *6 – “Oropesa Tin Project –Drilling Progress Report” released on 19th January 2021

• *7 – “Oropesa Tin Project –Drilling Progress Report” released on 8th February 2021

Competent Person Statement

The information in this report is based on and fairly represents information and supporting documentation that has been compiled for this report. Mr Chris Creagh is a consultant to Elementos Ltd. Mr Creagh has reviewed and approved the technical content of this report. Mr Creagh is a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012). Mr Creagh is a Member of the Australasian Institute of Mining and Metallurgy and consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

Get in touch

Joe David Chief Executive Officer 0419 187 430 jd@elementos.com.au

==> picture [196 x 17] intentionally omitted <==

Elementos Limited Level 6, 10 Market Street Brisbane Queensland 4000 Phone: +61 7 3212 6299 elementos.com.au

==> picture [162 x 27] intentionally omitted <==