ELEMENTOS LIMITED — Regulatory Filings 2012

Jul 29, 2012

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30 JULY 2012

TAMAYA IP GEOPHYSICS PROGRAM TO TEST FOR PORPHYRY AND STRUCTURALLY RELATED MINERALISATION

Elementos Limited (ASX: ELT) (“Elementos” or the “Company”) is pleased to announce a planned second phase geophysical survey at the Tamaya Project, central Chile.

The Induced Polarisation Pole-dipole (“IPPD”) survey will test for two styles of mineralisation:

• Porphyry mineralisation in the eastern sector as indicated by the encouraging results of the recent mapping, sampling and ground magnetometry survey; and

• Structurally related mineralisation in the three main north-south structural trends, including the main vein that was historically mined for high-grade copper (sulphide) mineralisation.

Porphyry Target

The ground magnetometry survey completed in April 2012 outlined a large magnetic anomaly (Figure 1) that is related with evidence of porphyry mineralisation in the eastern sector of the property. The IPPD survey will test for chargeability anomalies (the presence of potential sulphide mineralisation related to the porphyry) within the magnetic anomaly.

Moreover, Elementos’ mapping has identified evidence of potential porphyry related mineralisation similar to that at the Carmen de Andocollo mine, 40 kilometres to the north, and at the Llhaium deposit, 85 kilometres to the south, including:

• Porphyry clasts with disseminated mineralisation within breccia structures in the Eastern zone;

• Strong potassic alteration in association with the high-grade mineralisation in structures in the Eastern and Central zones, grading to moderate in the Northern and Tortolas prospects;

• Multiple porphyry mineralisation related features, including:

• Calcite-sulphide veining with very high-grade copper mineralisation;

• Phreatomagmatic breccias, including a magnetite rich matrix and minor copper mineralisation in the matrix and as clasts;

• Silica-sulphide breccia, veinlets and stockwork with 2% to 7% copper;

• Tourmaline breccias with minor disseminated mineralisation in the matrix; and

• “A-type” texture veinlets and stockworking in the Eastern, Central and Tortolas prospects with calcite, silica or magnetite-specularite fill.

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Figure 1: A 3-D model of the ground magnetic data indicates the presence of a large westerly dipping magnetic body in the eastern sector, coincident with mineralised porphyry clasts and potassic alteration in breccia structures.

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Figure 2: (Left) Potassic alteration overprinting the rhyolitic dome with potassic-feldspar and magnetite, and chlorite replacing biotite. The dome is strongly fractured locally. (Right) Dark siliceous breccia with a parallel stockwork in the wallrock from the side of a narrow old working at Campanil Prospect. Note the strong pink, potassic (high-temperature) alteration to the normally dark-grey andesite host rock.

Structurally Related Mineralisation

A number of close-spaced IP lines will be run across the structures at Central and Tortolas. The aim of this survey is to identify:

• Depth, approximate dip angles and strike extensions of the known highgrade copper structures identified on the surface, and blind structures at depth; and

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• Potential zones of sulphide mineralisation (chargeability highs) in the broad shear and breccia structures that host the main veins.

Planned IPPD Survey

The contractor has been commissioned and the crew is scheduled to arrive on site to commence the IPPD survey by mid-August.

The aim of the survey, which is capable of penetrating to a depth of at least 500 to 600 metres, is to identify anomalies that may represent porphyry mineralisation. It will also test the depth potential of the multiplicity of mineralised veins and structures that have been identified at surface.

The information obtained from the survey will be used to refine the drill target selection, especially related to the evaluation of the porphyry potential, for the drilling program planned for the fourth quarter.

For more information, please contact:

Corey Nolan

Managing Director Phone: +61 (7) 3221 7770 Email: admin@elementos.com.au

Elementos is an Australian, ASX-listed, copper and gold exploration company, with projects in Chile, Argentina and Australia. The properties are all in mineral rich, highly prospective provinces, with developed infrastructure nearby. Please visit us at: www.elementos.com.au

COMPETENT PERSON STATEMENT

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Alistair Grahame, a member of the Australian Institute of Geoscientists. Mr Grahame is a full-time employee of Elementos Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which it is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ Mr Grahame consents to the inclusion in the report of the matters based on his information in the form and context.

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