Announcement Date: 2022-08-16
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Elementos Ltd.
Project name: Oropesa
Location: Spain
Commodities: Tin
Highlight: Drilling results incl. 37.9m @ 0.34% Sn from 59.3m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Elementos Limited (ASX: ELT) has confirmed intersections of near-surface tin mineralisation at its Oropesa Tin Project, Spain, which are significantly broader than previously modelled by its 2021 Mineral Resource Estimate1 . The first hole to be completed in Elementos’ nine-hole infill drill program3 , drill hole ADD_24, returned broad intersections at the margins of the current geological resource, highlighted by the results below Elementos is committed to the safe and environmentally conscious exploration, development, and production of its global tin projects. The company owns two world class tin projects with large resource bases and significant exploration potential in mining-friendly jurisdictions. Led by an experienced-heavy management team and Board, Elementos is positioned as a pure tin platform, with an ability to develop projects in multiple countries. The company is well-positioned to help bridge the forecast significant tin supply shortfall in coming years. This shortfall is being partly driven by reduced productivity of major tin miners in addition to increasing global demand due to electrification, green energy, automation, electric vehicles and the conversion to lead-free solders as electrical contacts.
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