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Elementos Hits More Tin with Final Oropesa Infill Drilling Assay

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THE DRILL SERGEANT: Elementos (ASX: ELT) has hit further tin mineralisation zones at the company’s Oropesa tin project in Spain.

Elementos made the call after receiving assay results from the final infill drill hole from its 2022 Mineral Resource upgrade drilling program that was undertaken to upgrade the remaining Inferred Mineral Resources that sit within the 2022 Optimisation Study US$30,000/t pit shell.

Drill hole ADD_33 returned three noteworthy zones of tin mineralisation.

11.2 metres at 0.51 per cent tin & 1.37 per cent zinc from 86.2m;
4.6m at 0.34 per cent tin & 0.15 per cent zinc from 119.3m; and
20.2m at 0.18 per cent tin & 0.07 per cent zinc from 131.4m.

The company declared the final assay result as a positive end to a drilling program that had increased its understanding and level of confidence of the Oropesa Mineral Resource.

“Our geological team is well underway with updating and modelling this part of the Mineral Resource, with the aim of upgrading the targeted Inferred tonnes that reside within the 2022 Optimisation Study US$30,000 per tonne pit shell to the Indicated classification,” Elementos managing director Joe David said in the company’s ASX announcement.

“This would result in all tonnes within the pit shell being available for assessment when modifying the Mineral Resource (during the Feasibility Study) to JORC Ore Reserves.

“Our goal is to have the upgraded Oropesa tin project Mineral Resource Estimate released to the market during February, and the DFS completed before mid-year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Elementos Commences Exploration Drilling at Oropesa Tin Project

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THE DRILL SERGEANT: Elementos (ASX: ELT) has commenced an eight-hole exploration drilling campaign at the company’s Oropesa tin project in Spain.

Elementos explained the drilling will target additional mineralisation outside the project’s 2021 Mineral Resource Estimate (MRE).

The drilling has been designed based on results from the recent 10-hole infill drilling and a geotechnical drill program in 2022 at Oropesa.

Five shallow diamond drill holes will target potential up-dip and therefore shallower mineralisation towards the southeast margin of the Mineral Resource.

Three diamond drill holes will target potential extensions to tin and zinc mineralisation intersected in one of the earlier geotechnical drill holes from 2022 located northwest of the current Mineral Resource boundary.

Elementos is currently awaiting one batch of assays to finalise an update to the 2021 MRE and support Oropesa’s Definitive Feasibility Study (DFS).

“We are advancing rapidly towards completing the DFS and increasing the confidence of the Mineral Resource Estimate,” Elementos managing director Joe David said in the company’s ASX announcement.

“However, Oropesa remains prospective for additional mineralisation so it’s quite exciting to kick off this exploration drilling program which will test extensions to our current Mineral Resource.

“Additional mineralisation, if intersected, should give our shareholders extra confidence that Oropesa’s Mineral Resource is yet to be fully defined and the possibility that additional mineralisation and therefore mine life may exist outside the known mineralisation.

“Exploration is underway during a time when the tin price is surging, based on what appears to be a return to fundamental supply-demand analysis which shows a significant deficit in the tin market from 2024/2025 onwards.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Elementos Confirms Oropresa Project’s Tin Potential

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THE DRILL SERGEANT: Elementos (ASX: ELT) reported that pilot scale metallurgical test work has confirmed ore from the company’s Oropesa tin project in Andalucía, Spain can be processed via a conventional tin flow sheet to produce a high-grade and commercially desirable tin concentrate.

Elementos said the metallurgical upgrade results from the pilot plant have confirmed the project’s Definitive Feasibility Study (DFS) flow sheet as well as production of a commercially appealing greater than 61 per cent tin concentrate with low impurity specifications.

“After a prolonged yet detailed metallurgical program Elementos is very pleased to be able to release these robust metallurgical results,” Elementos managing director Joe David said in the company’s ASX announcement.

“These results confirm the DFS flowsheet for the project with a production of a commercially appealing, high-grade and low impurity, tin concentrate of around 61 per cent tin.

“The resulting concentrate is not only low in impurities but is confirmed to be produced with economic average recoveries above 74 per cent, using a conventional and modern tin concentrate process flow sheet.

“This pilot scale flowsheet is now the basis for the DFS.

“We are pleased that this test work has built-on the core flowsheets from previous test work programs, with only minor optimisation changes being made during this program to creating a more robust flowsheet and concentrate product.

“The flow sheet from this test work will now be provided, under the ECI contract, to Duro Felguera who we will work alongside to mature the process engineering through the DFS design gates and into an EPC delivery contract.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.elementos.com.au

 

Elementos Extends Cleveland Tin and Tungsten Mineralisation

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THE DRILL SERGEANT: Elementos Limited (ASX: ELT) claimed confirmation of extensions to both the Battery Tin-Copper Lode and deeper Foley’s Tungsten Zone at the company’s Cleveland tin project in Tasmania.

Elementos reported assay results from a recently completed reconnaissance diamond drill hole program that included:

Tungsten intercept of 14.2 metres at 0.36 per cent tungsten from 221m; and

Tin-copper intercept of 3.85m at 1.05 per cent tin and 0.28 per cent copper from 64.25m.

Foley’s Zone is one of two known deposits at Cleveland, the other being Battery Lode, that make up part of the project’s Mineral Resource.

“In just one hole, in an area with very little historical exploration, the company has made a significant development at the Cleveland project, extending both the Battery Tin-Copper Lode and identifying new tungsten mineralisation 150 metres above the existing Foley’s Zone,” Elementos managing director Joe David said in the company’s ASX announcement.

“This is firm evidence that the current Cleveland Mineral Resource and geological model does not fully encapsulate the immense potential of the deposit.

“We’ve shown further mineralisation exists, close to the current resource, closer to the surface and in very close proximity to historical underground mine production drives.

“Our four-hole drill campaign is now complete ahead of more assays to follow.

“We will now proceed with downhole geophysical surveys and further geological interpretation before designing a targeted follow-up drill program.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@elementos.com.au

 

Web: www.elementos.com.au

 

Elementos Updates Oropesa Tin Project Mineral Resource Estimate

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THE DRILL SERGEANT: Elementos (ASX: ELT) reported an increase to the total Mineral Resource Estimate at the company’s 100 per cent-owned Oropesa tin project in Spain.

Elementos declared material increase to the tonnage, shallowness and geological confidence levels at Oropesa, resulting in a current MRE of 18.86 million tonnes at 0.4 per cent tin at a 0.15 per cent tin cut-off.

In the update, 16.62 million tonnes (88%) of the Mineral Resource is classified as Measured and Indicated, confirming both geological and grade continuity to support the preparation of a Definitive Feasibility Study.

Additionally, 4.97 million tonnes of the Mineral Resource in now within 100 metres of the surface.

“We are extremely pleased by the results of the updated Mineral Resource estimate which exceed the goals set by the company before the drilling program started last year in both the magnitude of the increase to the Mineral Resources tonnes and classification confidence compared to the 2018 numbers,” Elementos chief executive officer Joe David said in the company’s ASX announcement.

“These increases result in the project having a large, shallow and geologically confident Mineral Resource base to assess in our future mine planning studies, via techno-economic modification factors, and supports our goal of releasing a maiden JORC Ore Reserves Statement at Oropesa.

“In a period of record high tin prices, this upgraded Mineral Resource Estimate puts the company in a prime position to complete the mine planning stage of the Definitive Feasibility Study next year and move this project forward and into production.

“The company is well funded, with $5.2 million cash (at 30 September 2021) and approx. $6.3 million of exercisable options outstanding which expire during 2021.

“Elementos is well positioned to progress Oropesa through feasibility studies and into production.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@elementos.com.au

 

Web: www.elementos.com.au

 

Elementos Extends New Oropesa Tin Zone

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THE DRILL SERGEANT: Elementos Limited (ASX: ELT) reported a high-grade tin assay result from a recent diamond drill hole undertaken at the company’s 100 per cent-owned Oropesa tin project in Spain.

Elementos declared the result had added to the company’s confidence in the ability to grow the Oropesa tin resource at a time when global tin prices at all-time highs on both the London and Shanghai exchanges.

The company claimed Hole ADD_23 confirmed the high-grade extension of a recently reported shallow tin mineralisation zone.

Results from ADD_23 include (cut-off grade of 0.1 per cent tin):

18.7 metres at 0.55 per cent tin from 29.2m, including 6m at 1.1 per cent tin from 41.9m, 1m at 0.31 per cent tin from 74.5m, and 3.2m at 0.18 per cent tin from 21m.

“This final assay confirms further extension of the significant zone of shallow tin mineralisation recently identified at the project,” Elementos CEO Joe David said in the company’s ASX announcement.

“This assay result is significant in both its thickness and its high grade.

“This shallow tin zone will likely play a critical role in the re-definition of the updated Mineral Resource Estimate which is on track to be completed at the end of October 2021.

“The company is pleased to bring the data collection phase of the Mineral Resource Estimate to a close, completing a very successful program.

“This updated Mineral Resource Estimate, when completed, will set the foundations for a very robust European tin project.

“This mineralisation will underpin an updated mine plan, which in turn will underpin the economics of the project.

“The global spot tin price is currently at all-time-highs and if it remains elevated, this will likely materially change the economics of our project.

“The current tin price combined with an updated Mineral Resource Estimate has the company very excited about the path forward for our shareholders moving into our Definitive Feasibility Study for Oropesa.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@elementos.com.au

 

Web: www.elementos.com.au

 

Elementos Continues Oropesa Tin Encounters

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THE DRILL SERGEANT: Elementos (ASX: ELT) reported on a current drilling campaign underway at the company’s Oropesa tin project in Spain.

Elementos informed the market of the receipt of assays for a further five diamond drill holes to follow 22 diamond drill holes previously reported from this program.

Results include:

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12.5 metres at 0.8 per cent tin from 36.3m, 6.7m at 0.31 per cent tin from 67.1m, 15.9m at 0.28 per cent tin from 100.6m;

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9m at 0.3 per cent tin from 84.6m, 10.1m at 0.24 per cent tin from 124.1m;

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16.5m at 0.23 per cent tin from 19.4m, 5.5m at 0.39 per cent tin from 42.7m; and

Expn_060
22.9m at 0.28 per cent tin from 6.1m, 8.6m at 0.21 per cent tin from 59.0m, 22.6m at 0.23 per cent tin from 69.4m.

“The confirmation of the tin mineralisation continuity at Oropesa provides strong support that the company’s geological knowledge of the deposit is robust,” Elementos CEO Joe David said in the company’s ASX announcement.

“This continued confirmation has led to the recent announcement (20 May, 2021) by the company to commence feasibility development programs on the project whilst the drilling program is in its final stages.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@elementos.com.au

 

Web: www.elementos.com.au

 

 

Elementos Commences Feasibility Programs at Oropesa Tin Project.

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THE DRILL SERGEANT: Elementos (ASX: ELT) announced the commencement of feasibility development programs at the company’s Oropesa tin project in Spain.

Elementos said the activity will consist of a series of metallurgical, geotechnical and hydrogeological investigations, supported by laboratory test work and engineering studies.

The upcoming work is to be funded by proceeds from the company’s recent capital raising, with the studies to be run in parallel with the current resource drilling program and planned Mineral Resource Estimate update.

“Elementos has approved these programs due to the continued encouraging results we have seen from the resource drill program and the overwhelming support we’ve received from our shareholders and the strong interest in Oropesa from the wider global tin market,” Elementos CEO Joe David said in the company’s ASX announcement.

“The parallel tracking of these programs with the final resource drilling and Mineral Resource Estimate will put the company in the best possible position to finalise the evaluation and development of the Oropesa tin project.”

 

 

Email: admin@elementos.com.au

 

Web: www.elementos.com.au

 

Elementos Reports Further Oropesa Tin Intercepts

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THE DRILL SERGEANT: Elementos (ASX: ELT) reported that recent activity has confirmed further continuity of mineralisation at the company’s Oropesa tin project in Spain.

Elementos is currently undertaking a drilling and optimisation campaign to increase the confidence of the Mineral Resource at the flagship Oropesa tin project that is happening just as falling inventories saw tin prices touch historic highs.

The company received assays for an additional diamond drill hole that was drilled last month, confirming mineralisation of:

Expn_016
2.7 metres at 0.39 per cent tin from 74.3m;
33.3m at 0.22 per cent tin from 92m; and
15.1m at 0.53 per cent tin from 138.4m.

The company explained these results are in addition to 21 diamond drill holes it has previously reported from this program.

Elemontos said the drilling program was now over 70 per cent completed and was on track to complete the company’s objectives.

“The continued rally of the tin price over the last 12 months to over US$34,000 per tonne is providing strong encouragement for the company to rapidly advance the development of the Oropesa project, one of the world’s highest-grade, opencut tin developments.” Elementos CEO Joe David said in the company’s ASX announcement.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@elementos.com.au

 

Web: www.elementos.com.au