Aankondiging • Feb 19
Elementos Limited has completed a Follow-on Equity Offering in the amount of AUD 29.5035 million. Elementos Limited has completed a Follow-on Equity Offering in the amount of AUD 29.5035 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 86,775,000
Price\Range: AUD 0.34
Discount Per Security: AUD 0.017
Transaction Features: Subsequent Direct Listing Aankondiging • Feb 17
Elementos Limited has filed a Follow-on Equity Offering in the amount of AUD 29.5035 million. Elementos Limited has filed a Follow-on Equity Offering in the amount of AUD 29.5035 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 86,775,000
Price\Range: AUD 0.34
Discount Per Security: AUD 0.017
Transaction Features: Subsequent Direct Listing Aankondiging • Jan 23
Elementos Limited has completed a Follow-on Equity Offering in the amount of AUD 8.716353 million. Elementos Limited has completed a Follow-on Equity Offering in the amount of AUD 8.716353 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,499,999
Price\Range: AUD 0.28
Discount Per Security: AUD 0.0168
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,928,573
Price\Range: AUD 0.28
Discount Per Security: AUD 0.0168
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,701,261
Price\Range: AUD 0.28
Discount Per Security: AUD 0.0168
Transaction Features: Subsequent Direct Listing Aankondiging • Dec 23
Elementos Limited has completed a Follow-on Equity Offering in the amount of AUD 0.779876 million. Elementos Limited has completed a Follow-on Equity Offering in the amount of AUD 0.779876 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,785,272
Price\Range: AUD 0.28
Discount Per Security: AUD 0.014
Transaction Features: Rights Offering Aankondiging • Oct 01
Elementos Limited, Annual General Meeting, Nov 27, 2025 Elementos Limited, Annual General Meeting, Nov 27, 2025. Aankondiging • Jul 17
Elementos Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million. Elementos Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 58,277,698
Price\Range: AUD 0.0848
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 684,566
Price\Range: AUD 0.0848
Transaction Features: Subsequent Direct Listing Aankondiging • May 20
Elementos Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million. Elementos Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 58,277,698
Price\Range: AUD 0.0848
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 684,566
Price\Range: AUD 0.0848
Transaction Features: Subsequent Direct Listing Aankondiging • Dec 03
Elementos Limited has completed a Follow-on Equity Offering in the amount of AUD 2.428717 million. Elementos Limited has completed a Follow-on Equity Offering in the amount of AUD 2.428717 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,654,614
Price\Range: AUD 0.095
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,910,832
Price\Range: AUD 0.095
Transaction Features: Rights Offering New Risk • Nov 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.15m (US$9.75m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (35% average weekly change). Earnings have declined by 1.4% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€9.15m market cap, or US$9.75m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). Aankondiging • Oct 10
Elementos Limited, Annual General Meeting, Nov 27, 2024 Elementos Limited, Annual General Meeting, Nov 27, 2024. New Risk • Aug 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (41% average weekly change). Earnings have declined by 6.8% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (7.6% increase in shares outstanding). Market cap is less than US$100m (€12.0m market cap, or US$13.1m). New Risk • Oct 18
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.9m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m (AU$50k revenue, or US$32k). Minor Risks Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Market cap is less than US$100m (€15.2m market cap, or US$16.0m). Aankondiging • Sep 28
Elementos Limited, Annual General Meeting, Nov 17, 2023 Elementos Limited, Annual General Meeting, Nov 17, 2023, at 11:00 E. Australia Standard Time. Breakeven Date Change • Jun 30
Forecast to breakeven in 2026 The analyst covering Elementos expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$16.5m in 2026. Average annual earnings growth of 39% is required to achieve expected profit on schedule. Aankondiging • May 26
Elementos Limited Announces the Resignation of Brett Smith as Director Elementos Limited advised that Mr. Brett Smith has resigned as a director of Elementos Limited to focus on his other business interests. Brett has been a director for the past three years and played an important role in the Company's journey from an early-stage tin developer through to maturing its flagship Oropesa tin project to the final stages of the Definitive Feasibility Study. Aankondiging • Feb 14
Elementos Limited Announces A 2023 Mineral Resource Estimate Update At Its Oropesa Tin Project, Spain Elementos announced a 2023 Mineral Resource Estimate (MRE) Update at its Oropesa Tin Project, Spain. The MRE update has achieved its goal of significantly upgrading the Inferred and Indicated Mineral Resource categories, increasing the geological confidence of the deposit. The MRE will be further assessed for conversion to JORC Ore Reserves, via techno-economic modification factors, during Oropesa's Definitive Feasibility Study (DFS) which is currently underway and schedule for delivery during Second Quarter CY2023. The Oropesa Tin Project MRE update was completed by Measured Group, following completion of an 11-hole in-fill drilling program and supersedes the Mineral Resource Estimate previously released in November 2021. The Oropesa property represents a 13km² concession package (Investigation Permit No. 13.050) located approximately 75km northwest of Cordoba and 180km northeast of Seville, within the province of Andalucía, in southern Spain. Elementos currently holds a 100%^ interest in the Oropesa property with registered title to the property with the Andalucia mining authorities under the Spanish Mining Act through its 100%1 subsidiary Minas de Estaña de España SLU (MESPA). The Oropesa deposit is located within the Espiel Thrust Sheet, at the western margin of the Peñarroya basin, a Carboniferous, trans-tensional basin that formed during the Late Carboniferous Hercynian/Variscan orogeny. The Espiel Thrust Sheet is located between Ossa-Morena Zone and Central Iberian Zone within the Iberian Massif in southern Spain. The Oropesa project area comprises intercalated sandstones and conglomerates with rare siltstones and shales. The sedimentary units have complex geometries, reflecting an active depositional environment and syn-sedimentary faulting. This geometry has been further complicated by a subsequent phase of deformation involving the re- activation of some basin-controlling faults as strike slip and reverse faults with associated folding of the stratigraphic package, producing upright to locally overturned bedding. The majority of the tin mineralisation (cassiterite with minor stannite) is replacement style, primarily occurring in granular sandstones at the contacts between the sandstone and conglomerate units. The mineralisation is volumetrically more significant as replacement style within the sandstones, however fault/structurally hosted mineralisation has also been interpreted as occurring within reverse thrust fault zones that bound and occur within the deposit. The tin mineralisation is associated with pervasive leaching of the host rocks, silica alteration and several phases of paragenetically late disseminated to semi-massive sulphides. The geometry of the Oropesa deposit is primarily the result of two major deformation phases, an initial strike-slip to extensional phase of deformation during basin formation followed by a strong contractional overprint. The initial phase of basin formation produced a complicated geometry characterised by at least two major fault orientations: a basin-parallel, NW striking fault set, the original dip of which is still uncertain, and an oblique N-S striking, fault set with steep to subvertical dips. Both fault sets appear to have been active during basin formation, producing rapid lateral facies changes and the characteristic wedge-shaped stratigraphic packages interpreted from drill hole lithology logging. Post sediment deposition tectonic activity appears to have been a key mechanism in providing structural conduits for mineralising fluids contemporaneously providing more permeable locations along the sandstone/conglomerate contact zones for the development of the ore body. The geological interpretation of the Oropesa resource is based on the application of progressive analysis of the reported and observed data and the application of strike-slip restraining stepover geometries to the Oropesa deposit (McClay and Bonora, 2001). This model is based on the re-activation of basement structures by sinistral strike-slip movement in a northwest-southeast orientation that results in pop-up structures within the basin that are bounded by steep to shallow dipping reverse faults of similar orientation to the bounding structures but also can occur as pseudo-Riedel sheer structures between the bounding structures. This model can be used to explain the steeply dipping sedimentary boundaries adjacent to shallow dipping layers, separated by reverse thrust fault zones which are frequently located along the boundary between the sandstones and conglomerates (zones of weakness). The development of the thrust zones along the sedimentary boundaries enhances the permeability of these zones in preparation for the influx of mineralising fluids. This could explain the presence of a large proportion of the mineralisation at Oropesa along these lithological boundaries, albeit significantly deformed. The thrust planes promote the development of localised overturned folds. Aankondiging • Jan 28
Elementos Limited Commences Exploration Drilling at Oropesa Tin Project Elementos Limited has commenced an eight-hole 1,000m exploration drilling campaign at its Oropesa Tin Project, Spain, targeting additional mineralisation outside the 2021 Mineral Resource Estimate (MRE). The drilling will target the north-west and south-east ends of the deposit, and was designed based on results from the recent 10-hole infill drilling and the geotechnical drill program in 2022 at Oropesa. The company is awaiting one batch of assays to finalise an update to the 2021 MRE and support Oropesa's Definitive Feasibility Study (DFS). South-East Exploration Targets: Five shallow diamond drill holes will target potential up-dip and therefore shallower mineralisation towards the southeast margin of the Mineral Resource. North-West Exploration Targets: Three diamond drill holes will target potential extensions to significant tin and zinc mineralisation intersected in geotechnical drill hole SGT-04² in 2022 located northwest of the current Mineral Resource boundary. Aankondiging • Jan 10
Elementos Limited Provides Oropesa Infill Drilling Update Elementos Limited report assay results from its latest two infill drill holes at its Oropesa Tin Project, Spain, which have intersected large zones of tin mineralisation. Elementos' infill drilling program continues to extend mineralisation beyond the Oropesa geological resource model, which underpinned the 2021 Mineral Resource Estimate. Drill hole ADD_28 has returned three significant zones of tin mineralisation which exceed the 2021 geological resource estimate cut-off grade of 0.15% Sn. These three zones have an impressive combined downhole length of 99.8m (true width interpreted to be approximately 50m), and sit largely outside the previously modelled Mineral Resource wireframes. Drill hole ADD_29 also intersected and confirmed narrow zones of previously modelled tin mineralisation, increasing Elementos' confidence in the geological model. Recent Insider Transactions • Jul 20
Non-Executive Chairman recently bought €129k worth of stock On the 15th of July, Andrew Greig bought around 449k shares on-market at roughly €0.29 per share. This was the largest purchase by an insider in the last 3 months. This was Andrew 's only on-market trade for the last 12 months. Executive Departure • Nov 26
Non-Executive Director Christopher Dunks has left the company On the 26th of November, Christopher Dunks' tenure as Non-Executive Director ended. As of September 2021, Christopher still personally held 175.00k shares (€61k worth at the time). Christopher is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.58 years. Recent Insider Transactions • Feb 11
Insider recently sold €422k worth of stock On the 8th of February, Mark Wellings sold around 50m shares on-market at roughly €0.0084 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €837k more than they bought in the last 12 months. Aankondiging • Jan 20
Elementos Limited Announces Oropesa Tin Project Drilling Progress Report Elementos Limited reported further confirmation of significant zones of mineralisation in the current campaign to convert existing Inferred Resources into Indicated Resources at its Oropesa Tin Project in Spain. Assays for three diamond drill holes that were completed in December 2020 have been received from the ALS laboratory in Galway, Ireland. Significant zones of mineralisation interpreted from these results are shown are Expn_010:- 12.3m @ 0.53% Sn from 37.7m, Expn_010:- 10.6m @ 0.38% Sn from 83.2m, Expn_010:- 17.9m @ 0.22% Sn from 106.9m, Expn_010:- 13.3m @ 0.26% Sn from 183.2m, Expn_010:- 6.3m @ 0.34% Sn from 199.1m, Expn_040:- 9.6m @ 0.20% Sn from 48.2m, Expn_041:- 2.2m @ 0.40% Sn from 48.9m. The company started 5000m of diamond drilling across 47 holes at Oropesa in early October 2020 as part of a wider optimisation program designed to increase the project's overall resource, annual production rate and mine life. Elementos Chairman Mr. Andy Greig commented on the drilling results to-date. Recent Insider Transactions • Jan 13
Insider recently sold €267k worth of stock On the 6th of January, Mark Wellings sold around 50m shares on-market at roughly €0.0053 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €415k more than they bought in the last 12 months. Aankondiging • Jan 06
Elementos Limited Announces Oropesa Tin Project Elementos Limited's campaign to convert existing Inferred Resources into Indicated Resources at its Oropesa Tin Project in Spain is gathering momentum following confirmation that significant zones of mineralisation have been intersected at the project in early drilling. The company started 5000m of diamond drilling across 47 holes at Oropesa in early October 2020 as part of a wider optimization program designed to increase the project's overall resource, annual production rate and mine life. Significant zones of mineralization are: Expn_011:- 14.2m @ 0.25% Sn from 55.4m; Expn_011:- 3.1m @ 0.24% Sn from 77.0m; Expn_012:- 1.3m @ 0.39% Sn from 51.4m; Expn_020:- 3.9m @ 0.63% Sn from 36.5m; Expn_021A:- 7.1m @ 0.22% Sn from 43.2m; Expn_021B:- 9.8m @ 0.22% Sn from 19.5m. The program was initially planned for 42 diamond drill holes but was subsequently expanded to include an additional five holes with potential to contain unconfirmed shallow tin resources. The program's three principal objectives are: To convert existing Inferred Resources into Indicated Resources to improve the overall waste-to-ore stripping ratio, Confirmation of near surface, possibly fault controlled mineralisation that is currently excluded from the 2017 geological resource model, and Testing for additional near surface resources from exploration targets identified from Induced Polarisation (IP) geophysical survey anomalies. Recent Insider Transactions • Dec 17
Insider recently sold €148k worth of stock On the 15th of December, Mark Wellings sold around 30m shares on-market at roughly €0.0049 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Aankondiging • Dec 15
Elementos Limited Detects Several New Significant Zones of Tin Mineralisation at Oropesa Tin Project in Spain Elementos Limited has detected several new significant zones of tin mineralisation at the company's Oropesa Tin Project in Spain following a fresh review of historical drill core samples. Notably, the review, which examined more than 170 diamond drill holes, resulted in the collection of 207 samples for assay for tin. The new zones of mineralisation identified during this program occur from near the surface to towards the base of the known resource. Elementos Chairman Mr. Andy Greig said the company was encouraged by the review which coincides with the company's current diamond drilling program scheduled across 47 holes for approximately 5,000m. Aankondiging • Dec 04
Elementos Limited Provides Progress Report on the 2020 Exploration Drilling Program At Its Flagship Oropesa Tin Project in Spain Elementos Limited provided a progress report on the 2020 exploration drilling program at its flagship Oropesa Tin Project in Spain. At the time of reporting the programme has completed 14 diamond drill holes for a total of 1025.7m. Exploration drilling at Oropesa started in early October 2020 as part of a wider optimisation program designed to increase the project's overall resource, annual production rate and mine life. This drilling program follows the release of the company's Oropesa Economic Study in May 2020, which positioned the project as a low cost, globally significant new tin development with a prospective annual production of 2,440 tonnes of tin-in-concentrate over a 14-year mine life. The initial drilling programme was planned for 42 diamond drill holes for approximately 5,000m of drilling. The drilling programme has been subsequently modified to include an additional 5 shallow diamond drill holes for a total of 47 drill holes in zones that have been identified as having potential to contain unconfirmed shallow tin resources. The drilling programme has been planned to expand and optimise Oropesa's JORC Mineral Resource (1). The current drilling programme has three principal objectives: To convert existing Inferred Resources into Indicated Resources to improve the overall waste-to-ore stripping ratio, Confirmation of near surface, possibly fault controlled mineralisation that is currently excluded from the 2017 geological resource model, and Testing for additional near surface resources from exploration targets identified from Induced Polarisation (IP) geophysical survey anomalies. Sondeos & Perforaciones Industriales Del Bierzo, SA (SPIB) has been contracted to complete the program of work under a contract that has been signed with Elementos' Spanish subsidiary Minas De Estano de Espana (MESPA). Sampling of the drill core is currently underway. The drill core is being sampled as half core and is being carried out by experienced personnel in a series of campaigns. The samples will be sent for analysis at a commercial laboratory. Tin mineralisation (cassiterite) at Oropesa is associated with disseminated to semi-massive sulphide mineralisation, predominantly pyrite and arsenopyrite, with associated pervasive silica alteration and lesser chlorite alteration. There is a strong stratigraphic and lithological control on the distribution of mineralisation. The majority of the mineralisation at Oropesa occurs as a replacement for the matrix within a sandstone proximal to adjacent conglomerate contacts. Volumetrically, lesser fault related mineralisation has also been recognised and may represent possible mineralising fluid feeder conduits. Cassiterite mineralisation at Oropesa is rarely visible to the naked eye. Historical exploration mineralogical reports (¹) have reported a strong relationship between tin mineralisation (cassiterite) and sulphide mineralisation. High levels of oxidation of the sulphide mineralisation to iron oxides has been observed and recorded in drill logs from previous drilling campaigns at Oropesa. These oxidised zones occur near the surface (gossans) and within sub-vertical fault zones. Historical drilling data indicates that these highly
oxidised zones can contain significant quantities of tin mineralisation (cassiterite). Figure 1, from drill hole Expn_010, is an example of this from the current drilling programme. The drill core from Expn_010 has not been assayed by a commercial laboratory, and the presence of cassiterite has not been confirmed. Drill core samples from all the completed drill holes are currently being prepared for assay by company personnel at the company's facility in Fuente Obejuna. Aankondiging • Nov 11
Elementos Limited Intersects Visible Mineralisation in Four of the Initial Six Diamond Drill Holes Completed To-Date in the 2020 Exploration Drilling Program at its Oropesa Tin Project in Spain Elementos Limited has intersected visible mineralisation in four of the initial six diamond drill holes completed to date in the 2020 exploration drilling program at its Oropesa Tin Project in Spain. Exploration drilling at Oropesa started in early October as part of a wider optimisation program designed to increase the project's overall resource, annual production rate and mine life. This drilling program follows the release of the company's Oropesa Economic Study in May, which positioned the project as a low cost, globally significant new tin development with a prospective annual production of 2,440 tonnes of tin in concentrate over a 14year mine life. Approximately 5,000m of drilling in 42 drill holes has been planned to expand and optimise Oropesa's JORC Mineral Resource. The new drilling program has three principal objectives: To convert existing Inferred Resources into Indicated Resources to improve the overall waste to ore stripping ratio, Confirmation of near surface, possibly fault controlled mineralisation that is currently excluded from the 2017 geological resource model, and Testing for additional near surface resources from exploration targets identified from Induced Polarisation (IP) geophysical survey anomalies. Sondeos & Perforaciones Industriales Del Bierzo, SA (SPIB) has been contracted to complete the program of
work under a contract that has been signed with Elementos' Spanish subsidiary Minas De Estano de Espana (MESPA). No samples of the drill core have been collected to date for assay. Sampling of the drill core will be carried out by experienced personnel as a series of campaigns. Tin mineralisation (cassiterite) at Oropesa is associated with sulphide mineralisation, predominantly pyrite and arsenopyrite, with associated pervasive silica alteration. There is a strong stratigraphic and lithological control on the distribution of mineralisation. The majority of the mineralisation at Oropesa occurs as a replacement for the matrix within a sandstone proximal to adjacent conglomerate contacts. Volumetrically, lesser fault related mineralisation has also been recognised and may represent possible mineralising fluid feeder conduits. Weathering and oxidation of sulphides has been recognised at Oropesa to depths greater than 100m, particularly in close proximity to fault zones. Mineralised zones can be recognised in the weathered zones of the drill core by the significant development of iron oxide minerals having replaced the sulphides, along with other textures that have been recognised at Oropesa as representing zones of tin mineralisation. Two examples of the mineralisation intersected todate are depicted in the images overleaf. Exploration drill hole Expn_011 is the first of a number of drill holes designed to confirm near surface, possibly fault controlled mineralisation that has been recognised in earlier reports but is excluded from the 2017 geological resource model. Significant development of oxidised sulphide and mineralising textures have been recognised in the core of Expn_011 in three separate zones down hole. The zones of mineralisation within Expn_011 are from 9 - 24m, 55 - 70m and 74 - 87.6m. Exploration drill hole P53 was sighted approximately 600m to the northwest of the Oropesa geological resource on a significant IP geophysical anomaly to test for extensions to the known resource. Drill hole P53 intersected fresh semimassive sulphide mineralisation from a down hole depth of 188.9 to 190.2m. The mineralisation is contained within a steeply dipping structure that coincides with the IP anomaly within a quartzite. No replacement mineralisation within sandstones that typifies the mineralisation at Oropesa was intersected in this drill hole. Mineralisation was also recognised within Expn_020 from 36.5m - 40.4m and within Expn_012 from 51.4m - 52.7m. All zones of mineralisation intersected to date will be sampled as half core and sent for analysis at a commercial laboratory. Aankondiging • Sep 22
Elementos Limited to Revise Environmental Impact Study for Enhanced Oropesa Tin Project Elementos Limited has appointed Environmental Resources Management (ERM) to update the Environmental Impact Study (EIS) for its Oropesa Tin Project in Spain. Completed by the project's previous owner Eurotin Ltd, the EIS is being revised to better align with the company's redesigned mine development plan which now proposes an open-cut operation, a significantly reduced site footprint, enhanced ore- processing, and greater utilisation of the resource to decrease waste. The company's Spanish team, led by Oropesa Project Manager Emilio Hormaeche, will work closely with ERM's Madrid-based team to progress a program of works that consists of: Enhancing previous baseline studies which involves the collection, analysis of historical and bibliographic data and the execution of specific studies that cover information gaps; Conducting final specific additional studies to evaluate the environmental and social impacts of the project; and Developing an updated EIS to be submitted to the permitting authorities and for public consultation, as per the formal procedures. The EIS will be part of the package of documents that Elementos is required to submit for the granting of a Unified Environmental Authorization (AAU), a key regulatory requirement for a mining permit. ERM will also prepare a number of environmental annexes as part of the EIS, that may be presented separately in such a way that they can be included as supporting documentation for the AAU. Aankondiging • Aug 06
Elementos Limited announced that it expects to receive AUD 2.552 million in funding Elementos Limited (ASX:ELT) announced a private placement of 464,000,000 shares at a price of AUD 0.0055 per share for gross proceeds of AUD 2,552,000 on August 6, 2020. The transaction will include participation from institutional, sophisticated and accredited investors. The company will also issue 140,909,091 options to acquire shares, on a one for three basis, with an exercise price at AUD 0.009 per share expiring on August 31, 2022. The transaction is subject to approval from its shareholder's approval for issuance of 41,272,727 shares. 167,894,177 shares will be issued under 7.1 and 254,833,096 share will be issued under 7.1 A. The expected payment date is August 14, 2020.