Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Calvin Treacy was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Calvin Treacy was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • 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 Duyuru • 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 Duyuru • 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 Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Calvin Treacy was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • 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 Duyuru • Oct 01
Elementos Limited, Annual General Meeting, Nov 27, 2025 Elementos Limited, Annual General Meeting, Nov 27, 2025. Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Calvin Treacy was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • 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 Duyuru • 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 Duyuru • 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: AU$14.8m (US$9.77m) 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 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 (AU$14.8m market cap, or US$9.77m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). Duyuru • Oct 10
Elementos Limited, Annual General Meeting, Nov 27, 2024 Elementos Limited, Annual General Meeting, Nov 27, 2024. New Risk • Aug 14
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 Earnings have declined by 6.8% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (7.6% increase in shares outstanding). Market cap is less than US$100m (AU$19.9m market cap, or US$13.2m). New Risk • Nov 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m (AU$50k revenue, or US$33k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Market cap is less than US$100m (AU$16.7m market cap, or US$11.1m). 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). 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 (AU$25.3m market cap, or US$16.0m). Duyuru • 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. Recent Insider Transactions • Aug 15
Non-Executive Chairman recently bought AU$57k worth of stock On the 11th of August, Andrew Greig bought around 400k shares on-market at roughly AU$0.14 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Andrew has been a buyer over the last 12 months, purchasing a net total of AU$162k worth in shares. 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. Duyuru • 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. Duyuru • 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. Duyuru • 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.