Elementos Extends Tin and Tungsten Mineralization Finds in Tasmania

Elementos Ltd has confirmed major tin (Sn) and tungsten (W) extensions at the Battery Sn-Cu zone and the deeper Foley W zone at its Cleveland tin project in Tasmania. The company has received satisfactory exploration results from a recently completed exploration diamond drill program, including 14.2 meters of tungsten trioxide intersections from 221 meters and 3.85 meters of 1.05% Sn and 0.28% copper Sn-Cu intersections from 64.25 meters.

Battery Lode and Foley's Zone are known deposits in Cleveland that contribute to the project's mineral resources. C2119 was drilled to a depth of 300 meters and targeted an untested area between the northeast and southwest dips of the old Cleveland underground mine and its current JORC 2012 compliant mineral resources.

Following these assay results, an additional 59 samples were taken from core C2119 and sent for further assaying. “With just one hole, we have made significant progress on our Cleveland project, expanding the Battery Sn-Cu zone and discovering new tungsten mineralization 150 meters above the existing Foley's zone in an area that has historically been little explored," said Joe David, General Manager of Elementos.

Joe said, "The good exploration results demonstrate that the current mineral resource and geological model for Cleveland do not fully capture the vast potential of the deposit. We have demonstrated the presence of additional mineralization that is much closer to the surface. Our four-hole drilling campaign is now complete and more assay results will follow. We will now conduct a downhole geophysical survey and further geological interpretation, and then design a targeted follow-up drilling program."

Elementos is positioned as a geographically diversified tin company with a portfolio of skills to develop projects in multiple countries. The company is dedicated to the exploration, development, production, and transportation of safe and environmentally friendly Sn. The discovery of tungsten mineralization may prompt the company to enter new markets.

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