Elementos Expands Oropesa Tin Horizons with New Tenement Acquisition in Spain

Elementos Limited (ASX: ELT) has secured four additional mining tenements in Cordoba Province, Spain, further bolstering its Oropesa Tin Project. The Andalusian Government's continued support underscores the project's strategic importance and potential. These newly acquired tenements, previously relinquished mining rights, have been identified as highly prospective for mineral exploration and offer valuable access and infrastructure benefits for the Oropesa Project.

Elementos has secured four additional tenements adjacent to the Oropesa Tin Project in Spain, enhancing the strategic development of the project. These tenements are geologically prospective for base and critical minerals, including tin, copper (VMS and porphyry style), fluorspar, REEs (such as dysprosium), and lithium. With local resources including staff, equipment, and warehouses in nearby Fuente Obejuna, the company is well-positioned to explore this new area. Elementos and the Oropesa Tin Project are part of the Andalucian Government's Project Accelerator Group, receiving strong support, as evidenced by the successful granting of this tenure.

Elementos has secured three new tenements—Oropesa 13050-2 to the west and Oropesa 13050-3 and Montuenga 13077 to the north-east of the Oropesa Tin Project. These tenements cover a total of 47 mining grid squares. The Company anticipates a reasonable to high probability of finding similar mineralization in these new areas as that present in the existing Oropesa Mineral Resource, known for its replacement-type deposit with subordinate fault-controlled mineralization. Elementos benefits from nearly two decades of exploration and development experience in the region, which has significantly deepened their understanding of the local geology and mineral resources.

The Oropesa resource features both massive and semi-massive, as well as disseminated sulphide mineralization, accompanied by varying degrees of silica, chlorite, and minor carbonate alteration. Cassiterite (tin) is the principal economic mineral, with sphalerite (zinc) also present, particularly more dominant towards the northwest and southeast extremities of the deposit. Lead and copper are present but not at economically significant levels in the main deposit. Additionally, outcropping Fluorspar/Fluorite has been identified on the surface within the Montuenga 13077 tenement.

Elementos is a leading company dedicated to the safe and sustainable development of tin projects worldwide. With two world-class tin projects boasting substantial resources and exploration potential in favorable mining regions, Elementos is well-positioned to meet the growing demand for tin. Led by a highly experienced management team, the company is focused on developing projects in multiple countries to bridge the anticipated tin supply gap in the coming years. Elementos' commitment to responsible mining practices and its strong portfolio makes it a key player in the global tin industry.