Elementos Makes Significant Tin Discovery in Tasmania

A total of nineteen diamond drill holes were completed during the programme. Thirteen drill holes were targeted at potential shallow extensions to the existing open cut resource, five were targeted at testing three recently identified ground magnetic anomalies within the mineralized sequence, and one drill hole (C2116) was planned to collect sufficient sample to carry out metallurgical testwork.

Significant intersections from the final assays for the programme, include:

• Drill hole C2109 (Battery Lode) – 0.9m @ 0.48 percent Sn & 0.08 percent Cu from 50.7m
• Drill hole C2113 (Henry’s & Khaki Lode) – 3.0m @ 2.21 percent Sn & 0.27 percent Cu from 75.0m*
• Drill hole C2115 (Khaki Lode) – 12.7m @ 0.15 percent Sn, 2.04% Zn & 0.14 percent Cu from 61.3m including 1.5m @ 0.83 percent Sn, 10.36 percent Zn & 0.76 percent Cu from 61.3m

In early 2017 Elementos commenced the first exploration programme to be carried out at Cleveland for over 30 years since the underground mining operation was closed there by Aberfoyle Resources in 1986. The exploration programme is being carried out to determine the potential for extensions to the open cut resource announced to the ASX on March 3, 2015. Prior to the commencement of the current exploration programme, Elementos had collated all the available historical drill hole and mining data to enable the company to determine a geological resource, which was reported to the ASX on the March 4, 2014.

The current exploration programme commenced with the completion of a ground magnetic survey in 2017. Three anomalies were highlighted from the survey and targeted for drill testing.

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