Elementos set to complete Oropesa DFS following $3 million raise
April 06, 2023 at 12:21 am IST
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Elementos Ltd (ASX:ELT) MD Joe David speaks with Proactive soon after completing a A$3 million placement to tick off some key milestones at its Oropesa Tin Project in Spain, including completion of a definitive feasibility study (DFS). Company directors strongly supported the capital raise, with chairman Andy Grieg subscribing for 26.67% or A$800,000 of shares. In total, directors subscribed for 4,805,556 shares or around A$865,000.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
Company Website
https://www.proactiveinvestors.com.au
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Elementos Limited is an Australia-based tin exploration and development company with assets in mature mining jurisdictions, including Spain and Australia. The Companyâs Oropesa Tin Project consists of an approximately 14.51 square kilometers concession package 75 kilometers (km) north-west of Cordoba and 180 km north-east of Seville, in the Andalucia region of southern Spain. The project area contains numerous geophysical and geochemically anomalous regions. The Oropesa Tin Project contains a Joint Ore Reserve Committee (JORC) compliant Measured, indicated, and inferred resource of about 75,400 tons of tin. The Company owns 100% of the Cleveland Tin Project in Tasmania. The Cleveland Tin Project is located approximately 80 km southwest of Burnie in the mineral-rich northwest region of Tasmania, Australia.