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Elementos Limited (ASX:ELT)

ALERT: Price-sensitive ASX Announcement for ELT
Current share price for ELT : $0.330 -0.04 (-10.81%)+
Announcement
Release
4 Feb 2026 8:48AM
Price at Release
$0.370
Full Release
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Summary
Elementos Limited has announced a significant increase in the tungsten Mineral Resource Estimate at its Cleveland Tin Project in Tasmania. The updated Inferred Resource now stands at 8.49 million tonnes at 0.24% WO3, doubling the previous estimate from 2014. This enhancement follows updated geological inputs and successful ore sorting tests conducted in 2025. The resource, located in the Foley Zone beneath the historical Cleveland Sn-Cu Mine, is independent of the existing tin-copper resources at the site. The report, compliant with the JORC Code 2012 edition, applies a 0.175% WO3 cut-off grade based on recent technological advancements. Despite the classification as Inferred, due to limitations in data density, the company plans further exploration to potentially upgrade and expand the resource.
Key Points
  • Elementos Limited has reported a significant increase in the tungsten Mineral Resource Estimate (MRE) at its Cleveland Tin Project.
  • The updated tungsten MRE is now 8.49 million tonnes at 0.24% WO3, doubling the previously reported figures from 2014.
  • This increase follows new geological information and successful ore sorting test work conducted in 2025.
  • The resource is located in the Foley Zone, below the historical Cleveland Sn-Cu Mine in Tasmania.
  • A cut-off grade of 0.175% WO3 has been applied following improvements in ore sorting technology.
  • The report adheres to the JORC Code 2012 edition, ensuring compliance with industry standards.
  • The resource is classified as Inferred due to current limitations in drilling data density and geological confidence, indicating a need for further exploration.
  • The tin and copper Mineral Resource at Cleveland remains unchanged.
  • Future exploration plans include drilling to upgrade the resource classification and potentially increase the resource size.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.