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Corporate Overview |
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The
Plan
Elementos’ vision is to create shareholder value through
the exploration and discovery of economic mineral deposits,
and realise this value through development.
Elementos will achieve this objective by:
1. Targeting resources in world class mineral provinces
- Andes mountains – exploring for world class copper-gold
mineral deposits; and
- Mt Isa Inlier – richly endowed with major copper/gold/lead/zinc/silver
deposits.
2. Focused on commodities with sound long term fundamentals
- Copper and gold have attractive supply and demand fundamentals,
and there are a large number of opportunities in the target
mineral provinces compared to other commodities.
3. Leveraging geological expertise and experience
- Discovering and developing low-sulphidation epithermal
deposits; and
- Monetising porphyry deposits through partnerships with
majors.
4. Transacting value-adding merger and acquisition
opportunities
- Acquiring assets early in the discovery to development
life cycle
- Significant geological potential and attractively priced
The Company will undertake a systematic approach to exploration
and seek to maximise in-ground expenditure as a proportion
of the total budget.
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The
Projects
Elementos has secured projects in mineral rich, highly prospective
geological locations, with developed infrastructure located
nearby, and an attractive investment environment.
Argentina
San Juan is one of the most attractive destinations
for mining and exploration in Argentina due to its suitable
geology and mineral prospectivity. Hosts a number of world class,
large scale, and low cost mining operations and advanced stage
development projects including Pascua Lama, Valadero, Gualcamayo,
El Pachon, Los Azules, Altares, and Casposo.
Santo
Domingo comprises two mineralisation targets: (1) Yvette
high-grade silver, lead, zinc and gold low-sulphidation epithermal
vein target. Mineralisation identified over 2.5 kilometres of
strike length and open all directions; and (2) Divisoria gold-copper
porphyry target, open in all directions - porphyry targets are
typically very large; potentially in the range 0.5-1.0 billion
tonnes of mineralisation. On-going exploration and drilling
planned to define the potential of the systems and development
of an initial resource.
Manantiales
is located within a high-grade epithermal gold district, adjoining
and immediately to the north of Troy Resources’ high-grade
gold-silver operation, Casposo. Manantiales shares a similar
geological and mineralisation environment, including rock types
and structures that host Casposo.
Elementos has initially successfully identified three main vein
systems (Manantial, Julieta Norte and La Puerta group) and completed
an initial drilling program at Manantial and Julieta Norte.
A high-grade gold-silver vein system has been identified at
relatively shallow depths at Manantial, and is open to the north,
south and depth. Further drilling in March 2011 will aim to
test the potential of the system, and drill new targets identified
in the current field program.
Australia
Queensland – Millenium is situated in
the world class Mt Isa Inlier, host to world class deposits
including Mt Isa Copper, Ernest Henry, Century, Mt Isa Lead/Zinc,
Cannington and George Fischer. More recent discoveries in the
province include Merlin, Barbara and Rocklands (10 kilometres
east of Millenium). The district has established mining, transportation
and processing infrastructure.
Millenium contains a thick zone of cobalt mineralisation, identified
through historical drilling. Exploration is focused on assessing
the potential for an open cut cobalt operation, producing a
high value cobalt metal with copper-gold credits.
New
South Wales – Cathedral Rocks is an early-stage
exploration opportunity targeting gold and base metal mineralisation.
Strait’s Resources Hillgrove antinomy and gold mine is
situated 25 kilometres east of Cathedral Rocks.
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The
People
The board and management team has a combination of technical,
managerial and capital markets experience. The group has expertise
in operating and exploring in Argentina and Australia, and
has an extensive network of contacts and relationships.
The Directors and management previously involved in the acquisition,
exploration and development of several important Argentinean
projects including the Cerro Negro Epithermal Project (Andean
Resources), Olaroz Lithium-Potash project, Cerro Morro, Caspiche
and Don Sixto (Exeter Resources), and Pascua Lama and Valadero
(Barrick).
Elementos has assembled a world class team of geologists and
consultants with a proven, extensive and broad-based pool
of experience in copper and gold exploration. The team’s
geological experience ranges from regional target generation
to development and near-mine exploration to production. The
team capabilities include including coordination of early
phase exploration programs through to first-pass and multi-rig
drilling programs, digital resource modelling and estimation,
and preparation of resource models to JORC and Canadian 43-101
level.
The Elementos team has considerable experience in geological
modelling and predictive exploration techniques in the Andes,
including mineral environments hosting epithermal, porphyry
and IOCG style deposits. Elementos’ focus is to leverage
the collective experience and technical capability to explore
and develop world class deposits in the Andes.
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