Elementos is developing the Cleveland Project through a staged, low-capital development strategy, which minimises upfront capital, with cash flow funding future stages. This ensures maximum benefit from capital expenditure, delivering optimal value to shareholders.
Recent announcements of completed Technical Studies confirm a technically achievable and commercially viable project at current spot prices. The 3-staged strategy provides an Integrated Mine Plan, with a mine life of >15 years, which utilises only 53% of current JORC Mineral Resources. With additional resource available, and substantial exploration upside, the project provides the Company a long-life asset (>20yrs), in a low risk jurisdiction. Cleveland is a company-defining asset, which will position the Company to acquire advanced projects as the mining cycle enters an upward trend.