Temengor Farm-In & Joint Venture Project

On 21st June 2018, Elementos Limited signed a non-binding Memorandum of Understanding (MOU) with Empire Tin Mining Sdn Bhd (Empire), with the intent on finalising exclusive negotiations for a Farm-In and Joint Venture Agreement on the Temengor Tin Project in the State of Perak, Malaysia.

The Temengor tin mine is an historic mine that is focused on tin exploration and development, and is located approximately 250km north of Kuala Lumpur. Empire’s Directors recognised the significance of the Temengor region for potential to contain a significant hard rock in resource, and successfully located the historical mine site in 2013 following detailed research of archived geological and company reports, as well as newspaper articles.

In July 2019 the Company was notified by its partner Empire, that the Perak State has determined that a moratorium was to be put in place on the granting of any Exploration Licence applications for potential mining projects in the State for the foreseeable future, following natural environmental conditions in the waterways not being managed.

These conditions are neither located near nor associated with the Temengor Project area. The decision by the Perak State Government to apply a moratorium on all new exploration licences in the northern region of the state applies to all applicants. At this stage no schedule has been advised for when this situation may revert.