Elementos (ASX:ELT) confirms large tungsten mineralisation and critical minerals assays

Elementos Limited (ASX:ELT) has reported significant tungsten and critical minerals assays at its Cleveland Project in north-west Tasmania. The drill assays confirmed large tungsten mineralisation over 465.9m, including a single continuous zone of 319.5m @ 0.18% W03 from 772.4m. The company's Managing Director, Joe David, expressed optimism about the project's development prospects, citing the additional suite of Critical and Strategic Minerals to evaluate, including molybdenum, fluorite/fluorspar, bismuth, and rubidium.

Executive Commentary on Cleveland Project's Prospects

The results from the 'Foleys Zone' drill assays are potentially game-changing for the Cleveland Project. The confirmation of substantial tungsten mineralisation, co-mineralised with Critical and Strategic Minerals, significantly enhances the project's prospectivity. The discovery of rubidium mineralisation, a rare and unique mineral with diverse industrial applications, further strengthens the project's position. These findings put the Cleveland Project back on the map and pave the way for developing the technical studies to define the economic case for the planned re-start of the old Cleveland Tin Mine.

Summary of Elementos' Cleveland Project Assay Results

Elementos' Cleveland Project has seen a significant boost in its development prospects following the confirmation of large tungsten mineralisation and co-mineralisation with Critical and Strategic Minerals. The company's Managing Director, Joe David, highlighted the potential game-changing nature of the results, emphasizing the project's robust suite of Critical Mineral mineralisation. The discovery of rubidium mineralisation, along with the additional suite of minerals, presents a promising outlook for the project. Elementos will continue to refine its development plan and focus for the Cleveland Project, aiming to bridge the forecast significant tin supply shortfall in the coming years.