Elementos Limited's Cleveland Project Update

Elementos (ASX:ELT) has announced a significant update on its Cleveland Project in Tasmania. Recent drilling results reveal a substantial high-grade fluorite zone within the Foleys Zone, beneath the historic Cleveland Tin Mine. The discovery includes a continuous mineralization zone of 319.5 meters with an average of 5.97% CaF2.

Summary of Elementos' Strategic Developments

Elementos Limited has confirmed a significant critical minerals zone in its Cleveland Project in Tasmania. The drilling results show a continuous high-grade fluorite mineralization in the Foleys Zone, enhancing the project's economic potential. The presence of critical minerals such as tungsten and rubidium alongside fluorite is promising for future developments. The company plans further geophysical programs and historical data reviews to expand these findings. Elementos aims to capitalize on the growing demand for critical minerals, driven by advancements in technology and green energy solutions. Their commitment to safe and environmentally conscious practices remains a priority.

Executive Commentary on Cleveland Project Developments

The confirmation of a large, high-grade fluorite mineralization zone within the Foleys Zone marks a major milestone for the Cleveland Project. This discovery not only adds to the known tin and copper resources but also highlights the economic potential for critical minerals like tungsten, rubidium, molybdenum, and bismuth. Our focus will now shift towards further studies and reviews to unlock additional value from these resources.