Elementos Limited (ASX: ELT) has achieved a significant breakthrough in advancing its Cleveland Tin Project in the mineral-rich province of northwest Tasmania. Exceptional drill assays from the Foleys Zone have revealed extensive continuous zones of tungsten co-mineralized with highly sought-after critical minerals. Managing Director Joe David stressed that these results significantly enhance the project's development prospects.
In addition to the previously established 7.5Mt of tin and copper Mineral Resources and the 4.0Mt of tungsten Mineral Resources, the project now encompasses an additional suite of Critical and Strategic Minerals to evaluate, including molybdenum, fluorite/fluorspar, bismuth, and rubidium. Mr. David further emphasized that these Foley Zone intersections have the potential to be transformative for the project, contributing to a robust suite of Critical Mineral mineralization. This progress is pivotal in advancing the technical studies required to define the economic case for the company's planned re-start of the old Cleveland Tin Mine.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.