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Elementos Limited ( (AU:ELT) ) has provided an announcement.
Elementos Limited has reinforced the development prospects of its Cleveland Tin Project after assays from previously unsampled 1980 drill core confirmed significant extensions of tungsten, rubidium and bismuth mineralisation in the upper Foleys Zone. The new tungsten and rubidium intercepts, combined with data from recent and historic drilling, will feed into an updated tungsten Mineral Resource Estimate due in February 2026, which is expected to underpin a potential reconfiguration of Cleveland as a dual-phase tin-copper and tungsten–critical minerals project. Together with earlier successful ore sorting tests on Foleys Zone tungsten material and strong prevailing prices for tungsten and rubidium, the results strengthen Cleveland’s multi-commodity profile and enhance its development appeal for investors and other stakeholders.
The most recent analyst rating on (AU:ELT) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Elementos Limited stock, see the AU:ELT Stock Forecast page.
More about Elementos Limited
Elementos Limited (ASX: ELT) is an Australian-listed resources company focused on developing the Cleveland Tin Project in Tasmania as a multi-commodity operation, with primary exposure to tin and copper and growing emphasis on tungsten and other high-value critical minerals such as rubidium, molybdenum, bismuth and fluorspar/fluorite, targeting markets where these metals are trading at historically strong levels.
Average Trading Volume: 285,177
Technical Sentiment Signal: Buy
Current Market Cap: A$124.1M
See more insights into ELT stock on TipRanks’ Stock Analysis page.