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Elementos Limited ( (AU:ELT) ) has shared an update.
Elementos Limited has doubled the Inferred Mineral Resource Estimate for tungsten at its Cleveland Tin Project to 8.49 million tonnes grading 0.24% WO3, boosting contained tungsten to 20,610 tonnes and adding a significant tungsten component alongside its existing, unchanged tin and copper resources. The company has also outlined a substantial tungsten Exploration Target range of 32–90 million tonnes, reported ore sorting testwork that upgrades feed grades from 0.24% to 0.98% WO3, and is advancing geological, geotechnical and metallurgical studies to feed into a planned 2026 scoping study, moves that could enhance the project’s economic potential at a time of record tungsten prices.
The most recent analyst rating on (AU:ELT) stock is a Hold with a A$0.36 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 is an ASX-listed resources company focused on the development of the Cleveland Tin Project in Tasmania, a polymetallic asset containing tin, copper and tungsten. The project already hosts established tin and copper resources and tailings reserves, positioning the company within the critical metals supply chain amid strong market conditions for strategic metals such as tungsten.
Average Trading Volume: 290,502
Technical Sentiment Signal: Buy
Current Market Cap: A$122.4M
See more data about ELT stock on TipRanks’ Stock Analysis page.