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Elementos Limited ( (AU:ELT) ) has shared an announcement.
Elementos Limited has released an investor presentation for its general meeting outlining the status and assumptions of its Definitive Feasibility Study (DFS) for the Oropesa Tin Project, which has been completed to an overall accuracy of +/- 10% and is considered sufficient to support the estimation of Ore Reserves. The company reiterates that while the DFS underpins production targets and forecast financial information, there is no certainty these outcomes will be achieved, and highlights key project risks, including permitting, market conditions, operational challenges and foreign exchange exposure, as well as funding risk given the estimated €149 million capital cost at final investment decision, which may require dilutive financing or partnership and asset-sale strategies that could reduce existing shareholders’ proportional exposure to the project’s economics.
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 is an ASX-listed resources company focused on developing tin projects, positioning itself as a future supplier of primary tin to the European market through its flagship Oropesa Tin Project.
Average Trading Volume: 286,822
Technical Sentiment Signal: Buy
Current Market Cap: A$136M
For detailed information about ELT stock, go to TipRanks’ Stock Analysis page.