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Elementos Limited ( (AU:ELT) ) just unveiled an update.
Elementos Limited has presented an update on its Oropesa Tin Project, highlighting completion of a Definitive Feasibility Study prepared to an AACE Class-3 estimate level with an overall accuracy of plus or minus 10%. The study supports the estimation of Ore Reserves and a production target, although the company notes that conversion to Ore Reserves and realisation of the production target are not certain.
The company outlines an expected capital cost of about €149m for the project at final investment decision and warns there is no assurance it can secure the required funding on favourable terms. Elementos is considering third-party partnerships, joint ventures or potential asset or stream sales to advance Oropesa, moves that could dilute its project ownership and alter shareholder exposure to project economics amid broader market, regulatory and operational risks.
The most recent analyst rating on (AU:ELT) stock is a Buy with a A$0.30 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 advancing tin projects, notably the Oropesa Tin Project in Spain. The company operates in the global tin supply chain, aiming to develop strategic production capacity supported by detailed feasibility studies and compliance with Australian reporting standards.
Average Trading Volume: 283,219
Technical Sentiment Signal: Hold
Current Market Cap: A$134.3M
Learn more about ELT stock on TipRanks’ Stock Analysis page.