Elementos Limited (ELT) AI Stock Analysis

• Market Cap: $30.91M
• Dividend Yield: N/A
• Average Volume (3M): 223.82K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.00
• Revenue Growth: N/A
• EPS Growth: 55.26%
• Country: AU
• Employees: 11
• Sector: Basic Materials
• Sector Strength: 64
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 236,131,850
• 10 Day Avg. Volume: 418,749
• 30 Day Avg. Volume: 223,818
• PEG Ratio: -0.65
• Price to Book (P/B): 0.65
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.37
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $0.30
• Price Target Upside: 196.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 39 Underperform
• Price Target: ―

Elementos Limited's overall stock score is low, primarily due to financial instability marked by recurring losses and reliance on external financing. Technical analysis offers a neutral outlook with some moderate upward momentum, but valuation remains weak due to negative earnings. The company faces significant challenges in improving its financial and operational metrics to enhance investor confidence.

Elementos Limited Business Overview & Revenue Model

Company Description

Elementos Limited (ELT) is an Australian mining company focused on the exploration and development of tin resources. The company primarily operates in the mining sector, with a core emphasis on advancing its flagship Oropesa Tin Project in Spain and the Cleveland Tin Project in Tasmania, Australia. Elementos aims to supply the growing global demand for tin, a critical mineral used in electronics, renewable energy technologies, and various industrial applications.

How the Company Makes Money

Elementos Limited generates revenue primarily through the exploration, development, and eventual production of tin from its mining projects. The company invests in drilling and feasibility studies to increase the value of its tin deposits and attract potential investors or partners. As the projects advance towards production, revenue is expected to come from the sale of tin concentrate to global markets. Additionally, Elementos may engage in strategic partnerships or joint ventures with other mining companies to share the costs and benefits of developing its mining assets, thus contributing to its financial earnings.

Elementos Limited Financial Statement Overview

Summary

Elementos Limited shows financial instability with recurring losses and reliance on financing activities to sustain operations. The lack of revenue generation and high costs contribute to negative profitability metrics. Although the equity ratio is strong, the increasing debt levels could pose risks. The company needs to focus on revenue generation and cost management to improve financial health.

Income Statement

Elementos Limited has experienced consistent net losses over the years with no revenue generation in most periods. The gross profit margin is negative due to high cost relative to zero revenue, and the net profit margin is significantly negative. No revenue growth is observed since the revenue is sporadic and negligible. The company operates at a loss with negative EBIT and EBITDA margins.

Balance Sheet

The company's balance sheet shows a relatively stable equity position, but the debt-to-equity ratio has increased due to growing liabilities. The equity ratio remains strong, indicating that most assets are financed through equity. However, consistent negative net income affects return on equity, which remains negative.

Cash Flow

Elementos Limited's cash flow statement indicates negative free cash flow, reflecting more cash outflows than inflows. Operating cash flow is negative, and the ratio of operating cash flow to net income shows poor cash generation efficiency. Financing activities have been the primary source of cash, but this reliance may not be sustainable long-term.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
70.00K	0.00	50.00K	0.00	0.00	0.00
	Gross Profit
38.61K	-61.10K	-1.32K	-44.55K	-7.56K	-7.42K
	EBIT
-870.26K	-1.14M	-2.30M	-2.34M	-1.52M	-1.57M
	EBITDA
-870.26K	-1.14M	-2.10M	-2.18M	-1.44M	-1.51M
	Net Income Common Stockholders
-1.05M	-1.28M	-2.23M	-2.23M	-1.61M	-1.58M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
815.01K	503.21K	3.45M	6.27M	5.54M	199.18K
	Total Assets
24.34M	21.94M	22.96M	20.89M	17.25M	9.87M
	Total Debt
36.64K	1.06M	7.06K	58.21K	1.57M	2.34M
	Net Debt
-778.37K	559.32K	-3.44M	-6.21M	-3.98M	2.14M
	Total Liabilities
666.62K	1.98M	1.05M	867.21K	2.67M	2.85M
	Stockholders Equity
23.68M	19.96M	21.91M	20.02M	14.58M	7.02M
Cash Flow		Free Cash Flow
-3.94M	-3.83M	-5.87M	-5.44M	-3.16M	-1.64M
	Operating Cash Flow
-1.62M	-1.46M	-1.06M	-1.81M	-1.48M	-1.39M
	Investing Cash Flow
-2.39M	-2.44M	-4.80M	-3.63M	-1.68M	-68.30K
	Financing Cash Flow
3.67M	953.25K	3.05M	6.17M	8.55M	1.24M

Elementos Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ELT, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.08, and above the 200-day MA of 0.08, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 72.94 is Negative, neither overbought nor oversold. The STOCH value of 91.72 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ELT.

Elementos Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SRZ	53 Neutral	$33.28M	―	-72.81%	―	―	43.59%
Sector *	50 Neutral	$1.99B	-1.06	-21.34%	3.71%	2.03%	-30.65%
ELT	39 Underperform	$30.91M	―	-4.79%	―	―	55.26%

Elementos Limited Corporate Events

Elementos Limited Advances Tin Projects Amid Growing Market Demand

Elementos Limited has made significant progress in advancing its tin projects, particularly the Oropesa Tin Project in Spain, which has demonstrated strong technical and economic viability through a recently released Definitive Feasibility Study. The company has signed an Industrial Testwork Partnership Agreement with Atlantic Copper to further develop its tin strategy. Additionally, Elementos has declared a Maiden Ore Reserve Estimate for Oropesa and is actively working on the Cleveland Project in Tasmania, where drilling has commenced to explore shallow copper, gold, and silver targets. These developments position Elementos to capitalize on the growing demand for tin in the electronics and green transition sectors.

Elementos Limited Advances Oropesa Tin Project with Optimisation Study

Elementos Limited has released a presentation on the Oropesa Tin Project, highlighting the completion of an Optimisation Study to assess the project’s technical and economic viability. The study, which is at a Scoping Study level of accuracy, indicates potential for development but acknowledges uncertainties regarding the conversion of Mineral Resources to Ore Reserves. The company is exploring funding options, including debt and equity, to support the project’s development, while also considering alternative strategies such as joint ventures or partial sales to manage funding liabilities.

Elementos Limited Announces Viable Oropesa Tin Project with Promising Economic Returns

Elementos Limited has announced the results of its Definitive Feasibility Study (DFS) for the Oropesa Tin Project in Spain, confirming the project’s technical and economic viability. The study outlines a 1.4Mtpa open-cut mining operation with a 12-year lifespan, producing 3,405 tonnes of tin annually for the European market. With a capital cost of €149 million and a pre-tax NPV of A$270 million at a conservative tin price, the project is poised for significant economic returns. The DFS aligns with environmental and mining license applications, positioning Elementos to progress towards financing and a final investment decision, potentially making it Europe’s first vertically integrated tin project.

Elementos Limited Advances Oropesa Tin Project with Licence Submissions

Elementos Limited has submitted the primary licence documentation necessary for the Oropesa Tin Project in Andalucia, Spain. This submission is a significant step towards obtaining the Environmental Licence and Mining Licence required to construct and operate the mine. The company has worked closely with the Andalucian Government and local experts to align the project with environmental and regulatory standards. The project is expected to contribute to the economic revitalization of the Guadiato Valley and Northern Cordoba region, with the Definitive Feasibility Study nearing completion in alignment with these submissions.

Elementos Secures Permit Extension for Oropesa Tin Project

Elementos Limited has secured an extension for its Investigation Permit at the Oropesa Tin Project in Spain, ensuring continued rights over the tenement. The company is finalizing documentation for a new mining concession and environmental permit, with the project benefiting from the Andalucian Government’s Project Accelerator Unit, which streamlines regulatory assessments and supports project execution.

Elementos Partners with Atlantic Copper to Boost Tin Production at Oropesa

Elementos Limited has entered into an Industrial Testwork Partnership Agreement with Atlantic Copper to enhance tin production and recovery at the Oropesa Tin Project in Spain. This collaboration aims to evaluate the potential of smelting tin concentrate into metal products at Atlantic Copper’s facility, potentially increasing metallurgical recoveries and reducing waste. The agreement underscores the strategic significance of the Oropesa project in providing a domestic supply of critical minerals within the EU, aligning with Elementos’ goal to become an independent mine-to-metal supplier in the region.

Elementos Limited Begins Drilling at Cleveland Tin Project Amid Rising Tin Prices

Elementos Limited has commenced diamond drilling at its Cleveland Tin Project in Tasmania, targeting copper, gold, silver, and tin. This drilling program aims to explore extensions of high-grade copper-gold mineralization identified in previous surveys. The initiative comes amid a surge in global tin prices, which have risen over 8% due to disruptions in global supply, potentially enhancing the project’s economic viability and strengthening Elementos’ position in the mining sector.

Elementos Limited Pursues Funding for Oropesa Tin Project

Elementos Limited has released its consolidated half-year report, highlighting its ongoing efforts to secure funding for the Oropesa Tin Project. The company is confident in its ability to raise the necessary capital through a combination of debt and equity, supported by its largest shareholders and potential partners. However, there is no certainty that the required funding will be available, and the company may consider alternative strategies such as a sale or joint venture to reduce its financial liability. This announcement underscores Elementos’ strategic focus on advancing the Oropesa Tin Project, which is expected to significantly impact its market positioning and stakeholder interests.