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Spain

Oropesa Project

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Summary

Mine TypeOpen Pit
Study CompletedFeasibility
StagePermitting
Commodities
  • Tin
  • Zinc
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotThe Oropesa Tin Project has one of the world’s largest undeveloped, open-cut tin deposits, and is the only tin project being actively developed within the Europeans Union, with access to Spain’s world-class infrastructure. The project is at an advanced stage of development, significantly progressed through its Definitive Feasibility Study (DFS) and working with the authorities to attain its major project approvals.

The DFS is based on the responsible development, operation and rehabilitation of an open-cut tin mine, processing plant, tailings storage facility, waste dumps and supporting infrastructure to support a base-case mine life of approximately 12 years. The operation is designed to produce a high-grade, low impurity tin concentrate, which will then be toll treated in a local Spanish smelter before being sold by the company onto customers as tin ingots (metal).

DFS is aligned with the lodged Environmental and Mining Licence permit applications.
Latest NewsElementos Limited: Oropesa Tin Project - Definitive Feasibility Study (DFS) Results and Maiden Ore Reserve Statement     April 7, 2025

Owners

SourceSource
CompanyInterestOwnership
Minas de Estaño de España (operator) 100 % Direct
Elementos Ltd. 100 % Indirect
Elementos Limited (Elementos, ASX: ELT) fully owns its subsidiary Minas de Estaño de España, S.L.U. (MESPA), which holds 100% direct ownership of the Oropesa Tin Project and acts as the project's operator.

Contractors

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Deposit type

  • Replacement

Summary:

The Oropesa deposit is located within the Espiel Thrust Sheet, at the western margin of the Peñarroya basin, a Carboniferous, trans-tensional basin that formed during the Late Carboniferous Hercynian/Variscan orogeny. The Espiel Thrust Sheet is located between Ossa-Morena Zone and Central Iberian Zone within the Iberian Massif in southern Spain.

The Oropesa project area comprises intercalated sandstones and conglomerates with rare siltstones and shales. The sedimentary units have complex geometries, reflecting an active depositional environment and syn-sedimentary faulting. This geometry has been further complicated by a subsequent phase of deformation involving the re-activation of some basin-controlling faults as strike slip and reverse faults with associated folding of the stratigraphic package, producing upright to locally overturned bedding.

The geometry of the Oropesa deposit is primarily the result of two major deformation phases, an initial strikeslip to extensional phase of deformation during basin formation followed by a strong contractional overprint. Overturned bedding suggests that the sedimentary sequence has undergone significant folding postdeposition.

The Oropesa Deposit consists of two main lithological units: conglomerate and sandstone (greywacke). The conglomerate is poorly sorted and predominantly clastsupported. It consists primarily of cobble to pebble-sized, subrounded clasts with a gradational matrix. Most clasts are of sedimentary origin, although occasional igneous clasts can be observed.

The sandstone unit is quite variable with considerable grain size variation, from a pebbly sandstone, down to a very fine sandstone, the majority of the sandstones fall between the fine and granule grain size classifications.

The geometry of the Oropesa deposit is primarily the result of two major deformation phases, an initial strike-slip to extensional phase of deformation during basin formation followed by a strong contractional overprint.

Mineralisation
The majority of the tin mineralisation (cassiterite > 97-99% with minor stannite) is replacement style, primarily occurring in granular sandstones at the contacts between the sandstone and conglomerate units. The mineralisation is volumetrically more significant as replacement style within the sandstones, however less significant fault/structurally hosted mineralisation has been interpreted as occurring within reverse thrust fault zones that bound and occur within the deposit. The tin mineralisation is associated with pervasive leaching of the host rocks, silica alteration and several phases of para-genetically late disseminated to semi-massive sulphides.

The geometry of the Oropesa deposit is primarily the result of two major deformation phases, an initial strikeslip to extensional phase of deformation during which sediment deposition occurred within the basin as it developed, followed by a strong contractional overprint.

Significant post sediment deposition tectonic activity comprising contractual sinistral strike-slip deformation appears to have been a key mechanism in providing structural conduits for mineralising fluids contemporaneously providing more permeable locations along the sandstone/conglomerate contact zones for the development of the ore body.

Zinc Mineralisation
Tin mineralisation (cassiterite with minor stannite) is the principle economic mineralisation at Oropesa. The tin mineralisation is replacement style, primarily occurring in granular sandstones at the contacts between the sandstone and conglomerate units, with up to three later phases of disseminated to semi-massive sulphide mineralisation. The zinc mineralisation is associated with the sulphide replacement mineralisation. The mineralisation is volumetrically more significant as replacement style within the sandstones, however fault/structurally hosted mineralisation has also been interpreted as occurring within reverse thrust fault zones that bound and occur within the deposit. The tin-zinc mineralisation is associated with pervasive leaching of the host rocks and silica ± carbonate ± chlorite alteration.

Reserves

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Mining Methods

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Required Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityProductUnitsAvg. AnnualLOM
Tin Metal in concentrate t 3,40440,007
Tin Concentrate kt 5.463

Operational metrics

Metrics
Hourly processing capacity  ....  Subscribe
Annual ore mining rate  ....  Subscribe
Annual processing capacity  ....  Subscribe
Stripping ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2025 study.

Production Costs

CommodityUnitsAverage
All-in sustaining costs (AISC) Tin USD  ....  Subscribe
C1 cash costs Tin USD  ....  Subscribe
Assumed price Tin USD  ....  Subscribe
* According to 2025 study / presentation.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
OP OpEx $M USD  ......  Subscribe
Processing OpEx $M USD 245.2
G&A costs $M USD 48.2
Total OpEx $M USD  ......  Subscribe
Gross revenue (LOM) $M USD  ......  Subscribe
EBITDA (LOM) $M USD  ......  Subscribe
Pre-tax NPV @ 10% $M EUR  ......  Subscribe
Pre-tax NPV @ 8% $M USD  ......  Subscribe
After-tax NPV @ 8% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
Pre-tax payback period, years  ......  Subscribe

Personnel

Mine Management

Job TitleNameEmailProfileRef. Date
....................... Subscription required ....................... Subscription required ........... Subscription required Subscription required Apr 15, 2025
....................... Subscription required ....................... Subscription required Subscription required Apr 4, 2025
....................... Subscription required ....................... Subscription required Subscription required Apr 14, 2025

Workforce

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2025

Aerial view:

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