Elementos Limited has intersected two separate 10m thick high-grade zones of tin, zinc and copper mineralisation (upper and lower) down hole within semi-massive to massive sulphides. Exploration drill hole ADD-04A, located outside and to the north-west of the current Oropesa Mineral Resource, was designed as a re-drill of drill hole ADD-04 (reported 21 February 20235) that was terminated due to drilling equipment failure at 152m. Hole ADD-04A drilled through additional mineralisation down to a total depth of 189m, and returned two significant zones of polymetallic (tin, zinc and copper) mineralisation.

ADD_04A:- 22.5m @ 0.11% Sn, 1.43% Zn & 0.77% Cu from 92.6m (0.1% Sn cut-off grade), including 10.0m @ 0.24% Sn, 2.44% Zn & 0.82% Cu from 99.5m, 2.2m @ 0.05% Sn & 3.78% Zn & 1.32% Cu from 120.2m 10.0m @ 0.56% Sn, 4.65% Zn & 0.32% Cu from 152.9m (0.1% Sn cut-off grade). The semi-massive to massive sulphides are associated with intense silica and carbonate altered host rocks over an interval that extends for 70m down hole from 90.5m. The principal sulphides consist of pyrite, sphalerite, chalcopyrite, arsenopyrite and galena.

Drill hole ADD-04A (and ADD-04) were planned to investigate potential extensions to mineralisation that was first intersected in geotechnical drill hole SGT-04, announced on 16 March 20222. There appears to be strong evidence supporting that continuation of mineralisation between these two drillholes.