{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Elementos Limited (ASX:ELT) - Europe's Sole Tin Project Targets Critical Supply Shortage","html":"","width":"100%","height":180,"duration":2641,"description":"Interview with Joe David, Managing Director of Elementos Ltd.Recording date: 10th July 2025Elementos Limited (ASX:ELT) is positioning itself as a unique player in the critical minerals sector through its vertically integrated tin operation spanning from mine to metal production in Spain. The company's flagship Oropesa project in Andalusia has published a robust Definitive Feasibility Study demonstrating $270 million AUD NPV and 26% internal rate of return using conservative $30,000 per tonne tin pricing, well below current market levels around $33,000.The project's compelling economics stem from a differentiated vertical integration strategy. Elementos has secured a 50% option over a Spanish tin smelter located 220 kilometers from the mine site, enabling the company to capture European tin premiums of approximately $1,000 per tonne above London Metal Exchange prices. This integration transforms typical concentrate sales receiving 92-93% payables into 98-99% recovery through smelting, effectively making European smelting operations cost-neutral while accessing premium pricing.Managing Director Joe David emphasizes the strategic scarcity underlying the investment thesis: \"The tin market is only 2% of the copper market... if you included every single tin development project that sit within listed companies on any of the exchanges worldwide, I think you can count them on two hands.\" This scarcity has intensified due to supply disruptions in Myanmar and reduced Chinese smelter utilization rates dropping to 50% from typical 70-80% levels.The company has made substantial permitting progress in mining-friendly Andalusia, which generates 90% of Spain's metallic mining revenue. Elementos is approaching the public exhibition phase, a significant de-risking milestone requiring regulatory confirmation of project feasibility. The recent Metals X investment provides funding runway while multiple parties across equity, debt, and offtake spectrums have engaged in discussions,...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}