Market Environment Outweigh the Potential Returns - Analyst Report by BrokerBank Securities, Inc.
NEW YORK, May 20, 2015 /PRNewswire/ -- Elementos, Ltd. (OTCBB: ELTLF) an Australian, ASX-listed, diversified metals company, with projects worldwide, including Cleveland, an advanced stage tin-copper and tungsten project in Tasmania, together with a number of prospective copper and gold assets in South America and Australia, recently released a quarterly update on the company's activities during the quarter ended March 31, 2015. The company reported on the progression of the pre-feasibility and scoping studies, including additional metallurgical testing and detailed engineering and design. Significant progress was achieved on the development of the Cleveland mine, including the advancement of the tailings reprocessing pre-feasibility and hard rock scoping studies.
The Cleveland Project incorporates a number of assets including the Cleveland mine which is a relatively shallow, hard-rock tin-copper with a mineral resource of 48,000 tons of contained tin; a tungsten mineral resource containing 12,000 tons of WO3; the Cleveland tailings which include a low-grade tin and copper tailings with a mineral resource of 11,500 tons of contained tin; and a significant package of exploration properties prospective surrounding the historical Cleveland tin-copper mine.
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This report may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of mentioned company to be materially different from the statements made herein.
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Content is researched, written and reviewed on a best-effort basis. This report was prepared for informational purposes only. Affiliated parties involved with producing and issuing this report have not been compensated in any form by profiled company. A full disclaimer can be found by viewing the full analyst report. This document, article or report is written and authored by a 3rd party research analyst. However, we are only human and make mistakes. If you notice any errors or omissions, please notify us below.
BrokerBank Securities, Inc. is a member of the Financial Industry Regulatory Authority, CRD number #130116.
SOURCE BrokerBank Securities, Inc.
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