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Elementos Limited (ASX:ELT)

ALERT: Price-sensitive ASX Announcement for ELT
Current share price for ELT : $0.358 -0.043 (-10.63%)+
Announcement
Release
24 Apr 2026 8:17AM
Price at Release
$0.400
Full Release
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Summary
Elementos Limited's quarterly report for the period ending 31 March 2026 highlights a significant increase in the tungsten Inferred Mineral Resource Estimate at the Cleveland Tin Project in Tasmania. The report includes financial details as part of the Appendix 5B Cash Flow, showing cash inflows and outflows across operating, investing, and financing activities. The company reports a net cash inflow from financing activities of $31.7 million in the current quarter, substantially bolstering their cash position, which now stands at $39.863 million. The exploration activities revealed enhancements in the Cleveland project's mineral potential, with notable extensions in tungsten, rubidium, and other critical minerals. The report underscores the company's efforts in ongoing technical studies and resource definitions toward developing a sustainable, multi-commodity asset.
Key Points
  • Elementos Limited is focused on the Cleveland Tin Project in Tasmania.
  • The updated tungsten Inferred Mineral Resource is 8.49Mt at 0.24% WO3.
  • The quarterly cash flow report shows significant proceeds from equity securities.
  • Net cash from operating activities was negative, while financing activities saw a large inflow.
  • Ongoing exploration confirms the potential for further mineralisation in tungsten and rubidium.
  • Significant increases in resource estimates are driving further development studies.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.