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Investor Presentaiton

Cleveland Tin Project Tin, Copper and Tungsten Operational history: • • Operated as an underground mine for 27 years in two phases: WW1: 1908-1917 and 1968 to 1986 (by Aberfoyle Resources). Total ore mined: 5.65mt @ 0.68% Sn & 0.28% Cu. • Total metal produced: 23,519t of Sn and 9,691t of Cu. · Mine closed in 1986 due to tin price (price collapse associated with the International Tin Cartel). Historical drives and workings extend more than 350m below the surface. Mechanised sub-level overhead benching mining method. Conventional cassiterite recovery process of gravity followed by flotation. Development & Mineralisation Cleveland historical underground stopes and development (7.47Mt @ 0.75% Sn & 0.3% Cu) Foleys Zone-Tungsten JORC Inferred Mineral Resource ([email protected]% W03) Foleys Zone - Tungsten JORC Exploration Target (15Mt - 24Mt 0.24% - 0.30% W03) • Underground and surface infrastructure rehabilitated ~1990. 0 100 200 300 400 500 ELEMENTOS Portal (mine) entry level TOMORROW'S TIN 20
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