Investor Presentaiton
Oropesa has government support
A
Junta de Andalucía
On 9 March 2022, the Junta de Andalucia
(Andalucían Government) publicly
announced high profile support for the
Oropesa Tin Project, designating it the
Spanish equivalent of a ‘State Significant
Project' in Australia7.
✓ Oropesa is one of only seven significant
mining projects added to the unit:
•
•
•
Sandfire Resources' MATSA (Market Cap: ~A$2.8B)
Atalaya Mining, 4 projects (Owner of Rio Tinto Copper Mine)
Market Cap: ~A$1.0B)
Minas de Alquife - Europe's Largest open-pit iron ore mine
7https://www.juntadeandalucia.es/presidencia/portavoz/economiayempleo/169891/ConsejodeGobier
no/UnidadAceleradorade Proyectos/Mineria/Minas/Explotacion Minera/Empleo/Huelva/Cordoba/Grana
da
Approvals Update
On 20 June - MESPA received correspondence
from the local department considering its
Environmental Application, stating that they
considered elements of the proposed mining
project and treatment plant (Project) to be not
fully compatible with certain environmental
regulations.
Since receiving the correspondence, Elementos
has worked with its local team, advisors and local
authorities to clarify and better understand the
communications and its potential impact on the
Oropesa Tin Project and plan the optimal pathway
to licencing. This has included meetings with the
Environmental Department, Mining Department,
Project Accelerator Unit, Senior Government
Officials (local, Provincial, Regional).
We are now confident following these meetings,
the Oropesa Tin Project is better understood by
the relevant department and continues to have
strong support at all levels.
The company submitted its official response to the
referenced correspondence on Monday 17th June
(in Spain). The company continues to work closely
with the Authorities as this submission is
assessed and a plan is agreed in a consultative
manner.
The submission to the authorities includes some
proposed modifications to the project layout to
satisfy the requirements of the department and
further minimise impacts.
The company will provide further updates to the
market when the proposed modification are
agreed and the way forward plan is ratified.
ELEMENTOS
TOMORROW'S TIN 18View entire presentation