Elementos (ASX:ELT) has been granted three new mineral exploration tenements through public tender by the Andalusian Government (Junta de Andalucía) via its wholly owned subsidiary, Minas de Estaño de España SLU (MESPA).
The new tenure positions Elementos as the dominant landholder in the region (Andalucía, Spain), with the company considering project expansion possibilities for tin and other critical minerals around the Oropesa Project.
The new tenements — Laurencia, Pascuala, and San Jose — provide Elementos with immediate along-strike proximity to the already defined tin and zinc mineral resources and tin reserve.
Regional reconnaissance work has identified these areas to have similar geological signatures to Oropesa.
Managing Director Joe David says the award of these new exploration tenements is reinforced by the company’s “strong belief in the continued mineral prospectivity in the local Guadiato Valley region, aligned with its strong base metals mining history”.
“Our geological teams have already identified compelling targets using remote sensing technologies, on-ground evaluation, and evaluation of regional government data sets, including historic drill cores located at the nearby government (Instituto Geológico y Minero de España) core library.
“These tenements provide a pathway to resource additional tin and EU critical minerals with the potential to extend the project life and/or create new standalone projects for the benefit of our shareholders and the local communities within which we operate.”
Laurencia and Pascuala are located along strike to the west of the existing Oropesa Investigation Permit and within the same geological sequence of the Oropesa tin and zinc resources.
Soil sampling data from the San Jose tenement demonstrates that the area is prospective for a range of critical minerals, notably rare earths, lithium, tin, tungsten, fluorite, and copper.
Elementos is a tin and critical minerals development company focused on becoming a key supplier to global technology and electrification markets, with its flagship asset being the Oropesa Tin Project in Spain.
Write to Amy Rotman at Mining.com.au
Images: Elementos
