elementos.com.au

Capital Raising to Fund Tamaya Geophysics and Drilling Program

Investor Update

28 AUGUST 2012 ASX Code: ELT

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Disclaimer

Elementos Limited will be the issuer of the securities under the Rights Issue. A section 713 prospectus for the offer of securities under the Rights Issue (Prospectus) was lodged with ASIC on 28 August 2012 and is available on Elementos Limited’s website and ASX’s website. The offers of the securities will be made in the Prospectus. The Prospectus and an Entitlement and Acceptance Form will be dispatched to eligible shareholders on 10 September 2012. Potential investors should consider the Prospectus in full in deciding whether to acquire the securities offered. Anyone who wants to acquire the securities offered will need to complete the Entitlement and Acceptance Form that will accompany the Prospectus.

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Reasons to Invest Share price appreciation potential – high leverage to exploration success from ELT’s low market capitalisation Strengths:

Substantial ground positions - 1,100 km², in Chile, Argentina and Australia – in some of the world’s most significant base and precious metal districts

Advanced projects – geological potential to host economic resources and short term strategies to realise value: ► Tamaya – geophysics and 5,000 metres of drilling in 2012 ► Santo Domingo – joint venture discussions to fund porphyry drilling ► Manantiales – evaluation of resources and new targets

Geological expertise - significant Andean and Australian geological expertise and experience

Copper and gold focus - targeting commodities with attractive supply and demand fundamentals, and price outlooks

Cash resources - well-funded to complete 2012 objectives (after raising)

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Rights Issue to Fund Tamaya Drilling Rights issue • $2.3M (before costs), pro-rata, non-renounceable rights issue

Offering terms • Open to eligible shareholders on the register as at 6 September 2012 • Priced at 3.5 cents per share, equal to a 32% discount to the 5-day VWAP • Offered on a pro-rata basis of 4 new ordinary fully paid shares for every 5

ordinary fully paid shares held in the Company on the Record Date • Includes one free new option exercisable at 6 cents and expiring on 9

April 2014 for every two New Shares subscribed Underwritten share offer • Patersons Securities appointed Lead Manager and Underwriter • Strong support from existing shareholders and experienced resource

investors including pre-commitments of $0.79 million • Andes Investors, a company associated with James D. Calaway, a non-

executive director of Elementos, is exercising its entitlements and sub-underwriting a further $0.77 million of the Offer

Use of funds • Geophysics and drilling at Tamaya ,and costs associated with the offer

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Rights Issue Timetable

Rights issue prospectus lodged with ASIC/ASX 28 August

Notice with information on Rights Issue sent to shareholders 29 August

Shares commence trading on ASX on an ex rights basis 31 August

Record date for participation in rights issue 6 September

Prospectus dispatched to shareholders and Rights Issue Opens 10 September

Closing time and date for acceptance and payment in full under the rights issue (5PM EST) 28 September

New Shares and Options quoted on a deferred settlement basis 9 October

Allotment of New Shares and New Options and dispatch of shareholder Statements for New Shares 9 October

Normal trading commences for New Shares and Options on the ASX 10 October

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148M shares

8.7M unlisted options

32.8M listed 6 cent options

Implied Market cap $8.6M

Cash $3.4M*

Enterprise value $5.2M

Capitalisation and ownership post rights offer*

Corporate Summary

* Post Rights issue. Share price close 5.8 cents 23 Aug 2012 * Excludes $0.5M bank guarantee on Tamaya project and after estimated capital raising costs

Full details of the Rights Issue are set out in the Prospectus lodged with ASIC and the ASX

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Significant South American experience

Directors and Technical Team

Corey Nolan Managing Director

Anthony McLellan Chairman

Neil Stuart Technical Consultant

Mark McCauley Director

James Calaway Director

Alistair Grahame Exploration Manager

Gustavo Delendatti South America

Exploration Manager

Andrew Shaw Geological Consultant - Chile

Andean geological expertise and experience

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Company Projects

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Brisbane (head office)

MILLENIUM (100%) - 248km² SELWYN SOUTH (100%) -109km²

Australia – Mt Isa Inlier

Chile – Regions II and IV MERCEDES (option for 90%) - 298km² TAMAYA (Earn-in for 50%) - 69km²

Argentina – San Juan MANANTIALES (option for 100%) - 97km² SANTO DOMINGO (option for 100%) - 250km²

World-class locations - 1,100km² of exploration acreage

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2012 Strategy – Unlocking Value Exploration ► Tamaya – IP geophysics and a 5,000 metre diamond drilling program

in the fourth quarter 2012 ► Manantiales – evaluation of resources and new targets ► Mercedes – assessing resource potential and negotiating a new

commercial joint venture agreement

Joint Venture ► Santo Domingo - discussions underway with potential partners to fund

drilling of Divisoria porphyry target

Consolidation ► Mt Isa district – consolidate ground in geological prospective areas,

situated near major mines and deposits

Acquisition ► Opportunistically identify value-adding merger or acquisition

opportunities

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Tamaya Project

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Uniquely positioned exploration project covering an extraordinarily high-grade historic copper mining field

Why is Tamaya an attractive exploration project?:

1) World class mineral province - located in a major Chilean metallogenic belt near major mines and deposits

2) Large project area (6,890 ha) offers large tonnage potential

3) Established infrastructure nearby - supports timely, low-cost exploration, and future development and operation

4) Historic mining field, no modern systematic exploration – copper production of 2Mt @ 12%* recovered in the period up to the 19th Century

5) Exploration confirming copper potential – mapping, sampling and geophysics – highlight geological potential

6) Multiple mineralisation and drill targets – high-grade sulphides, bulk tonnage oxides and porphyry targets

* Non JORC data

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1. Located in a World-Class Province

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Tamaya is situated within a metallogenic belt that is host to a number of significant IOCG and porphyry deposits

Located on the same geological trends as the Andacollo and Llahuin porphyry deposits

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2. Large Project Size

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6,890 ha tenement package in a major mineral district

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3. Close to Infrastructure

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Services - Mining and exploration services and accommodation in the town of Ovalle, 20 kilometres to the east and Coquimbo 80 kilometres to the north Roads - An extensive network of existing graded tracks that link to asphalt

roads 5 kilometres either side of the property and the national motorway 15 kilometres west Port - Container, cargo and bulk ore-handling port facilities in Coquimbo Power - High and low-tension power lines running parallel to the Pan

American Highway and linking the towns of Cerrillos de Tamaya and Ovalle Water - Water rights have not been sought, but the Limari River has

perennial flow and the project is less than 35 kilometres from the coast

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4. Located in Historic Mining Field

Waste dump samples assayed between 1.8% and 3.8% copper

Mineral field with historical production of 2Mt @ 12% Cu – no modern systematic exploration*

Main high-grade vein, the focus of historical mining

activities

* Non JORC data

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Mineralised waste from old workings

Historic tailings dam and plant site

Extensive existing road network including disused railways – excellent access

Large mineralised system with multiple mineralisation styles including structurally hosted and potentially porphyry

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Main exploration target – 4 km long, with extensions to 7 km

Porphyry target in the eastern sector

5.1 Exploration Confirms Copper Potential F

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5.2 Exploration Confirms Copper Potential

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Widespread copper and gold values in main structures Three principal structures identified – copper values up to 7.44% in outcrops and 7.91% in dumps

Anomalous gold values up to 5.8 g/t in outcrops and 9.5 g/t in dumps

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IP geophysics to test porphyry potential – in progress

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5.3 Exploration Confirms Copper Potential

Major anomaly at depth to the east – correlates to mineralised and strongly potassic altered porphyry fragments in structures on surface

Main high-grade copper vein

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6. Geological Model and Drill Targets

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Drilling to confirm geological model – 5,000 metres planned on three mineralisation targets: 1. Lower grade, bulk tonnage oxide and sulphide 2. High-grade remnant and deeper sulphides 3. Intrusive (porphyry) mineralisation

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Objective: Advance from prospect definition through to a drilling program to determine potential mineral resources

Tamaya 2012 Exploration Strategy

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Drill Testing

Drill Target Definition

Target Generation

Satellite and ASTER imagery interpretation Tenement wide mapping and sampling Ground-magnetometry geophysical survey

Detailed channel sampling of main structures High-density mapping of drill targets IP geophysics to test intrusive targets

5,000 metre diamond drilling program planned to start during the fourth quarter 2012 A minimum of 12 diamond holes to test the

major target areas including: Tamaya Central, Este and Norte, Tortolas and Lecaros

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Leverage to Exploration Success

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Potential for significant market capitalisation increase as ELT shifts from explorer to resource developer* * ASX listed companies exploring in Chile and Argentina

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Producer JORC Resource (based on Chile or Argentina asset)

Undervalued relative to peer group explorers

A$M

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• Exploring in some of the world’s major metal provinces

• Experienced team in place • High leverage to exploration

success

Summary F

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Elementos Limited ACN 138 468 756 Level 8, 26 Wharf Street tel: +617 3221 7770 Brisbane, Queensland, Australia fax: +617 3221 7773 www.elementos.com.au For enquiries regarding this presentation please contact: Corey Nolan – Managing Director email: admin@elementos.com.au Forward Looking Statements

This presentation may contain certain forward looking statements. Such statements are only predictions, based on certain assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond Elementos Limited’s control. Actual events or results may differ materially from the events or results expected or implied in any forward looking statement. The inclusion of such statements should not be regarded as a representation, warranty or prediction with respect to the accuracy of the underlying assumptions or that any forward looking statements will be or are likely to be fulfilled. Elementos Limited undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this presentation (subject to securities exchange disclosure requirements). The information in this presentation does not take into account the objectives, financial situation or particular needs of any person. Nothing contained in this presentation constitutes investment, legal, tax or other advice.

Competent Persons Statement The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Alistair Grahame, a member of the Australian Institute of Geoscientists. Mr Grahame is a full-time employee of Elementos Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activ ity which it is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ Mr Grahame consents to the inclusion in the report of the matters based on his information in the form and context

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Contacts and Disclaimer F

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