Elementos has secured four new tenements in the Cordoba Province of Spain, awarded by the Junta de Andalucia.
The new tenements are expected to bolster the company’s strategic position around the Oropesa Tin Project.
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Comprising 47 mining grid squares, the tenements are believed to hold a high probability of mineralisation similar to the Oropesa project’s existing resources.
Elementos has developed a deep understanding of the local geology through extensive exploration and development, suggesting strong potential for tin and zinc within these new areas.
The Oropesa mineralisation is hosted within a graben containing Carboniferous age sediments, with the new tenements’ geology considered similar.
The Oropesa resource features sulphide mineralisation with cassiterite as the principal economic mineral.
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By GlobalDataThese mineralisation of these new tenements is expected to be lithologically controlled, with fault zones also playing a role.
Elementos has conducted preliminary ASTER remote sensing analysis, identifying anomalies that could indicate the presence of new resources.
The independent San Jose tenement, around 7km south of Oropesa, is considered highly prospective for critical minerals including rare earth elements, lithium, tin, tungsten and copper.
Historical exploration here has been limited, but recent activities and soil sampling data suggest the presence of dysprosium and phosphorous anomalies, associated with high-grade metamorphic rocks and felsic intrusives.
Historical drill holes by the Spanish Geological Survey within San Jose have indicated potential for porphyry copper deposits.
Elementos managing director Joe David said: “The tenements we have secured were substantially investigated by our Australian and Spanish geological teams and are highly prospective for tin, copper (both separate VMS & porphyry style), fluorspar/fluorite, lithium and rare earth elements (REE), specifically dysprosium.
“The geological teams used a combination of datasets including logging historic core available in the Spanish Government’s core library, remote surveys, as well as on-ground surveys and digital data sets.”
Meanwhile, in June 2024, Elementos was in the news for signing a non-binding term-sheet to gain up to a 50% stake in Iberian Smelting.
