5 November 2015
STATEMENT FROM THE CHAIRMAN
Dear shareholder,
You will, by now, have seen the statement last week announcing my election as non-
Executive Director and appointment as Chairman of our company. And yesterday, you
would have seen the announcement of Chris Dunks’ election as a non-executive Director.
I have been a major shareholder in Elementos for a long time (as has Chris) and am
currently the Company’s largest shareholder with a 21.4% stake. Given my recent
retirement after 35 years in a senior executive role with the globally respected
engineering, construction, and project management group, Bechtel, I now have the
availability and experience to be more closely engaged in the affairs of Elementos.
Becoming a Director and Chairman allows me to do that.
I am both excited and enthusiastic about the journey in front of us. I think Cleveland is of a
calibre and right commodity sector that will attract ongoing market interest as it
advances and I am committed to getting our Company into commercial mining
operations, and executing a strategy genuinely able to deliver value to shareholders.
Our primary focus will remain on the staged development of our Cleveland tin, copper
and tungsten project in northeast Tasmania; of getting to positive cash flow in the shortest
possible time; on working with our host-communities and other stakeholders in an open
and positive way for mutual advantage; and in engaging with appropriate industry
partners to move quickly to profitable operations.
I am excited about working with you, our shareholders – and with your Board and CEO,
Tim McManus, to deliver what would be the first new tin project in Australia for some years.
I commit to you that the Board, and I as Chairman, will continuously inform shareholders as
we go about this journey.
Sincerely,
Andy Greig
Chairman
Phone: +61 7 3221 7770
Email: admin@elementos.com
Please visit us at: www.elementos.com.au
