July 22 (Reuters) - Elementos Ltd ELT.AX :
* ELEMENTOS LTD- OPTS TO RETAIN 100% OF OROPESA TIN PROJECT AHEAD OF DRILLING AND OPTIMISATION PLAN
* WILL RETAIN OWNERSHIP OF OROPESA FOLLOWING DECISION TO WITHDRAW FROM PROPOSED 1% GROSS REVENUE ROYALTY DEAL WITH ELECTRIC ROYALTIES
* ANY DECISION TO ENTER ROYALTY STRUCTURE WILL NOW BE DELAYED UNTIL DEFINTIVE FEASIBILITY STUDY AT OROPESA IS COMPLETED