Corporate | 3 February 2015 08:00
Deutsche Rohstoff AG / Key word(s): Investment
03.02.2015 08:00
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
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Deutsche Rohstoff invests in Australian Hammer Metals Ltd.
Promising exploration in world class Mount Isa mining district /Australia
Heidelberg. Deutsche Rohstoff acquired 15.625 million shares for a purchase
price of AUD 0.08 per share in a capital increase of the Australian
exploration company Hammer Metals Limited (www.hammermetals.com.au). The
investment amounts to AUD 1.25 million (EUR 0.86 million). Acquiring about
15% of the shares Deutsche Rohstoff will become the largest shareholder of
Hammer. In addition, DRAG has the option to purchase additional 3.8 million
shares at a purchase price of AUD 0.15 per share. The option may be
exercised within 36 months. Hammer Metals is listed on the Australian Stock
Exchange ASX.
Hammer holds licenses in several Australian regions. The focus is located
on an area with about 2.000 square kilometers in the Mount Isa region in
northwest Queensland. Within this region, and partly in the immediate
vicinity of that area, a number of excellent deposits operated by major
mining companies are located. These include the mines of Mount Isa, Ernest
Henry and George Fisher of Glencore, as well as Cannington of BHP Billiton.
Jörg Reichert, CTO of Deutsche Rohstoff, commented: "With the investment in
Hammer Metals we got access to one of the world's most important mineral
districts. The geophysical footprint of Hammer's license areas and the
results of their first drillholes have great parallels to currently
producing large deposits. In case of success, some of Hammer Metals'
projects could therefore develop to be world class."
Thomas Gutschlag, CEO of Deutsche Rohstoff, added: "We want use our
expertise in exploration, development and production of metal deposits to
build up a portfolio of excellent investments with high to very high
potential. Hammer is such an investment. We see this as an attractive
addition to our activities in the US oil and gas sector.
In the past, Hammer was able to define a resource of 30 million tonnes with
1,3% copper equivalent (Kalman resource). The purpose of the now pending
exploration campaign is to confirm existing evidence of a large
near-surface copper-gold resource. Based on previous work, there is a
variety of attractive drill targets.
In the coming weeks, an extensive exploration program will begin. Its focus
will be mainly on further exploration of three promising structures. In
addition to geophysical studies, such as induced polarization and
geomagnetics, drilling of 2,800 meters is planned in the subprojects
Overlander, Andy's Hill and Hammertime. The full results of the exploration
should be available by the end of May.
Heidelberg, 3 February 2015
Deutsche Rohstoff (Heidelberg, Germany), listed in the Entry Standard
segment of Frankfurt Stock Exchange, is establishing a new primary
producer. The company's focus is placed on oil & gas and so called high
tech metals such as tin, tungsten, and rare earth metals. All projects are
located in political stable countries with high environmental standards.
The business concept is based on redeveloping deposits, which have been
well explored in the past. For more information please visit
www.rohstoff.de.
Contact:
Deutsche Rohstoff AG
Thomas Gutschlag
Tel. +49 6221 871 000
info@rohstoff.de
03.02.2015 The DGAP Distribution Services include Regulatory Announcements,
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Language: English
Company: Deutsche Rohstoff AG
Friedrich-Ebert-Anlage 24
69117 Heidelberg
Germany
Phone: 06221-87100-11
Fax: 06221-87100-22
E-mail: gutschlag@rohstoff.de
Internet: www.rohstoff.de
ISIN: DE000A0XYG76, DE000A1R07G4,
WKN: A0XYG7, A1R07G
Indices: Entry Standard (Performance TOP 30)
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Frankfurt in
Open Market (Entry Standard)
End of Announcement DGAP News-Service
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