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Deutsche Rohstoff AG
Regulatory Filings • Nov 20, 2015
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Corporate | 20 November 2015 09:48
Deutsche Rohstoff AG: Almonty announces resource update
DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
2015-11-20 / 09:48
**Deutsche Rohstoff AG: Almonty announces resource update
Significant increase/Extended life of mine**
Heidelberg/Denver . Almonty Industries, 13.7% owned by Deutsche Rohstoff AG, announced today that it has published an updated NI 43-101 report for the two operating mines Los Santos (Spain) and Wolfram Camp (Australia) as well as the Valtreixal development project (Spain). Combined with the resources announced earlier in the year for the Sangdong development project (South Korea) the current reserves of Almonty amount to 12.4 million tonnes with an average grade of 0.41% WO 3 . Resources in the measured and indicated category add to 14.86 million tonnes (including reserves) with an average grade of 0.45% WO 3 and inferred resources add to 53.98 million tonnes with an average grade of 0.32% WO 3 .
Despite the already existing Sangdong resource, Almonty due to intensive exploration activity was able to increase its combined measured and indicated resources for Los Santos, Wolfram Camp and Valtreixal by 74% within one year. Inferred resources were even increased by 92%. Tungsten grades changed by + 2% and – 26% respectively.
Lewis Black, President and CEO of Almonty commented: “We believe the updated NI 43-101 Technical Reports demonstrate the consistent expansion of Almonty’s tungsten reserves and resources over the previously filed reports, once again demonstrating the company’s ability to increase the life-of-mine at each of its projects as well as uncovering their full potential.”
A detailed version of the press release can be downloaded on the companies website http://www.almonty.com/
Heidelberg, 20 November 2015
Deutsche Rohstoff identifies, develops and divests attractive resource projects in North America, Australia and Europe. The focus is on the development of oil and gas opportunities within the United States. Metals, such as gold, copper, rare earth elements, tungsten and tin complete our portfolio. For more information please visit www.rohstoff.de.
Contact:
Deutsche Rohstoff AG
Thomas Gutschlag
Tel. +49 6221 871 000
2015-11-20 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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: | [email protected] |
| Internet: | www.rohstoff.de |
| ISIN: | DE000A0XYG76, DE000A1R07G4, |
| WKN: | A0XYG7, A1R07G |
| Indices: | Entry Standard (Performance TOP 30) |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt |
| End of News | DGAP News Service |
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| 415063 2015-11-20 |