Deutsche Rohstoff AG
Deutsche Rohstoff AG: Deutsche Rohstoff invests in Australian Hammer Metals Ltd.
Deutsche Rohstoff AG / Key word(s): Investment 03.02.2015 08:00 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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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