Deutsche Rohstoff Ag: Seltenerden Storkwitz Ag announces results of Jorc-Report
31.01.2013 | DGAP
Deutsche Rohstoff AG: Seltenerden Storkwitz AG announces results ofJORC-report
Confirmation of the historical estimate/Capital increase completed
Heidelberg. Seltenerden Storkwitz AG (SES), Chemnitz, announced today that
the now available resource estimate according to the Australian JORC
standard fully confirms the previous resource estimate from the 1980s. The
geometry and the trend of the ore body as well as the rare earths and
niobium grades and tonnages were confirmed.
The previously explored and in 2012 drilled part of the Storkwitz deposit
(up to 600 meters deep) accounts for an ore volume of 4.4 million tonnes at
an average rare earth oxide grade of 0.45 per cent. This corresponds to a
metal content of 20,100 tons of rare earth elements (REE). Almost half of
this amount is categorized in the 'indicated' category, the rest is a
classified 'inferred'.
Additionally, the JORC report gives an outlook on the extension of the
deposit and its geometry at greater, not yet drilled depths. This outlook
also matches with the estimates and models of geologists from an earlier
stage in the evaluation process. With a very good probability the
carbonatitic-magmatic intrusive body of Storkwitz is defined by a
continuation of the ore body to a depth of 1,200 meters below surface,
which should still not reach the end of the mineralization.
The company also announced that the current capital increase has been
successfully completed. 100,118 shares were issued at a price of EUR 7.20
per share. The share capital of SES now amounts to EUR 1,804,518 (1,804,518
shares). Deutsche Rohstoff AG holds 981,600 shares, corresponding to 54.4%.
A detailed report can be found on the website of SES
(www.seltenerden-ag.de).
Heidelberg, 31 January 2013
Deutsche Rohstoff AG (Heidelberg, Germany), listed in the Entry Standard
segment of the Frankfurt Stock Exchange, is establishing a new primary
producer. The company's focus is placed on gold, oil & gas and so-called
high tech metals such as tin, tungsten, and rare earth metals. All projects
are located in countries marked by political stability, the core area being
Germany. The business concept is based on (re-) developing deposits, which
have been well explored in the past. www.rohstoff.de
Contact:
Thomas Gutschlag
+49 6221 871 000
gutschlag@rohstoff.de
End of Corporate News
Unternehmen: Deutsche Rohstoff AG - ISIN: DE000A0XYG76