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Deutsche Rohstoff AG: Almonty announces resource update

DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
Deutsche Rohstoff AG: Almonty announces resource update

20.11.2015 / 09:48

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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% WO3. Resources in the measured and indicated
category add to 14.86 million tonnes (including reserves) with an average
grade of 0.45% WO3 and inferred resources add to 53.98 million tonnes with
an average grade of 0.32% WO3.

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. [phone]
[e-mail]



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Language: English
Company: Deutsche Rohstoff AG
Friedrich-Ebert-Anlage 24
69117 Heidelberg
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
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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