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Deutsche Rohstoff AG: Hammer Metals acquires mining leases near Cloncurry in the Mount Isa Region

DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
Deutsche Rohstoff AG: Hammer Metals acquires mining leases near Cloncurry in
the Mount Isa Region

04.05.2016 / 15:57
The issuer is solely responsible for the content of this announcement.

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Deutsche Rohstoff: Hammer Metals acquires mining leases near Cloncurry in
the Mount Isa Region
Historic drill data with high copper and cobalt mineralization

Heidelberg/Perth. Hammer Metals, 15.51% owned by Deutsche Rohstoff,
announced today, that it has agreed to acquire a 100% interest in 5 mining
leases - the "Millennium" leases - near the town of Cloncurry in the Mount
Isa region. At completion, Hammer will pay AUD 57,950 in cash and 0.5
million Hammer shares to the seller, a Joint-Venture between Chinalco
Yunnan Copper Resources Ltd. and Elementos Ltd.

The tenements that are situated 50 km north of Hammer's Kalman deposit and
16 km west of Cudeco's Rockland copper-cobalt mine do not have a current
JORC compliant resource. However, there are several historic drill assays
with encouraging results, such as 19 m at 1.27% Cu, 0.38% Co and 0.7g/t Au.
Hammer Metal's management considers the tenements as highly prospective and
is confident to be able to produce a JORC compliant resource and gradually
increase its size through exploration.

Cobalt is a significant contributing metal in the Millennium mineralization
and it is a critical metal in the production of Lithium Ion batteries,
which require approximately 15% cobalt oxide content depending on the
maker. According to analysts a global supply shortage is possible with
Tesla alone likely to increase the global demand by 10% p.a.

Detailed information can be found on Hammer's website:
http://www.hammermetals.com.au.

Heidelberg, 4 May 2016

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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04.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a
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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: [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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