Hammer Metals and Glencore form Joint Venture in the Mount Isa Region

The Australian company Hammer Metals Limited (“HMX”), of which Deutsche Rohstoff holds 17.3%, announced today that it has entered into a Joint Venture Agreement with Mount Isa Mines Limited, a subsidiary of Glencore. The aim of the Joint Venture is to explore a 644 km2 large land package for IOCG style copper-gold deposits, similar to the nearby Ernest Henry Mine, which is operated by Glencore.