Plan of operations approved/ Refurbishment of processing plant
Heidelberg/Georgetown, Australia. Deutsche Rohstoff Australia has obtained the approval of the Plan of Operations for the Georgetown gold mine. Thereby, the project has finally taken all legal hurdles. Refurbishment of the gold processing plant in Georgetown has started on 1 July as scheduled. The plant shall be ready for operation by mid September according to the schedule. Afterwards, the operational sequences will be optimised before the processing of the gold ores from the associated deposits can start in October.
Deutsche Rohstoff Australia is a 100 per cent subsidiary of Deutsche Rohstoff AG. The Georgetown project currently holds approx. 155.000 ounces of gold and 165.000 ounces of silver, out of which 95 per cent meet the Australian JORC standard. Deutsche Rohstoff Australia anticipates a monthly production of around 2,000 ounces of gold and 2,000 ounces of silver.
Deutsche Rohstoff AG (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 gold, oil/gas and so called high tech metals such as indium, gallium, rare earth metals, cobalt. All projects are located in countries marked by political stability, the core area being Germany. The business concept is based on redeveloping deposits which have been well explored in the past. Production start is scheduled for 2010.
Heidelberg, 05 July 2010
Dr. Thomas Gutschlag
Deutsche Rohstoff AG
Friedrich-Ebert-Anlage 26, 69117 Heidelberg
Tel: 06221/652 4730
Koppelstätter Kommunikation GmbH
Friedrichstraße 2, 76530 Baden-Baden
Tel: 07221/97372 11
Fax: 07221/97372 22