Completion of the program in Geyer and Gottesberg scheduled for February/Upgrade of existing resource to JORC standard
Heidelberg. Tin International Ltd. based in Brisbane, Australia, and its subsidiary Sachsenzinn GmbH, based in Chemnitz, have started confirmatory drillings in both tin deposits in Geyer and Gottesberg (Ore Mountains, Saxony). According to the GDR classification, the deposits together contain a resource of more than 180,000 tons of tin. Combined the deposits therefore form the largest currently known and undeveloped tin deposit worldwide. Due to good cooperation with the authorities and the local population the drilling was prepared within few weeks and began in Geyer yesterday. Drilling in Gottesberg will follow early next week. A total of five drill rigs will be used at the same time.
The main objective of the drill program is to confirm the results from the 1970s and 1980s. For this purpose, several holes with about 2,400 meters in total are being drilled in both areas. In Gottesberg, two additional drill holes to the confirmatory drilling will be made to increase the accuracy of the resource model. After completion of the program, probably in February 2012, an independent Australian expert will convert the historical resource into an internationally accepted JORC-standard resource.
An IPO of Tin International at the Australian ASX is scheduled for 2012. Deutsche Rohstoff AG is the largest shareholder of Tin International and holds 68% of shares. In September 2011, Tin International completed a first round financing of AUD 4 million (about EUR 3 million) which were raised from international investors, mainly from Australia and Asia.
Heidelberg, 24 November 2011
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 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 redeveloping deposits which have been well explored in the past. A first production started in Georgetown/Australia in January 2011. For more information please visit www.rohstoff.de.
Dr. Thomas Gutschlag
Deutsche Rohstoff AG
Friedrich-Ebert-Anlage 24, 69117 Heidelberg
Tel. (06221) 87 100-0
Fax (06221) 87 100-22
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