Deutsche Rohstoff AG

Almonty Industries has announced that it has signed an off-take-agreement with an existing customer for a part of the future production of its wholly owned Sangdong mine. The agreement has a term of 10 years and guarantees revenues for Almonty of at least 500,000,000 CAD while it doesn't cap the price on the upside. Further details and the full release can be found on www.almonty.com. Mannheim, 13 March 2018 Deutsche [...]

The present value of the reserves of Cub Creek Energy and Elster Oil & Gas amounted to USD 169 million as of 31 December 2017 for proved reserves and USD 28 million for probable reserves. Therefore, proved reserves have increased and probable reserves have been significantly reduced. Proved reserves have increased to 17.5 million barrels of oil equivalent , while probable reserves fell to 7.1 million BOE . The changes are [...]

Elster Oil & Gas, in which Deutsche Rohstoff holds a 93% stake, has announced that the majority of the new horizontal wells in the Magpie area have started to produce oil and gas on February, 10th. The remaining wells are scheduled to commence production on March, 6th. The operator informed EOG accordingly. There are a total of 28 wells with different horizontal lengths. Elster holds around 36% of the ownership of these [...]

Elster Oil and Gas has significantly increased its interest in the near term producing wells in the Magpie area. The overall project consists of 25 one and a half, two and two and a half- mile lateral wells. EOG will hold an average 34% working interest and therefore an equivalent of 17 net 1-mile lateral wells instead of 11 net wells expected so far. Total investment will increase from previously assumed 30 million USD [...]

Deutsche Rohstoff: Tin International receives further tin-lithium exploration license in Saxony, Germany Mannheim/Leipzig. The Upper Mining Authority of Saxony has granted Tin International a new exploration license in the Eastern Ore Mountains of Saxony, Germany. The license covers an area of 15km2 around the Hegelshöhe hillside and is located just 5km south-east of the Sadisdorf license which Tin International [...]

Deutsche Rohstoff AG: Ceritech's Rare Earth Gypsum Project receives governmental funding in the amount of EUR 1.2 million Mannheim/Leipzig. A project consortium led by Ceritech AG received a funding in the amount of EUR 1.2 million from the German Federal Ministry of Education and Research within the governmental funding measure "CLIENT II - International Partnerships for Sustainable Innovations". The Project commences in [...]

Deutsche Rohstoff: Group benefits from US tax reform New production data for Cub Creek Energy's pads Mannheim/Denver. The US corporate tax reform will have a positive impact on Deutsche Rohstoff and its subsidiaries in the US. The reduction of the tax rate from 35% to 21% will result in an additional earnings related to the reduction of deferred tax liabilities in the consolidated financial statement for 2017. This is [...]

Deutsche Rohstoff: Salt Creek boosts production in October by 61% Net production jumps over 1,000 barrels of oil equivalent per day Mannheim/Denver. Salt Creek Oil & Gas, a 90% subsidiary of Deutsche Rohstoff AG, increased its net production during October 2017 to 1,053 barrels of oil equivalent per day . Average production in the first nine months 2017 amounted to 653 boepd. Main driver for the 61% increase are six new [...]

The Joint Venture of Tin International AG and Lithium Australia has commenced a diamond drilling program at the Sadisdorf project. Lithium Australia, a Perth-based company, has the right to earn up to 50% of the project by spending a total of EUR 2 million on exploration. The 460 m program consists of two holes and aims to provide additional validation of the historical exploration work in order to increase the confidence [...]

The Joint Venture of Tin International AG and Lithium Australia reports today, that a maiden lithium Mineral Resource estimate has been completed for the Sadisdorf tin-lithium project, located in Saxony, Germany. The project is managed through Lithium Australia, a Perth-based lithium explorer and processing technology developer, who can earn up to 50 % of the project by spending a total of EUR 2 million on exploration [...]