Deutsche Rohstoff AG has released resource estimates for its two large tin projects in Saxony which are compliant with the Australian JORC reporting standards. The tin assets are held within the 61% owned subsidiary Tin International Ltd, which plans an IPO in Australia later this year.
The new estimates are based on a confirmatory drilling programme at the Gottesberg and Geyer projects carried out from November 2011 to April 2012, building on extensive historical records. For Gottesberg the resource is estimated at 115,000 tonnes of contained tin at an average grade of 0.27% tin, while for Geyer the respective figures are 44,000 tonnes at 0.37% tin.
Dr. Thomas Gutschlag, Chief Financial Officer of Deutsche Rohstoff commented: “We are very pleased with the results of the confirmatory drilling work. TIN will now begin scoping and feasibility studies with the plan to develop the deposits.” Kerry Heywood has recently been appointed as CEO of Tin International and will oversee activities at the projects in the future.
