CERITECH

It is the objective of the Ceritech AG to promote the development of the REE deposit Storkwitz that is located in Saxony. Our company holds the license area “Delitzsch”. Here the only known deposit of rare earth elements (REE) of Middle Europe can be found. To convert the deposit into an internationally accepted resource according to the JORC standard, a first confirmation well was drilled in the time period from April to June 2012. Subsequently, to confirm the estimates of the former GDR geologists, further exploration is planned. Additionally, the extension of the deposit at depth should be determined. Early investigations already assumed that there is a considerable potential for an expansion of the deposit.