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BlueBird Battery Metals to Increase its Australian Property Portfolio with Acquisition of 726 km2 of Exploration Licenses in the Broken Hill Camp, New South Wales, Australia
BlueBird Battery Metals to Increase its Australian Property Portfolio with Acquisition of ...
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[{"type":"text","content":"\n\n\n\n\nBlueBird Battery Metals to Increase its Australian Property Portfolio with Acquisition of 726 km2 of Exploration Licenses in the Broken Hill Camp, New South Wales, Australia\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, July 10, 2018\n\n\n\nVANCOUVER, July 10, 2018 /CNW/ - BlueBird Battery Metals Inc. (TSXV: BATT; US:BBBMF) (the \"Company\" or \"BlueBird\") is pleased to announce that it has entered into a binding letter of intent (\"LOI\") to acquire 75% of the rights, title and interest in the granted exploration licences of a 726 km2 property holding in the Broken Hill Project, Australia from Impact Minerals Ltd (\"Impact\") (IPT:ASX) through the acquisition of 75% of the outstanding share capital of Impact's wholly-owned subsidiary that holds the exploration licenses. \n\n\"We are excited to be able to secure the opportunity to explore such a world-class district, and the orginal area that launched BHP Billiton, for battery and other related metals. A number of priority exploration targets have already been identified, and our technical team is pleased to be able to work closely with Impact Minerals, led by respected PhD (Economic Geology) and CEO, Dr. Mike Jones,\" commented Peter A. Ball Chairman and CEO of Bluebird. \"Our collection of strategic battery metals assets in Australia and Canada establishes a foundation from which BlueBird can become a leader in the sector. We anticipate a busy year, as we start to formalize our exploration strategy, and get boots on the ground to quickly build value for our shareholders.\"\n\nHighlights of the Transaction:\n\n\nThe Broken Hill District, located in New South Wales, is one of the worlds' most productive  base metal camps, with estimated historical resources of 28 Mt lead, 24 Mt zinc and approximately one billion ounces of silver produced from the \"Line of Lode\", at the Broken Hill Mine, the deposit that established Broken Hill Propriety Ltd., (now BHP Billiton) one of the largest mining conglomerates in the world.\nLarge strategic gr...