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BlueBird Battery Metals to increase its Australian Property Portfolio

Mining News - Published on Thu, 12 Jul 2018

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BlueBird Battery Metals Inc announced that it has entered into a binding letter of intent 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 through the acquisition of 75% of the outstanding share capital of Impact's wholly-owned subsidiary that holds the exploration licenses.

Mr Peter A Ball Chairman and CEO of Bluebird commented that "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 and CEO, Dr. Mike Jones."

Mr Ball added that "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."

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Posted By : Joykumar Irom on Thu, 12 Jul 2018
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