Vancouver, British Columbia, V6C 3L6
200 Burrard Street, Suite 1680
Vancouver, British Columbia, V6C 3L6
Tel: (604) 678-5308
www.BlueBirdbatterymetals.com
BlueBird Battery Metals to Acquire Ashburton Cobalt Project in Prospective
Talga Fault Zone and Increases Australian Cobalt Portfolio to 518 km2
Vancouver, British Columbia, June 12, 2018 – 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 100% of the rights, title and interest in the granted
exploration licences of the Ashburton Cobalt Project (“Ashburton”), located 100 km southwest
of Paraburdoo, Western Australia (Refer to Figure 1), from Peter Romeo Gianni (the “Vendor”).
“We are excited to add another Co-Mn project to our portfolio in Western Australia that not only
delivers well above industry standard Co grades, but has the potential to yield simpler metallurgy,
noting the cobalt is hosted by manganese. Another key reason we selected th e Ashburton, other
than the style and grade of deposit, is the Western Australia location, which is known globally as
where mining projects can be fast tracked to production, and dramatically quicker than North
America. Mineral projects are significantly more valuable the sooner the product reaches the end
user or market,” commented Alf Stewart, President of BlueBird.
Highlights of Ashburton Cobalt Project:
• The 189 km2 tenement package increases BlueBird’s portfolio of cobalt focused projects
in Western Australia to 231 km2, and its total portfolio in Australia to 518 km2.
• Tenement controls more than 30 km of the Talga Fault Zone (“TFZ”), a major, northwest
trending litho-structural contact zone..
• Historical r econnaissance exploration results (surface rock chip samples) indicate
anomalous cobalt grades ranging from trace to 0.311%.
• References above and in Figure 2/3 below and to other companies ’ results, is for
information purposes only. The selected samples are not necessar ily representative of
mineralization at Ashburton and there are no assurances the Company will receive similar
results.
“Historical exploration at the Ashburton Cobalt Project indicates an opportunity for the discovery
of a near surface cobalt deposit , will play a key part in establishing BlueBird as a leader in the
exploration and advancement of cobalt project,” commented Peter A. Ball., Chairman and CEO
of BlueBird. “With four acquisitions in three months focused on building a portfolio of quality
cobalt projects, we are clearly providing a platform to build shareholder value for our
shareholders. We continue to review other battery metal projects to add to our portfolio and look
forward to delivering value through focused aggressive exploration programs.”
Ashburton Tenement Overview
The Ashburton Cobalt Project is comprised of three tenements, Capricorn, Jessice Bore and
Edmund, all located along the surface trace of the TFZ (Refer to Figure 2). The most advanced of
the three tenements, Jessica Bore, highlights multiple surface rock chip samples returning cobalt
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grades greater than 0.1% Co (Refer to Figure 3). There are no assurances the Company will receive
similar results to the adjacent property
Fig 1: Ashburton Project Location Map
Project Geology
The Ashburton Cobalt Project covers the north-western extent of the Edmund Basin, a 4 km thick
suequence of siliciclastic and carbonate sedimentary rocks lying unconformably on rocks of the
Ashburton Basin, represented by the Wyloo Group, a 12 km thick SE trending sequence of
low-grade meta -sediments and meta -volcanic rocks. The Project is underlain by rocks of the
Capricorn Orogen, a major tectonic zone between the Archaen Yilgarn and Pilbara Cratons. The
Capricorn Orogeny deformed and metamorphosed the Ashburton Basin producing the dominant
NW-SE fold axis, shear and foliation trends and low grade metamorphism.
The dominant structural feature is the Talga Fault Zone ( “TFZ”) a major NW -SE trending fault
zone interpreted to represent a suture zone between the Ashburton and Gascoyne Complex, a
sequence of metasedimentary and meta-igneous rocks extensively intruded by large volumes
of granite, forming the basement for the Edmund Basin sedimentation.
Previous exploration of the tenements focused on extensive manganese mineralization, been traced
for over 60 km along the TFZ. Cobalt and Manganese mineralization is associated with a dolomitic
unit parallel to the TFZ. Surface rock chip samples have returned anomalous cobalt results, ranging
from trace to 0.31% (Refer to Table 1). There are no assurances the Company will receive similar
results.
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Fig 2: Rock Chip Sample Results
Fig 3: Jessica Bore Prospect Cobalt Rock Chip Results
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Table 1 – Selected Surface Rock Chip Results – Ashburton Project
Sample Easting Northing Ba ppm Co ppm Co % Cu ppm Mn % Mo ppm Ni ppm Zn ppm
109682 480684 7386325 3000 3110 0.31 1570 37.6 3.5 1480 1270
CAPR0461 513000 7365230 793 3060 0.31 210 16.7 0.5 986 1180
109691 479125 7387008 1090 2500 0.25 666 17.2 3.0 394 452
108542 477898 7389615 782 2300 0.23 1440 6.5 88.0 1660 331
CAPR0024 430184 7414361 65400 2150 0.22 712 25.6 0.0 0 696
109681 480702 7386075 853 2130 0.21 332 17.5 12.0 392 630
CAPR0042 434478 7412365 12600 1760 0.18 706 13.1 18.0 540 594
CAPR0068 446709 7413236 99 1670 0.17 998 11.8 4.0 3560 4840
109812 480680 7386330 983 1430 0.14 496 8.6 3.0 656 370
101504 477474 7389296 9400 1400 0.14 372 8.3 0.5 456 322
109687 479239 7386866 1920 1130 0.11 470 11.0 4.5 410 286
CAPR0437 480925 7385865 387 1090 0.11 196 0.9 3.0 528 634
CAPR0442 488470 7380690 47100 1050 0.11 8 21.2 1.0 22 82
Table 1 includes selected results from historical surface rock chip sampling of the Ashburton
Project. There are no assurances that the Company will be able to duplicate these results.
Please visit the website www.bluebirdbatterymetals.com for additional information, maps ,
sections, and assay tables related to the Ashburton Cobalt Project.
The technical content of this news release has been reviewed and approved Wes Hanson, P.Geo.,
a director of the Company a nd a Qualified Person pursuant to National Instrument 43 -101. The
qualified person has not yet visited the Ashburton Project, and therefore has not yet verified the
data disclosed, including sampling, analytical, and test data underlying the information or
opinions contained in the written disclosure.
LOI Terms
Under the terms of the LOI, which will be formalized by a definitive agreement among the parties,
the Company will purchase 100% of Ashburton by paying the Vendor CAD$25,000 and issuing
to the Vendor, over a two year period, common shares valued at CAD$1,500,000..
This transaction is subject to the acceptance of the TSX Venture Exchange.
The Company also announces that its press release dated June 7, 2018 incorrectly stated that
COMVERJ Pty Ltd was a finder. The correct finder is Lexcon Pty Ltd. No finder’s feeis payable
in respect of the Ashburton transaction.
About BlueBird Battery Metals
BlueBird Battery Metals (TSXV: BATT; US: BBBMF) is a Canadian publicly listed company
focused on the global exploration and development of strategic battery metals projects, primarily
cobalt and nickel. BlueBird’s goal is to pursue a business model that offers direct and long -term
leverage to the price appreciation in nickel and cobalt, two principal materials in EV batteries. The
Company plans to become a leader in the battery metals sector, as cobalt is currently in a global
supply deficit, has a vulnerable supply chain, and is part of an emerging sector with extraordinary
potential. BlueBird is advancing its portfolio of battery metals focused assets in Western Australia
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and New South Wales, Australia, and in the Yukon, Canada, and is currently reviewing new
acquisition opportunities to add to the Company’s project portfolio.
On Behalf of the Board of BlueBird Battery Metals Inc.
Peter A. Ball
Chairman and CEO
For more information, please contact 1-855-584-0160 or [email protected].
This news release may contain or refer to forward-looking information based on current expectations, including, but
not limited to the Company acquiring an interest in properties controlled by Mr. Gianni, exploring its properties in
Australia or the Yukon, and the impact on the Company of these events, including the effect on the share prices.
Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially
from forecasted results. Forward-looking information is provided as of the date hereof and we assume no
responsibility to update or revise such information to reflect new events or circumstances.
Neither TSX Venture Exchange, the Toronto Stock Exchange nor their Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.