Hammer Metals acquires mining leases near Cloncurry in the Mount Isa Region

Hammer Metals, 15.51% owned by Deutsche Rohstoff, announced today, that it has agreed to acquire a 100% interest in 5 mining leases – the “Millennium” leases – near the town of Cloncurry in the Mount Isa region. At completion, Hammer will pay AUD 57,950 in cash and 0.5 million Hammer shares to the seller, a Joint-Venture between Chinalco Yunnan Copper Resources Ltd. and Elementos Ltd.