Batavia Mining
Batavia Mining Limited (ASX: BTV) is an Australian-based iron ore exploration company listed on the Australian Securities Exchange and the German Stock Exchange (DAX:BTV).
In late 2009, Batavia entered into a Heads of Agreement to acquire the Roper River Iron Ore Project, a large-scale iron ore asset located 475km south-east of Darwin in the Australian Northern Territory within an emerging coastal iron ore province.
The 3,500km2 tenement package lies adjacent to a major emerging iron ore project being developed by a Western Desert Resources/Itochu joint venture.
Batavia has until 29 July 2010 to exercise its option over the Roper River Project, and is currently completing a due diligence and exploration program aiming to convert an Exploration Target of 400-500 million tonnes grading +40% Fe, including 80-150 million tonnes of Direct Shipping Ore (DSO) grading 50-60% Fe, to JORC compliant resources.
Batavia Mining in trading halt pending announcement on Roper River Project
Batavia Mining (ASX: BTV) has requested a trading halt pending release of an announcement about the Roper River Iron Ore Project.
The halt will last until an announcement is made or the commencement of trading on 2 August, 2010.
On June 22, 2010, Batavia completed its $4.8 million capital raising to Jiangyin Huaxi Steel Co Ltd, enabling it to focus on an exploration program at the Roper River Iron Ore Project in the Northern Territory.
The exploration program is part of the company’s strategy to develop a world-class iron ore project at Roper River.
The Project is located 425km south-east of Darwin, where it adjoins a major emerging iron ore project currently being explored and developed by Western Desert Resources (ASX: WDR) and ITOCHU Corporation of Japan.
Other Batavia Mining news
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26/08/10 Batavia Mining in trading halt pending Roper River Project announcement
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02/08/10 Batavia Mining identifies continuous hematite iron ore at Roper River
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28/07/10 Batavia Mining receives A$1.5m second payment of Gullewa sale agreement
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22/06/10 Batavia Mining raises A$4.8m for development of Roper River Iron Ore Project
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29/04/10 Batavia Mining to seek shareholder approval for placement to Jiangyin Huaxi Steel
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16/04/10 Batavia Mining lifts suspension of trading
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15/04/10 Batavia Mining raises A$9.6M for Roper River Iron Ore Project
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09/04/10 Batavia Mining requests trading halt
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