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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.
