BTV - Batavia Mining

[Goldmann]

Any idea when this one will start actually producing gold? as with other speccies, it appears they are first to get hammered, as people wont wait around for it to start producing it 5 years, when the gold price may be back to $600 by then.

PS - i love the speccies though and hold many...

 

[tigerboi]

Keep your eyes peeled on this one trendsetters,could run very soon..

121,284,574 m shares

directors buying,barr.2m & 750,000,biddle.300,000,smith.400,000 in the last 10 days..

recent sale of gold project,IO rights retained,gravity survey paid by the buyer(300,000 worth)paid $3m now plus 2m ATW shares,then 3m in 09 & 10.
plus another $4m in 11 or on a positive bfs...total price $15m

cash as of recent quarter..$8.7m

plus:

sold THR shares for..$2.6m,placement.$960,000.also 1/3 raised.$3.8m,gullewa sale.$3m

They are cashed up & looking to switch their focus to the IO area they have in the mid west north east of gbg,mmx..i believe..one to watch..tb

 

[tigerboi]

Here is some news on the brandy hill & rocksteady IO projects that BTV are looking to get up & running..with dso out of rocksteady a good chance..

The initial Iron Ore exploration recognised the company's geographic advantage in the rapidly developing Mid
West Iron Ore Province. Cash flow from an alternative source, such as iron ore, has the potential to provide
additional capital for infrastructure upgrades at Gullewa. The company has identified two areas of interest,
Rocksteady and Brandy Hill.

The Banded Iron Formation (BIF) at Rocksteady is considered prospective for hematite iron ore exploration.
Waste dump stockpile sampling of the Rocksteady BIF returned several results of direct shipping ore (DSO)
grade hematite. Unfortunately the variability of grades, dilution of grades and limited volumes within the
stockpiles were disincentives to immediate exploitation. There was, however, sufficient evidence to suggest
that the untested in situ BIF could contain significant quantities of hematite mineralisation. The May 2007 drill
programme indicated several intersections of >55% Fe, effectively validating the potential of the area. The
highlight of the program was drill hole BRC173 which returned results of 8m @ 56.7% Fe from 17m and 3m @
55.6% from 27m.
The magnetic signature of two prominent BIF ridges at Brandy Hill are of high amplitude and comparable to
other known magnetite projects in the Mid West Iron Ore Province. The known BIF ridges had higher than
expected magnetite content therefore selected 5m composite samples of BIF material were submitted for
metallurgical testwork by the Davis Tube Recovery (DTR) method. DTR results achieved concentrate grades of
60.6% to 69.4% Fe at relatively coarse grind sizes of 30 to 40 microns passing 80%. The magnetite content
ranged from 56.4% to 84.9%. The company continues to seek investment partners to develop the iron ore
exploration.
EXPLORATION FOCUS
The immediate focus is to complete a gravity survey of the tenement block. This is scheduled for April 2008.
This will provide another valuable level of geophysical information as part of the `clean sheet' review enabling
exploration targeting to be completed.
The company is focussed on achieving value for shareholders and continues to review projects with exploration
potential.

 

[tigerboi]

Keep your eyes peeled on this one trendsetters,could run very soon..

121,284,574 m shares

directors buying,barr.2m & 750,000,biddle.300,000,smith.400,000 in the last 10 days..

recent sale of gold project,IO rights retained,gravity survey paid by the buyer(300,000 worth)paid $3m now plus 2m ATW shares,then 3m in 09 & 10.
plus another $4m in 11 or on a positive bfs...total price $15m

cash as of recent quarter..$8.7m

plus:

sold THR shares for..$2.6m,placement.$960,000.also 1/3 raised.$3.8m,gullewa sale.$3m

They are cashed up & looking to switch their focus to the IO area they have in the mid west north east of gbg,mmx..i believe..one to watch..tb

Director mr barr bought another 548,000 shares today...could be a nice big IO anns to come out on this one...they have got lots of cash..tb

 

[blackleo]

I'm all over this 1 as well. Directors (3) are all buying up big the last months and also cleaning out stale projects and building up the cash. I believe this could be a big multi bagger once the cat is out of the bag.

 

[tigerboi]

ReIRECTORS CANT STOP BUYING!!

Since the 5th of may the directors of batavia have bought the following amounts(neil biddle has bought another 200,000 since my first post),also the gullewa sale has been finalised today,this company is loaded with cash & still it hasnt cracked 10c...(1 trade today...)

5th may..

barr...2m shares
biddle...300,00
terry smith...400,00

9th may.. barr goes again(started the week at 55,454 shares)..
barr...750,000

13th may
terry smith...103,787

15th may
barr...146,234

19th may
barr...548,312

30th may
biddle...10,000

10th june...today
biddle...190,000

phew...talk about loading up big time this mob,i will be looking for a big anns.in the next 2 weeks...tb

maybe a buyout of the surrounding tenements of rocksteady & brandy hill.??

121,284,574 shares

approx.$18m cash.

currently..0.099c

 

[blackleo]

Yes Tigerboi it looks a winner. I can't believe others have not picked up on this.

Just need some news and then it's off.

 

[mike85]

i see that Neil Biddle acquired another 500,000 shares today...
does anyone know of any possible ann from BTV?

 

[kromey]

The Roper Iron Ore Deposits are entirely contained within NT Government leases EL
24102 and EL 24101 which are located approximately 120km east from Mataranka in
the Northern Territory along the sealed Roper Highway with EL 24101 residing on the
Namul Namul Pastoral lease and EL24102 within the Hodgson Downs Pastoral lease.
These undeveloped iron resources comprise some several hundred million tonnes
(Ferenzi, Report 13, NTG, 2001) of low and moderate grade ores which are in an
increasingly favourable location in relation to existing and potential infrastructure and
Asian markets.
Exploration activities on these resources are first recorded by BHP in 1955. BHP
Identified 26 deposits within the Roper Locality and these were named after letters of the
Alphabet…….A to Z. Exploration ceased by BHP in 1961 and the deposits were
confirmed by the Northern Territory Government in 1997. These leases have been held
by the Directors of North Australian Iron Ore Pty Ltd (NAIO) since 1989 in various forms.
Currently the deposits are within Exploration leases 24101 and 24102 held by NAIO.
The first significant iron ore find in the NT was made in 1911 at Murphy’s prospect near
Roper Bar. This small discovery drew BHP Ltd to the area in 1955 and led to an
investigation of the Roper River oolitic iron ore deposits. Diamond drilling, bulk sampling
and some metallurgical testing of deposits near Hodgson Downs (Deposits T, U, V and
W) Mount Fisher (Deposit M) and Sherwin Creek (Deposits A, B, C and E) was carried
out between 1956 and 1961.
This work included geological mapping, drilling (38 diamond drillholes totalling 1793 m),
shaft sinking, sampling and metallurgical testing of composite samples. Samples from
cliff exposures and test shafts were submitted to the CSIRO for petrological examination;
results of this work were presented in a number of unpublished reports (Baker and
Edwards 1956, Edwards 1956a, 1956b 1957a, 1957b) and in a published report by
Cochrane and Edwards (1960).
BHP analysis of the resource concluded that the iron within the ore was bonded
physically and not chemically therefore relatively easy to beneficiate with the then
current technology. An example of the beneficiation test in Deposit “C” (a grab sample)
of 45.8% Fe/28.5% SiO2 was upgraded to 64.9% Fe and reduced the SiO2 to 7.35%.
More recent tests by the owner have confirmed that current beneficiation techniques
would improve on that figure.
NAIO is an Australian registered private company in Darwin Australia. The company is
further registered for taxation and employee purposes to conduct business and holds
Miners Rights issued in the Northern Territory of Australia number 556444. The shares
of NAIO are wholly owned by Citizen International Investments Limited, a company
incorporated in the British Virgin Islands on the 3rd July 2007. The company has 50,000
shares and is the sole shareholder and 100% owner of NAIO.
This document is a summary of all available data on the quality and quantity of the Iron
Ore within the deposits as well as containing a map of the leases with the deposits
outlined. The entire data set is contained within CD or is available on the web at
http://www.tzent.com. NAIO was previously TZ Enterprises Pty Ltd.

 

[kromey]

DEPOSITS
The deposits are contained within the Sherwin Ironstone Member which forms a
mappable unit up to 8m thick with varying dips. At Deposit W the dip is virtually
horizontal and reasonably thick while at Deposit T the dip can be up to 22 degrees.
Accordingly most of the exploration activity, drilling and sampling was focused on
Deposit W.
Deposit A Not enough exploration with only two bulk samples taken very early in the
exploration phase.
Deposit B 37.4Million ton @ 36.3% Fe (inferred resource): magnetic in part.
Deposit C 200Million t @ 40.8% Fe (inferred resource),no overburden 16 million tons
with the lower bed averaging 45.5% on the surface over 7.3m thickness.
Deposit D Not enough exploration to infer a resource but samples assayed 47.0% Fe in
an exposed section 1.7m thick. The ore is soft and higher grade oolitic hematite at
45%-52% Fe.
Deposit E No resource inferred as too little exploration but average assays from
sampling 44.7% - 48% Fe.
Deposit F No data as never explored.
Deposit G 3 km strike length section of west dipping oolitic sandy ironstones and
ferruginous sandstone, A bulk sample ( BS2)collected by BHP ltd assayed 57.71% Fe,
there is no overburden.
Deposit H No resource inferred as too little exploration but channel sample assayed
19.1% Fe over 2.3m.
Deposit I Contains two beds of 7 m thick and 4.5m over assayed 50.4% Fe, extensive
development of secondary specularite hematite gently dipping to the North West.
Deposit J Not expected or sampled.
Deposit K No resources inferred as too little exploration but 6m thick section with a bulk
sample assayed @ 53.12% Fe.
Deposit L Not expected or sampled.
Deposit M Averages up to 4m thickness of massive soft oolitic to pisolitic ore. Gently
dipping to the east Mount Fisher is inferred at 4Mt @ 46% - 51% Fe with the best
sample recorded at 59% Fe (potential resource).
Deposit N Not inspected or sampled but lying within the Sherwin Ironstone Member
Deposit O Not inspected or sampled but lying within the Sherwin Ironstone Member
Deposit P Not inspected or sampled but lying within the Sherwin Ironstone Member
Deposit Q Geology but no assays, ironstone hosted in Bukalorkmi Sandstone
Deposit R No resource but bulk sample assayed 45.33% Fe,
Deposit S Geology but no assays and lying within the Sherwin Ironstone Member
Deposit T Measured section chip samples 40% - 48% Fe over 2-3m; drillhole assay
41.3% Fe, over 3.35m
Deposit U BHP bulk sample assayed 58% Fe over 2.5m; drillholes assayed 37.1% -
45.6% Fe, 14% - 16% SiO2 over 2.6 - 3.9m
Deposit V Measured section chip sample assayed 53.3% Fe
Deposit W Averages over 4m in thickness. Horizontal to 5 degree dip massive soft
oolitic ironstone bed hematite. Chips & bulk samples averaged 50.86% Fe (range 43% -
62.6%Fe) for over 60 million tons. Of this 60Million tons assays @ 50% - 55% Fe
with minimum overburden with a section of mesa averaging 2.5M of 58.2% Fe just
to the South of the main body. To the North the dip increases to 10 degrees to the
NW and the area of extent of “W” is approx 7 sq km. Ferenzi infers 200 million tons at W
but this is actually all deposits within EL 24102 at Hodgson Downs.

 

[kromey]

● Batavia enters into Heads of Agreement (“HOA”) with Northern Australian Iron Ore Pty Ltd ("NAIO") and Australian Ilmenite Pty Ltd ("AIPL") to acquire large, highly-prospective iron ore tenement package in Northern Territory.
● Tenements contain well-known iron ore deposits identified by BHP in the 1950’s and 60’s, as well as interpreted extensions to mineralisation at Roper Bar Iron Ore Project (Western Desert Resources-Itochu JV).
● Batavia to immediately begin review of historical data to formulate field programme and assess whether to proceed with acquisition.
The Board of Batavia Mining Limited (“Batavia or the Company”) is pleased to announce that it has entered into a Heads of Agreement (“HOA”) to exclusively negotiate the acquisition of a large tenement package situated in the Northern Territory which is highly prospective for iron ore. ("Acquisition").
In accordance with the HOA Batavia has the exclusive right until 31 January 2010 to enter into a final and formal binding agreement in respect to the Acquisition (“Option Agreement”) That agreement will grant to Batavia a six month option to make the final purchase decision, during which time Batavia will conduct due diligence and exploration. (“Option Period”)http://imagesignal.comsec.com.au/asxdata/20091223/pdf/01025730.pdf

 

[kromey]

A THREE-MAN Territory company has made $15 million on an Outback mining tenement %u2014 and could make up to $50 million more.

Darwin-based North Australian Iron Ore Pty Limited has signed a deal with Perth investment and exploration firm Batavia Mining.

Batavia will get 100 per cent of the shares in the Territory junior explorer, which has an exploration licence over 3500 square kilometres of land at Roper River, 475km southeast of Darwin.

The tenement ? and an adjoining prospect ? are being hailed as the next Pilbara, although the resource has yet to be firmed up.

In return, North Australian Iron Ore will get $15 million in cash, 150 million shares in Batavia and an option for 100 million more shares.

It will also receive 4.5c per tonne of ore during mining. North Australian head Jerry Ren said:

"This is more a merger than a sellout."

He said the Roper iron ore mine could be the biggest investment project in Territory history.

Western Desert Resources owns a massive tenement next door.

The two operations are investigating how to export the iron ore.

The main option is to transport the ore as slurry by pipe or barge about 100 kilometres to Port Roper.

Both companies are believed to be in negotiations with the Territory Government about building a bulk loader at the port.

"It's called Port Roper but there's nothing there," Mr Ren said. "We would have to build it."

Much of the ore at the Roper is high grade.

The lower-grade material would be beneficiated ? washed to improve its quality.

Mr Ren said mining could begin within two years.

Japanese company Itochu has bought a share of Western Desert Resources.

It also tried to buy a stake in North Australian Iron Ore ? but the overtures were rejected in favour of Batavia.

 

[kromey]

Jiangyin Huaxi Steel takes placement in BTV and also offers offtake agreement for 1million tonnes a year for a period of 5 years.
BTV are moving quickly with Roper Iron ore project and so will its share price when it trades again.....Jiangyin Huaxi Steel, a subsidiary of the Jiangsu Huaxi Group, was established in 2002 and is
located in Jiangyin, approximately 100km northwest of Shanghai. Jiangyin Huaxi Steel currently
employs approximately 3,400 employees and has a product portfolio covering billets, wire, flat
and stainless steel. Jiangyin Huaxi Steel recorded revenue of AUD$1.4 billion in 2009 and
earnings before interest and tax of AUD$109 million which is forecast to increase to AUD$147
million in 2010 with revenue of AUD$1 ,639 million.
Jiangsu Huaxi Group is the largest township enterprise in China and comprises 57 subsidiary
companies. In 2009, revenue of the Jiangsu Huaxi Group was approximately AUD$7.5 billion.

 

[Joe Blow]

kromey,

If you're going to quote from articles elsewhere on the web you need to link to the original source material so people know where it came from.

Also, as I'm not sure where this information is from I cannot know whether or not you're infringing copyright. In future, without a link to the original source material, these kind of posts will probably be deleted.

If it's from a company announcement please let us know which announcement.

Thanks!

 

[kromey]

Here's the link to the source material I quoted in my post above.http://imagesignal.comsec.com.au/asxdata/20100413/pdf/01054343.pdf

 

[kromey]

Red-hot iron ore prices attract resource juniors BARRY FITZGERALD
April 12, 2010

Batavia Mining becomes the latest to make the switch as current pricing expectations gives added confidence.

IRON ore prices are on the rampage. Spot prices into China of more than $US150 a tonne represent a $US90 a tonne, or 150 per cent, increase on last year's benchmark prices. That's pretty special given that it can cost less than $US30 to produce a tonne of the stuff.

More to the point is that there is broad agreement that the super-strong prices are here to stay for at least two or three years, after which there will some price moderation as planned expansions by the big three of Vale, Rio Tinto and BHP Billiton erase the current supply shortages.

But even then, the prospective margins for producers are still expected to be good enough to continue to make the iron ore game one of the most profitable in town.

More here: http://www.theage.com.au/business/redhot-iron-ore-prices-attract-resource-juniors-20100411-s0uq.html

 

[jancha]

Hi all
Like the look of this stock atm.
Hasn't done much for awhile since May but some volume in trade & a jump from 19c to 24c. News to come perhaps.
Anyones thoughts on BTV?
Looks kind of bullish.

 

[jancha]

Hi all
Like the look of this stock atm.
Hasn't done much for awhile since May but some volume in trade & a jump from 19c to 24c. News to come perhaps.
Anyones thoughts on BTV?
Looks kind of bullish.

Looks like i guessed right with announcement coming out.
Could be some good news judging by the jump & increase in volume.

 

[System]

Batavia Mining Limited (BTV) is now known as Sherwin Iron Limited (SHD).

Discussion of this company continues in the SHD thread, which can be found here: https://www.aussiestockforums.com/forums/showthread.php?t=20652

This thread has now been closed.