krisbarry1
Uranium and Northern Territory, need I say anymore!
Latest News:
Sydney - Wednesday - July 20: (RWE Australian Business News) - Batavia Mining Ltd (ASX: BTV) has reached agreement with AIM-listed specialty metals company Thor Mining to acquire the Uranium Exploration Rights over a portfolio of exploration licences in the Eastern Arunta Province of the Northern Territory.
The acquisition represents a significant addition to the substantial portfolio of uranium projects in the Northern Territory acquired last week by Batavia and represents a further step in its uranium exploration and development strategy in the region.
It comprises Uranium Exploration Rights to a large ground package including an Exploration Licence and Exploration Licence Applications covering a total area of 1,200 sq km.
The ELAs are expected to be granted shortly. The Thor package
complements the nearby Harts Range, Hale River and Plenty Highway
Prospects, acquired by Batavia last week.
Batavia is continuing to negotiate further acquisitions in this
highly prospective and under explored region, which was the focus of
uranium exploration in the 1970s and early 1980s.
The agreement with Thor also provides Batavia with an extensive
regional data package of historical uranium and polymetallic exploration
containing numerous identified and conceptual targets within a
prolifically mineralised region.