The Company has quickly become recognized as having the necessary assets for entry into the top tier of Australian uranium exploration companies. Batavia Mining holds 100% interest in three million acres of property located within the most prospective basins in Northern Territory, each with the potential to host a significant uranium discovery. Batavia Mining is one of only six Australian companies with a historical resource, and the timing for the discovery of new uranium resources is perfect.
On the world stage, these assets are even more favorable as the demand for energy and climate change emerge as major global issues. Increasingly, with global energy requirements forecast to double in the next two decades, uranium is considered the energy source that will provide clean and sustainable energy for the future. We are now seeing the initial stages of this urgent need play out through the dramatic spot price increases for uranium. Over the course of the last year, the spot price has increased to US$135 per pound from US$45 –a clear indication the supply-demand gap is real and new uranium resources need to be found to meet demand. In fact, just two and a half years ago when the properties were first being consolidated for Batavia Mining, the price was under US$20 per pound.
Batavia Mining is a new company with low market capitalization and is embarking on its first exploration program—a program we believe will significantly increase the company’s valuation and provide stockholder appreciation.
The Company is ideally positioned to find uranium deposits in any one of the five key project areas. Our exploration plan for 2007
includes evaluation of the historic resource at Amer Lake and making it code compliant while defining drill targets on several uranium
prospects within our property portfolio. We feel that this portfolio provides shareholders with an excellent opportunity to participate in
this growing energy sector.
Batavia Mining is committed to discovering uranium, and the timing is perfect. Increased demand for uranium as an environmentally
sustainable source of energy is already apparent, and Batavia Mining shareholders are poised to gain from significant appreciation in the
Company’s value as a result.
Uranium World Facts
• Over 23% of the world’s electricity is generated from uranium.
There are about 440 nuclear reactors operating in 31 countries.
• A further 28 reactors are under construction, and an additional
22 are in the planning stages or are being proposed.
• Current mine production supplies only 60% of the world’s demand
or uranium. The world demand for electricity is expected to double
• Industry analysts are projecting that up to double the number of
generating plants could be required to meet this demand. With the
requirement for additional units, there is an urgent need to find new
Difference Between Nuclear Power and Fossil Fuels?
• One ton of uranium produces more than 40 million kilowatt-hours
. This is equivalent to burning 16,000 tons of coal or
80,000 barrels of oil.
20 kg of uranium produces as much energy as 400,000 kg of coal.
•Nuclear power emits no carbon dioxide, unlike fossil fuels.
•Nuclear energy has the lowest impact on the environment – air, land, water, and wildlife – of any major energy source.
• Just a few pellets of uranium stacked together, about the size of a crayon, can generate enough electricity for an entire family for a year.
Uranium Mining: Australia
• About 15% of Australia’s electricity comes from nuclear power with 18 reactors providing over 12,500 MWe of power.
• By using nuclear energy to produce electricity in Canada, we avoid the emission of about 90 million tonnes of greenhouse gases per
year, equivalent to the greenhouse gases produced by 18 million cars or trucks – about 12% of Australia’s total greenhouse gas emissions.
• Northern Territory’s mines account for 30% of the world’s total uranium production.
• Energy from Western Australia’s uranium reserves of 800 million pounds is equivalent to 19 billion barrels of oil or four billion tonnes of coal.
The Australian uranium mining industry has sales in the order of AUD$500 million dollars annually.