Batavia boss Greg Durack hits the roadshow circuit this week, with copper and gold prices at record highs and investor enthusiasm for all things uranium continuing unabated.
Batavia has all three commodities in its portfolio — the first two as part of the Deflector gold/copper project at Gullewa in Western Australia's Murchison region and the uranium as part of an early-mover portfolio of Northern Territory tenements.
Batavia will no doubt be reviewing its options to maximise the benefit of its uranium exploration portfolio for shareholders and a spin-off would not surprise. Given the uranium-friendly NT addresses of the portfolio, it's fairly certain.
But Durack's main reason for the roadshow is to bring the market up to date on progress of the group's scoping study into the development of Deflector. The market expects the study to be released in a week or two.
Durack, a metallurgist and former Normandy executive, has been the main man in the past 14 months in turning around the prospects for Deflector.
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