TIVAN LIMITED — Major Shareholding Notification 2006

May 14, 2006

CHANGE IN SUBSTANTIAL SHAREHOLDING

15 May 2006

At a General Meeting of Shareholders on 5 May 2006, resolutions were passed enabling Tennant Creek Gold Limited to take up its entitlement and participate in the shortfall of the Batavia Mining Limited 2006 Early Option Exercise. Tennant Creek Gold Limited has a significant holding in Batavia. The details of this offer and the reasons for the Company seeking approval for the participation in the Batavia Mining Limited 2007 Early Option Exercise were set out in the Notice of Meeting sent to shareholders on 3 April 2006.

As a result of the Company's participation in the Batavia Mining Limited 2007 Early Option Exercise, Tennant Creek Gold Limited and its subsidiaries holdings in Batavia Mining Limited now represent 13.3% of the total issued capital of Batavia Mining Limited. Form 604 - Change in Substantial Shareholding is attached.

Yours faithfully Tennant Creek Gold Ltd

Damian Delaney CFO and Company Secretary

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Batavia Mining Limited
ACN/ARSN	009 075 861
1. Details of substantial holder(1)
Name	Tennant Creek Gold Limited
ACN/ARSN (if applicable)	000 817 023
There was a change in the interests of the substantial holder on		8 May 2006
The previous notice was given to the company on		26 Nov 2005
The previous notice was dated		25 Nov 2005

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinarv	57,504,798	16.70%	74,366,157	13.30%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was fast required to give a substantial holding notice to the company or scheme are as follows:

Date of Change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change $(7)$	Class and number of securities affected	Person's votes affected
08/05/06	Tennant Creek Gold Limited	2007 Option issue		Ord
		entitlement	\$726,817.95	14,536,359	14,536,359
08/05/06	Enigma Mining Limited	2007 Option issue		Ord
		entitlement	\$116,250	2,325,000	2,325,000

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of Relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Tennant Creek Gold	Tennant Creek	Tennant Creek-	Direct	Ordinary
Limited	Gold Limited	Gold Limited		66,416,157	66,416,157
Enigma Mining Limited	Enigma Mining	Enigma Mining	Direct	Ordinary
	imited	Limited		7.950.000	7.950.000

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Tennant Creek Gold Limited	Level 3, 30 Richardson Street, West Perth WA 6005
Eniama Minina Limited	Level 3, 30 Richardson Street, West Perth WA 6005

Signature

print name	Damian Delaney	Capacity: Company Secretary
	Home Law 1	Date 8 May 2006
sign here

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• The person's votes divided by the votes in the body corporate or scheme multiplied by 100. $(5)$
• Include details of: $(6)$
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any $(a)$ document setting out the ferms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• $(b)$ any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• If the substantial holder is unable to determine the identity of the person (eq. if the refevant interest arises because of an option) write "unknown". $(8)$
• $(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial notice.