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Archer Materials Ltd.
Archer Materials Ltd.
Registriert in: Australien WKN: A0MWX3 Rohstoffe:
Art: Originalaktie ISIN: AU000000AXE7 Gold
Kupfer
Nickel
Aluminium
Kobalt
Wolfram
Sonstiges
Mangan
Graphit
Heimatbörse: Sydney/Melbourne Alternativ:
Währung: AUD    
Symbol: AXE.AX Forum:

Archer Exploration Limited: Quarterly Activities Report March 2016

02.05.2016 | 2:56 Uhr | ABN Newswire
Adelaide, Australia - Archer Exploration Ltd. (ASX:AXE) are pleased to provide the Company's Quarterly Activities Report for March 2016.


MARCH 2016 QUARTER HIGHLIGHTS

Graphite


- Campoona Mining Lease Proposal amended to include small-scale start-up operation to allow for product accreditation phase and the incorporation of the production of graphene

- MLP available for lodging May 2016

- Archer agreed to the Terms and Conditions for the grant of an Exploration Licence covering ELA 2015/00215 Cockabidnie which covers extensions to Central Campoona graphite deposit and Sugarloaf carbon deposit.

- LIB battery test program completed awaiting reporting


Graphene

- 240 grams of >99.9% graphene prepared to supply samples to prospective customers. The pure graphene has outstanding electrical properties making the graphene ideal for use in high-tech applications including supercapacitors.

- Archer is in discussions aimed at commencing near-term scaled graphene production


Leigh Creek Magnesite

- Discussions continued with third parties regarding access to infrastructure required for the development of the Leigh Creek Magnesite project.

- A JORC 2012 Mineral Resource was announced for the Mount Hutton Central Project Area in April.

Corporate

- Experienced magnesia professional Paul Rix appointed to the Archer Board as a non-Executive Director.

- Resignation of Managing Director.


Financial

- Archer successful in its application for participation in the Federal Government's Exploration and Development Incentive Scheme.

- Cash in bank on 31st March 2016 of $0.531 million.

To view the complete report, please visit:
http://abnnewswire.net/lnk/308868MT


About Archer Exploration Limited:

Archer Exploration Ltd. (ASX:AXE) is an Australian Stock Exchange listed company with 100% ownership of 15 tenements and one Exploration Licence Application all in South Australia covering 6,053 km2.

Archer also has the rights to all minerals other than uranium on EL4693 covering a further 816 km2. Archer's main project is the Campoona Graphite Project which is located within reach of established and major developing infrastructure. It has a JORC 2004 Resource of 5.27 million tonnes @ 7.6 % TC (based on 2% TC cut-off).



Contact:

Mr Greg English, Chairman
Archer Exploration Ltd.
Tel: +61-8-8272-3288

Mr Gerard Anderson, Managing Director
Archer Exploration Ltd.
Tel: +61-8-8272-3288
 
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