Sydney, Australia (ABN Newswire) -
Archer Exploration Ltd. (ASX:AXE) Shaw Stockbroking Graphite Conference - Eyre Peninsula graphite project Presentation.
Archer has a large Position in a Premium Graphite Location and the following this summary is a link to the full presentation.
- Archer has assembled a portfolio of tenements covering ~2,100km2 near Cleve-Darke Peak-Kimba on Eyre Peninsula, South Australia
- The Eyre Peninsula is Australia's premier graphite exploration and production region
- Australia is a highly attractive investment location due to its low geopolitical risk, quality infrastructure and skilled local workforce
Multiple Discovered Resources
- Combined JORC 2012 Resources for Campoona Shaft, Central Campoona and Wilclo South of 8.55Mt @ 9.0 Cg% to give 770,800t of contained graphite (5% Cg lower cut-off)
* Campoona Shaft Total: 1.65Mt @ 9.2 Cg%
* Central Campoona Total: 0.52Mt @ 11.2 Cg%
* Wilclo South Total: 6.38Mt @ 8.8 Cg%
High Quality Graphite
- Significant metallurgical tests at Campoona have been completed that demonstrate the ability to deliver high value fine graphite using conventional mechanical cell flotation (plant to be constructed at Sugarloaf)
- The portfolio provides optionality to deliver full spectrum of products to various end users
- Large and jumbo flake recovered from Wilclo South and Francis with petrology identifying further large flake potential at Cut-Snake, Balumbah and Argent
Exploration & Expansion Upside
- Less than 2% of the ~2,100km2 tenement package has been explored
- Drilling covers Reverse Circulation (RC) and Diamond Drilling
- High quality airborne EM and magnetic coverage across key areas
- Own land at Sugarloaf and have binding HoA covering land purchase at Campoona Shaft
Close to Existing Infrastructure Network
- Located close to existing and proposed infrastructure
- Power and major road infrastructure all located within the perimeter of the tenements with access to various port options
- Substantial saline groundwater aquifer located ~10km north of Sugarloaf has been drilled, tested and is expected to supply the full water needs of an extended project
To View the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-AXE-816944.pdf
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:
Archer Exploration Ltd.
T: +61-8-8272-3288
www.archerexploration.com.au
