Adelaide, Australia (ABN Newswire) -
Archer Exploration Ltd. (ASX:AXE) made substantial progress in the evaluation of the 100% owned Campoona graphite deposit during 2014. Exploration and development activities included exploration drilling, estimation of a JORC 2012 Resource, further metallurgical bench scale test work and a detailed market assessment for the graphite products.
Resource drilling was completed at the Central Campoona graphite deposit with RC drilling on a 50m x 20m grid spacing supported by a single diamond drill hole. Geo-technical drilling at Campoona Shaft, situated 2kms North East of Central Campoona, was completed as a part of advancing mine planning. The purchase of the Waddikee tenement from Monax Mining Limited significantly increased the resource base of the Eyre Peninsula Graphite Project.
To view the annual report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-AXE-818817.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
