Archer Exploration Limited: Company Update - Graphite and Magnesite

31.01.2016  |  ABN Newswire

Adelaide, Australia (ABN Newswire) - Archer Exploration Ltd. (ASX:AXE) Company Update - Graphite and Magnesite.


Graphite Projects

Battery grade graphite

- Campoona Mining Lease proposal - staged start up

- Further graphite testing with CSIRO - and potential for spheridisation

Sugarloaf agriculture carbon

- soil amelioration and soil remediation prospect

- progress with Adelaide University research

Flake graphite

- Waddikee flake - longer term prospect for 'mass market' graphite production

Magnesite Project

- world's largest cryptocrystalline magnesite deposit

- Alinta's closure of Leigh Creek Coalfield creating opportunities

- access to third party infrastructure providing pathway to imminent production

To view the update presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-AXE-903945.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.
Mr Greg English Chairman
Tel: (08) 8272 3288

Mr Gerard Anderson, Managing Director
Tel: (08) 8272 3288