Archer Exploration Limited: Australia's Largest Graphite Resource - Presentation
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Track Record Timeline:
2008 - Began precious metal exploration at Sugarloaf tenement
2009 - Land opportunities identified - manganese prospects
2010 - Leigh Creek magnesite acquired - manganese drilling - graphite intersections at Sugarloaf
2011 - Drilling commenced on Campoona graphite deposits
2012 - Sold West Roxby Area IOCGU project to BHP for $8m - Maiden JORC graphite resource at Campoona
2013 - Acquired Sugarloaf property - Campoona drilling - graphene research development with Adelaide University
2014 - Purchased Waddikee graphite project | Undertaking Strategic Review of Leigh Creek Magnesite project
Campoona: high grade, fine flake graphite
- High quality fine flake graphite concentrates on both Campoona Shaft and Central Campoona
- Bulk flotation tests provided concentrates grading 92 - 98% Cg
- acid cleaning upgrades concentrates >98% Cg - 99.7% Cg
- Excellent recoveries for all geologic horizons
- Robust results provide confidence for Archer to enter the higher value end of the graphite market
- Campoona Shaft is on freehold pastoral land and has a binding agreement over sufficient land at Campoona Shaft for mining to proceed
Graphite demand
Macro environment: a growing market with a bright future
- Chinese supply (~70% of market) is declining due to mine closures, increasing costs and environmental challenges
- Emerging production capacity especially in Africa & Australia
- Graphite identified as a critical industrial mineral by USA & UK
- Target markets include:
Batteries - dry cell, alkaline and lithium-ion
Recarburisation of steel
Brake pads
Carbon brushes
Lubricants and greases
Archer Exploration market engagement
- High purity graphite concentrates to be provided to specific market segments for assessment
- Market interest from Asia and North America
- Seeking to negotiate pre-sale and offtake agreements with prospective buyers
- Research agreement entered with Adelaide University to focus on new product opportunities for Archer graphite and graphene products
The Eyre Peninsula Project
Significant graphite tenements
- Substantial tenement position (˜2,100km2) in graphite province
- recently extended with the purchase of the Waddikee tenement
- Key projects include Campoona Shaft, Central Campoona, and Wilclo South
- There are an additional 10 graphite prospects with large exploration upside
- current contained resource likely to grow appreciably with further drilling
- high quality EM has identified numerous distinct linear conductors
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-AXE-810740.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