Further CSIRO Battery Tests for Archer Exploration Limited's South Australian Graphite

Adelaide, Australia (ABN Newswire) - Newly refined graphite samples from Archer Exploration Ltd.'s (ASX:AXE) Campoona project on South Australia's Eyre Peninsula, are to be sent to the CSIRO for a new round of testing for their suitability to meet the emerging global market for lithium-ion batteries. The new results are expected to be known by October.


Highlights

- Additional "battery suitability" tests to be undertaken by CSIRO on Archer's Campoona graphite from SA's Eyre Peninsula

- Results likely in October

- Follows successful test work in Germany on Campoona samples aiming at use in expanding lithium ion battery market

- Campoona samples also sent to overseas customers for testing

In May this year, Archer announced (ASX 7 May 2015) that testing of the Company's Campoona ultra-pure graphite found it compared very favourably against commercially available high purity synthetic graphite for use in current generation lithium-ion batteries. Synthetic graphite is currently used in some 32% of all lithium-ion batteries and that percentage is forecast to rise in the coming years. CSIRO suggested that further improvements in charge capacity could result if Campoona graphite was more finely and uniformly sized.

A sample of Campoona concentrate was subsequently sent to Netzsch in Germany for micronising and classification and it is this returned sample that is currently being purified before being sent later this month to the CSIRO for additional testing.

Archer Managing Director, Mr Gerard Anderson, said further positive findings by the CSIRO would greatly enhance the Company's ability to attract suitable buyers for its high grade graphite.

Offtake Customers

Archer also announces today that it has despatched samples of Campoona's ultra-pure fine flake graphite to potential overseas partners, for in-house testing. Additional potential offtake customers had also been identified and were being contacted, as a result of Archer appointing agents to secure suitable offtake customers able to underpin Campoona's development.


Eyre Peninsula Graphite Mine and Processing Facility

Physical surveying of the Mineral Claim (over the Campoona Shaft graphite deposit) and two Miscellaneous Purpose Licenses - MPL Sugarloaf Processing Facility and MPL Water, has been completed. This survey work by Archer is required under mine development regulations.

Mr Anderson said feedback from the SA Government was being received on the Company's draft Mining Lease Proposal for Campoona. Archer expects the final form Mining Lease Application to be lodged early in September.


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

Archer Exploration Ltd.
T: +61-8-8272-3288
F: +61-8-8272-3888
E: info@archerexploration.com.au
www.archerexploration.com.au