Archer Exploration Limited: Imminent Project Developments - AusIMM Presentation
21.04.2016 | ABN Newswire
Adelaide, Australia - Archer Exploration Ltd. (ASX:AXE) Imminent Project Developments - AusIMM Presentation April 2016.Archer's imminent development Projects
Eyre Peninsula Graphite Project
- Campoona Shaft Mining Lease Proposal
- 1,000tpa rising to 10,500tpa of high purity graphite concentrate over a 16-year LOM
- High purity graphite gives >99.9% graphene
Leigh Creek Magnesite Project
- 100% interest in the World's largest cryptocrystalline magnesite deposit with a JORC 1999 Resource 453 Mt grading 41.4% MgO
- Magnesite (MgCO3) + heat = MgO (Magnesia) + CO2
- Non binding MOU signed for the long-term supply and mining of magnesite at Leigh Creek
- Discussions with third parties to utilise their spare kiln capacity to toll treat Archer's magnesite
- Agreement with a third party would lead to a production trial around September 2016, to make dead burn magnesia (DBM) and caustic calcined magnesia (CCM)
- A successful trial likely to lead to longer-term toll treating agreement
Campoona Shaft Graphite and Leigh Creek Magnesite are not resource constrained and offer very long life production options
To view the presentation, please visit:
http://abnnewswire.net/lnk/5053X7FG
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: +61-8-8272-3288
Mr Gerard Anderson, Managing Director
Tel: +61-8-8272-3288