Quarterly Activities Report March 2016
Adelaide, May 2, 2016 AEST (ABN Newswire) - Archer Exploration Limited (
ASX:AXE) are pleased to provide the Company's Quarterly Activities Report for March 2016.
MARCH 2016 QUARTER HIGHLIGHTS
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- Campoona Mining Lease Proposal amended to include small-scale start-up operation to allow for product accreditation phase and the incorporation of the production of graphene
- MLP available for lodging May 2016
- Archer agreed to the Terms and Conditions for the grant of an Exploration Licence covering ELA 2015/00215 Cockabidnie which covers extensions to Central Campoona graphite deposit and Sugarloaf carbon deposit.
- LIB battery test program completed awaiting reporting
Graphene
- 240 grams of >99.9% graphene prepared to supply samples to prospective customers. The pure graphene has outstanding electrical properties making the graphene ideal for use in high-tech applications including supercapacitors.
- Archer is in discussions aimed at commencing near-term scaled graphene production
Leigh Creek Magnesite
- Discussions continued with third parties regarding access to infrastructure required for the development of the Leigh Creek Magnesite project.
- A JORC 2012 Mineral Resource was announced for the Mount Hutton Central Project Area in April.
Corporate
- Experienced magnesia professional Paul Rix appointed to the Archer Board as a non-Executive Director.
- Resignation of Managing Director.
Financial
- Archer successful in its application for participation in the Federal Government's Exploration and Development Incentive Scheme.
- Cash in bank on 31st March 2016 of $0.531 million.
To view the complete report, please visit:
http://abnnewswire.net/lnk/308868MT
Contact
Mr Greg English
Chairman
Archer Exploration Limited
Tel: +61-8-8272-3288
Mr Gerard Anderson
Managing Director
Archer Exploration Limited
Tel: +61-8-8272-3288
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