Annual Report to Shareholders
Adelaide, Sep 19, 2014 AEST (ABN Newswire) - Archer Exploration Limited (
ASX:AXE) made substantial progress in the evaluation of the 100% owned Campoona graphite deposit during 2014. Exploration and development activities included exploration drilling, estimation of a JORC 2012 Resource, further metallurgical bench scale test work and a detailed market assessment for the graphite products.
Resource drilling was completed at the Central Campoona graphite deposit with RC drilling on a 50m x 20m grid spacing supported by a single diamond drill hole. Geo-technical drilling at Campoona Shaft, situated 2kms North East of Central Campoona, was completed as a part of advancing mine planning. The purchase of the Waddikee tenement from Monax Mining Limited significantly increased the resource base of the Eyre Peninsula Graphite Project.
To view the annual report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-AXE-818817.pdf
Contact
Archer Exploration Limited
T: +61-8-8272-3288
WWW: www.archerexploration.com.au
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