Archer Exploration Limited (ASX:AXE) Imminent Project Developments - AusIMM Presentation

Adelaide, April 21, 2016 AEST (ABN Newswire) - Archer Exploration Limited (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

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