Proactiveinvestors Australia Archer Exploration Limited https://www.proactiveinvestors.com.au Proactiveinvestors Australia Archer Exploration Limited RSS feed en Tue, 23 Apr 2019 18:14:56 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Archer Exploration review suggests potential for copper-gold system at Blue Hills ]]> https://www.proactiveinvestors.com.au/companies/news/218906/archer-exploration-review-suggests-potential-for-copper-gold-system-at-blue-hills-218906.html Archer Exploration Ltd (ASX:AXE) conducted an independent review of the February 2019 drilling program at its Blue-Hills Copper-Gold Project in South Australia.

While drilling did not intersect an economic system, it identified copper, gold, molybdenum as well as pathfinder elements such as bismuth, tellurium and arsenic.

Modelling of the results from the drilling program supports the presence of an intrusive style mineralising event that has the capacity to host copper-gold mineralisation.

Blue Hills regional geologic setting closely resemble areas hosting significant deposits such as Nifty copper deposit, the Telfer copper-gold deposit, and the Winu copper-gold deposit.

Focus moves to identifying new exploration targets

The independent review of Archer’s recent drilling at Blue-Hills confirms that Archer’s exploration model is valid.

Archer has applied for an additional exploration licence in the Blue Hills area and intends to collate all available information from the new tenement area for incorporation into the Blue Hills model to identify future exploration targets.

READ: Archer Exploration advances dual quantum computing and graphite technologies

Archer’s 100% owned Blue Hills Copper-Gold Project is part of the larger North Burra project area which covers an area of more than 3,000 square kilometres.

Three large gold and copper in soils anomalies have been discovered at Blue Hills - Hood, Hawkeye and Katniss.

Regional exploration programs have also identified multiple other targets which are yet to be tested.

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Tue, 23 Apr 2019 09:13:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218906/archer-exploration-review-suggests-potential-for-copper-gold-system-at-blue-hills-218906.html
<![CDATA[News - Archer Exploration advances dual quantum computing and graphite technologies ]]> https://www.proactiveinvestors.com.au/companies/news/218530/archer-exploration-advances-dual-quantum-computing-and-graphite-technologies-218530.html Archer Exploration Limited (ASX:AXE) (FRA:38A) specialises in advanced materials and battery metals resources exploration and development.

The company is run by Dr Mohammad Choucair, a nanotechnology specialist and inventor who has more than 12 years experience in commercialisation and research and whose achievements include inventing the first material known to overcome a quantum technology limitation by allowing quantum information (quibits) to be processed at room temperatures.

Archer is now developing the licensed University of Sydney (USyd) technology which can hold quantum information and allow it to process the quibits. 

What does Archer Exploration own?

The key advanced materials asset is Choucair’s invention, which is exclusively-licensed from USyd for developing and commercialising the technology for room-temperature quantum computing uses.

Choucair had invented a carbon cube for quibit processing during his time at the university.

With his innovation, Choucair had invented the first material known to overcome both the limitations of sub-zero operating temperatures and electronic device integration for quibits.

Archer took a step forward with its commercialisation plans earlier this month after starting a maiden quantum technology project dubbed 12CQ to build a carbon-based quantum computing chip.

The company has begun building chip prototypes at USyd's Research & Prototype Foundry Core Research Facility at Sydney Nanoscience Hub where Archer’s quantum technology manager Dr Martin Fuechsle is now an honorary associate.

Archer and its partners plan to test and develop the device chip to process information at room temperature and hopefully use the chip as the basis for a universal quantum computer.

Critical componentry of the advanced chip invention is housed in Archer’s wholly-owned subsidiary Carbon Allotropes which the parent company took over in December 2017.

Choucair founded the resource exploration company’s advanced materials subsidiary and became Archer CEO at the time of the takeover.

If Archer successfully develops the device chip it can become a first mover and crack the lucrative $US500 billion semiconductor market and the emerging quantum computing market set to reach $US29 billion by 2021.

Room-temperature data processing is tipped to be the catalyst for making quantum computing mainstream and facilitating its widespread adoption by consumers.

Archer hopes to license out and directly sell to a variety of markets, including Australia, Europe, the USA, Japan, Korea and China, where patents have been filed.

The company also holds a graphite-focused resources industry portfolio, with its cornerstone asset being the Campoona Graphite Project on the Eyre Peninsula in South Australia.

Archer and the University of New South Wales embarked on a research collaboration and demonstrated that Campoona graphite can be used in commercially-scalable lithium-ion batteries.

Lithium-ion batteries from Campoona graphite have full-cell configuration.

The company has a reliable energy MOU with Urbix Resources, LLC for graphite toll processing, an MOU Archer has previously said it expects could bring more than $14 million of capital cost benefits to the project over its lifetime.

Another reliable energy collaboration, FlexeGRAPH, could provide an opportunity to convert graphite from the project into high-value graphene material, as the collaborators seek to thermally manage electric vehicle batteries.

A biosensors human health collaboration with the ARC Research Hub for Graphene Enabled Industry Transformation at the University of Adelaide could help Archer reach an ageing global population whose health bills are set to reach US$27 billion by 2022.

The Australian research centre developed graphene-based conductive inks derived from Campoona graphite for printing electronic circuits on transparent and flexible substrates which act as basic bio-electrochemical-sensing device componentry.

Archer viewed its Campoona graphite as process agnostic for graphene production after the material was used for the biosensing technologies printing.

In February 2019 the company announced a $1.35 million contract to sell off its Sugarloaf farmland in South Australia had become unconditional after the buyer had obtained finance.

Archer’s Sugarloaf contract is to take effect on July 1, 2019, and this will put proceeds from the divestment of its non-core assets at $3.35 million this financial year.

The company hopes to use the proceeds from these sales to advance the quantum technology side of its business.

Archer’s exploration projects encompass critical minerals and have included graphite, cobalt, manganese, copper and magnesite projects.

First assays from drilling at the Hood prospect at the Blue Hills Copper-Gold Project in South Australia in March 2019 showed 24 metres grading 0.1% copper in the first drill hole.

The second hole 51 metres away intersected 46 metres grading 0.05% copper from 40 metres in similar geology to the first hole.

Archer’s assays had supported its geological model and suggested a large intrusive-related copper-gold mineralising event.

The company then completed the drilling program after drilling Hawkeye and Katniss targets, then received positive results this month that Hawkeye and Katniss were even more gold-rich than Hood prospect and may be from a separate intrusion.

Archer directed $508,000 towards its operating activities in the December quarter of 2018 and collected $9,000 from share issues in the quarter to end December with $1.6 million cash.

Archer tipped $700,000 of cash outflows for the March quarter of 2019, with the company’s latest quarterly reporting expected by the end of April 2019.

Inflection points

Continued success in collaboration and commercialisation efforts

Success of carbon-based quantum computing chip project for room-temperature quantum information processing

Suitability of the chip for a future universal quantum computer

Campoona graphite exploration and development milestones, including feasibility study funding and successes

Wider development of the quantum computing sector and the viability of competing efforts to solve quibit-processing temperature problems

CEO Dr Mohammad Choucair highlights business' materials focus

“Materials are at the heart of what we do and the materials we’re using form the basis of the technology,” Archer chief executive officer Dr Mohammad Choucair told Proactive Investors last week.

“They are the tangible realisation of the technology and so it’s just a natural course of our activity to be developing and integrating these materials in the quantum tech space.”

 

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Mon, 15 Apr 2019 22:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218530/archer-exploration-advances-dual-quantum-computing-and-graphite-technologies-218530.html
<![CDATA[News - Archer Exploration prints human antibodies on graphene biosensors ]]> https://www.proactiveinvestors.com.au/companies/news/218546/archer-exploration-prints-human-antibodies-on-graphene-biosensors-218546.html Archer Exploration Ltd (ASX:AXE) has successfully printed and patterned ink formulations of human antibodies on graphene-based biosensor components derived from the company’s Campoona graphite.

Ink formulations comprised primarily of human antibody immunoglobulin G (IgG) as the active constituent were successfully prepared and printed using proprietary methods.

The IgG inks were printed on resin-coated paper and a number of graphene-based electrodes and were able to withstand the chemical and physical processes in the formulation, printing, and post-printing steps.

Background

Biological sensor devices are used in the detection and diagnosis of disease. The uniqueness of a biosensor is that its critical components are integrated into one sensor.

One of the biggest challenges to printable biosensors involves the scalable fabrication of integrated componentry capable of multiplexing – detecting a number of different diseases simultaneously using the same specimen.

The development of printable biosensors is envisioned to impact industries servicing human health, including point of care diagnostics and medical devices.

 

Archer CEO Dr Mohammad Choucair said: “We were able to formulate inks incorporating process compatible biomaterials provided by our German Biotech partners, and the team at the ARC Graphene Hub were able to print them on a number of our biosensor components.

“This concerted effort addressed a key technical barrier to realising a globally competitive biosensor, that of digitising the manufacturing of critical biosensor componentry that could allow for multiplexing.

“It has provided strong support for a number of claims in our provisional patent, which legally protects this competitive advantage and provides a means for commercial exploitation of the IP.”

Intellectual property and provisional patent publication

Archer’s provisional patent on the biosensor technology IP has been published in the Australian Official Journal of Patents.

The company is the sole applicant of the provisional patent, maintaining 100% ownership of the biosensor technology IP. Archer has until 15 February 2020 to consider maturing the application to a full patent.

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Mon, 15 Apr 2019 15:32:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218546/archer-exploration-prints-human-antibodies-on-graphene-biosensors-218546.html
<![CDATA[Media files - Archer Exploration begins quantum chip project linked to growing semiconductor market ]]> https://www.proactiveinvestors.com.au/companies/stocktube/12901/archer-exploration-begins-quantum-chip-project-linked-to-growing-semiconductor-market-12901.html Sun, 07 Apr 2019 20:26:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/12901/archer-exploration-begins-quantum-chip-project-linked-to-growing-semiconductor-market-12901.html <![CDATA[News - Archer Exploration shares rise after commencing maiden quantum technology project ]]> https://www.proactiveinvestors.com.au/companies/news/217814/archer-exploration-shares-rise-after-commencing-maiden-quantum-technology-project-217814.html Archer Exploration Ltd (ASX:AXE) has commenced its maiden quantum technology project dubbed 12CQ to build a carbon-based quantum computing chip.

The chip forms the basis of intellectual property (IP) exclusively licensed to Archer from the University of Sydney.

READ: Archer obtains exclusive agreement for quantum computing technology, shares surge

Archer has begun building chip prototypes at the Research & Prototype Foundry Core Research Facility at the Sydney Nanoscience Hub having executed a facilities access agreement with the University of Sydney.

This coincides with the University’s appointment of Archer’s Quantum Technology manager Dr Martin Fuechsle as honorary associate.

Dr Martin Fuechsle operating the electron beam lithography instrumentation inside the cleanroom at the Sydney Nanoscience Hub. The working environment is highly controlled, and access is restricted, requiring specialised control over air quality, temperature, humidity, and lighting (orange) to counter any detrimental effects during chip building and testing.

Archer chief executive officer Dr Mohammad Choucair said: “We have started building the chip.

“12CQ has a simple value proposition, that of realising practical quantum computing.

“Key components of our commercialisation plan are now in place and we are in a unique position to strengthen quantum computing in Australia.

READ: Archer Exploration pursues quantum computing and resources projects

“Access to the Research & Prototype Foundry at the Sydney Nanoscience Hub provides us with the specialised world-class infrastructure, facilities, equipment, and personnel we need to successfully build this potentially breakthrough quantum computing technology.”

Background

Quantum computers represent the next generation of powerful computing.

They consist of a core device (chip) made from materials capable of processing quantum information (qubits) necessary to solve complex calculations.

During his previous employment at the University, Dr Mohammad Choucair invented the first material known to overcome both the limitations of sub-zero operating temperatures and electronic device integration for qubits.



An entryway to the $150 million Sydney Nanoscience Hub, supported by the National Research Infrastructure for Australia as part of an Australian Government Initiative.

The conducting carbon material was able to process qubits at room temperature.

This has the potential to reduce the commercial barriers to quantum computing and make it globally accessible.

Market potential

Successful development of the technology would represent a major global breakthrough in the quantum computing industry, estimated to reach $US29 billion by 2021.

Next steps

The technical development defining 12CQ is a world-first, and Archer will begin building prototype devices by assembling atom-scale materials componentry while overcoming technical challenges in controlling, reducing, or eliminating the technical risks associated with realising the 16 claims in the patent application.

Dr Fuechsle is currently completing mandatory facility induction and instrument certifications at the Research & Prototype Foundry required for performing materials and device testing and characterisation.

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Wed, 03 Apr 2019 13:11:00 +1100 https://www.proactiveinvestors.com.au/companies/news/217814/archer-exploration-shares-rise-after-commencing-maiden-quantum-technology-project-217814.html
<![CDATA[News - Archer Exploration produces spherical graphite suitable for lithium battery from Campoona deposit ]]> https://www.proactiveinvestors.com.au/companies/news/216237/archer-exploration-produces-spherical-graphite-suitable-for-lithium-battery-from-campoona-deposit-216237.html Archer Exploration Ltd (ASX:AXE) has successfully demonstrated the processing of graphite material from its wholly owned Campoona deposit in South Australia into a spherical graphite product.

The production of high-value commodities for high-volume use downstream in the lithium-ion battery market directly aligns to Archer’s strategic focus in commercially exploiting a potential source of long-term revenue through vertical integration of the critical mineral value-chain.

 

Archer chief executive officer Dr Mohammad Choucair said: “This was a critical milestone that was achieved, and by doing so, we have overcome a high barrier to entry to the lithium ion battery market.

“We still have the question of yield, which determines product viability, however this is a matter of scale and process optimisation.

“Intrinsically, our material is of excellent quality, and suitable for processing into high-value anode materials.

READ: Archer Exploration receives positive results at Blue Hills Copper-Gold project

“It is interesting that we were able to convert the 95% float product into a high-quality spherical graphite.

“This may allow us to segment the purification and material production processes into more efficient stages of development directly relevant to end-users and capitalise on opportunities to capture value-add abroad in the supply chain.

“This is an example of the pragmatic approach we are taking to developing Campoona.”

Next steps

Archer will continue to target partnerships with lithium-ion battery manufacturers to scale and integrate Campoona graphite further downstream in the supply chain.

This will involve testing the spherical graphite materials produced in full-cell lithium-ion batteries for minimum performance requirements and market accepted benchmarks, and in establishing a basic measure of commercial viability related to the efficient scaling of post-concentrate processes with industry partners for potential off-take agreements.

Opportunity

Spherical graphite materials represent a high-value (US$3,400 to US$4,400 per tonne) materials entry point for high-volume anode componentry used specifically in the global lithium-ion battery market.

The global lithium-ion battery market is forecast to increase to US$130 billion by 2028 with growth concentrated in the Asia Pacific region.

Lithium-ion batteries consist of a group of batteries which operate with graphite in the anode.

Improvements in the anode are based on using graphite with high structural quality and purity, and an appropriate particle size and optimal morphology for effective lithium-ion intercalation chemistry.

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Tue, 12 Mar 2019 12:18:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216237/archer-exploration-produces-spherical-graphite-suitable-for-lithium-battery-from-campoona-deposit-216237.html
<![CDATA[Media files - Archer Exploration makes significant step 'to realise long term revenue from Campoona deposit' ]]> https://www.proactiveinvestors.com.au/companies/stocktube/12552/archer-exploration-makes-significant-step--to-realise-long-term-revenue-from-campoona-deposit--12552.html Tue, 12 Mar 2019 09:18:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/12552/archer-exploration-makes-significant-step--to-realise-long-term-revenue-from-campoona-deposit--12552.html <![CDATA[News - Archer Exploration receives positive results at Blue Hills Copper-Gold project ]]> https://www.proactiveinvestors.com.au/companies/news/215667/archer-exploration-receives-positive-results-at-blue-hills-copper-gold-project-215667.html Archer Exploration Limited (ASX:AXE) has received positive final drilling results from Katniss and Hawkeye prospects within its wider Blue Hills Copper-Gold project in South Australia.

In addition to identifying copper, gold and molybdenum mineralisation, assay results also indicate the presence of pathfinder minerals such as bismuth, tellurium and arsenic.

Whilst relatively low in concentration, the presence of these pathfinder minerals with the gold mineralisation supports Archers intrusive style mineralisation geological model.

Archer executive chairman Greg English said: “Our maiden drill program at Blue Hills has been a success with drill holes at Hood, Hawkeye and Katniss supporting our view that the mineralisation at Blue Hills is associated with a large intrusive body at depth.

“The presence of pathfinder minerals is exciting and gives us more confidence that we are on the right track at Blue Hills.”

Results from Hawkeye and Katniss indicate there is possibly some fractionation across the district over an area of around 8 kilometres implying a different intrusive source to the mineralisation at Hood.

 

Magnetic image showing the location of modelled intrusions with soil anomalies

 

This widespread fractionation is most likely the reason for Katniss and Hawkeye assay results showing higher gold values than at Hood including 4 metres at 0.16 g/t from 8 metres intersected at Hawkeye.

READ: Archer Exploration intersects 0.10% copper from final drilling at Blue Hills Copper-Gold Project

Several intrusions have been modelled in the area and will be the target of future exploration programs given the success of the recent drill program.

The results have given Archer the confidence to continue exploration at the project and all information from the program has been collated and will be integrated with the geophysical and geochemical data.

Results will be released in the coming weeks. 

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Sun, 03 Mar 2019 21:22:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215667/archer-exploration-receives-positive-results-at-blue-hills-copper-gold-project-215667.html
<![CDATA[Media files - Archer Exploration progressing technical & commercial development of IP in tandem ]]> https://www.proactiveinvestors.com.au/companies/stocktube/12352/archer-exploration-progressing-technical--commercial-development-of-ip-in-tandem-12352.html Tue, 26 Feb 2019 10:42:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/12352/archer-exploration-progressing-technical--commercial-development-of-ip-in-tandem-12352.html <![CDATA[News - Archer Exploration executive chairman buys more shares ]]> https://www.proactiveinvestors.com.au/companies/news/215178/archer-exploration-executive-chairman-buys-more-shares-215178.html Archer Exploration Ltd (ASX:AXE) executive chairman Gregory David English has purchased 50,000 shares at 7.7 cents each through on-market trades.

The purchase has increased his total indirect shareholding to 9,369,733 shares.

READ: Archer Exploration intersects 0.10% copper from final drilling at Blue Hills Copper-Gold Project

Last week, the company intersected strong copper-gold mineralisation, recording 0.10% copper from the final drilling program at its Blue Hills Copper-Gold Project in South Australia.

The latest results from reverse circulation (RC) holes at the Hood prospect strengthen the company’s theory that the mineralisation is associated with an intrusive body at depth.

READ: Archer Exploration registers provisional patent for biosensor ink

Archer recently registered a provisional patent in Australia relating to graphene ink compositions, methods of synthesising the inks and the use of the inks for biomolecular sensing.

The registration of the patent is part of Archer’s strategy to commercially develop materials and technology in the key vertical of human health.

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Mon, 25 Feb 2019 16:24:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215178/archer-exploration-executive-chairman-buys-more-shares-215178.html
<![CDATA[News - Archer Exploration intersects 0.10% copper from final drilling at Blue Hills Copper-Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/215093/archer-exploration-intersects-010-copper-from-final-drilling-at-blue-hills-copper-gold-project-215093.html Archer Exploration Limited (ASX:AXE) has intersected strong copper-gold mineralisation, recording 0.10% copper from the final drilling program at its Blue Hills Copper-Gold Project in South Australia.

The latest results from reverse circulation (RC) holes at the Hood prospect strengthen the company’s theory that the mineralisation is associated with an intrusive body at depth.

 

 

“Right commodities at the right time”

Archer executive chairman Greg English said: “The latest results from the RC drilling at Hood are consistent with the results from the earlier holes and give us confidence that Hood may be part of a larger mineralised system.

“With both copper and gold prices steadily increasing and approaching near term highs we are definitely in the right commodities at the right time.”

READ: Archer Exploration pursues quantum computing and resources projects

Assay results have been received for three holes including HDRC19-03, HDRC19-04 and YGRC19-01:

Drill hole HDRC19-03

A highly altered sequence of Tapley Hill Formation was intersected from the surface to 48 metres downhole, alteration observed included silication which has led to bleaching of the rocks.

Assay results from 0 to 26 metres downhole confirm the presence of copper mineralisation with associated elevated molybdenum mineralisation.

Drill hole HDRC19-04

The hole is slightly offset from the Hood prospect and was drilled in the vicinity of the RC holes adjacent to historic copper workings.

Assay results show copper mineralisation from 1 to 11 metres down-hole, with a combination of single and composite samples reporting 0.10% copper.

Elevated molybdenum was also present with the copper mineralisation.

Drill hole YGRC19-01

This hole was drilled to test a copper in soil anomaly and a coincident electromagnetic signature as well as to test if alteration associated with the modelled intrusion could be observed.

A sequence of Tapley Hill Formation was intersected from the top of the hole to the end of the hole with the intrusion thought to locate at depth.

The results support the company’s conceptual exploration model that the copper and gold is associated with an intrusive mineralising event.

Archer is now waiting for results from its Hawkeye and Katniss prospects expected at the end of the month.

- Jessica Cummins

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Thu, 21 Feb 2019 21:09:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215093/archer-exploration-intersects-010-copper-from-final-drilling-at-blue-hills-copper-gold-project-215093.html
<![CDATA[News - Archer Exploration registers provisional patent for biosensor ink ]]> https://www.proactiveinvestors.com.au/companies/news/214830/archer-exploration-registers-provisional-patent-for-biosensor-ink-214830.html Archer Exploration Ltd (ASX:AXE) has registered a provisional patent with the Australian Patent Office, comprising intellectual property (IP) relating to graphene ink compositions, methods of synthesising the inks and the use of the inks for biomolecular sensing.

The registration of the patent is part of Archer’s strategy to commercially develop materials and technology in the key vertical of human health.

Background

Archer is engaged in a collaboration agreement with The University of Adelaide as part of the Australian Research Council Research Hub for Graphene Enabled Industry Transformation (ARC Graphene Hub).

The collaboration seeks to target high value, high growth markets servicing human health applications by developing and implementing graphene and carbon-based materials for use in complex biosensing devices.

Archer graphene-based ink derived from the Campoona deposit, printed as an interdigitated electrode pattern on a flexible polyimide film to be used as critical componentry in biosensor devices

The patent embodies Archer’s competitive advantages in ink formulation, printing, and use in targeting various diseases.

READ: Archer Exploration pursues quantum computing and resources projects

Archer chief executive officer Dr Mohammad Choucair said: “We are now capable of generating our own IP for commercial translation.

“The registration of the provisional patent is a vital step in implementing our commercial plans and in legally protecting our competitive advantages during development.

“It gives us up to 12 months to consider our commercial options prior to a full patent application.

“Importantly, we now have a timeline for commercialisation related to our maiden graphene-based biosensor technology in our human health vertical”.

Next steps

A provisional patent provides a 12-month period for Archer to consider filing a full patent application with the benefit of having established the earliest possible priority date.

Over the next 12 months Archer will access dedicated technical development resources and infrastructure support from The University of Adelaide as part of the ARC Graphene Hub collaboration, to perform the value-added claims and embodiment verification in support of a robust patent application.

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Tue, 19 Feb 2019 12:12:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214830/archer-exploration-registers-provisional-patent-for-biosensor-ink-214830.html
<![CDATA[News - Archer Exploration pursues quantum computing and resources projects ]]> https://www.proactiveinvestors.com.au/companies/news/214408/archer-exploration-pursues-quantum-computing-and-resources-projects-214408.html - Archer’s quantum computing solution could be a first mover in solving quibit-processing temperature problems

- The company’s $1.35 million Sugarloaf sales contract will further grow the budget for Archer’s quantum computing efforts

- Asset sales will enable development efforts

- Research and commercialisation successes will help build uses and demand for Archer’s Campoona graphite

What does Archer Exploration do?

Archer Exploration Limited (ASX:AXE) (FRA:38A) specialises in advanced materials and battery metals resources exploration and development. It is run by Dr Mohammad Choucair, a nanotechnology specialist and inventor who has more than 12 years experience in commercialisation and research and whose achievements include inventing the first material known to overcome a known quantum technology limitation by allowing quantum information (quibits) to be processed at room temperatures.

Archer is now developing the licensed University of Sydney (USyd) technology which can hold quantum information and allow it to process the quibits at ordinary room temperatures.

What does Archer Exploration own?

The key advanced materials asset is Choucair’s invention, which is exclusively-licensed from USyd for developing and commercialising the technology for room-temperature quantum computing uses.

Choucair invented a carbon cube for the quibit processing, and Archer and its partners plan to develop a device chip that can process information at room temperature.

Critical componentry of the chip is housed in Archer’s wholly-owned subsidiary Carbon Allotropes which the parent company took over in December 2017.

Choucair founded the resource exploration company’s advanced materials subsidiary and became Archer CEO at the time of the takeover.

If Archer successfully develops the device chip it can become a first mover and crack the lucrative $US500 billion semiconductor market and the emerging quantum computing market set to reach $US29 billion by 2021.

Room temperature data processing is tipped to be the catalyst for making quantum computing mainstream and facilitating its widespread adoption by consumers.

Archer hopes to license out and directly sell to a variety of markets, including Australia, Europe, the USA, Japan, Korea and China, where patents have been filed.

The company also holds a graphite-focused resources industry portfolio, with its cornerstone asset being the Campoona Graphite Project on the Eyre Peninsula in South Australia.

Archer and the University of New South Wales embarked on a research collaboration and demonstrated that Campoona graphite can be used in commercially-scalable lithium-ion batteries.

Lithium-ion batteries from Campoona graphite have full-cell configuration.

The company has a reliable energy MOU with Urbix Resources, LLC for graphite toll processing, an MOU Archer has previously said it expects could bring more than $14 million of capital cost benefits to the project over its lifetime.

Another reliable energy collaboration, FlexeGRAPH, could provide an opportunity to convert graphite from the project into high-value graphene material, as the collaborators seek to thermally manage electric vehicle batteries.

A biosensors human health collaboration with the ARC Research Hub for Graphene Enabled Industry Transformation at the University of Adelaide could help Archer reach an ageing global population whose health bills are set to reach US$27 billion by 2022.

The Australian research centre developed graphene-based conductive inks derived from Campoona graphite for printing electronic circuits on transparent and flexible substrates which act as basic bio-electrochemical-sensing device componentry.

Archer viewed its Campoona graphite as process agnostic for graphene production after the material was used for the biosensing technologies printing.

Last Friday the company announced tAT a $1.35 million contract to sell off its Sugarloaf farmland in South Australia had become unconditional after the buyer had obtained finance.

Archer’s Sugarloaf contract will take effect on July 1 and will put proceeds from the divestment of its non-core assets at $3.35 million this financial year.

The company hopes to use the proceeds from these sales to advance the quantum technology side of its business.

Archer’s exploration projects encompass critical minerals and have included graphite, cobalt, manganese, copper and magnesite projects.

Drilling at the Hood Prospect at the Blue Hills Copper-Gold Project in South Australia was tipped to finish this week, with first assays showing 24 metres grading 0.1% copper in the first drill hole.

The second hole 51 metres away intersected 46 metres grading 0.05% copper from 40 metres in similar geology to the first hole.

These assays support Archer’s geological model and suggest a large intrusive-related copper-gold mineralising event.

Archer directed $508,000 towards its operating activities in the December quarter, using $200,000 for exploration and evaluation and $377,000 for other costs.

The company also collected $9,000 from share issues in the quarter and ended December with $1.6 million cash.

Archer reported in late January it expected $700,000 of cash outflows in the March quarter after budgeting $400,000 for its exploration and evaluation efforts.

Inflection points

- On-time settlement of the Sugarloaf sale contract

- Continued success in collaboration and commercialisation efforts

- Campoona graphite exploration and development milestones, including feasibility study funding and successes

- Wider development of the quantum computing sector and the viability of competing efforts to solve quibit-processing temperature problems

CEO Dr Mohammad Choucair confident of continued progress

“Although we’re across three areas — quantum technologies, reliable energy supplies and human health — our focus is on the advanced materials that underpin these technologies,” Archer chief executive officer Dr Mohammad Choucair told Proactive Investors.

“The (intellectual property) for us it needs to be very materials-centric — a material that either underpins a technology or a technology itself that has materials critical to its function.

“We’re working with materials that we’re trying to integrate and develop into technologies that are applied in some really high-growth markets that are affected by reliable energy, human health and quantum technology.”

 

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Tue, 12 Feb 2019 16:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214408/archer-exploration-pursues-quantum-computing-and-resources-projects-214408.html
<![CDATA[News - Archer Exploration to use non-core asset sale funds for quantum technology work ]]> https://www.proactiveinvestors.com.au/companies/news/214220/archer-exploration-to-use-non-core-asset-sale-funds-for-quantum-technology-work-214220.html Archer Exploration Limited (ASX:AXE) advises that the ‘subject to finance’ condition has been satisfied for the $1.35 million sale of the Sugarloaf farmland in South Australia with the sale agreement now unconditional.

This provides for the settlement to occur on July 1, 2019, which brings Archer’s total proceeds from the sale of non-core assets during the 2019 financial year to $3.35 million.

The company said these funds were enabling it to push ahead with its quantum technology focus, which forms part of its advanced materials strategy.

READ: Archer Exploration signs $1.35 million deal to sell Sugarloaf farmland

In November 2018 Archer advised that it had sold the Sugarloaf farmland near Cleve on South Australia’s Eyre Peninsula.

One of the conditions of the sale was that the buyer obtain finance by February 1, 2019, and this has been satisfied.

This farmland is within Archer’s exploration tenement EL 5920 and hosts the Sugarloaf carbon deposit as well as the proposed site of the Sugarloaf Graphite Processing Facility.

It is proposed that this facility will process the graphite from the nearby Campoona mining lease.

Processing facility option

The sale agreement provides for Archer to sell the entire Sugarloaf farmland but an option is maintained to buy back around 30% of the land required for construction of the processing facility.

This option can be exercised any time during the next 20 years.

The $1.35 million to be pocketed from this sale adds to the $3.35 million realised from the sale of the Leigh Creek Magnesite Project in July 2018.

READ: Archer obtains exclusive agreement for quantum computing technology, shares surge

Last year Archer executed a licence agreement giving it exclusive rights to develop and commercialise quantum computing technology intellectual property.

This agreement is with the University of Sydney Commercial Development and Industry Partnerships (CDIP) and the technology is a chip device capable of quantum information processing at room-temperature.

The materials that would form the critical componentry of the chip are available in the inventory of Archer’s wholly-owned subsidiary Carbon Allotropes.

Successful development of the technology would represent a major global breakthrough in the quantum computing industry, estimated to reach $US29 billion by 2021.

Notably, this market is also linked to the $US500 billion semiconductor market, catalysed by technical advances that allow for practicality, accessibility, and widespread consumer adoption.

READ: Archer Exploration appoints quantum technology specialist

As part of implementing this strategy, the company has appointed Dr Martin Fuechsle to the position of Quantum Technology manager.

He is internationally recognised for developing the smallest transistor being a single-atom transistor and the fabrication of breakthrough quantum computing devices.

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Fri, 08 Feb 2019 11:34:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214220/archer-exploration-to-use-non-core-asset-sale-funds-for-quantum-technology-work-214220.html
<![CDATA[News - Archer Exploration first assays support presence of large copper-gold system ]]> https://www.proactiveinvestors.com.au/companies/news/214126/archer-exploration-first-assays-support-presence-of-large-copper-gold-system-214126.html Archer Exploration Ltd (ASX:AXE) has received assays from the first two holes drilled at the Hood Prospect within the Blue Hills Copper-Gold Project in South Australia.

Reverse circulation (RC) drilling intersected copper from surface in the first drill hole showing 24 metres at 0.1% copper.

The second hole was drilled 51 metres away from the first and intersected 46 metres at 0.05% copper from 40 metres depth in similar geology to the firs thole.

The assays are supportive of Archer’s geological model and suggest the presence of a large intrusive related copper-gold mineralising event.

HDRC19-01 depths 54 and 55 metres showing the bleaching at 55 metres (sodic alteration)

READ: Archer Exploration’s drill results confirm potential for large copper-gold system at Blue Hills

Archer’s executive chairman Greg English said: “At Hood we have received positive results from the first drill holes ever drilled in this area, and we believe that the results from HDRC19-01 could represent the edge of a much larger system.

“Importantly, the presence of molybdenum, albitite and alteration in both holes HDRC19-01 and HDRC 19-02 supports our conceptual model that an intrusive style mineralising event is driving the copper-gold mineralisation at Hood.”

Further assays pending

Blue Hills’ RC drill program involves the drilling of up to 12 holes for 1,800 metres at the Hood, Hawkeye, Katniss and Legolas Prospects

Additional assays will be reported as they become available.

Drilling continues to test soil anomalies and geophysical targets previously identified by Archer over the wider Blue Hills area.

These other target areas are Katniss and Hawkeye located 4.5 kilometres to the North of the holes being reported at Hood.

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Thu, 07 Feb 2019 09:54:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214126/archer-exploration-first-assays-support-presence-of-large-copper-gold-system-214126.html
<![CDATA[News - Archer Exploration’s drill results confirm potential for large copper-gold system at Blue Hills ]]> https://www.proactiveinvestors.com.au/companies/news/213307/archer-explorations-drill-results-confirm-potential-for-large-copper-gold-system-at-blue-hills-213307.html Archer Exploration Limited (ASX:AXE) has received drilling results from Hood prospect of the Blue Hills project in South Australia, confirming large intrusive style copper-gold alteration.

The aim of the reverse circulation (RC) program, which involved Hood, Katniss and Hawkeye prospects, was to test large areas of coincident copper-gold targets.

These targets were identified from geochemical, rotary air blast (RAB) drilling and electromagnetic (EM) surveys.

READ: Archer Exploration outlines drill program testing copper-gold targets

Archer executive chairman Greg English said: “We have had an excellent start to our maiden exploration program at Hood.

“The early drilling results confirm what could potentially be a very large copper gold system.”

 

Multiple phases of alteration

RC drilling of soil anomalies and ground EM conductors intersected multiple phases of alteration with veins comprising quartz-carbonate-hematite and sulphide mineralisation observed in rock chips.

This indicates the capacity to host copper-gold mineralisation, which will be tested with additional drilling.

 

“Only a small part of our overall project area”

English said: “The spatial alteration and zonation pattern of large intrusive copper gold systems is well understood, and what we have seen at Hood so far is consistent with this style of mineralisation.

“In terms of the wider potential, it is also important to note that Hood is only a small part of our overall project area, with the larger North Burra project covering an area more than 3,000 kilometres.”

Magnetite, pyrite and chalcopyrite were also discovered at the depths expected in the EM model.

READ: Archer Exploration highlights advanced materials business strategy amid exploration divestments

Archer’s vision is to build a long-term, viable mineral and materials development business focusing on areas related to quantum technology, health and reliable energy.

In September last year Archer CEO Mohammad Choucair said: “Although we’re across three areas, our focus is on the advanced materials that underpin these technologies.

“We’re in a very good position because we have a suite of materials that can solve problems end-to-end with global impact – we can make these technologies quite accessible to very large markets.”

Archer has been progressing exploration at Blue Hills with the objective of discovering copper-gold mineralisation.  

The three holes drilled at Hood support the application of the mineralisation model with further drilling analysis to take place at Katniss and Hawkeye next month.

- Jessica Cummins 

 

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Thu, 24 Jan 2019 22:21:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213307/archer-explorations-drill-results-confirm-potential-for-large-copper-gold-system-at-blue-hills-213307.html
<![CDATA[News - Archer Exploration appoints quantum technology specialist ]]> https://www.proactiveinvestors.com.au/companies/news/212732/archer-exploration-appoints-quantum-technology-specialist-212732.html Archer Exploration Ltd (ASX:AXE) has appointed Dr Martin Fuechsle to the position of Manager, Quantum Technology.

Dr Fuechsle’s appointment to this newly created role is part of Archer’s strategy to commercially develop materials and technology in the key vertical of Quantum Technology.

He is internationally recognised for developing the smallest transistor being a single-atom transistor and the fabrication of breakthrough quantum computing devices.

These achievements strongly align with Archer’s technology development applications in the global semiconductor and quantum computing industries.

READ: Archer obtains exclusive agreement for quantum computing technology, shares surge

Archer’s CEO Dr Mohammad Choucair said: “Dr Fuechsle is among the few highly talented physicists in the world capable of building quantum devices that push the boundaries of current information processing technology.

“His skills, experience, and exceptional track record strongly align to Archer’s requirements for developing our key vertical of Quantum Technology, and we look forward to working with him to expand our team and capabilities.”

The appointment will allow Archer to begin developing exclusively licenced intellectual property (IP) from the University of Sydney.

The IP will be related to a practical quantum computing device (chip) based on room-temperature quantum information processing.

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Thu, 17 Jan 2019 10:31:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212732/archer-exploration-appoints-quantum-technology-specialist-212732.html
<![CDATA[Media files - Archer Exploration's exclusive IP for quantum computing shows strategy in action ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11675/archer-exploration-s-exclusive-ip-for-quantum-computing-shows-strategy-in-action-11675.html Thu, 20 Dec 2018 13:46:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11675/archer-exploration-s-exclusive-ip-for-quantum-computing-shows-strategy-in-action-11675.html <![CDATA[News - Archer obtains exclusive agreement for quantum computing technology, shares surge ]]> https://www.proactiveinvestors.com.au/companies/news/211014/archer-obtains-exclusive-agreement-for-quantum-computing-technology-shares-surge-211014.html Archer Exploration Ltd (ASX:AXE) has executed a binding licence agreement giving it exclusive rights to develop and commercialise quantum computing technology intellectual property.

The agreement is with the University of Sydney Commercial Development and Industry Partnerships (CDIP).

The technology to be developed is a chip device capable of quantum information processing at room-temperature.

Notably, the materials that would form the critical componentry of the chip are available in the inventory of Archer’s wholly owned subsidiary Carbon Allotropes.

READ: Archer Exploration signs $1.35 million deal to sell Sugarloaf farmland

Archer’s CEO Dr Mohammad Choucair said: “We have reached a significant milestone in Archer’s history.

“We now have the means to provide shareholders exposure to the development of a high-impact, globally competitive technology in the area of quantum computing, that aligns strongly with our strategic focus area of Quantum Technology.

“We are one of very few companies in Australia that can provide that kind of exposure, so we are pleased to have executed the agreement before the end of Q2.

“It is exciting to think of the possibilities quantum computing can offer and being part of something so revolutionary.”

Ability to function at room temperature is critical

Choucair added: “Currently, the materials used in quantum computers either function at really low temperatures, or if they function at room temperatures, they are extremely difficult to integrate into modern electronics. Simply put, this limits their practicality and use.

“The IP we have licenced is a potential solution to these problems, and gives Archer a competitive advantage, that of the first mover. Importantly, the materials needed to realise the IP are available in the inventory of our wholly owned subsidiary, Carbon Allotropes.”

Successful development of the technology would represent a major global breakthrough in the quantum computing industry, estimated to reach $US29 billion by 2021.

Notably, this market is also linked to the $US500 billion semiconductor market, catalysed by technical advances that allow for practicality, accessibility, and wide-spread consumer adoption.

Moving forward with a commercialisation plan

As part of the agreement, Archer has developed a commercialisation plan.

The commercialisation plan includes a number of interdependent technical and commercial development milestones in each financial year quarter.

Archer is in the process of hiring key personnel to manage building the quantum computing processing chip.

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Wed, 12 Dec 2018 13:27:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211014/archer-obtains-exclusive-agreement-for-quantum-computing-technology-shares-surge-211014.html
<![CDATA[Media files - Archer Exploration CEO explains three pronged strategy to advance three verticals ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11540/archer-exploration-ceo-explains-three-pronged-strategy-to-advance-three-verticals Mon, 10 Dec 2018 12:44:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11540/archer-exploration-ceo-explains-three-pronged-strategy-to-advance-three-verticals <![CDATA[News - Archer Exploration signs $1.35 million deal to sell Sugarloaf farmland ]]> https://www.proactiveinvestors.com.au/companies/news/210089/archer-exploration-signs-135-million-deal-to-sell-sugarloaf-farmland-210089.html Archer Exploration Limited (ASX:AXE) has executed a legally binding contract for the sale of the Sugarloaf farmland located near the township of Cleve on South Australia’s Eyre Peninsula.

The Sugarloaf farmland is contained within Archer tenement EL 5920 and hosts the Sugarloaf carbon deposit and the proposed site of the Sugarloaf Graphite Processing Facility, which will be used to process the graphite from the nearby Campoona mining lease.

The sale consideration is $1.35 million with a 10% deposit already received and the remaining 90% to be received at settlement. The settlement is scheduled to take place on July 1, 2019.

READ: Archer Exploration outlines drill program testing copper gold targets

Archer purchased the farmland in April 2013 and at the time of the acquisition, the final size of the Sugarloaf Graphite Processing Facility and associated tailings dam was unknown.

Since 2013, Archer has finalised the design and areal extent of the Sugarloaf Graphite Processing Facility, and as a result, the company has made the decision to sell the Sugarloaf farmland to release funds for drilling and technology development.

Under the terms of the sale agreement, Archer will sell the entirety of the Sugarloaf farmland but maintains an option to buy back about 30% of the Sugarloaf farmland, which will be required for the construction of the Sugarloaf Graphite Processing Facility.

The option to buy back part of the land can be exercised by Archer any time during the next 20 years.

 

Archer chairman Greg English said: “The sale of the entirety of the Sugarloaf farmland, importantly allows Archer to free up capital that can be used to fund our upcoming drill program at Blue Hills and the Quantum Technology development work.”

“With the sale of the Sugarloaf farmland and the sale Leigh Creek Magnesite Project in July 2018, the company has now realised $3.35 million in asset sales during the past 6 months and we are constantly identifying new opportunities to monetise non-core assets.

“Archer continues to be well funded and we look forward to announcing the results from our upcoming RC drill program at Blue Hills and the Quantum Technology development work.”

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Wed, 28 Nov 2018 17:07:00 +1100 https://www.proactiveinvestors.com.au/companies/news/210089/archer-exploration-signs-135-million-deal-to-sell-sugarloaf-farmland-210089.html
<![CDATA[Media files - Archer Exploration's CEO discusses advanced materials in human health ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11233/archer-exploration-s-ceo-discusses-advanced-materials-in-human-health-11233.html Tue, 20 Nov 2018 09:30:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11233/archer-exploration-s-ceo-discusses-advanced-materials-in-human-health-11233.html <![CDATA[News - Archer Exploration outlines drill program testing copper gold targets ]]> https://www.proactiveinvestors.com.au/companies/news/209416/archer-exploration-outlines-drill-program-testing-copper-gold-targets-209416.html Archer Exploration Ltd (ASX:AXE) is preparing a 12-hole, 1,800-metre reverse circulation (RC) drilling program at its Blue Hills Copper-Gold Project in South Australia.

Drilling is due to start in the first week of January 2019, testing several targets associated with large copper and gold in soils mineralisation and associated electromagnetic (EM) targets.

The program is expected to take 3-4 weeks with the first results expected in early February 2019.

READ: Archer Exploration brings in $250,000 cash with magnesite asset sale

Drilling is planned at Hood, Hawkeye, Katniss and Legolas Prospects testing targets identified from geochemical, rotary air blast (RAB) and EM surveys.

This work identified large areas of coincident copper and gold mineralisation in soils and shallow EM signatures.

Several zones of potentially high-grade copper mineralisation will be targeted with the upcoming RC drill program. 

New strategic focus on advanced materials

Archer’s vision is to build a long-term and viable mineral and materials development business focussing on the key areas related to quantum technology, human health, and reliable energy.

These three themes were targeted as they have associated industries with exponential growth opportunities.

 

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Mon, 19 Nov 2018 12:55:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209416/archer-exploration-outlines-drill-program-testing-copper-gold-targets-209416.html
<![CDATA[Media files - Archer Exploration's CEO discusses advanced materials in reliable energy ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11162/archer-exploration-s-ceo-discusses-advanced-materials-in-reliable-energy-11162.html Tue, 13 Nov 2018 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11162/archer-exploration-s-ceo-discusses-advanced-materials-in-reliable-energy-11162.html <![CDATA[Media files - Archer Exploration's CEO discusses advanced materials in quantum computing ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11027/archer-exploration-s-ceo-discusses-advanced-materials-in-quantum-computing-11027.html Mon, 29 Oct 2018 22:00:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11027/archer-exploration-s-ceo-discusses-advanced-materials-in-quantum-computing-11027.html <![CDATA[News - Archer Exploration brings in $250,000 cash with magnesite asset sale ]]> https://www.proactiveinvestors.com.au/companies/news/207140/archer-exploration-brings-in-250000-cash-with-magnesite-asset-sale-207140.html Archer Exploration Limited (ASX:AXE) has reported its collaboration achievements for the September quarter on the back of a $250,000 cash inflow from the sale of subsidiary Leigh Creek Magnesite Pty Ltd.

The advanced materials-focused company, which is examining options for its exploration assets, spent $279,000 on exploration and evaluation in the quarter.

READ: Archer Exploration to seek alternatives in divesting exploration assets

Once staff, administration and corporate costs were added on, it reported a $943,000 loss from operating activities.

Archer held $2.75 million cash and cash equivalents at the start of the quarter and ended with $2.1 million cash and cash equivalents.

Among the collaboration agreements the company highlighted today were its University of Sydney Commercial Development and Industry Partnerships negotiations for carbon-based quantum computing technology, its Collaboration with The University of Adelaide ARC Graphene Hub for printing graphene inks and University of New South Wales battery production for consumer and electric vehicle markets.

Archer executive chairman Greg English said the negotiation for a final licence agreement with USyd continued during the quarter, reporting an improved expected timetable for negotiations.

English said: “At this stage, we expect to execute the final form licence agreement and commence development work by the end of this year.”

The technology was created by Archer chief executive officer Dr Mohammad Choucair during his former employment with the university.

READ: Archer Exploration to produce disease-detecting biosensor from graphene with leading German biotech

The company holds the Campoona graphite deposit in South Australia, with English highlighting recent collaboration work had been a win for demonstrating the value of the asset.

English said: “During the quarter we made considerable progress in the development of a biosensor to be used in the detection of infectious diseases.

“The University of Adelaide ARC Graphene Hub, in collaboration with Archer, prepared graphene-based ink from Campoona graphite to print electrodes for biosensing device application.

"The signing of the material transfer agreement with a leading German biotechnology company will allow a study to be performed using these biosensors in diagnostic products for infectious disease serology.

“The successful assembly and testing of commercially scalable full-cell configuration lithium-ion batteries using Archer’s Campoona graphite was a great achievement and should assist the company as it continues its search for offtake partners.”

Speaking in the company’s quarterly activities report today, English acknowledged Archer’s recent decision not to spin out non-exploration assets into a subsidiary known as Ballista Resources Ltd that it had planned to list on the Australian Securities Exchange.

English reported: “The spin-out of the non-graphite assets will not proceed in its current form, and we plan to consider alternatives to divest these projects, while commencing with the drilling of the Blue Hills Copper-Gold Project next month.”

First results from the latest drilling campaign at Blue Hills, 240 kilometres north of Adelaide, are expected in December.

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Tue, 16 Oct 2018 01:09:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207140/archer-exploration-brings-in-250000-cash-with-magnesite-asset-sale-207140.html
<![CDATA[News - Archer Exploration to seek alternatives in divesting exploration assets ]]> https://www.proactiveinvestors.com.au/companies/news/206630/archer-exploration-to-seek-alternatives-in-divesting-exploration-assets-206630.html Archer Exploration Limited (ASX:AXE) has terminated the spin-out of non-graphite assets to a new company and will drill targets at its South Australian Blue Hills Copper-Gold Project from next month while it identifies alternate divestment routes.

The South Australia-based company had formed newco Ballista Resources Ltd with a view to seeing the subsidiary list itself on the Australian Securities Exchange last month.

However, Archer has now axed the plan-in-play for an initial public offering (IPO).

 

Archer reported today Ballista had told it a Ballista IPO would not take place this year.

Parent company Archer’s response was to cancel its share-sale divestment agreement using a clause that allowed termination if Ballista did not achieve a September 30 listing date.

Advanced materials-focused Archer now plans to identify alternatives to monetise its non-graphite assets.

Archer chairman Greg English told the market: “While the directors are disappointed at this outcome, the board remains confident in the potential of the non-graphite assets and we intend to commence drilling at the Blue Hills Copper-Gold Project in November.”

READ: Archer to produce disease-detecting biosensor from graphene with leading German biotech

First results from the latest drilling campaign at Blue Hills 240 kilometres north of Adelaide are expected in December.

The campaign will focus on large, district-scale gold-and-copper soil targets.

Archer previously discovered the Hood, Hawkeye and Katniss large-scale gold-and-copper in-soil anomalies at the Blue Hills tenements but has not explored the ground since announcing its planned divestment in July.

Today English said the tenements had “tremendous potential” and were prospective for copper, cobalt, gold and manganese.

The company’s corporate strategy is focused on targeting globally-relevant advanced materials markets of human health, reliable energy, and quantum technology.

Mr English concluded: “We are committed to growing our advanced materials and technology business and will look for alternatives to monetise the non-graphite assets”.

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Tue, 09 Oct 2018 00:13:00 +1100 https://www.proactiveinvestors.com.au/companies/news/206630/archer-exploration-to-seek-alternatives-in-divesting-exploration-assets-206630.html
<![CDATA[Media files - Archer Exploration positioned to capitalise on range of applications for advanced materials ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10612/archer-exploration-positioned-to-capitalise-on-range-of-applications-for-advanced-materials-10612.html Thu, 27 Sep 2018 08:30:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10612/archer-exploration-positioned-to-capitalise-on-range-of-applications-for-advanced-materials-10612.html <![CDATA[News - Archer Exploration to produce disease-detecting biosensor from graphene with leading German biotech ]]> https://www.proactiveinvestors.com.au/companies/news/205807/archer-exploration-to-produce-disease-detecting-biosensor-from-graphene-with-leading-german-biotech-205807.html Archer Exploration Limited (ASX:AXE) has progressed the human health side of its advanced materials business, signing a material transfer agreement (MTA) with a leading German biotechnology company.

The partners with work together to develop an electrochemical biosensor that uses printable graphene components in an effort to detect diseases.

 

These components have been produced as part of Archer’s collaboration agreement with University of Adelaide ARC Graphene Hub.

Archer reported today that its new binding, non-exclusive agreement with the German biotechnology company — which it called a “reputable vitro diagnostic medical device manufacturer” — would allow an in vitro diagnostics study between the partners for an infectious disease serology.

The German manufacturer, which has been operating for more than 40 years, and Archer plan to convert the MTA into a collaboration agreement in the “near term”.

Archer acknowledged it had not named the partner and employer of more than 110 staff and said this was to “avoid circumspection” due to the non-exclusive nature of the parties’ agreement.

The Sydney and South Australia-based company said ARC Graphene Hub would continue with its focus on biosensing componentry, a complementary effort.

READ: Archer Exploration highlights advanced materials business strategy amid exploration divestments

Archer chief executive officer Dr Mohammad Choucair reported today: “This represents the first opportunity for Archer to work collaboratively with a reputable European, customer-facing biotech company.

“In a short period of time, we have leveraged the positive outcomes of our collaboration agreement with the ARC Graphene Hub, to progress our strategy in the key focus area of human health.

“We are confident that we can rapidly progress our biosensor development towards markets that target the use of infectious disease detection”.

Next steps

Archer and its new German biotech partner will identify technical and commercial opportunities to meet biosensor technology gaps at low costs and with a variety of biosensing devices.

The partners will kick off their study and try a variety of products to diagnose viral, bacterial, parasitic and fungal diseases while evaluating and optimising graphene inputs and the performance of graphene-ink biosensor components.

Graphene Hub will continue to play a role in contributing to the development of a functional electrochemical carbon-based biosensor.

Archer’s hub collaboration gives it access to infrastructure for preparing graphene-based materials such as ink and the expertise of people who work with these materials.

Markets and Markets has forecast the graphene inks and printed electronic device biotechnology market segment is set to grow to US$27 billion by 2022.

Transforming the company

Choucair told Proactive Investors’ Stocktube video channel today the biotechnology space was just one area of emerging opportunity the company would focus upon as the company shifted its business focus to advanced materials.

He said: “Archer’s in the unique position now to offer shareholders an opportunity to be exposed to really innovative technologies, like quantum computing, and the advanced materials that underpin them.”

IBIS World revealed last year the global biotechnology industry was worth US$328 billion.

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Wed, 26 Sep 2018 21:54:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205807/archer-exploration-to-produce-disease-detecting-biosensor-from-graphene-with-leading-german-biotech-205807.html
<![CDATA[News - Archer Exploration highlights advanced materials business strategy amid exploration divestments ]]> https://www.proactiveinvestors.com.au/companies/news/205315/archer-exploration-highlights-advanced-materials-business-strategy-amid-exploration-divestments-205315.html Archer Exploration Limited (ASX:AXE) (FRA:38A) has laid out its strategy for becoming an advanced materials business delivering revenue to investors over the next 18 months.

The company, which met with brokers and fund managers this week and will also be at a Benchmark Minerals event, pulled ahead of the pack in the past year, experiencing 32% better growth than the sector and 33% better gains than the Australian market.

Sydney and South Australia-based Archer also added 31% to its share price in the year to Tuesday.

Milestone events

In the past 12 months, graphite-focused Archer has experienced a number of milestone events for its share price, including setting quantum technologies, Reliable Energy supplies and human health firmly in its sights.

CEO Dr Mohammad Choucair.

Archer chief executive officer Dr Mohammad Choucair told Proactive Investors: “Although we’re across three areas, our focus is on the advanced materials that underpin these technologies.

“We’re in a very good position because we have a suite of materials that can solve problems end-to-end with global impact. We can make these technologies quite accessible to very large markets.

“Over the coming, six-12-18 months we’re looking to progress through to revenue and we’re going to be doing that with the materials that we have at hand and the technology that we’re going to be developing across those three areas that are of critical importance as we move into the fourth industrial revolution.”

Archer plans to spin-out its non-graphite assets as it continues to develop and integrate advanced materials for use in modern technologies.

The new company Archer will spin its exploration assets into and potentially list is called Ballista Resources Ltd.

Archer's magnesite assets will go to an unnamed buyer.

Technology-led growth

The company reported this week it had been executing a “focused strategy for growth in key technology markets” since it acquired 100%-held subsidiary Carbon Allotropes late last year and was granted a graphite mining lease.

Archer’s chief executive was a director of the subsidiary and became Archer CEO on December 1 after the acquisition.

Choucair has said: “We are providing shareholders with exposure to innovative technologies like quantum computing, and the advanced materials that underpin them.”

The company wrote in this week's update: “Our focus on developing end-to-end material centric solutions has resulted in the identification of key advanced materials markets to strengthen and grow Archer.

“Our integrated approach to the materials life cycle is spawning high-value opportunities through our graphite and graphene assets, and wholly-owned subsidiary Carbon Allotropes.”

The Carbon Allotropes acquisition gave Archer access to more than $100 million in research and development infrastructure.

Three types of collaboration deals that the company inked in the past six months were flagged today as cornerstones to its target of “delivering high-value outcomes that position Archer for major, long-term growth”.

Quantum technology efforts

The first and most important of the collaborations highlighted by the company was a quantum technology licence negotiations this quarter with CEO Choucair’s former employer the University of Sydney.

Choucair told Proactive Investors: “The immediate focus is to get the licence agreement awarded to Archer from the University of Sydney — we’ve finalised our terms with the university … for the exclusive licence agreement.

“We have an exclusive period to the end of the year to negotiate the licence agreement to Archer, so we’re looking to get that by Christmas. We’re working with them and that’s going back and forth but we’re optimistic of course.

“I’m the inventor on the work and that sets us apart from anyone else trying to acquire IP and develop it, so Archer will have the key inventor in-house and we understand what the technology can do.”

The parties have agreed to terms, with the licence to be executed after intellectual property milestones are achieved across the world.

During his time at the University of Sydney, Choucair invented the first material known to overcome quantum technology limitations. This carbon cube can hold quantum information (quibits) and allow it to be processed as the surrounding environment continues to be cooled or heated at ordinary room temperatures.

Current technology can only perform the functions at sub-zero temperatures, with one known exception having only a limited application.

A challenge to the widespread use of quantum computers is the inability for core device chips to remain stable at room temperature.

After Archer’s agreement to licence terms with USyd, the university made intellectual property treaty filings in Europe, Australia, the US, Japan, Korea and China with the collaborators are waiting to be returned.

Once the partners finalise a quantum licence, it will help the company tap into a growing computing power market tipped to grow to US$11 billion by 2024 in research released by Industry 40 Market Research earlier this year.

Reliable Energy push

The company’s reliable energy collaborations for lithium-ion batteries, agreed in the June quarter, intersect increasing environmental-related demand for the Li-ion batteries which was put at US$130 billion by 2028 by IDTechEx last year.

Archer says batteries produced from its Campoona graphite deposit on the Eyre Peninsula in South Australia are “industry state-of-art”.

The Australian Centre for Microscopy and Microanalysis undertook nano-scale and atomic-scale analysis for the company, with the company reporting the “analysis of Archer’s graphite confirmed the materials’ near-perfect structure”.

Also related to reliable energy is an MOU with Urbix Resources, LLC for graphite toll processing, further collaboration agreements with FlexeGRAPH and the University of New South Wales (UNSW).

Archer expects the Urbix MOU could bring more than $14 million of capital cost benefits to its Campoona Graphite Project over its lifetime.

The company has tipped its FlexeGRAPH collaboration could present an opportunity to convert graphite from the project into high-value graphene material, as the collaborators sought to thermally manage electric vehicle batteries.

Archer’s collaboration and research service agreement with UNSW has produced lithium-ion batteries with full-cell configuration from Campoona graphite.

Human health focus

Archer’s March human health collaboration relates to biosensors, with increased demand coming from an ageing population and being tipped to reach US$27 billion by 2022 by Market and Markets in a global forecast last year.

The company said its now varied agreement with the ARC Research Hub for Graphene Enabled Industry Transformation at the University of Adelaide had “redefined to focus on carbon-based biosensors”.

The Australian research centre was able to develop graphene-based conductive inks derived from Archer’s Campoona graphite, with the inks “used to print electronic circuits on transparent and flexible substrates that function as basic bio-electrochemical sensing device componentry.”

Archer viewed Campoona graphite as “process agnostic in graphene production” after the graphite material was used for the printing of the biosensing technologies.

A path forward

Archer has set some specific goals for its quantum technology, reliable energy and human health efforts.

Its quantum technology goals include: leading the development and commercialisation of carbon-based quantum technology; and reducing commercialisation barriers to its widespread use by building a practical quibit processor.

The company’s reliable energy goals include: building an operating graphite mine in Australia; and targeting offtake and battery manufacturing partnerships by scaling and integrating the Campoona resource downstream in the supply chain.

Archer’s human health goals meanwhile are to: make biosensing simple; and service niche biosensor market segments by developing commercially viable probes for rapid disease detection and diagnostic medical imaging.

The finalisation of the University of Sydney licence agreement in the next six months will be a milestone event for the company.

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Thu, 20 Sep 2018 19:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205315/archer-exploration-highlights-advanced-materials-business-strategy-amid-exploration-divestments-205315.html
<![CDATA[News - Archer Exploration to reveal latest lease details for Campoona graphite ]]> https://www.proactiveinvestors.com.au/companies/news/188400/archer-exploration-to-reveal-latest-lease-details-for-campoona-graphite-188400.html Archer Exploration Ltd's (ASX:AXE) shares are in pre-open this morning following the ASX granting the company a trading halt, pending details on its Campoona Mine Lease Application.

The lease is the proposed site of the proposed Campoona Shaft graphite mine in South Australia.

Archer has been receiving strong support from shareholders recently, securing $3 million in a share purchase plan, which had valid applications for more than double this amount.

The halt will remain in place until the opening of trade on Monday 11th December 2017, or earlier if an announcement is made to the market.

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Thu, 07 Dec 2017 10:26:00 +1100 https://www.proactiveinvestors.com.au/companies/news/188400/archer-exploration-to-reveal-latest-lease-details-for-campoona-graphite-188400.html
<![CDATA[News - Archer Exploration finds gold in Blue Hills Copper Project ]]> https://www.proactiveinvestors.com.au/companies/news/182342/archer-exploration-finds-gold-in-blue-hills-copper-project-182342.html Archer Exploration (ASX:AXE) has revealed the latest assays from its Blue Hills Copper Project in South Australia, with up to 0.76 g/t gold reported along with copper.

The best gold results include:

- 1 metre at 0.76 g/t gold from surface;
- 10 metres at 0.15 g/t gold from surface; and
- 6 metres at 0.12 g/t gold from surface.

The company had completed a reconnaissance drill program at Blue Hills In May 2017.

A total of 16 reverse circulation holes were drilled, targeting unrecorded historic workings in the area.

Importantly, the drill campaign was successful in identifying significant copper mineralisation along strike and below historic copper workings, including 23 metres at 0.3% copper from surface.

The drilling was followed up with a regional rock chip sampling program which showed the presence of gold in the area. As a result of this discovery, the company re-assayed the drill samples for gold.

The co-mingling of copper and gold at Blue Hills is important as it shows that these minerals have been deposited by a single process, consistent with intrusive style mineralisation.

Whilst these types of deposits do not have the highest grades of ore, they tend to have large overall resources.

Archer has commenced a systemic soil and rock chip sampling over the area of the Blue Hills copper anomaly, to expand the mineralisation footprint and aid in the identification of future drill targets.

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Mon, 14 Aug 2017 09:32:00 +1000 https://www.proactiveinvestors.com.au/companies/news/182342/archer-exploration-finds-gold-in-blue-hills-copper-project-182342.html
<![CDATA[News - Archer Exploration Ltd to develop new graphene based products ]]> https://www.proactiveinvestors.com.au/companies/news/180798/archer-exploration-ltd-to-develop-new-graphene-based-products-180798.html Archer Exploration Ltd (ASX:AXE) has entered into an agreement with the Australian Research Council (ARC) to collaborate on the ARC Graphene Research Hub.

The aim of the ARC Graphene Research Hub is to provide leading knowledge, innovative research and development for the commercialisation of graphene research.

This is to create future carbon based high-tech industries and technologies across broad sectors.

The main aim of Archer’s work is the development of scalable graphene production processes for the company’s numerous graphite deposits.

Importantly, the worldwide consumption of graphene is expected to grow exponentially as more uses are found and graphene products are developed.

The ARC Graphene Research Hub is funded by the Australian Government, through the Australian Research Council’s Industrial Transformation Research Hubs scheme.

Under the agreement between Archer and the other ARC Graphene Research Hub participants, Archer will participate in many projects including:

- Development of a series of graphene based products to establish lab/pilot scale graphene production; and
- develop processes for the scalable production of high quality graphene and the optimisation of production rate, yield, quality, purity, environmental impact, cost and sustainability;

The Campoona project is the most advanced of Archer's Eyre Peninsula Graphite projects.

Archer has lodged a mining lease application (MLA) for the Campoona graphite mine and associated miscellaneous purpose licences for the Sugarloaf graphite and graphene processing facility.

As part of the MLA, Archer is seeking approval for the manufacture of up to 100 tonnes per annum of graphene.

The company is anticipating the grant of the mining tenements by the end of the current quarter.

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Thu, 13 Jul 2017 10:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/180798/archer-exploration-ltd-to-develop-new-graphene-based-products-180798.html
<![CDATA[News - Archer Exploration samples cobalt ahead of Ketchowla drilling ]]> https://www.proactiveinvestors.com.au/companies/news/174958/archer-exploration-samples-cobalt-ahead-of-ketchowla-drilling-174958.html Archer Exploration (ASX:AXE) has identified further high-grade cobalt in rock chips with the highest grade of 0.64% cobalt, at its Ketchowla Cobalt Manganese Project in South Australia.

The Ketchowla Project is located circa 45 kilometres north of Burra and 200 kilometres north of Adelaide.

A total of 18 samples were collected from the K1, K2 and K8 prospects with 17 samples reporting grades of > 0.1% cobalt, with an average grade of 0.28% cobalt.

In addition to cobalt, manganese grades of more than 50% were reported at several locations.  The average grade reported was 37.3% manganese.

The known mineralisation from K2 to K9 prospects demonstrate the potential size (30 kilometres strike length) of the mineralising system at Ketchowla.

The exploration was undertaken as part of the preparatory work for the upcoming Ketchowla reverse circulation drilling program which is scheduled to commence in late April.

Earlier this month, Archer raised $1.89 million from a share placement at an issue price of $0.07 per share.

The funds will be used for the upcoming Ketchowla drilling program and to accelerate cobalt focussed exploration activities at Polinga, Broken Hill and on Archer’s other tenements.

The Ketchowla drill program will aim to build on the near surface, high-grade cobalt discovered by Archer from the maiden Ketchowla drill program completed in 2010.

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Fri, 17 Mar 2017 14:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/174958/archer-exploration-samples-cobalt-ahead-of-ketchowla-drilling-174958.html
<![CDATA[News - Archer Exploration shares rise on new addition to its cobalt portfolio ]]> https://www.proactiveinvestors.com.au/companies/news/173239/archer-exploration-shares-rise-on-new-addition-to-its-cobalt-portfolio-173239.html Archer Exploration (ASX:AXE) has lodged two exploration licence applications in New South Wales, adding areas of known cobalt mineralisation to its existing portfolio of cobalt projects.

The company’s shares were last trading 8.33% higher intra-day on Thursday, at $0.078.

Archer’s new Great Northern Project covers an area of 381 square kilometres and is located 20 kilometres northwest of Broken Hill in New South Wales.

The project area covers known outcrops of the Himalaya Formation, which host Cobalt Blue Holdings’ (ASX:COB) Pyrite Hill, Big Hill and Railway deposits containing 33.1 million tonnes at 0.083% cobalt.

The Himalaya Formation is one of the most prospective areas for cobalt mineralisation in New South Wales.

The tenement areas are close to existing town, rail, road and other critical infrastructure.

Archer’s total cobalt exploration tenure now exceeds 2,000 square kilometres.

The company is focused on developing its existing cobalt tenements, which include:

- The Ketchowla Project in South Australia, where Archer has previously reported high cobalt in rock chips (up to 0.59% cobalt) and drilling (11 metres at 0.14% cobalt from 6 metres).

- The Pollinga Project in South Australia, where Archer has mapped the main structure over 10 kilometres with grades of up to 0.2% cobalt from 32 metres.

Over the coming weeks, Archer is expected to update the market regarding the progress on its existing cobalt projects and the expansion of its cobalt-focussed tenement holdings.

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Thu, 16 Feb 2017 13:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/173239/archer-exploration-shares-rise-on-new-addition-to-its-cobalt-portfolio-173239.html
<![CDATA[News - Archer Exploration Ltd to reveal joint venture transaction ]]> https://www.proactiveinvestors.com.au/companies/news/165609/archer-exploration-ltd-to-reveal-joint-venture-transaction-70717.html Archer Exploration Ltd (ASX:AXE) has been granted a trading halt by the ASX, pending the finalisation of a significant joint venture transaction.

The halt will remain in place until the opening of trade on Wednesday 31st August 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 29 Aug 2016 14:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/165609/archer-exploration-ltd-to-reveal-joint-venture-transaction-70717.html
<![CDATA[News - Archer Exploration doubles strike of graphite mineralisation in South Australia ]]> https://www.proactiveinvestors.com.au/companies/news/148580/archer-exploration-doubles-strike-of-graphite-mineralisation-in-south-australia-60584.html Archer Exploration’s (ASX:AXE) drilling has almost double the strike length of graphite mineralisation to 1.1 kilometre at the Wilclo South Project in South Australia’s Eyre Peninsula.

The six reverse circulation holes totalling 519 metres also provided further evidence that the large flake characteristics of the graphite extends to at least this distance along the anomaly.

Wilclo South currently has a JORC2012 graphite resource of 6.38 million tonnes at 8.8% Cg.

The deposit remains open to the north and south for several kilometres.

Waddikee EL4662 is located between the townships of Cleve and Kimba on Central Eyre Peninsula.

The 999 square kilometre tenement is situated immediately north of Archer’s main graphite interests on EL4693 Wildhorse Plain.

Waddikee has a number of graphite prospects that have been evaluated using combinations of geophysics (airborne magnetic and electromagnetic surveys), rock chip sampling and detailed petrology.

Wilclo South which has a strong EM anomaly has been the focus of most of the previous drilling campaigns and the most successful within this tenement to date.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 09 Feb 2015 16:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/148580/archer-exploration-doubles-strike-of-graphite-mineralisation-in-south-australia-60584.html
<![CDATA[News - Archer Exploration intersects gold at Bartel in South Australia ]]> https://www.proactiveinvestors.com.au/companies/news/148578/archer-exploration-intersects-gold-at-bartel-in-south-australia-55263.html Archer Exploration (ASX:AXE) has intersected broad gold mineralisation at Bartel in South Australia.

As a part of the recent drilling campaign for graphite at Central Campoona, two drill holes were completed on the Bartel Epithermal Gold Prospect.

Intercepts included 22 metres at 0.33g/t gold from surface, associated with highly altered, brecciated dolomitic rocks, and trenching confirmed gold mineralisation within a steep north-dipping, westerly plunging alteration zone.

Elevated levels of thorium, antinomy, silver, zinc, manganese and potassium were also assayed.

The purpose was to define the orientation of the gold mineralisation intersected in 2012 that recorded 27 metres at 0.57g/t gold.

Elevated levels of thorium, antinomy, silver, zinc, manganese and potassium were also assayed.

Future exploration will use soil sampling to identify the mineralised extent of the alteration along strike of the identified gold anomalism.

In addition, further areas of alteration observed throughout the tenement will be soil sampled when landowner permission is gained to provide spatial vectoring needed to design follow-up drilling.

The graphite drilling in March was designed to build on February’s maiden JORC Inferred resource estimate for Central Campoona of 520,000 tonnes at 11.6% TC at nominal cut-off grade of 5% TC.

The 28 holes drilled in the March program have now infilled the Central Campoona footprint, which will allow a resource estimate update by June this year.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 28 May 2014 13:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/148578/archer-exploration-intersects-gold-at-bartel-in-south-australia-55263.html
<![CDATA[News - Archer Exploration acquiring South Australian graphite tenement from Monax Mining ]]> https://www.proactiveinvestors.com.au/companies/news/148576/archer-exploration-acquiring-south-australian-graphite-tenement-from-monax-mining-55117.html Archer Exploration (ASX: AXE) has executed a conditional Sale and Purchase Agreement to acquire the graphite-focused Waddikee Exploration Licence EL4662 on South Australia’s Eyre Peninsula from Monax Mining (ASX: MOX).

The 999 square kilometre tenement hosts a number of graphite deposits and prospects that have been evaluated using combinations of geophysics, rock chip sampling, detailed petrology and drilling.

This includes the Wilclo South graphite deposit that has a JORC Resource of 6.38 million tonnes grading 8.8% graphite.

Other graphite prospects drilled by Monax include the Lacroma and Francis graphite prospects.

Waddikee is located between the townships of Cleve and Kimba and is also prospective for manganese, iron, gold, base metals and uranium.

It abuts the northern boundary of Archer’s Sugarloaf graphite project on the Carrapee Hill exploration tenement, EL4861.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 21 May 2014 16:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/148576/archer-exploration-acquiring-south-australian-graphite-tenement-from-monax-mining-55117.html
<![CDATA[News - Archer Exploration confirms high grade graphite continuity at Campoona ]]> https://www.proactiveinvestors.com.au/companies/news/148574/archer-exploration-confirms-high-grade-graphite-continuity-at-campoona-54507.html Archer Exploration's (ASX: AXE) new drilling results have demonstrated continuity of high grade graphite mineralisation in the northern portion of its Campoona Central deposit in South Australia.

Drilling was designed to build on February’s maiden JORC Inferred resource estimate for Central Campoona of 520,000 tonnes at 11.6% TC at nominal cut-off grade of 5% TC.

The 28 holes drilled in the March program have now infilled the Central Campoona footprint, which will allow a resource estimate update by June this year.

Archer's maiden resource was limited to depths of around 50 metres, and latest round of infill drilling was extended to a vertical depth of 100 metres.

In addition to confirming the continuity of mineralisation, the drilling also confirmed that the mineralisation remains open at depth and thickens at depths from 40-60 metres.

Central Campoona, one of the Campoona project’s five zones of high grade graphitic schists located thus far, lies 1.8 kilometres south of Archer's Campoona Shaft graphite deposit.

Campoona Shaft itself carries a total mineral resource of 2.23 million tonnes at 12.3% TC for 293,900 tonnes of contained graphite.

One diamond drill hole was also completed to supply samples for metallurgical evaluation.

Archer appears to be a "value" graphite play with substantial resources and a capitalisation of under $15 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 24 Apr 2014 15:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/148574/archer-exploration-confirms-high-grade-graphite-continuity-at-campoona-54507.html
<![CDATA[News - Archer Exploration's shares trade higher volume ]]> https://www.proactiveinvestors.com.au/companies/news/148572/archer-explorations-shares-trade-higher-volume-50415.html Archer Exploration (ASX:AXE) had almost three million shares traded yesterday, with the company closing 19.4% firmer at $0.215.

The company's shares have been on the rise this week, following a collaboration with the University of Adelaide, which successfully produced a wide number of graphene and intercalated graphite products.

These were produced from raw Campoona graphite, and from Campoona medium-grade graphite concentrates.

The Campoona Graphite Project comprises the Campoona Shaft and Campoona Central project areas, located 15 kilometres north of Cleve on Eyre Peninsula, South Australia.

The Eyre Peninsula has a demonstrated history of graphite production. The Uley deposit, located near Port Lincoln, was discovered in the 1910s and has been worked intermittently since the late 1920s.

Archer aims to produce high grade to ultra-pure fine natural flake graphite; and manufacture high tech, high-value graphene products.

Graphene is a one-atom thick layer of carbon that has outstanding mechanical, electrical, optical, thermal and chemical properties.

Its current known uses include as conductive formulations and inks, energy storage materials, carbon semi-conductors, and waste and water treatment.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 21 Nov 2013 09:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/148572/archer-explorations-shares-trade-higher-volume-50415.html
<![CDATA[News - Archer Exploration extracts graphene from Campoona graphite, South Australia ]]> https://www.proactiveinvestors.com.au/companies/news/148569/archer-exploration-extracts-graphene-from-campoona-graphite-south-australia-50321.html Archer Exploration (ASX:AXE) in collaboration with the University of Adelaide, has successfully produced a wide number of graphene and intercalated graphite products from raw Campoona graphite, and from Campoona medium-grade graphite concentrates.

Archer's shares are expected to rise on the news.

Materials produced from Archers graphite included graphene oxide sheets, nanosheets, membranes, powders, films, and electrodes.

The ability of Campoona graphite to deliver a wide spectrum of graphene and graphene-related products enhances Archer's opportunity to deliver two long term business arms.

Archer aims to produce high grade to ultra-pure fine natural flake graphite; and manufacture high tech, high-value graphene products.

Graphene is a one-atom thick layer of carbon that has outstanding mechanical, electrical, optical, thermal and chemical properties.

Its current known uses include as conductive formulations and inks, energy storage materials, carbon semi-conductors, and waste and water treatment.

Graphene has been known since the 1940's, however it was not until 1994 that two researchers, Geim and Novoselov from the University of Manchester, were able to isolate graphene from graphite.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 19 Nov 2013 13:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/148569/archer-exploration-extracts-graphene-from-campoona-graphite-south-australia-50321.html
<![CDATA[News - Archer Exploration testwork recovers >99% graphite concentrate from South Australia project ]]> https://www.proactiveinvestors.com.au/companies/news/148567/archer-exploration-testwork-recovers-99-graphite-concentrate-from-south-australia-project-46578.html Archer Exploration (ASX: AXE) has recovered graphite concentrates of more than 99% total graphitic carbon from bulk flotation work on samples from its Campoona Project in South Australia’s Eyre Peninsula.

Light acid washing of the 99.4% TGC bulk flotation products is in progress and is expected to increase the concentrate grade towards 99.9% TGC.

Over the next 6 weeks up to 10 kilograms of ultra pure concentrates will be produced through further bulk flotation tests, which will be introduced to specific market segments for assessment.

These initial marketing efforts may result in pre-commitments from prospective buyers.

With purity expected to rival synthetic graphite, but offering superior crystalline structure and high recoveries of about 90%, Archer may well draw buyers that require the ultra pure concentrates for high tech applications.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 09 Aug 2013 17:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/148567/archer-exploration-testwork-recovers-99-graphite-concentrate-from-south-australia-project-46578.html
<![CDATA[News - Archer Exploration testing polymetallic exploration target ]]> https://www.proactiveinvestors.com.au/companies/news/148566/archer-exploration-testing-polymetallic-exploration-target-36552.html Archer Exploration (ASX:AXE) has broadened its graphite focus to look at a number of long standing exploration targets in the Burra region of the Adelaide Fold Belt, in South Australia.

Cashed up with $11.7 million in October, main focus will stay with the Campoona Graphite Deposit.

A Maiden JORC Resource is expected in early December at Campoona.

Polymetallic Exploration Targets

Throughout 2009 and 2010 Archer defined a number of copper targets (World’s End and Robertstown), gold targets at Napoleon’s Hat and Watervale and manganese targets at North Burra (Ketchowla).

Of particular interest are the copper (polymetallic) targets - Mimic and Robertstown located on EL 4230 Worlds End.

Previous exploration on these polymetallic targets has consisted of soil sampling and rock chip sampling. An airborne EM survey conducted in October over Mimic and Robertstown has indentified conductive bodies that may reflect polymetallic mineral occurrences.

EL 4230 Worlds End

Worlds End EL4230 contains outcropping Skillogalee Dolomite which plays host to several local historical copper mines including the Burra Monster Mine (86,000t of refined copper produced) and the Princess Royal located to the west of EL 4230.

Historic mining shows two units within the Skillogalee Dolomite (Nms7 and Nms9) (Figure 1) to be important hosts for copper and polymetallic mineralisation (Cu ± Au ± Ag ± Pb ± Zn).

Future Work

Additional modelling of the raw EM data sets will be ongoing with a view to create sections for drill testing.

Landowner discussions have commenced with a view for drill access. Application is to be made to DMITRE to drill test the final targets in early 2013.

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Thu, 29 Nov 2012 09:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/148566/archer-exploration-testing-polymetallic-exploration-target-36552.html