Archer Materials will begin US pilot plant tests next month on bulk halloysite-kaolin sample
Resulting halloysite and kaolin samples will be sent to potential downstream customers for product testing and verification purposes.
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ASX:AXE
Archer is a quantum technologies company developing solutions for next-generation computing, advanced sensing, and breakthrough medical applications.
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Resulting halloysite and kaolin samples will be sent to potential downstream customers for product testing and verification purposes.
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The company has strong intellectual property, world-class in-house expertise, a unique materials inventory, access to over $300 million of technology development infrastructure and broad-scope mineral tenements.
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Archer’s team and IBM staff will work closely together towards solutions for the widescale adoption of quantum computing technology.
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The company has been granted a trading halt until Tuesday, May 5, or until an announcement is released to the market.
Archer is a technology company that is developing materials in quantum computing, biotechnology, and lithium-ion batteries as well as exploring for minerals in Australia
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In-house expert Dr Martin Fuechsle has recorded a highly informative webinar answering many questions about ‘all things quantum computing’.
Rare earths & specialist minerals
As well as exploring for minerals, the company is primarily focused on developing materials in quantum computing, biotechnology and lithium-ion batteries.
The CSG material produced from the Eyre Peninsula Graphite Project has been successfully tested in lithium-ion battery prototypes.
The company is well capitalised to report about $2.2 million and no debt as at March 31.
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Test work by a leading kaolin minerals industry laboratory confirms the presence and morphology of long tubes of halloysite with high aspect ratio.
The company is developing materials in quantum computing, biotechnology, and lithium-ion batteries.
The company is performing quantum measurements required to build an operational room-temperature qubit chip prototype which has the potential to reduce commercial barriers to quantum computing and make it globally accessible.
Rare earths & specialist minerals
Metallurgical test work is continuing for the remaining Franklyn project samples, with results expected in the next 2-3 weeks.
The company plans to ride the wave of the growing $27 billion biosensor market with its unique biosensor technology.
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The Patent Cooperation Treaty (PCT) application will go through an examination process according to a set of standards accepted by all the 151 countries which are signatories to the treaty.
The new consultant is an experienced senior executive in corporate finance as well as mining and specialty industrial minerals.
Kaolin and halloysite are alumina-based clays, that can naturally occur intermixed, and are part of a $3 billion construction materials industry in Australia.
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Archer has expanded its chip building capabilities by securing access to world-class infrastructure, equipment and engineers in Switzerland.
The company is developing materials technology in quantum computing, biotechnology and lithium-ion batteries as well as exploring for minerals.
Shares are up more than 16% to 18 cents, a new 12-month high for the company, which has a market cap of approximately $32.9 million.
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Archer is focused on advancing both its materials technology business and its' minerals exploration business.
Greg English has purchased shares valued at $15,000 in the share purchase plan which raised $1.99 million.
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By raising funds through an SPP the company is rewarding its current shareholders with an opportunity to increase their investment.
The sample collected appears to be consistent with the results from early explorers and confirms the presence of the previously discovered kaolin mineralisation.
While Archer builds an industry-leading materials technology company, it continues to progress its minerals exploration portfolio featuring graphite, kaolin and nickel projects.
A Program for Environment Protection and Rehabilitation has been submitted to the South Australian Government.
Archer provides shareholders with exposure to financial returns from innovative technologies and the materials that underpin them.
The company’s next steps include manufacturing a commercially viable graphene-based biosensor technology and registration of a full patent application protecting the underlying materials technology IP.
The prototype demonstrates a key early-stage milestone validating the viability of graphene inks’ functionality and use for biosensor applications.
Drilling is expected to be completed by Wednesday with assay and test results expected progressively over the next 4-6 weeks.
The 12CQ carbon-based quantum computing chip aims to make quantum computing more practical and accessible.
All approvals are in place with drilling at Franklyn to commence within the next 2-3 weeks.
Archer Exploration recently changed its name to Archer Materials to reflect the company’s highly focused materials technology related activities.
ASIC has put through the company’s shareholder-endorsed name change.
The Albion Downs Nickel Project is about 18 kilometres northwest of BHP’s Mount Keith Nickel Mine.
The company also observed outcropping kaolin outside of the Kelly Tank and Bunora exploration targets.
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Owing to the success of conference participation, the company is engaged in discussions with conference organisers to present and exhibit at the next event in London during April 2020.
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Archer will be attending the Quantum.Tech Global Business Conference & Exhibition in Boston, Massachusetts, USA, from September 10-11.
Chip commercialisation to continue through the prototyping of hardware componentry into a proof-of-concept minimum viable chip product.
Archer intends to undertake shallow aircore drilling and metallurgical test work to verify past exploration results.
Inspired by a rising gold price, Archer will seek a partner for exploring its Bartels epithermal gold prospect.
In addition the Campoona graphite project, advanced materials and the development of quantum computing technology remains a core focus of the company.
Tungsten and tin would complement the company’s exploration for valuable commodities required for expanding energy and technology markets.
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The company’s share price has increased about 63% over the past month, last trading at 13 cents.
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The company is well-funded to continue developing the 12CQ carbon-based quantum computing chip.
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The 12CQ carbon-based quantum computing chip aims to make quantum computing more practical and accessible.
The company’s securities will remain in trading halt until the beginning of trade on Wednesday June 26 or when an announcement is made.
The company has rights to develop and commercialise quantum computing technology IP, including the 12CQ quantum computing chip.
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The company’s carbon-based quantum computing chip will integrate critical materials sourced from the inventory of Carbon Allotropes, a wholly-owned subsidiary of Archer.
The company is now turning its attention at the project to identifying new exploration targets.
The graphite from Archer’s Campoona Graphite Deposit in South Australia is structurally near perfect, even after mechanical and chemical processing.
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As part of its advanced materials strategy, the company is progressing a graphite-to-graphene beneficiation strategy.
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The company’s shares are trading about 4% higher intra-day, at 7.3 cents.
95% and 99%+ total carbon content (TCC) flake products have been converted into spherical graphite by small-scale mechanical mill processing.
Results show Hawkeye and Katniss are more gold-rich than Hood prospect indicating these prospects are further from the source of the Hood intrusion or are from a separate more gold-rich intrusion.
Last week, Archer intersected strong copper-gold mineralisation at its Blue Hills Project in South Australia.
The RC drilling program at Blue Hills is completed for all three prospects with the company expecting to receive results from its Hawkeye and Katniss targets by the end of the month.
The company is the sole applicant of the patent and maintains 100% ownership of the patent and intellectual property.
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As part of its advanced materials strategy, the company is progressing a graphite-to-graphene beneficiation strategy.
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‘Subject to finance’ condition has been satisfied in the sale of Sugarloaf farmland in South Australia.
Drilling at the project continues with additional assay results pending.
The maiden drilling provides an important vector into the target zone at the Hood prospect to be tested with subsequent holes.
The company aims to develop intellectual property from the University of Sydney.
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Shares in the company are up 29% intraday, last trading at 8.4 cents per share.
The upcoming Blue Hills Copper Gold Project drilling and Quantum Technology development work are now fully funded.
The company is focused on quantum technology, human health, and reliable energy.
The company’s chairman confirmed Archer is considering divestment alternatives for its non-graphite assets.
The spin-out to a newco is no longer on the cards.
The company, which is spinning out its exploration assets, will draw on printable graphene components derived from its Campoona graphite deposit in South Australia.
A geology team is on site implementing a high-level exploration plan to determine an inaugural drilling program.
The halt will remain in place until Monday 11th December 2017.
Field work has commenced with results expected during the coming months.
The worldwide consumption of graphene is expected to grow exponentially.
Archer raised $1.89 million this month from a share placement.
The project is located in a highly prospective area for cobalt.