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Archer Exploration's shares trade higher volume

Archer Exploration's shares trade higher volume

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.

 

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