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.