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Archer Exploration Ltd

Archer Exploration executive chairman buys more shares

Last week, Archer intersected strong copper-gold mineralisation at its Blue Hills Project in South Australia.

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The company recently registered a provisional patent

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.

Quick facts: Archer Exploration Ltd

Price: $0.13

Market: ASX
Market Cap: $25.62 m
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