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Archer Exploration Update on Eyre Peninsula

Metal News - Published on Thu, 22 Aug 2019

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Archer Exploration Limited announced a maiden Exploration Target for its Eyre Peninsula High Purity Alumina Project located 12km south of Kimba, South Australia. The EPHPA Project area is approximately 150km south east of Andromeda Metals Ltd Poochera Project and is within close proximity to existing power, water, road, rail and other critical infrastructure.

A review of historical drill results has resulted in the establishment of a maiden kaolin Exploration Target of 55Mt - 130Mt at a grade of 33 - 36% Al203 (-53 pm size fraction) for the EPHPA Project. Kaolin is an aluminous clay that is used as the feedstock for high purity alumina production. Investors should be aware that the potential quantity and grade of the Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

1. Substantial Exploration Target reported for the Eyre Peninsula High Purity Alumina Project.
2. Mineralisation outcrops and is easily accessed.
3. The Exploration Target is based on historical exploration results.
4. Additional High Purity Alumina occurrences recorded within the Archer tenement area that have not been included in this Exploration Target provides exploration upside.
5. The EPHPA Project is located 150km south east of Andromeda Metals' Poochera Project, 115km west of the Whyalla port and in close proximity to road, rail and other critical infrastructure.

Commenting on the Project, Archer Executive Chairman Mr Greg English said that "We have been pleasantly surprised by the recent increase in merger and acquisition activity within the HPA sector. On the Eyre Peninsula we have declared a large HPA Exploration Target that is based on a relatively conservative interpolation of grade and tonnage from historical drill results”.
"The Exploration Target only includes Kelly Tank and Bunora and does not include other known kaolin occurrences within the area of Archer’s Eyre Peninsula tenements.”

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Posted By : Amom Remju on Thu, 22 Aug 2019
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