AXE 0.00% 7.4¢ archer exploration limited

News: Archer Exploration doubles strike of graphite mineralisation in South Australia

  1. Archer Exploration’s (ASX:AXE) drilling has almost double the strike length of graphite mineralisation to 1.1 kilometre at the Wilclo South Project in South Australia’s Eyre Peninsula.

    The six reverse circulation holes totalling 519 metres also provided further evidence that the large flake characteristics of the graphite extends to at least this distance along the anomaly.

    Wilclo South currently has a JORC2012 graphite resource of 6.38 million tonnes at 8.8% Cg.

    The deposit remains open to the north and south for several kilometres.

    Waddikee EL4662 is located between the townships of Cleve and Kimba on Central Eyre Peninsula.

    The 999 square kilometre tenement is situated immediately north of Archer’s main graphite interests on EL4693 Wildhorse Plain.

    Waddikee has a number of graphite prospects that have been evaluated using combinations of geophysics (airborne magnetic and electromagnetic surveys), rock chip sampling and detailed petrology.

    Wilclo South which has a strong EM anomaly has been the focus of most of the previous drilling campaigns and the most successful within this tenement to date.


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