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Archer Exploration Ltd.
Summary
| Project: | Eyre Peninsula | |
|---|---|---|
| Deposit: | Eyre Peninsula | |
| Location: | Australia | |
| Commodities: | Alumina | |
| Date: | 8/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-8-2019: Archer Exploration Ltd. announces a Resource Estimation report for its Eyre Peninsula deposit at the Eyre Peninsula project. Exploration target calculated for project. Archer Exploration Limited (“Archer”, “Company”) is pleased to announce a ma | |
| Resources: | Exploration Target: 55 - 130Mt @ 30 - 36% Al2O3 | |
| CP/QP: | [Overall Report]: Wade Bollenhagen (Internal) | |
| ABSTRACT: | Archer Exploration Limited (“Archer”, “Company”) is pleased to announce a maiden Exploration Target for its Eyre Peninsula High Purity AluminaProject (“EPHPA Project”) located 12km south of Kimba, South Australia. The EPHPA Project area is approximately 150km south east of Andromeda Metals Ltd (ASX:ADN) 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% Al2O3 (-53 µm 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. The Exploration Target only includes the Kelly Tank and Bunora kaolin prospects (Fig. 1) and does not include other known kaolin occurrences within Archer’s Eyre Peninsula tenement area. These other targets include Bunora East, Bunora West (Fig. 4). The Exploration Target is based on historical drilling, across 72 percussion drill holes, and auger drilling undertaken by Pechiney (1968 - 1971) and CSR (1971 – 1973). This historical drilling and trenching intersected substantial widths of high purity alumina (HPA) mineralisation over an extensive area. The initial exploration work was focussed on the exploration for kaolin for use in paper manufacture rather than for HPA production. | |
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