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36.5¢ archer materials limited

I agree could be nice, but why no drilling below graphite to...

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Sirbagsalot

385 Posts.

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30/06/15

11:21

Post #: 15554152
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Originally posted by derosie ↑

Tank manganese deposit, the presence of highly anomalous barite (up to 10%) and the presence of significant sulphur (stratified?) that increases with depth all point to Sugarloaf graphite being a part of a larger Iron Sulphide-Copper-Gold (ISCG) system. This opens the opportunity that beneath the 40 metre thick carbon-rich layer there is excellent potential for sulphide base metals mineralization.

So we remove the graphite for a neat little profit and then we are ready to mine the copper/zinc....... wouldn't that be nice.
So nice that I will try and double up today..... sell, sell, sell everybody, it's the EOFY sale.

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I agree could be nice, but why no drilling below graphite to discover what is actually there, if they are confident?

AXE Price at posting: 9.3¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 36.5¢		Change -0.025(6.41%)		Mkt cap ! $93.01M

Open	High	Low	Value	Volume
40.0¢	41.0¢	36.5¢	$297.6K	777.1K

Buyers (Bids)

No.	Vol.	Price($)
1	9999	36.5¢

Sellers (Offers)

Price($)	Vol.	No.
37.5¢	20000	2

View Market Depth

No.	Vol.	Price($)
1	9999	0.365
5	61042	0.360
1	20000	0.355
7	43931	0.350
1	869	0.345

Price($)	Vol.	No.
0.375	20000	2
0.395	10000	1
0.400	19622	2
0.410	21973	4
0.415	44587	1

Last trade - 16.10pm 06/06/2024 (20 minute delay)


Last 37.5¢			Change -0.025 ( 6.25 %)
Open	High		Low	Volume
40.5¢	41.0¢		37.5¢	280596
Last updated 15.58pm 06/06/2024 ?

AXE (ASX) Chart