Ann: Positive results from SA Graphite Project scoping study-AXE.AX, page-75

Is this why?

- Graphite from the Sugarloaf deposit on Eyre Peninsula:

* Can be used as a natural nutrient soil conditioner
* Improves water retention of the soil
* Contains and releases a range of macro and micro nutrients essential to plant growth

- Macro and micro nutrients are present in both soluble and slow release forms

- No processing of the Sugarloaf graphite resource is required

- These results enhance the prospects of a second graphite project in addition to the high purity, battery grade graphite found at Archer's neighbouring Campoona, Central Campoona and Lacroma deposits.

Archer's Managing Director, Mr Gerard Anderson, said "The latest test results from our Sugarloaf deposit support the previous findings and the possible development of the large deposit as a low cost, but potentially high value agricultural product.

"This has the potential to be a second commercially viable graphite project in addition to our high quality, battery grade graphite that we have found at the Company's neighbouring Campoona, Campoona Central and Lacroma projects," Mr Anderson said.