Ann: Quarterly Activities Report, page-3

Corporate Quarterly Report Archer Materials Limited (ACN: 123 993 233)
ASX Announcement (ASX: AXE) 27 July 2021 Fourth Quarter Activities Report For the three months ending 30 June 2021

Significant Activities
• The Company is well capitalised with approximately $6.24 million cash and no debt.
• New quantum computing agreement signed with IBM.
• Archer to collaborate with Australian Defence Prime NIOA.
• Progress with Max Kelsen in the development of Quantum Neural Networks.
• 12CQ chip development advances with sophisticated qubit control device modelling.
• Semiconductor nanofabrication capabilities and access to deep-tech infrastructure expanded, allowing co-located development of Archer’s 12CQ chip and biochip.
• Completion of the sale of two Eyre Peninsula tenements to ChemX Materials and the sale of all remaining mineral tenements to iTech Minerals.
• Completion of the sale of all remaining tenements should allow Archer to change its GICS code to “Semiconductors” and seek inclusion in the S&P/ASX All Technology Index.