I am new to graphite industry and trying to learn from research and reading articles. I can't give expert opinion on company's recent exploration results. However, while searching for news, I found an interesting presentation on "the Natural Graphite Industry in 2012" and though to share.
http://americanresources.org/wp-content/uploads/2012/12/Industrial-Minerals-Data-Report.pdf
I think that Archer can produce vein graphite (slid-3). At the moment, the vein graphite is producing only in Srilanka with production less than 1% and likely AXE will join this club along with flake graphite production. I would think ROI on graphite assets will be very high if the company target concentration above 99%. The high quality graphite cost over 10x the graphite with less than 95% C concentration.
Here is another article on proactiveinvestors about Australian graphite players.
http://www.proactiveinvestors.com.au/companies/news/29314/australian-graphite-players-take-market-by-storm-syrah-resources-monax-mining-kibaran-nickel-29314.html
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exceptional metalurgical results, page-61
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