Ann: Response to ASX Price Query, page-2

Response to price query
We refer to a price query by the Australian Securities Exchange dated 23 July 2019.
In response to the specific questions of the price query and using the same numbering;
1. The Company is not aware of any information concerning it that has not been announced
which, if known, may explain the recent trading pattern in the securities of Archer
Exploration Limited. However, the Company has noticed an increase in share price and
share trading activity since the Company announced:
a. The assembly of the first nanoscale materials components of the 12CQ qubit
processor (chip) prototype (ASX announcement 26 June 2019).
b. Completion of the sale of the Sugarloaf farm land for $1.35 million cash (ASX
announcement 1 July 2019).
c. Identification of scheelite hosted tungsten on Archer’s Broken Hill tenements and
the application for a new tenement over a historic tin mining area (ASX
announcement 10 July 2019).
The Company has not provided any earnings guidance for the 12 months ending on 30
June 2019 and is not aware of any analyst forecasts regarding the same. The Company is
not aware of any information regarding earnings for the period ending 30 June 2019
that, in the Company’s opinion, “is likely to come as a surprise to the market”.
2. Not applicable.
3. The assembly of the first nanoscale materials components of the qubit processor
prototype was a major achievement of the Company. The technical development at the
heart of 12CQ is a world-first. The 12CQ developments and the identification of scheelite
hosted tungsten on the Company’s tenements may explain the recent trading in
Company securities.
4. Archer Exploration Limited confirms that it is in compliance with the ASX listing rules
and, in particular, with listing rule 3.1.
5. The Company confirms that this letter has been approved by its board


Nicely played - if you're gonna get a speeding ticket, may as well make your response a press release!