excerpt from announcement 24 March 17 "Campoona Mining Lease...

excerpt from announcement 24 March 17

"Campoona Mining Lease Archer is pleased to announce that the public submission phase of the Campoona mining lease application (MLA) is completed. The MLA covers the Campoona Shaft graphite deposit and includes applications for licences for associated graphite processing infrastructure at nearby Sugarloaf. The decision by Archer to proceed with the MLA follows the completion of a highlevel Scoping Study (ASX announcement 19 September 2016) that supported Archer’s future development of the broader Eyre Peninsula Graphite Project. The Scoping Study found the project is capable of producing ultra-pure and ultra-fine battery grade graphite as well as being suitable for graphene manufacture. The 140,000tpa mine would have an initial pre-production capital cost of just A$36 million with options for further expansion but over its 17-year mine life, would return indicative revenue of A$858 million. The MLA process is progressing as planned and Archer is anticipating the grant of a mining lease sometime in mid-2017."


This has been a long ongoing process.  Company may consider the final approval phase by Govt a major milestone, which would account for trading halt.

That is what I am telling myself- Self, all will be fine!