RELEASE
CAMPOONA HEADS OF AGREEMENT
Archer Exploration Limited has entered into a legally binding Heads of Agreement for the purchase of land at Campoona Shaft (“Campoona Property”) which hosts the Company’s Campoona Shaft Graphite Project.
The Heads of Agreement will lead to the completion of the Campoona Land Sale Agreement which is expected to be completed during July/August 2013.
Final purchase of the land will occur on subdivision.
The Campoona Land acquisition is an important next step towards developing the Company’s Eyre Peninsula Graphite Projects.
Archer now owns all of the land required for the development of the Company’s Campoona Shaft and Sugarloaf Graphite Projects.
campoona heads of agreement
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