mind boggling potential really, page-10

tetlom,world buyers will now be looking at axe,value in bank 13.5 cents,so company only valued at 4c,big changes here,this will be a money tree.
Archer Exploration delivers ultra pure graphite concentrates at Campoona
Friday, March 08, 2013 by Proactive Investors


Archer Exploration delivers ultra pure graphite concentrates at Campoona

Archer Exploration (ASX:AXE) has achieved finely crystalline natural graphite concentrate of greater than 99% following initial testing of its Campoona graphite project in South Australia.

The results were achieved from conventional mechanical cell floatation and the graphitic carbon completed using Thermogravimetric Analysis.

Simple metallurgical processing means that Campoona graphite can be prepared from mechanical float cells typically at =98% carbon (TGA) with limited beneficiation to deliver in excess of 99% carbon.

While high tech applications that require graphite grading of greater than 99.95% TGA typically rely on synthetic graphite, Campoona provides natural graphite at grades to rival synthetic graphite, while delivering high crystalline graphite.

Synthetic graphite is expensive to produce and typically trades at prices greater than US$7,000/t.

But Campoona can deliver very high quality natural graphite powders from a low cost, high yielding extractive process, where unit margins are likely to give the project robustness in almost any price regime.

Since October 2012 the Company has undertaken rigorous metallurgical bench-scale testing of representative diamond drill core samples of Campoona graphite.
Several successive tests have delivered -75 micron graphite concentrates grading =99% carbon.

The next phase will be to replicate the bench-scale results using scale-up testing. Scale-up testing will deliver many kilograms of final product for diagnostic testing and distribution to selected end users.

The company spent $548,000 on exploration and evaluation last quarter and had a cash balance of $11.19 million. There is potential for share price upside as tts shares trading at 17.5 cents have a cash backing of 13.5 cents, leaving its assets valued at a mere 4 cents per share.