Archer Exploration (ASX: AXE)
When you have several cards up your sleeve, at least one of them is bound to impress investors.
For Archer Exploration (ASX:AXE), one trump card could soon see it score a winning hand.
With Australia’s largest graphite JORC Resource already in the bag, AXE has recently done a deal which gives it sole access to the world’s largest cryptocrystalline magnesite resource.
In fact it could have a binding magnesite supply agreement also in the bag as soon as Q2 2016.
Under the deal, AXE now effectively has 50% of the world’s total cryptocrystalline magnetise reserves in its sole control with a 453Mt JORC resource ready to be mined and sold.
Magnetise is a commodity you may not have heard too much about, but given its applications in modern manufacturing practice including for aluminium alloys, paper and even animal feed , it’s something that is essential in the modern world with demand growing substantially.
And the $6.7 million capped AXE believes it has a business case to add 0.5% of global supply.
The information contained on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
AXE has a world leading resource, agreements to fast track development and capital efficient toll processing opportunities.
AXE is well advanced on its magnesia ambition and it has the minerals to achieve it…