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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…

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Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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