Archer Exploration Ltd.: Former Executive of QMAG Appointed to the Board of Directors
08.02.2016 | ABN Newswire
Adelaide, Australia (ABN Newswire) - One of the executives behind driving Queensland's magnesia industry, Mr Paul Rix, has been appointed to the Board of Adelaide-based graphite and magnesia developer, Archer Exploration Ltd. (ASX:AXE).The appointment of Mr Rix as a new non-Executive Director of Archer comes at a time the Company is well advanced in developing its hub of graphite projects on SA's Eyre Peninsula as well as its substantial magnesite holding near Leigh Creek in the State's north.
The Company has been in close talks with the SA Government and other providers about accessing the nearby Leigh Creek coal mine infrastructure to bring the magnesite deposit into production as soon as possible.
The infrastructure opportunity arose only late last year with the formal closure of the Leigh Creek coal operations.
Mr Rix is an experienced mining professional with more than 30 years' experience in the marketing of industrial minerals and products. From 2003 - 2013, Mr Rix worked for Queensland Magnesia Pty Ltd (QMAG) as General Manager Marketing where he was responsible for the development and implementation of QMAG's long-term marketing strategy, focusing on diversification of magnesia products and markets whilst maintaining high plant utilisation. His magnesia marketing responsibilities stretched across six continents and more than 30 countries.
In addition to considerable magnesite experience, Mr Rix has provided graphite marketing services in Australia and has successfully negotiated offtake agreements with graphite customers.
He will initially assist Archer in identifying magnesia markets and customers as well as supporting development of Archer's SA graphite and magnesite projects.
Archer Chairman, Mr Greg English:
"Archer has been looking to increase the capabilities of the management team as our graphite and magnesia projects near production and the appointment of Mr Rix is consistent with this strategy.
"Directors are pleased to have an industrial minerals professional of Mr Rix's calibre join the Board. His magnesia and graphite industry knowledge and industry contacts will complement the work already undertaken by Archer, as we move our projects towards production."
About Archer Exploration Limited:
Archer Exploration Ltd. (ASX:AXE) is an Australian Stock Exchange listed company with 100% ownership of 15 tenements and one Exploration Licence Application all in South Australia covering 6,053 km2.
Archer also has the rights to all minerals other than uranium on EL4693 covering a further 816 km2. Archer's main project is the Campoona Graphite Project which is located within reach of established and major developing infrastructure. It has a JORC 2004 Resource of 5.27 million tonnes @ 7.6 % TC (based on 2% TC cut-off).
Contact:
Archer Exploration Ltd.
Mr Greg, English Chairman
Tel: (08) 8272 3288
Mr Gerard Anderson, Managing Director
Tel: (08) 8272 3288
