Adelaide, Australia - Archer Exploration Ltd. (ASX:AXE) announces that Mr Gerard Anderson has resigned as Managing Director of the Company effective 30 June 2016, when his contract ends.
Gerard has been instrumental in the progression of the Company's exploration projects and in particular the development of the Eyre Peninsula Graphite Project, host of the Company's Campoona Shaft, Central Campoona and Wilclo South JORC Graphite Resources.
Executive Chairman, Mr Greg English said "Gerard has been a director of the Company since July 2008 and held the position of Managing Director at Archer since October 2010 and during that period has made a significant contribution to positioning the company for future growth".
The Board of Archer would like to thank Gerard for his service to the Company and wishes him the best with his future endeavours.
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).
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Adelaide, Australia - Archer Exploration Ltd. (ASX:AXE) announces that Mr Gerard Anderson has resigned as Managing Director of the Company effective 30 June 2016, when his contract ends.
