Archer boards the magnesia train
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Archer Exploration (ASX:AXE) has signaled that it’s moving into the magnesia space lock and stock by hiring one of the finest magnesia minds in the country.
It told its shareholders this morning that it had hired Paul Rix as a non-executive director, pointing to his decades of experience in the magnesium game as the chief reason for the hire.
Rix has more than 30 years in the marketing of industrial minerals, including a 10 year stint at Queensland Magnesia as its general manager of marketing.
He was responsible for finding key industrial end-users for the company’s magnesia, discovering sales contacts in six continents or more than 30 countries.
Crucially, he also has experience in marketing graphite, AXE’s chief play.
AXE has increasingly focused on its magnesite deposits at Leigh Creek in South Australia as a result of Alinta closing coal operations in the area.
Last year Alinta confirmed it was moving away from its operations in the area, leaving vital infrastructure behind.
Since that time, AXE has been in talks with the South Australian government about possibly using some of this infrastructure.
“Development of this valuable resource has previously been restricted by both the lack of infrastructure and the inability to access existing Leigh Creek coalfield infrastructure,” AXE managing director Greg English previously said.
“However, Alinta’s decision to close the Leigh Creek coalfield from next week means that its railway line and associated infrastructure is potentially available to Archer.”
The hiring of Rix is another sign that far from a fleet of fancy from AXE, it is increasingly eyeing its magnesia project as a real option to offset its graphite play to the south.
Archer Exploration has a string of resources projects based on the Eyre Peninsula in South Australia.
Known predominantly as a graphite play, it has other projects on its plate including gold, magnesia, and copper.
AXE currently has its foot on a resource of 8.55 million tonnes @ 9% graphite content for 770,800 tonnes of contained graphite – the biggest resource in Australia.
Campoona is thought to be the most advanced graphite play for AXE, with plans for a 10,000 tonne per year processing centre at Sugarloaf on the cards.
The plan is to mine for 14 years, but this doesn’t include any exploration upside.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.