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Archer Resources is a 100% owned D’Aguilar subsidiary specifically created to target a new Porphyry Copper Gold Molybdenum province in Queensland.
The resurgence of market interest and prices for molybdenum in the last 5 years has been driven by a global growth in energy and llogistic infrastructure, a major sector of the molybdenum consumption market. This increase in demand has driven a renewed exploration effort by Archer Resources into a commodity which is poorly understood and largely overlooked in Queensland by other exploration companies and as a result will establish Archer Resources as the market leader in this commodity.
Archer Resources have several projects in South East Queensland and is planning an IPO and ASX listing early 2011.
Highlights;
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Low grade copper mineralization outside the high grade structures |
High grade Bornite-Chalcopyrite copper sulphides infilling breccia |
Low grade copper mineralization outside the high grade structures |
High grade Bornite-Chalcopyrite copper sulphides infilling veins |
