ARCHER MATERIALS LIMITED — AGM Information 2008

Oct 28, 2008

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Annual General Meeting 29[th] October 2008

Project Update

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Disclaimer

Competent persons statement

The exploration results reported herein, insofar as they relate to mineralisation, are based on information compiled by Mr. Wade Bollenhagen, Exploration Manager of Archer Exploration Limited. Mr. Bollenhagen is a Member of the Australasian Institute of Mining and Metallurgy who has more than fourteen years experience in the field of activity being reported. Mr. Bollenhagen consents to the inclusion in the report of matters based on his information in the form and context in which it appears.

Forward looking statements

The information in this presentation is published to inform you about Archer Exploration Limited and its activities. Some statements in this presentation regarding estimates or future events are forward looking statements.

Although Archer Exploration Limited believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results and outcomes will be consistent with these forward-looking statements.

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Background

• ASX listed iron ore, base metals, gold and phosphate, explorer

• portfolio of wholly owned projects in the highly prospective Gawler Craton and Adelaide Fold Belt regions of South Australia

• has an experienced board and management team and has the ability to maximise the potential of the Company’s projects

• $5.7M cash in bank (30 September 2008).

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Quality tenements

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• 7,047 km[2] of tenements

• All tenements100% owned and All located near major towns, rail, power, gas and transport corridor.

• West Roxby and Carappee Hill have been the main early exploration targets.

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Activities since listing

• Prepared Evelyn Dam and other West Roxby project targets for drilling.

• Increased the prospective tenure by 1,600 km[2] by applying for tenements at Wilmington and south of Burra.

• Extended known copper and gold mineralisation by 1km along strike at Carappee Hill.

• Identified magnetite potential at Jamiesons Tank.

Historical silver mine at Worlds End

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West Roxby

• Completed geophysical surveying of target areas.

• Commenced Native Title Clearance Surveys with traditional owners.

• Drill approvals granted from PIRSA.

• PACE funding for $45,000 for .

• Evelyn Dam drill expenditure

Field Work at West Roxby

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Evelyn Dam

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• Two diamond drill holes to be drilled late 2008 to early 2009.

• Native title clearances are continuing.

• All onsite logistics are completed.

• Drilling contractor to be finalised.

Magnetic image with gravity outline

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Carappee Hill

• Known manganese mineralisation.

• New discovery of significant iron mineralisation.

• Significant gold and copper discoveries made by Company with 2km strike length.

• Completed 2,000 metres of RC drilling.

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Carappee Hill - Manganese

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• Manganese occurs over 3km strike length.

• 24 metres at 12% manganese was intercepted by Archer in hole CHRC014 (including 4m at 18% manganese from 79m downhole)

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Carappee Hill - Iron

• New iron discovery on Eyre Peninsula.

• Initial recoveries of up to 36% for a grade of 65% iron are achievable, (CHRC001)

• More test work is required to improve the magnetite separation and reduce the silica in the concentrate.

• Magnetite hosts appear similar to that at the OneSteel Project Magnet.

• Deeper holes are required to fully test the magnetite mineralisation.

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Carappee Hill - Regional

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Carappee Hill - Magnetic image

• Significant magnetic units - a source for magnetite.

• Rocks show considerable strain – structures are ideal sites for mineralisation.

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Carappee Hill – Copper and Gold

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Significant Drilling Intercepts

CHRC010

• 105 to 113m averaging 0.15g/t gold, 0.15% copper and 8g/t silver.

CHRC016

• 32 to 36m averaging 0.3% zinc.

CHRC017

• 64 to 68m averaging 0.36g/t gold and 0.02% copper.

CHRC012 (not shown)

Mineralisation envelopes for Bender Prospect cross-section.

• 48 to 56m averaging 0.16g/t gold, 0.14% copper

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Gold Mineralisation

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• A local mineralised structure with possibilities of a Hiltaba granite providing metal enriched fluids.

• Mineralised fluids anomalous in gold and copper.

• Historical drilling by Goldstream intercepted 1m @ 1g/t near surface, this indicates that the structure has potential for hosting higher gold grades.

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Carappee Hill- targets to be developed

• Pindari magnetic anomaly, (Pb, Cu, Zn, Ag, Au), the NW to SE structures that are the circular feature are intercepted by highly

• attractive for the precipitation of metals.

• Extensions to the Argent Mine (Pb, Zn, Ag) on Eastern side of tenement.

• Other opportunities on the tenement to be systematically explored for.

Gold mineralised rock at Bender

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Wilmington

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• Granting of north and south tenements expected November 2008.

• Prospective for copper and gold.

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Spring Creek Mine, Wilmington

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Metal Potential

• Adelaide Hills have numerous old copper workings from down south to north of the Flinders Ranges.

• Tenements have potential for economic metal deposits.

• Geological environment is favourable for primary copper mineralisation at depth.

• Historical stream sampling identified multiple locations reporting 0.1g/t gold or above.

• • Historical manganese reported exposed at surface.

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Wilmington – Spring Creek Copper

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Historical diamond drilling in 1969 recorded an interval of 21m at 1.8% Cu, outside of historical mine workings at Spring Creek.

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Worlds End

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Located 15km southeast of Burra, home to a significant historical copper mine.

Favourable geological setting for copper mineralisation, with known historical mines present on the tenement. Phosphate mined from Fairview . Mine in early 1900s

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Worlds End- targets

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• Aeromagnetic data indicates the underlying geology is structurally complex, which is important for ore body development.

• The black lines represent contacts, folds and faults. All of which are promising sites for metal mineralisation, such as copper and gold. • The yellow stars highlight sites of interest to Archer.

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Cariewerloo and South Gawler Ranges

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• Reconnaissance field work has begun on both tenements.

• Meeting local landholders and inform them of Archers exploration intentions.

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• Determine access for future exploration programs.

• These programs will include

• sampling of soils and rock outcrops.

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Board of Directors

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Greg English LLB, BE (Mining) Executive Chairman

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Tom Phillips
AM MBA FAICD
Director (non-executive)
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Alice McCleary BEc FCA FTIA FAICD Director (non-executive)

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Gerard Anderson Assoc. Applied Geology, Grad Dip Bus.MSc Director (non-executive)

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Management Team

• Mr. Wade Bollenhagen - Exploration Manager

• 14 years of experience in mineral exploration, assessment and mining.

• Experience gained in Western Australia, South Australia, Queensland and Africa

• Dr. David Tilley – Exploration Geologist

• 15 years as a mineralogist/geologist.

• Experience gained in Tasmania, New South Wales and South Australia

• Mr. Claude Walter – Senior Field Supervisor

• 20 years of experience in mineral exploration, surface and underground mining.

• Experience gained in Western Australia and South Australia

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Thank you