ARCHER MATERIALS LIMITED — AGM Information 2010

Nov 10, 2010

ARCHER EXPLORATION LIMITED

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Annual General Meeting
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11 [th] November 2010
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www.archerexploration.com.au

ASX : AXE

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 sixteen 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‐ lookin g 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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Management

Board

• Greg English LLB, BE (Mining)

Chairman

• Tom Phillips AM MBA, FAICD

• Alice McCleary BEc FCA FTIA FAICD

• John Dawkins AO BEc, RDA

Director (non‐executive) Director (non‐executive) Director (non‐executive)

Management Team

Mr Gerard Anderson Assoc App Geol, MSc, Grad Dip Bus – Managing Director ‐ Geologist with 36 years experience in exploration and mine geology including 20 years in senior mining management roles.

Mr Wade Bollenhagen ‐ Exploration Manager : BSc (Hons) ‐ Geologist with 16 years experience in mineral exploration, assessment and mining.

Mr Claude Walter – Senior Field Supervisor ‐ 20 years experience in mineral exploration, surface and underground mining.

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Archer (AXE)

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Listed on the ASX 14 [th] August 2007
Share Price (Nov 9 [th ] ) $0.15
Shares 64.42m
Market Capitalization $A9.66m
Cash on Hand (30/10/10) $A3.41m
Top Five Shareholders as at 9 [th ] Nov 2010 Shares
1. Raffles Equities Ltd 18.01%
2. GDE Exploration (SA) Pty Ltd (Dragon Mining Investment A/C) 11.69%
3. GDE Exploration (SA) Pty Ltd (A1 English Family) 5.54%
4. Valentina Nowak 4.05%
5. UraniumSA 3.10%
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Company Assets

Tenements

• 100% interest in 15 tenements covering 8,939 km[2 ] over the West Roxby, Northern Eyre Peninsula and Adelaide Plains areas.

• • ‐ 100% interest in 3 ELA’s covering 501 km[2] expect to be granted late 2010/early 2011.

Joint Venture

JV with OMM Holdings over the manganese and iron within EL3711 Jamieson Tank

Farm‐In

Farm‐in with Uranium SA whereby Archer can earn 100% of the rights to all minerals other than uran um on i EL3377 (Wild H orse a nsPl i ) and EL3653 . (Elbow Hill) covering 895km[2]

Advanced Project

• Le gi h C reek Magnes tei

• Cash at 31[st] October 2010

• $3.41million

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2010 Highlights

Leigh Creek Magnesite

EL4567 Termination Hill granted 20/9/10. ELA 173/10 Witchelina pending approval.

Joint Venture

JV with OMM Holdings over the manganese and iron within EL3711 Jamieson Tank

Wild Horse Plains Farm‐In

Identification of Manganese at Salt Creek (>20% Mn) and Miltalie. High grade hematite identified at High Bluff and Mt Desperate (>60% Fe).

Ketchowla

Drilled extensive manganese occurrences at North Burra with best intercepts of 6m @ 21.9% Mn and 8m @ 15.6% Mn in five (5) main mineralised areas.

Watervale Gold

Rock chip sampling outlined gold anomalism within the Watervale Sandstone to 6.42g/t Au. Sugarloaf Graphite

CHRC010 36m @ 14.0% Total C (including 8m @ 22.9% Total C) ; CHRC016 28m @ 15.9% Total C and CHRC017 20m @ 13.1% Total C .

North Cowell

Rock chip sampling indicated copper anomalism to 11% Cu.

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Strategic Framework

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Actual
1
Archer is an exploration company. The Reserve ≈ 100%
principal assets of the Company are its Mt Hutton
mineral tenements and mineral deposits. Magnesite
Resource 3 ≈ 70%
Mt Playfair
Shareholder value is increased by;
Pug Hill
Termination Hill
‐
moving projects up the
development pyramid, 0 ≈ 30%
Advanced Exploration Project
‐
joint ventures,
‐ Cost Probability of
project acquisition,
‐ asset sale. Ketchowla Mn / REE 7 Development
Mineralised Project <5%
Watervale Au
WHP Fe / Au Bender Au/Cu
Nth Cowell Cu
Sugarloaf Graphite Salt Ck Mn
Geophysical / Geochemical Anomaly 3
Island Lagoon IOCG
Pindari Ni / REE
Apollo U Evelyn Dam IOCG
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Tenement / Geological Target
3 ELA’s
Napoleon’s Hat
18 Granted Tenements
Concept / Project Review Industrial Minerals – West Roxby 5
Magnesite, Graphite
Commodity Reviews Strategic Minerals REE
7
Low Probability Success High Probability
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Key Exploration Projects

Manganese/Iron

Magnesite

Eyre Peninsula Adelaidean

Jamieson Tank Ketchowla 100% Nth Cowell 100% Neales Flat 100% Wild Horse Plains Kanyaka 100% Stone Hut 100% TARGET Mn/Fe Deposits TARGET High grade DSO Area 1,042 km[2] Area 2,466 km[2]

Termination Hill 100% Area 542 sq km Witchelina ELA*173/10 Area 420 sq km TARGET High grade magnesite

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Secondary Exploration Projects

Gold

Graphite

IOCG

Nickel Uranium

Burra Nth 100% Carappee Hill West Roxby Area 814 sq km 100% 100% Area 54sq km Area 4,421 sq km Riverton 100% Area 318 sq km Wildhorse Plains Wildhorse Plains Area 895 sq km Area 895 sq km Napoleon’s Hat ELA 100% Area 46 sq km

Pindari 100% Apollo 100% TARGET TARGET disseminated Unconformity sulphides ± U3O8 REE

Rock chip samples grading to 11% Cu have been recovered from North Cowell EL 4277. Exploration is at a very early stage.

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Key Exploration
Targets
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Manganese
5
1 Jamieson Tank Mn Prospect
2 Wild Horse Plains Prospect
3 Ketchowla Manganese Prospect
4 Neale’s Flat Manganese Prospect
3
2
5 Kanyaka Iron & Manganese
1
6 Stone Hut Manganese
4
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1. Jamieson Tank Manganese Project

Drill Results

WMC (1993) Manganese/Iron

SJPC41 11m @ 13% Mn: 27.5% Fe from 12m 5m @ 13.6% Mn: 19.0% Fe from 41m SJPC42 4m @ 18.9% Mn: 14.5% Fe from 7m 4m @ 17.6% Mn: 15.0% Fe from 39m

SJPC45 5m @ 12.3% Mn: 12.3% Fe from 37m SJPC46 7m @ 10.9% Mn: 23.4% Fe from 13m SJPC47 10m @ 12.4% Mn: 37.8% Fe from 17m. SJPC48 3m @ 22.8% Mn: 15.2% Fe from 7m

Archer (2008)

CHRC014 9m @ 16.1% Mn: 12.3% Fe from 41m 24m @ 12.0% Mn: 13.0%Fe from 61m

OMM (2009)

JTRC130 5m @ 14.6% Mn & 8.0% Fe JTRC133 6m @ 15.0% Mn & 10.7% Fe JTRC141 10m @ 12.6% Mn & 20.0% Fe

Jameson Tank is the subject of a Farmin Agreement with OMM Holdings Limited whereby OM Manganese Limited (a wholly owned subsidiary of OMH) can earn up to a 60% interest in the iron and manganese mineral rights by committing $600,000 in exploration expenditure over 4 years 11 commencing June 2010.

2. Wild Horse Plains Mn e ro ecP t /F j Early Stage Exploration

Mn ‐ 2 targets defined 1. Salt Creek (3km strike and widths to 30m)

• Mn>10%

2. Miltalie

The Wildhorse Plain area is currently under al te stage cropp ng wi ith harvesting expected to be completed in December. Access is being sought to drill between January and May 2011.

January and May 2011.	Sample no Al% Fe% K% Mg% Mn% Na% P%
	15378 1.11 15.9 0.06 0.12 1.11 0.06 0.292
	15379 2.32 36.7 0.14 0.15 2.88 0.03 0.429
	15380 3.03 27.6 0.45 0.1 9.89 0.07 0.419
	15381 3.6 19.8 0.82 0.04 26.8 0.07 0.263
	15382 2.79 26.7 0.59 0.05 21.5 0.06 0.284
	15383 2.18 24.9 0.75 0.05 23.7 0.07 0.315
	15384 2.84 0.96 0.51 0.03 17.65 0.05 0.101
	15385 2.73 1.71 0.29 0.03 9.83 0.03 0.085 12

2. Wild Horse Plains Mn e ro ecP t /F j Early Stage Exploration Fe ‐ 3 target areas defined ‐ Campoona ‐ Mt Desperate ‐ High Bluff

Early Stage Exploration f Fe ‐ 3 target areas de ined ‐ Campoona ‐ Mt Desperate High Bluff ‐ Fe	Prospect Al % Ca% Fe % K % Mg % Na % P % S %
	Campoona 2.26 0.05 46.0 0.46 0.17 0.04 0.26 0.02
	Campoona 3.05 0.01 40.0 0.91 0.23 0.03 0.19 0.03
	Campoona 2.03 0.14 46.7 0.84 0.28 0.05 0.36 0.02
	Campoona 1.55 0.07 49.2 0.58 0.12 0.13 0.61 0.01
	Campoona 1.41 0.07 49.8 0.51 0.18 0.03 0.70 0.04
	Campoona 1.82 0.11 48.1 0.07 0.05 0.01 0.57 0.06
	Campoona 2.45 0.36 43.8 0.47 0.14 0.02 0.21 0.03
	Campoona 1.26 0.11 33.8 0.26 0.05 0.02 0.66 0.05
	Campoona 3.88 0.16 43.1 0.32 0.11 0.02 0.20 0.07
	MtDesperate 07 003 615 001 002 001 043 003
	. . . . . . . .
	Mt Desperate 0.67 0.05 63.7 0.01 0.03 0.02 0.27 0.03
	Mt Desperate 0.84 0.03 60.1 0.01 0.02 0.01 0.32 0.05
	Mt Desperate 0.68 0.03 61.6 0.01 0.02 0.01 0.33 0.03
	Mt Desperate 0.38 0.03 66.3 0.03 0.02 0.01 0.07 0.01
	Mt Desperate 0.8 0.03 64.4 0.01 0.02 0.01 0.11 0.01
	Mt Desperate 0 88 0 03 52 5 0 01 0 02 0 01 0 49 0 03 . . . . . . . .
	Mt Desperate 0.82 0.03 57.0 0.01 0.02 0.01 0.56 0.02
	High Bluff 0.53 0.07 59.7 0.05 0.09 0.03 0.05 0.02
	High Bluff 0.51 0.03 66.3 0.02 0.02 0.01 0.03 0.01
	High Bluff 0.83 0.02 61.6 0.02 0.02 0.02 0.03 0.07
	High Bluff 0.75 0.01 61.9 0.02 0.02 0.01 0.03 0.05
	High Bluff 1.76 0.1 47.0 0.22 0.09 0.01 0.81 0.04
	High Bluff 0.91 0.09 54.8 0.06 0.09 0.02 0.67 0.02
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Wild Horse Plains Hematite Model

1. Simple model based on hematite mineralisation at Onesteel’s Middleback Range deposits.

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2. The principal target is the
formation of high grade Campoona
hematite within synclinal
structures.
High Bluff
Mt Desperate
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3. Ketchowla Mn

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Regional Rock Chip Sampling
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Ketchowla Manganese

RC Drill Results Feb 2010

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K9
E-W cross section showing 16
Manganese grades %
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Ketchowla Manganese ± Ni/Co/Cu/Zn

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- Key Exploration Targets Leigh Creek Magnesite Project

• High grade > 40% MgO

• Low impurity magnesite

• Large outcropping deposits

• Close to existing standard gauge rail link

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View looking north of development face in MIL’s Myrtle Springs mine at Leigh Creek – magnesite beds appear white and intercalated dolomite beds show as fawn/grey.

Secondary Exploration Targets ‐ West Roxby Prospects 100% ‐ Uran um i (Apollo) IOCG (I s anl d Lagoon and Evelyn Dam)

us Project Stat Apollo unconformity uranium target defined. Drilling requires Ministerial consent.

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Residual Gravity and Magnetic image with Cariewerloo Basin

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Secondary Exploration Targets – West Roxby Apollo Prospect

Unconformity Uranium Athabasca Style Pandurra redbed lithologies

Unconformity

Reduced crystalline basement intruded by A type granites. (Olympic Dam) Magnetic and Gravity Lows Surface Depression – Rabbit Lake

Deposit example : Rabbit Lake Uranium Mine Nth Saskatchewan Canada Discovered 1965 First Production 1975 2008 Production CAMECO 3.6m pounds

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Apollo Topography
20-30m topographic Low
Apollo magnetics
Apollo Gravity Anomaly
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7—8mgal Low
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Secondary Exploration Targets Waterva e Gol ld

1. Nth Burra

EL 4266

metres

2. Riverton

EL 4563

• Quartz reefs mined in 1896

• Reported surface samples 3-23 g/t Au

• 20 metre shaft 14

g/t Au

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Secondary Exploration Targets ‐ Sugar oal f Graphite Graphite was intersected in 2008 drilling with the total carbon assays available late in 2009. Historical drilling reported graphite but no assays were performed, potential strike of the graphite is 1.5km

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CHRC010 10‐26m 16m @ 11.3% total C. 77‐113m 36m @ 14.0% total C. Inc 77‐85m 8m @ 22.9% total C. CHRC016 36‐64m 28m @ 11.1% total C. CHRC017 12‐52m 40m @ 10.8% total C. Inc 28‐48m 20m @ 13 1% total C. . 92‐100m 8m @ 10.7% total C

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EM
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Secondary Exploration Targets ‐ Pindari Nickel (100%)

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Project Status
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• Stockdale Drilling 1987

• • 3k i l ti l m c rcu ar magne c anoma y

• • EM Survey

• • Aircore Geochemistry

• • Targets Defined

• • Drill tested July 2010 – inconclusive

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EM 23
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Project Advancement 2011

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• Subject to receiving Ministerial consent to drill

Magnesite Leigh Creek Hematite ‐ WHP Manganese ‐ WHP Manganese ‐ North Burra – Gold W aterva e , verton, en l Ri B d er Uranium ‐ West Roxby Iron & Manganese ‐ Kanyaka Graphite ‐ Sugarloaf Copper* ‐ North Cowell

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25 Annual General Meeting 2010