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ARCHER MATERIALS LIMITED — Capital/Financing Update 2012
Mar 14, 2012
64478_rns_2012-03-14_67735d60-5186-495f-9483-4088aa8268ba.pdf
Capital/Financing Update
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Overview
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Hudson Resources Limited
Hudson Resources Limited (Hudson) (ASX: HRS) is a listed Australian company specialising in investments in mining assets and listed resources companies.
These investments are primarily origination by Hudson’s own geological team through proprietary exploration work and in some cases farm in mineralisation opportunities with other explorers by providing support through Hudson’s core competencies of technical evaluation and Asia and local investor networking.
Current resource investments embrace coal, bauxite, gold, graphite, magnesite and sorbent materials.
| ASX SymbNo ShareNo ShareMarket C | ol:HRSholders: 1,925s:118.3MapA$36.67M1 |
|---|
Directors / Officers
Peter Meers (Exec. Chairman) Tan Sri Ibrahim Menudin Ken Boundy Kit Foo Chye
Origination Projects
2008 Tiaro Coal Limited (ASX: TCM)
ABN 71 008 720 965
Level 2, 131 Macquarie Street Sydney NSW 2000 Australia PO Box R1908 Royal Exchange NSW 1225 Australia T: +61 2 9251 7177 F: +61 2 9251 7500 www.hudsonresources.com
ASX RELEASE 15 March 2012
HUDSON INCREASES ARCHER INVESTMENT
Hudson Resources Limited (Hudson) (ASX: HRS) has increased its investment in Archer Exploration Limited (Archer) (ASX: AXE) to 9.5 million shares.
Hudson now holds a 14.2% interest in Archer.
Archer Exploration Limited (Archer) is an iron ore, manganese, copper, gold and uranium explorer focused on the discovery of ore deposits. The Company has 100% of 19 granted tenements all in South Australia covering almost 9,500 km[2] over West Roxby, Eyre Peninsula, Leigh Creek, Burra, Wilmington and Australia Plains areas in South Australia. Archer has also earned the right to 100% of minerals other than uranium on EL4693 Wildhorse Plain that covers 816 km[2] in the Cleve area of Eyre Peninsula.
Archer has two outstanding mineral prospects (Sugarloaf graphite deposit and the Leigh Creek magnesite deposit) and a number of other very promising mineral deposits at varying stages of exploration.
Archer has entered into a Heads of Agreement with BHP Billiton for the sale of up to 80% of its interests in 5 West Roxby tenements for a consideration of $3 million with BHP required to spend a further $3 million over a three-year period on exploration.
BHP Billiton will sole fund the project up to $50 million up to a decision to mine.
2009 Australian Bauxite Limited (ASX: ABZ)
2010 Sovereign Gold Company Limited (ASX: SOC)
Advisory
2011 Raffles Capital Limited (ASX: RAF)
2011 Precious Metal Resources Limited (ASX: PMR)
FURTHER INFORMATION
Henry Kinstlinger Investor Relations
Telephone: +61 2 9251 7177
Mining
Sorbent Minerals (WA)
1 At 14 March 2012