ARCHER MATERIALS LIMITED — Capital/Financing Update 2020

Feb 6, 2020

Mineral Exploration Halloysite-Kaolin

Archer Materials Limited (ACN: 123 993 233) Ground Floor, 28 Greenhill Road, SA 5034

7 February 2020

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ASX Announcement (ASX: AXE )

Appointment of Halloysite-Kaolin Expert

Archer Materials Limited (“Archer”, the “Company”, “ASX: AXE” ) is pleased to announce the appointment of Mr Andre Zeitoun as an advisor to the Company. Mr Zeitoun will work with Archer to develop the Company’s halloysite-kaolin projects. The Company has agreed to issue 2.0 million share options (“Options”) to Mr Zeitoun and the Appendix 3G noting the grant of the Options has been lodged with ASX.

Mr Andre Zeitoun

Mr Zeitoun is an experienced senior executive in the industries of Corporate Finance and Mining and Specialty Industrial Minerals, and was recently President of Applied Minerals Inc., which is the owner-operator of the Dragon Mine Halloysite Clay Deposit in Eureka, Utah, USA.

Mr Zeitoun has over 10 years of experience in the commercial development and production lifecycle of halloysite-kaolin industrial minerals, including from exploration through to mining and commercial production. Mr Zeitoun has an extensive network within the halloysite-kaolin industry, having recently completed a strategic commercial partnership agreement with the Kaolin Division of BASF Corporation[†] , the world’s largest producer of specialty chemicals. A more detailed description of Mr Zeitoun’s credentials and experience can be viewed at https://www.linkedin.com/in/andre-zeitoun-04533714.

About Archer

A materials technology company developing materials in quantum computing, biotechnology, and lithium-ion batteries, and exploring for minerals in Australia. The Company has strong intellectual property, broad-scope mineral tenements, world-class in-house expertise, a diverse advanced materials inventory, and access to over $300 million of R&D infrastructure.

The Board of Archer authorised this For more information about Archer’s activities, announcement to be given to ASX. please visit our: Website: General Enquiries https://archerx.com.au/ Mr Greg English Executive Chairman Twitter: https://twitter.com/archerxau?lang=en Dr Mohammad Choucair Chief Executive Officer YouTube: https://bit.ly/2UKBBmG Tel: +61 8 8272 3288 Medium: https://medium.com/@ArcherX Sign up to our Newsletter: http://eepurl.com/dKosXI

† https://www.basf.com/us/en/media/news-releases/2017/11/P-US-17-119.html