ARCHER MATERIALS LIMITED — Major Shareholding Notification 2012

May 15, 2012

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Archer Exploration Limited

ACN/ARSN 64 123 993 233

1. Details of substantial holder(1)

Name GDE Exploration (SA) Pty Ltd and its sole director Gregory David English (GDE)

ACN/ARBN (if applicable) 119 610 627

There was a change in the interests of the substantial holder on 16 May 2012 The previous notice was given to the company on 20 July 2007 The previous notice was dated 15 August 2007

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

scheme, are as follows:
Class of securities(4)	Previousnotice		Presentnotice
	Person’svotes	Voting power(5)	Person'svotes	Voting power(5)
FULLY PAID ORD(FPO)	11,604 798	18.01%	11,951,644	14.55%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

follows:
Date of	Person whose	Nature of change	Consideration	Class and	Person’s votes
change	relevant interest		given in	number of	affected
	changed		relation to	securities
			change (7)
6-29NOVEMBER 10	GDE	PURCHASE ON MARKET	14.5 CENTS	211,500	GDE EXPLORATION(SA) PTY LTD (ATF
					A1 ENGLISH
					FAMILY TRUST)
24 MARCH 11	GDE	PURCHASE ON MARKET	23.5 CENTS	100,000	GDE EXPLORATION(SA) PTY LTD (ATF
					A1 ENGLISH
					FAMILY TRUST)
16 MAY 12	GDE	SHARE PURCHASE PLAN	30 CENTS	35,346	GDE EXPLORATION(SA) PTY LTD (ATF
					A1 ENGLISH
					FAMILY TRUST)

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of	Registered	Person entitled to	Nature of relevant interest(6)	Class and	Person’s votes
relevant interest	holder of	be registered as		number of
	securities	holder(8)		securities
GDE EXPLORATION(SA) PTY LTD (ATF	GDE EXPLORATION(SA) PTY LTD (ATF	GDE EXPLORATION(SA) PTY LTD (ATF A1	INDIRECT	4,416,846	5.38%
A1 ENGLISH FAMILY	A1 ENGLISH FAMILY	ENGLISH FAMILY
TRUST)	TRUST)	TRUST)

• 2 -

			- 2 -
Holder ofrelevant interest	Registeredholder ofsecurities	Person entitled tobe registered asholder(8)	Nature of relevant interest(6)	Class andnumber ofsecurities	Person’s votes
GDE EXPLORATION(SA) PTY LTD (ATFDRAGON MININGINVESTMENTTRUST)	GDE EXPLORATION(SA) PTY LTD (ATFDRAGON MININGINVESTMENT TRUST)	GDE EXPLORATION(SA) PTY LTD (ATFDRAGON MININGINVESTMENT TRUST)	INDIRECT	7,534,798	9.17%

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association(9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association

6. Addresses

The addresses of persons named in this form are as follows:

Name Address

GDE Exploration (SA) Pty Ltd and its 9 BOLINGBROKE GROVE, TOORAK GARDENS SA 5065 sole director Gregory David English (GDE)

Signature

print name: Gregory David English

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sign here

Sole Director

GDE Exploration (SA) Pty Ltd

16 May 2012

date